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Mkey [24]
3 years ago
14

What was the result on appeal in the Case Opener involving the claim that Michael Jordan owed $5 million based on his agreement

to pay the plaintiff's mother on the premise that he was the father, although it was later determined that the child was not his?
Business
1 answer:
Stolb23 [73]3 years ago
6 0

Answer:

Sometimes our justice system can really surprise us. How can a person sue another individual based on arguments that are known to be false? Shouldn't the courts just say no to this kind of lawsuits?

It's plain common sense that the court would dictate that the agreement should be annulled or rescinded based on the mother's fraud attempt or maybe mutual mistake between Michael Jordan and her. Even if they were both convinced that he was the father, after it was proven that he wasn't, the court shouldn't have even wasted its time (and taxpayers money) with this case.

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Which of the following loans typically offer the lowest interest rate
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I don't know what your interest rates are but 1.10(10% increasing) is more then 1.01(1% increasing).  Does this help?


8 0
3 years ago
Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations: (If no en
den301095 [7]

Answer:

Please see answer in explanatory column

Explanation:

Journal for  Budgetary entries

a) Anticipated revenues are $11.8 million; anticipated expenditures and encumbrances are $8.0 million

Account                                        Debit                Credit

Estimated Revenue control  $11,800,000

Appropriation control                                            $8,000,000    

Budgetary fund                                                      $3,800,000

Calculation

Budgetary fund = Estimated Revenue control  $11,800,000-

Appropriation control   $8,000,000 = $3,800,000        

b)Anticipated revenues are $8.0 million; anticipated expenditures and encumbrances are $9.4 million.

Account                                        Debit                Credit

Estimated Revenue control   $8,000,000

Budgetary fund                        $1,400,000

Appropriation control                                            $9,400,000

Budgetary fund = Estimated Revenue control  $8,000,000-

Appropriation control   $9,400,000 = -$1,400,000  , therefore will be debited

c)Anticipated revenues are $9.4 million; anticipated transfers from other funds are $1.6 million; anticipated expenditures and encumbrances are $8.0 million; anticipated transfers to other funds are $0.7 million

Account                                          Debit                             Credit

Estimated Revenue control         $9,400,000

Estimated other finance source control$1,600,000

Appropraition control                                                 $8,000,000

Estimated other finance source control                     $700,000

Budgetary fund                                                            $2,300,000

Budgetary fund = Estimated Revenue control +Estimated other finance source control) -Appropriation control + Estimated other finance source control=  $9,400,000 +$1,600,000)- $8,000,000 + 700,000 ) = 11,000,000 - $8,700,000 =$2,300,000  

d)Anticipated revenues are $8.6 million; anticipated transfers from other funds are $1.1 million; anticipated expenditures and encumbrances are $9.7 million; anticipated transfers to other funds are $1.0 million.

Account                                          Debit                             Credit

Estimated Revenue control           $8,600,000

Estimated other finance source control$1,100,000

Budgetary fund                                    $1,000,000

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Estimated other finance source control                     $1,000,000

Budgetary fund = Estimated Revenue control +Estimated other finance source control) -Appropriation control + Estimated other finance source control=  $8,600,000 +$1,100,000)- $9,700,000 + 1,000,000 ) = 9,700,000 - $10,700,000 =-$1,000,000  so will be debited

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