Oceans inc., a seafood distributor, agrees to buy from paul, a commercial fisherman, any "overstock" of fish that paul catches in excess of his legal limit. This agreement is most likely void.
the act of agreeing or of coming to a mutual association. the kingdom of being in accord. An arrangement is ordinary with the aid of all events to a transaction. An agreement or different record delineating such an association. The unanimity of opinion; harmony in feeling: settlement of some of the individuals of the school.
An agreement is a promise between entities to grow mutual obligations with the aid of regulation. segment 2(e) of the Indian contract Act, 1872 defines an agreement as 'each promise and each set of promises, forming the attention for every other, is an agreement.
The definition of agreement manner is the act of coming to a mutual selection, position, or arrangement. An instance of an agreement is the choice among two human beings to percentage the lease in an apartment.
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Answer:
$73,500 is the revenue TopChop will recognize for the arrangement with Carlos.
Explanation:
Revenue is calculated as follows.
= amount received + Use of name
= $56,000 + $35,000 × (1÷2)
= $73,500
New franchise fee can be immediately recognised as income.
$50,000 is the principal amount.
When you initially apply for a house loan, you borrow a certain amount of money, which is known as the principle. Simply deduct your down payment from the final selling price of your house to determine your mortgage principal.
The formula for calculating the Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.
I = $ 500
RT= .12 X 30/360
So,
P = I/RT
P= 500/0.01
P= $50,000
Holly loaned funds at 12 or 30 days and earned $500 in interest. The principal amount on this loan is $50,000
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<span>The accounting principles and practices as they relate to inventory can be used in unethical ways. For example in my industry many teachers have to collect inventory and check it in but they steal the inventory for themselves. One way to reduce the risk is to have 2 people check off on the inventory.</span>
