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Mamont248 [21]
3 years ago
6

An accord is an agreement by the parties to offer and accept some performance different from that originally bargained for. the

actual performance of the new obligation is:
Business
1 answer:
Tema [17]3 years ago
5 0
The answer is satisfaction. It is the legal consideration which binds the parties to the settlement. A valid accord does not discharge the prior contract; instead, it appends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction. The performance of the contract will discharge both contracts. If the creditor breaches the accord, then the debtor will be able to bring up the existence of the accord in order to enjoin any action against him.
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What is profitability
kkurt [141]

Answer:

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use.

Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context.

3 0
2 years ago
Brief Exercise 4-5 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and insp
Anni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company identifies three activities in its manufacturing process: machine setups, machining, and inspections.

Machine setups:

Estimated annual overhead= $140,000

Cost driver= machine setups

Activity= 2,000 machine setups

Machining:

Estimated annual overhead= $240,000

Cost driver= machine hours

Activity= 24,000 machine hours

Insections:

Estimated annual overhead= $54,000

Cost driver= number of inspections

Activity= 1,200 inspections

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup:

Estimated manufacturing overhead rate= 140,000/2,000= $70 per machine setup

Machining:

Estimated manufacturing overhead rate= 240,000/24,000= $10 per machine hour

Inspection:

Estimated manufacturing overhead rate= 54,000/1,200= $45 per inspection

3 0
3 years ago
Which feature helps streamline the purchasing process once a customer approves an estimate?
Lina20 [59]

The feature helps streamline the purchasing process once a customer approves an estimate is Copy to purchase order from an estimate. Thus the correct answer is B.

<h3>What is a customer?</h3>

A customer refers to a person who purchases the product. He may or may not utilize the product. The final user of any product is referred to as a consumer.

Once your estimate has been approved by the client, you can quickly copy it to a purchase order to speed up the procedure. Purchase orders only receive copies of products that are clearly indicated as vendor purchases.

Therefore, option B Copy to purchase order from an estimate is appropriate to answer.

Learn more about customers, here:

brainly.com/question/14530604

#SPJ4

The complete question is Question 1

Which feature helps streamline the ordering process once a customer approves an estimate?

Price Rules

Copy to purchase order from an estimate

Automatic Purchase Orders

Export Data

4 0
1 year ago
Select all that apply When supplies are purchased on credit it means that: (Check all that apply.) Multiple select question. the
kkurt [141]

Answer:

the business will pay for the supplies at a later time

a liability has been incurred.

the Accounts Payable account will be increased.

Explanation:

In the case when the supplies are purchased on credit, the following entry should be passed

Supplies Dr XXXX

     To Account payable XXXX

(Being supplies purchased on credit is recorded)

here supplies is debited as it increased the asset and credited the account payable as it also increased the liabilities

So the following options should be chosen

1. The business would pay at a later time

2. Liability is incurred

2. The account payable is increased

8 0
3 years ago
How does Technology help in making in our self easier and more comfortable​
sattari [20]

Answer:

it makes work faster

It is reliable

it is easy to use

5 0
3 years ago
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