A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay.
Answer:
A) Factoring
Explanation:
Factoring: This is a short term financial option which refers to financial transactions between a business firm and a financial institution. It is the selling of debt by a business firm at a discounted price to a financial institution.
Maurio inc. is involved in factoring by selling its accounts of credits to restube which is i financing firm at a discount in order to have enough capital to invest in digital publishing.
Factoring is the relationship between the financial institution and the business firm in which the fimancial institution purchases the business firms credit and pay about 80% to 90% immediately and pay the balance at a later date.
There are different types of factoring;
1) Domestic and export factoring
2) Recourse and non-recourse factoring
3) Advance and maturity factoring
4) Disclosed and undisclosed factoring
Answer:
Refund
Explanation:
After acceptance, the next step is for the government to review your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and check if you owe back taxes, unpaid child support, or other debts. If they need to make any corrections, they may offset (reduce) your refund.
Answer:
B. search; experience
Explanation:
tangible products have search properties, whereas services have experience properties
Answer:
Peterson's finished goods inventory cost at December 31 under the variable costing method is $90,000
Explanation:
The computation of the Peterson's finished goods inventory cost is shown below:
= (Variable manufacturing cost ÷ units manufactured) × units difference
= ($630,000 ÷ 70,000 units) × 10,000 units
= $90,000
The units difference would be equal to
= Units manufactured - units sold
= 70,000 - 60,000
= 10,000 units
