Answer:
In this scenario, Smith Bus should be excused from performance under the doctrine of commercial impracticability
Explanation:
Answer:
A weakness.
Explanation:
In SWOT analysis, W stands for weakness and these includes all those things you do not do very well which gives your competitors an advantageous edge over you.
Weaknesses includes;
Unmotivated employees
Low cost of production
Outdated technology
Financial instability etc.
The answer is prequalification. This is a process or
arranging with a mortgage lender in means of buying a home. It is an initial
step and an essential step of having to manage and organize the financial needs
that you need in order to buy a home.
Answer:
Explanation:
a. The computation of the income from operations is shown below:
= Sales revenue - Cost of goods sold - Selling and admin expenses
= $310,000 - $140,000 - $50,000
= $120,000
b. The computation of the net income is shown below:
= Income from operations + Gain on sale of plant assets - interest expenses - Loss on discontinued operations
= $120,000 + $30,000 - $6,000 - $12,000
= $132,000
c. The computation of the comprehensive income is shown below:
= Net income + unrealized holding loss on these securities
= $132,000 + $10,000
= $142,000
d. The computation of the ending retained earning balance is shown below:
= Net income - Dividends declared and paid
= $132,000 - $5,000
= $127,000