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skad [1K]
3 years ago
12

John hires Jane to steal a particular type of car for him. Jane demands $2,000 payment in advance, which John pays. Jane does no

t deliver the stolen car at the appointed time. John sues Jane. Which of the following is most likely true? a. The courts will order Jane to return the $2,000 b. The courts will order Jane to deliver a car like she promised to steal for John. c. The courts will order Jane to pay the court $2,000. d. The court will do nothing, and leave the parties as they find them.
Business
1 answer:
schepotkina [342]3 years ago
7 0

Answer:

Correct option is D

The courts will not do anything and leave the parties as they find them.

Explanation:

The true statement is that courts will not do anything and they will leave the parties as they find them.

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The Retained Earnings account has a credit balance of $40,000 before closing entries are made. Total revenues for the period are
iren2701 [21]

Answer:

A. Debit Income Summary $41,300; credit Expense accounts $41,300

Explanation:

At the end of the period, the revenue and expenses for the company are closed into the income summary account which in turn is closed into the retained earnings account.

For revenue, the entries are debit revenue and credit income summary with the revenue for the year. For expenses, credit expenses and debit income summary with the total expense for the year.

As such, given that Total revenues for the period are $58,200, total expenses are $41,300, and dividends are $10,200, the correct closing entry for the expense accounts is

Debit Income Summary $41,300

Credit Expense accounts $41,300

3 0
3 years ago
Which of the following is a potential safety hazard?
maxonik [38]

Umm... I can't find the choices... So, those are the choices I made up that are correct to your question.


  • Spills covering grounds or falling hazards, such as blocked paths or cords going over the ground.
  • Working from heights, including ladders, scaffolds, roofs, or an elevated workspace.
  • Unguarded device and moving machine pieces; guards dismissed or moving pieces that a worker can unintentionally touch.
6 0
3 years ago
Read 2 more answers
The​ long-run elasticity of supply in most industries is​ ___________ than the​ short-run elasticity because in the long​ run, ​
Naily [24]

Answer:

The correct answer is option b.

Explanation:

The elasticity of supply for a good is generally higher in the long run as compared to the short run. This is because a firm is able to expand its production more in the long run.

In the long run, all the factors are variable, so production can be increased to a greater extent. In the short run, a firm can increase only the quantity of labor employed to increase production.

Also, firms cannot enter an industry in the short run but they can in the long run. This implies that the overall production in the industry can be increased more in the long run.

7 0
3 years ago
On January 1, 20X1, Jennifer purchases common stock of Gamma Corporation for $100,000. During the year, Gamma Corporation stock
mars1129 [50]

Answer:

7%

Explanation:

Return on investment (ROI) is a very popular and simple profitability ratio used by financial and business analyst to test the profitability or otherwise of an investment. It is always calculated by dividing the net income by the Cost of Investment, expressed as a percentage.

ROI                            = (Net Income / Cost of Investment) x 100%

Net Income               = Capital gain + dividend received

Capital gain              =  Sales of stock - Cost of stock

                                 =  $104,000 - $100,000 = $4,000

Dividend                   =  $3,000

Net Income               =  $4,000 + $3,000        = $7,000

Cost of Investment   =  $100,000          

ROI                            =  ($7,000 / $100,000) x 100%

ROI                            =   (0.07) x 100%

ROI                            =   7%

Therefore, the return on investment of the Gamma stock is 7%.

6 0
3 years ago
Panther company's bookkeeper debited supplies expense for the COGS during that month. the bookkeeper discovered the error prior
Ratling [72]

Answer:

d. credit to supplies expense

Explanation:

A credit entry to an account that was debited in error is sufficient to reverse the error.

4 0
3 years ago
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