Answer:
can revoke the contract as informal verbal agreements are not binding
Explanation:
Since in the question it is mentioned that sherry would pay her $5,000 in the case when she runs marathon now once she starts running so here alan can revoke the contract legally as there is only verbal agreements not the written agreement also they are not binding to each other
So as per the given situation, the above statement should be considered
For a given year, the income statement budget is created through the use of predictions and fore casting.
<h3>What is the income statement budget?</h3>
This is the budget that is made up of the revenue, the expenditure and the profit for a particular year.
The financial report from the former year and the budget for the new period is what is taken into account.
The individuals that develop the income statement budget would be the accountant.
Read more on income statement budget here:brainly.com/question/24498019
Answer:
A. $180,000.
Explanation:
The computation of the total manufacturing cost is shown below:
As we know that
Ending work in process inventory = Beginning work in process inventory + total manufacturing cost - cost of finished goods manufactured
$15,000 = $5,000 + total manufacturing cost - $170,000
So, the total manufacturing cost is
= $165,000 + $15,000
= $180,000
Since the interest payable, principal and the maturity date was not given in this problem. I can only give you the account titles used and their respective debit and credit side. But to know the interest owed, used the formula I = Prt.
So when Whispering Winds Corporation receives the principal and the interest payment, the entry would be:
Debit Cash xx
Credit Notes Receivable xx
Credit Interest Income xx
I 'm not sure but the answer might be A.