Answer: the intentions of the parties is inferred from their conduct by the court as well as the circumstances of the contract
Explanation:
An implied contract is referred to as an agreement that's legally-binding which was created due to the actions, or circumstances of the parties that were involved.
In an implied contract, the parties typically possess no written contract, but an obligation is created by the law based on the conduct of the parties involved.
Answer:
c. $24,500
Explanation:
The allowance for doubtful accounts is a contra-asset account that records the amount of receivables expected to be uncollectiblea, makes a reduction of the total amount of accounts receivable appearing on a company’s balance sheet. There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.
ABC Company uses the percentage of sales method - application a flat percentage to the total amount of net credit sales for the period.
Estimated uncollectible = 3% x $750,000 = $22,500
The company establishes an allowance for doubtful accounts for $22,500 while simultaneously reporting $22,500 in bad debt expense.
Before adjusting on December 31, 2004, the Allowance for Doubtful Accounts had a credit balance of $2,000.
The balance in the allowance for doubtful accounts after adjustment is $22,500 + $2,000 = $24,500
The reason for a <u>just-in-time</u> inventory strategy is to minimize tying up large sums of money for long periods of time and, in addition, to reduce the cost associated with inventory management.
inventory management enables agencies to discover which and what kind of inventory to order at what time. It tracks stock from buy to the sale of products. The exercise identifies and responds to tendencies to ensure there may be constantly sufficient inventory to satisfy patron orders and the right caution of a shortage.
Discipline inventory management generally known as stock management is the feature of know-how of the stock mix of a corporation and the exclusive demands on that inventory.
The three maximum popular inventory management strategies are the frenzy method, the pull approach, and the simply-in-time technique. these techniques offer businesses distinct pathways to assembly consumers call for.
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<span>Holly would want to run a parallel test. In this, she would be able to utilize the processing capability at some third-party location while still being able to use all of her own technical resources and not expending any of her own on-site. The activity at her center would not be lowered and would still be able to give the results she requires.</span>
Answer:C. Face cream must not be processed further because cost increase more than revenue.
Explanation:
The bottle of face cream cost $11 to the firm at a sales price of $15 bringing in a profit of $4, however if the firm decided to process the cream bottle further into sunscreen it will incur additional cost of $16 which brings the total cost to $27 and it can only be sold for $26 which brings a loss of $1 invariably cost is greater than revenue.
