Answer:
458,000
Explanation:
Beginning inventory = 1,200 units
Budgeted sales = 456,000 units
Desired ending inventory = 3,200 units
Now,
Production Required is given as:
= ( Budgeted Sales + Ending Inventory Required ) - Beginning Inventory
on substituting the respective values, we get
Production Required = 456,000 + 3,200 - 1,200
or
Production Required = 458000
Answer:
is called a forbearance and is adequate legal consideration for a contract.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Under contract law, a promise not to do something that a person could otherwise do is called a forbearance and is adequate legal consideration for a contract.
For example, a creditor who decides to forebear by refusing to collect money from a debtor.
Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
I am not 100% sure but I think it would be B a loan officer
Warby Parker can offer cheaper glasses than their competition because they <span>use the same materials and factories as Luxottica without the licensing fees.</span>
Hope this helps!
