What is the budgeted cost of goods sold given the following for next budget

Shania offers to sell her lakefront property to Tonya for $150,000, and Tonya agrees to buy it. Tonya and Shania both sign the r

Lina20 [59]

Some of the likely things which a court would do if Tonya sues to enforce the contract are:

1. X not enforce the contract, because people are free to choose to whom they sell their property.
2. award monetary damages to Tonya.
3. require Shania to go through with the sale.
4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.

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

This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.

With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.

In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.

Read more about contract here:

brainly.com/question/984979

8 0

2 years ago

During 2019, its first year of operations, Bento Steel Corporation reported a net operating loss of $500,000 for financial repor

erastovalidia [21]

Answer:

The amount of net income reported in 2020 income statement would be $75,000.

Explanation:

Pretax accounting income for 2020 = $100,000

Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets

= ($100,000 - $100,000)*25% + ($100,000*25%)

= $25,000

Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense

= $100,000 - $25,000

= $75,000

Therefore, The amount of net income reported in 2020 income statement would be $75,000.

8 0

3 years ago

Packaging Products, Inc., sends its standard purchase-order form to Quality Box Company to evidence a sale of packaging material

natima [27]

Answer:

Option D. Any of the above.

Explanation:

The reason is that the contract is not formed until the both parties don't agree on the terms and conditions of the contract which includes:

New terms and conditions because as we know the business environment is consistently changing like inflation changes, etc (Option A).
The acceptance is always required for the contract formation (Option B).
Additional clauses of the contract are new clauses and acceptance is required for these to form a contract (Option C).

So all of the options can alter the contract existence. So the right answer is option D.

4 0

3 years ago

Read 2 more answers

ada inc. stopped its production of oral care goods after determining apparel production to be its new primary objective. this is

ale4655 [162]

Ada Inc. stopped its production of oral care goods after determining apparel production to be its new primary objective, which is a direct result of the <u>c. </u><u>strategic planning process</u> at Ada Inc.

<h3>What is the role of strategic planning?</h3>

Strategic planning provides long-term direction to an organization's decision-makers.

Strategy planning helps the organization's leaders define their vision for the future and to marry their organization's goals and objectives with available and future resources.

The elements captured in strategy planning include the organization's vision, mission, SWOT analysis, core values, goals, objectives, and action plans.

Strategy planning remains a mere planning process until the formulated strategies go through these stages: formulation, implementation, successful outcomes, and evaluation.

Thus, at Ada Inc., there is an ongoing strategic planning process.

Learn more about the strategic planning process at brainly.com/question/17924318

#SPJ1

<h3>Question Completion with Answer Options:</h3>

a. tactical

b. research

c. strategic

d. economic

4 0

2 years ago

Which word best describes the writing process in business writing ?

IRINA_888 [86]

Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing

8 0

3 years ago