Answer: A. Impossibility of performance
Explanation:
Impossibility of contract is a doctrine where by a contract is rendered invalid on the bases of uncontrollable circumstances which renders performance of contract impossible. Impossibility of performance can be difficult to prove.
Answer:
c.only that the debit dollar amounts equal the credit dollar amounts
Explanation:
For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.
The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.
There are many benefits to using folders when working with lots of files. Here are a few examples:
- You can use folders to sort your files by type, almost like drawers in a desk, so you might have folders for Music, Photographs, Documents, etc.
- You can use folders to group files together into a specific group. For example in your Photographs folder you might have a folder titled BirthdayPhotographs for all the photographs from your birthday.
- As in the example above you can nest folders to create sub-categories. Documents might include folders for Homework, Stories, Poems
- Folders can have different permissions applied to them, allowing you to keep personal files in a private folder only you can access, or secret files in a folder that doesn't show up in the normal list of folders!
Answer: The net effect of additional debt on WACC is uncertain.
Explanation:
Weighted Average Cost of Capital (WACC) refers to the rate of return that a company is paying it's capital providers on average be it debt holders or shareholders.
Adding additional debt to the mix effects the WACC in an uncertain way due to the different ways the WACC could react. For example, adding additional debt decreases the after-tax cost of debt because debt is tax deductible which means that more money can flow to shareholders so that reduces the cost of equity. At the same time however, Additional debt can increase the risk of bankruptcy meaning that the before tax cost of debt rises which also increase the WACC.
The effect can swing either way thereby making it uncertain.
Answer:
30,800 units
Explanation:
Production Budget for 2016
Budgeted Sales 29,000
Add Budgeted Closing Inventory 3,000
Total 32,000
Less Budgeted Opening Inventory (1,200)
Budgeted Production 30,800
therefore,
The budgeted production (in units) for 2016 is 30,800 units
