Answer:
DR Prepaid expense $9,000
CR Cash $9,000
Explanation:
Based on the information given about Plum Co. In which we were been told that the company paid the amount of $9,000 in cash in order for management services to be performed and since the company record all prepaid expenses to their asset accounts this means that on July 1 Plum should:
DR Prepaid expense $9,000
CR Cash $9,000
<span>Monticello - </span><span>931 Thomas Jefferson Pkwy, Charlottesville, VA 22902</span>
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Answer:
Explanation:
It seems to be a bilateral contract among Tabor and Martin with valid contract, as both parties have the capacity to fulfill duties. Martin delivers the cabinets and Tabor pays for them upon delivery, using the installment method as a promise while the second installment is done. This way, the bilateral contract was interrupted and needed consideration due to the incapacity of Martin to perform correctly from the agreement.
Martin cannot legally collect $100 from delivering the remaining 10 cabinets on the nest installment. There is one way that he could have collect the money legally, but he made a wrong reasoning to Tabor with regards to the additional payment: will promise to deliver the remaining thirty cabinets only if Tabor will pay $50 per cabinet. This means that Martin had violated the original agreement. Tracing the contract, the deficit of $10 per cabinet would mean incapacity of one party to fulfill the agreement. Also, the modification of agreement gave Tabor no choice to have his cabinets delivered due to Tabor’s statement only if Tabor will pay $50 per cabinet
Answer:
Explanation:
the difference between a successful and an unsuccessful decision is with a successful decision you would be successful and make profit since this is the subject of business and an unsuccessful decision will make you lose profit and make you lose into Investments. there is no luck vs skill this is all skill actually. skill has to do with this because you need to have certain experience in a certain thing to be having a successful decision.