Answer: $2,175,000
Explanation:
Given that,
short-term debt it expects = $3,080,000
sale of common stock = 87000 shares
stock sold = $25 per share
Short-term debt could be excluded from current liabilities = 87,000 shares × $25 per share
= $2,175,000
Therefore, the amount $2,175,000 of short term debt have to be excluded from current liabilities.
Answer:
a. loses any remedy against the lessor for liability established in the suit.
Explanation:
This is because it was lessee's responsibility to inform the lessor in time.
A lessee is in contract with the lessor and is responsible for all the actions taken on behalf of the lessor with the lessor's permission.
If the lessee fails to inform the lessor in time or do any action without his permission then the lessor can sue the lessee or take any other legal action as may be required by the law against the lessee.
In breach of contract the lessee has to face the consequences and pay penalty.
Choice a is the best option.
The lessee can never sue the lessor for his illegal actions.
So option d is incorrect.
b) Delaying the litigation would do no good. It would add to his failures.
Choice c is also incorrect.
Answer: off price retailers
Explanation:
Off price retailers are owned and run by entrepreneurs or are divisions of larger retail corporations and they buy at less than regular wholesale prices and charge consumers less than retail.
It should be noted that there are three main types of off price retailers and they are factory outlets, independents, and warehouse clubs.
Answer:
true
Explanation:
Retained earnings and the return on stocks should always have the same cost because they both represent the return on stockholders' equity. When a firm earns a profit, it can either distribute the money as dividends or hold it in retained earnings for investing in future or current projects. But retained earnings is basically equity.
Answer and Explanation:
The adjusting entry is as follows:
Supplies expense Dr $2,200
To Supplies $2,200
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expenses and credited the supplies as it decreased the assets
The computation is
= Opening supplies + purchased - closing supplies
= $1,500 + $2,900 - $2,200
= $2,200
