Answer:
Remedies
a. The suing party is called the plaintiff. The party being sued is the defendant. Therefore, since Arthur Rabe wants to sue Xavier Sanchez. Rabe is the Plainttiff and Sanchez is the Defendant.
b. If Rabe wants Sanchez to perform the agreement as promised, Rabe would seek remedy of Specific performance of Contract from the Court. Failure to do so will attract charges.
c. If Rabe wants the contract to be cancelled, then Rabe would ask the court for a rescission which is the cancellation of a contractual obligation.
d. The term remedies refers to a legal means to enforce a right or redress a wrong. Remedies of law include land, items of value or money. Remedies in equity includes specific performance, injunction and rescission. Thus, both remedies in part b and c are remedies in equity.
e. The party appealing a case is called the appellant or petitioner while the appellee is the party against whom the appeal is taken. So Sanchez would be the appellant and Rabe would be the respondent.
Answer:
net income for 20x2 is $220,000
Explanation:
if the company changes to the FIFO method, the adjusting entry should be:
Dr Inventory 15,000
Cr Cost of goods sold 15,000
This means that COGS will decrease by $15,000.
20x2 income statement
Sales $1,200,000
Cost of goods sold <u>($705,000)</u>
Gross profit $495,000
S&A expenses <u>($275,000)</u>
Net income $220,000
Answer:
B. the global viewpoint supersedes national issues
Explanation:
A transnational organization is one that acts in a manner that is beyond the confines of a national state.
An organization may have its headquarters in a country while it's sales are generated in many countries across the globe.
Such an entity will act within the laws and regulation of the countries where the presence of its product is felt however major contributions about the product are not limited to just one country or state.
This defines a transnational organization. A good example is coca-cola.
The right option is B. the global viewpoint supersedes national issues.
The answer would be C. Webcam, Speakers, and microphone.
Answer:
True
Explanation:
The text portion of the writing contains word for word the question.
