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Inessa05 [86]
3 years ago
6

If in their contract for the sale of dairy cattle, Luis and Greenfield mistakenly agree to exchange ten cows for $200 dollars, w

hen the sales price should have been $2000, they may seek which remedy?
restitution.
recovery based on quasi contract.
novation.
reformation.
Business
1 answer:
Natalija [7]3 years ago
7 0

Answer:

Restitution.

Explanation:

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Maso Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable,
cricket20 [7]

Answer:

Increase of $95,000

Explanation:

Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.

The expenses which are related to the business is directly or indirectly affect the stockholder equity.

So, the net effect is shown below:

Issuance of common stock = $200,000

Less - Payment of salaries expense = $105,000

So, the net effect would be equal to

= $200,000 - $105,000

= $95,000

The accounts payable does not affect stockholder equity. So, it would not be considered.

This $95,000 would increase stockholder equity.

7 0
3 years ago
Faulty tools must be recorded first, ________ them and report it to the authorize personnel. 
morpeh [17]

Answer:

condemned or thrown I think

3 0
2 years ago
Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets an
yKpoI14uk [10]

Answer:

A. $91,770

Explanation:

The direct materials in the flexible budget for October:

Cost = Variable Cost + Fixed Cost

Variable Cost = Actual level of activity*Direct material Variable element per unit = 6,650 units * $13.80 = $91,770

Fixed Cost = $0

So, the direct materials in the flexible budget for October = $91,770 + 0 = $91,770.

4 0
3 years ago
What is the top reason managers fail in their role? a. Poor planning practices/reactionary behavior b. Ineffective communication
Nina [5.8K]

b. Ineffective communication skills and practices

Explanation:

The top reason managers fail in their role is due to ineffective communication skills and practices.

  • Effective communication help in high performance
  • Poor communication skills affect workplace causes business failures
  • Ineffective communication skills result in low morale and unhealthy work culture
  • Increases employee attrition rates
6 0
3 years ago
Please help
Sindrei [870]

Answer:

In which type of economy is a business owner most likely to benefit from free enterprise? (1 point) In a market economy because there is lots of competition and not much take back from the government. This economy is ideal for a free enterprise.

8 0
3 years ago
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