1. The law does not allow a person who becomes involuntarily incapacitated to escape his contractual responsibilities, they must be fulfilled unless it is proven that the disability does not permit full compliance under any circumstances.2. The statutory statutes of contractual responsibilities take into account whether a person is incapacitated or not. At the time of compliance with these statutes, the parties concerned must be aware of any inconvenience.If the disability arises after a contract has been signed, there are laws that govern according to the type of contract, the facts under which there are conflicts and the type of disability that exists, as well as the time it originated and its causes.
True Two industries that have the same four-firm concentration ratio can have significantly different Herfindahl indexes.
What is Herfindahl indexes?
The Herfindahl-Hirschman Index (HHI), a popular indicator of market concentration, is frequently used before to and after merger and acquisition (M&A) deals to assess market competitiveness.
The index gauges a company's size in relation to the size of the industry it operates in as well as its level of competition. The market share of each company that competes in a market is squared, and the resulting values are then added to determine the HHI. Its values can range from almost 0 to 10,000, with lower numbers denoting a less crowded market.
A widely used indicator of market concentration is the HHI. It is determined by squaring the market share of each company that is engaged in market competition and then adding the resulting figures.
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Calculation of balance in the income summary account prior to closing net income or loss to the owner’s capital account:
It is given that Dogwood Company earned revenues of $19,000 and incurred expenses of $7,000. The owner made withdrawals of $3,500.
Hence the balance in the income summary account prior to closing net income or loss to the owner’s capital account shall be as follows:
= Revenues – Expenses
= 19000-7000
= $12,000
Hence the balance in the income summary account prior to closing net income or loss to the owner’s capital account shall be $12,000
A 10-K is just a <u>more detailed Annual Report</u>, without the visuals.
They includes info regarding the company and it's <u>financial performance</u> over the <u>last year</u>.
<u>Balance Sheet's</u> are <u>financial statements</u> that report a company's assets, liabilities, and equities at a <u>specific point in time</u>.
Therefore, we can conclude that 10-K reports include Balance Sheets
