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kolbaska11 [484]
3 years ago
6

Mallory promises a local hardware store that she will pay for a lawn mower that her brother is purchasing on credit if the broth

er fails to pay the debt. Must this promise be in writing to be enforceable
Business
1 answer:
VladimirAG [237]3 years ago
6 0

Answer:

Yes

Explanation:

Yes, in such a situation the promise must be written and signed by both parties in order for it to be enforceable. This is mainly due to the fact that the promise is being made for circumstances regarding a third individual which therefore makes this a Collateral promise. Collateral Promises must be written and signed in order for it to take effect and protect all parties involved from backing out of the contract, which doing so would be considered fraud.

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Ruth Richter gives a nonprofit entity $25,000 in cash. She tells the entity that it may use the gift for a particular research p
adelina 88 [10]

Answer:

The correct answer is 'Deferred Revenue'.

Explanation:

The Deferred Revenue account relates to the account in which a specific amount of payment is received in advance by the organization for the goods that are not delivered or, for the services which have not been implemented yet. They are shown on the balance sheet of the organization on the liability side.  

Thus, according to the scenario given, the Deferred revenue account will be credited, when the gift is received, but neither of the conditions is met.

6 0
3 years ago
The government sector get its income mostly from exports to other countries.
Studentka2010 [4]

Answer:

true we import and export to other countries

Explanation:

7 0
3 years ago
Read 2 more answers
Sidwan, owner of Jacuzzi Warehouse, said, "We have to focus on our customers and how we can beat the competition, so we have to
hjlf

Answer:

The remaining part of the question is:

A) clan culture.

B) goal-driven agenda.

C) adhocracy culture.

D) market culture.

E) focused approach.

Correct Answer:

D) <u>market culture. </u>

<u></u>

Explanation:

His suggestion of his research and development team to develop innovative products for the emerging changes in markets for his customers shows that, Jacuzzi Warehouse has a market culture.

5 0
3 years ago
If there is a high demand for a product, the price for that product will
bija089 [108]

Answer:

lower

Explanation:

As people would make a smaller profit but more if it accumulating it to get bigger than expensive with less sales.

4 0
3 years ago
Ending finished goods inventory selling expenses administrative expenses what is the gross profit?
Aleksandr-060686 [28]

Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.

<h3>What is Gross profit?</h3>

Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.

The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.

To learn more about Gross profit from the given link:

brainly.com/question/18567528

#SPJ4

3 0
2 years ago
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