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3 years ago

In a contract each party has what

2 answers:

6 0

Each party has legal obligations in the agreement/contract, and which they connectedly exchanged of value whether it was a product, service, money, etcetera.

lana [24]3 years ago

4 0

Answer:

Obligation and responsibility.

Explanation:

Contract is a legally binding agreement that serve as a guide to the actions of the parties involved in a employment , lease , sales ,tenancy or business agreement.

It is supported with offer , acceptance of offer and legal valuation.

Every party in a contract agreement has right and obligations relative to others , but that does not mean that every party has equal right as the legal condition binding the contract might state otherwise.

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Which of these assumptions is often realistic for a firm in the short run? a. The firm can vary both the size of its factory and

Romashka-Z-Leto [24]

Answer:

The correct option here is C) the number of workers can be varied but not size of factory.

Explanation:

In the short run it would not be possible to shift or vary the size of factory and even if they try doing that it will talk lot of time and cost , which is in no way beneficial for the firm. But what firm can do is vary the number of workers they employ, like if they want to take advantage of economies of scale , they can do that by assigning less tasks to employees and for that they can make changes in the number of employees as per the requirement.

6 0

3 years ago

A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a: Multiple Choice Fi

Vlad [161]

Answer:

The answer is Fixed cost.

Fixed cost remains constant for a given period and does other change with the eh level of production. However, the per unit fixed cost decreases when the Level of production increases and vice versa.

Also, fixed cost is difficult to.control and manage relatively to the variable.costs.

Explanation:

7 0

3 years ago

Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each

Anettt [7]

Answer:

Third sentence

Explanation:

Even though they have little capital and new business partners it states in the third sentence that the two are happy to be organizing a business together to avoid liability. So if they take the time to learn about each other and to find each others strengths and weaknesses they will be able to work together and become a stronger team.

Hope this helps.

7 0

3 years ago

Which best describes the difference in the duties of restaurant employees who work inside and outside a kitchen?

Nadya [2.5K]

Answer: D is the correct answer

Explanation:

3 0

3 years ago

Blue Spruce Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivab

dedylja [7]

Answer:

The adjusting journal entry would be:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation of the entry:

Allowance for doubtful debts at the end of the year = $402,000 × 2% = $8,040

Credit balance at the start = $2,723

Allowance for doubtful accounts = $8,040 - $2,723 = $5,317

The Allowance for Doubtful Accounts presently has a credit balance of $2,723 and allowance for doubtful debt at the end of year is $8,040, you need to enter an additional credit amount of $5,317 into the Allowance for Doubtful Accounts. The other part of this adjusting entry will be a debit of $5,317 to Bad Debts Expense.

6 0

3 years ago