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Aleksandr-060686 [28]
3 years ago
8

When customers ask merchants to deliver articles to homes with no mention of payment, the buyers imply that they will pay the ma

rket price of articles when they are delivered or when bills are presented. This is an illustration of __________________. simple contracts considerations implied contracts formal contracts
Business
1 answer:
KIM [24]3 years ago
6 0

Answer:

implied contract.

Explanation:

Based on the information provided within the question it can be said that this is an illustration of an implied contract. This is a type of contract that is implied based on the actions of those involved. Even though this type of contract is usually not spoken or written it is still completely legal and enforceable. Such as the customers asking for the newspapers to be delivered , knowing that they will have to pay for it sooner or later.

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Flitter reported net income of $25,500 for the past year. at the beginning of the year the company had $216,000 in assets and $6
Brut [27]

Answer:

There are two ways in which Return on Assets can be calculated depending on whether we consider Total assets at year-end or average total assets.

Return on Assets = \frac{Net Income}{Total Assets at year end}   1

                                                          or

Return on Assets = \frac{Net Income}{Average Assets}       2

Substituting the values in equation 1 we get,

Return on Assets = \frac{25500}{316000}

Return on Assets = \frac{25500}{316000}

Return on Assets = 0.080696203  or 8.07%

Substituting values in equation 2 we get,

Return on Assets = \frac{Net Income}{Average Assets}

Return on Assets = \frac{Net Income}{\frac{Assets at beginning + Assets at year end}{2}}

Return on Assets = \frac{25500}{\frac{216000 + 316000}{2}}

Return on Assets = \frac{25500}{266000}

Return on Assets = 0.095864662 or 9.58%

5 0
3 years ago
A common-sized income statement, each item is expressed as a percentage of net income. true false
oee [108]

In a common-sized income statement, each item is expressed as a percentage of net income. TRUE

Commonplace-size earnings statement is the vertical evaluation of the income statement. A vertical analysis indicates all gadgets as chances and now not in absolute figures which affords a higher assessment. each line object is expressed as a percent determined by the base parent within the declaration.

A not unusual length earnings statement is an earnings declaration wherein each line item is expressed as a percent of the price of revenue or income. it's far used for vertical analysis, in which each line object in a monetary assertion is represented as a percentage of a base figure inside the assertion.

Commonplace length statements are usually expressed in the form of percentages. therefore, such statements are also known as a hundred according to cent statements or factor percent statements as all of the individual items are taken as a percent of 100.

Learn more about  common-sized here:

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8 0
2 years ago
Identify at least one type of firm that might exhibit low correlations of returns with the overall stock market? explain why the
svlad2 [7]

 

<span>One firm that is historically low and deals with negatively correlated stock markets is Gold Extraction Companies. They are have very low correction with overall stock markets. The basic reason for this low correlation is that, as the stock market become bearish, investor sentiment becomes weak, due to which most of the investors withdraw their money from stock market. Now once investor has withdrawn the money from stock market , they search on safe investments which will provide them good reruns, Gold is one of the investment which is relatively safe and provide high returns. Thus withdrawn money from the share market is invested in gold by investors. Thus Gold prices and companies related to extraction of gold have very less correlation to the gold.</span>

6 0
3 years ago
Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial
deff fn [24]

Answer:

$22,577.1

Explanation:

SANTANA INC.Balance Sheet (Partial)January 31, 2014

Current liabilitiesNotes payable $2,563.6

Accounts payable $4,263.9

Current portion of mortgage payable $1992.2

Warranty liability $1,417.3

Unearned rent revenue $1,058.1

Salaries and wages payable $858.1

Income taxes payable $265.2

Total current liabilities $12,418.4

Long-term liabilitiesMortgage payable$6,746.7

Bonds payable $1,961.2

Accrued pension liability$1,115.2

Notes payable $335.6

Total long-term liabilities $10,158.7

Total liabilities $22,577.1

($12,418.4 +$10,158.7)

3 0
3 years ago
When accounting for the general fund, the encumbrances control account is credited when:_____.
polet [3.4K]

When accounting for the general fund, the encumbrances control account is credited when: purchase order is filled or canceled.

<h3>What do you mean by general fund?</h3>

A general fund is defined as the fund which is known as the primary operating fund of a governmental unit. Most of the usual activities are supported by general fund.

On the other hand, the encumbrance control account is defined as settlement under which the some amount of money keep aside to meet the anticipated expenses.

For example, the reserve is used for maintaining the contract or purchase order.

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7 0
1 year ago
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