Answer:
In this case science the item is a design, we will have to do certain more case referring to quasi contract. Dewey will have to prove the court that design is his and it is not being used until the discussion made with American. If this is prove in court then the court can accept the case of quasi contract in which the American has willingly used his design to gain monetary benefits without keeping in knowledge to Dewey about the use. In this case the court may grant legal rights of the design to Dewey and would ask to pay penalty to American. Further, usage of design of American must sign legal contract with Dewey about the benefit and usage.
Answer:
6.75
Explanation:
Given that,
Gross sales = $150,000
Accounts receivable, beginning of year = $18,000
Sales = $135,000
Accounts receivable, end of year = $22,000
Average accounts receivables:
= (Beginning AR + Ending AR) ÷ 2
= ($18,000 + $22,000) ÷ 2
= $40,000 ÷ 2
= $20,000
Accounts receivable turnover:
= Sales ÷ Average accounts receivables
= $135,000 ÷ $20,000
= 6.75
Note: Accounts receivable, end of year is missing from the question. It is amounted to $22,000.
When companies in a competitive market are incurring a monetary loss, a number of the firms will go out of the market. As those corporations go out, the delivery decreases.
An aggressive marketplace is a term in economics that refers to a marketplace where there are a big amount of consumers and dealers and no unmarried consumer or dealer can affect the marketplace. competitive markets have no limitations to entry, lots of buyers and sellers, and homogeneous products.
The four popular forms of market systems consist of ideal opposition, oligopoly market, monopoly market, and monopolistic opposition.
A competitive market creates opposition amongst customers. which means one patron competes with another for an amazing or carrier, specifically for dwindled stock. for example, when it comes to buying tickets to a wearing event or music concert, customers often compete to buy high-quality seats.
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Answer:
The entry to record the transfer of materials from the storeroom is
Debit Work in process $ 36,000
Debit Factory overhead control $ 6,000
Credit Material Account $ 42,000
The material is accounted in material stock account when purchase. Latter if material is used directly it is taken in work in process account. Indirect material is accounted in FOH account.
