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3 years ago

Question 8 of 10

Business

1 answer:

Nesterboy [21]3 years ago

5 0

Answer:

Explanation:

If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.

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Offer. Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. B

Fittoniya [83]

Answer:

Ball can certainly hold Sullivan to a contract for sale of the land. Sullivan in his reply to Ball's enquiry offered to sell the forty-acre tract of land at $60,000 and nothing less. Ball accepted this offer by Sullivan by stating his acceptance.

These exchanges of offer and acceptance meet the terms of a valid contract. Therefore, Ball can always hold Sullivan for contract enforcement.

Explanation:

In making a valid contract, offer and acceptance are key ingredients, with specific consideration. Since the two parties, Ball and Sullivan are agreed on the consideration and have exchanged offer and acceptance, the validity of the contract is enhanced thereupon.

7 0

3 years ago

Suppose that the Lorenz Curve for the U.S. in 2019 lies completely below the Lorenz Curve for Switzerland in 2019. This implies

Yuki888 [10]

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2 years ago

Commercial banks are funded through which of the following?

Artemon [7]

A. Commercial banks lend mi way to consumers in the form of car loans, mortgages and personal loans. The money distributed for these loans comes from deposits of other bank customers.

3 0

3 years ago

Read 2 more answers

The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). R

nikklg [1K]

Answer:

Particulars 2021 2022 2023

Beginning Inventory 277 253 235

Cost of Goods sold 633 623 586

Ending inventory 253 235 220

Cost of good available for sale 886 876 806

Purchases 640 623 595

Purchase discounts 20 17 26

Purchase returns 26 32 16

Freight-in 15 34 18

Explanation:

There are few missing values which are calculated using back solving technique. These values are bold and underlined. Playa Company has missing information for its three year accounts.

Available for sale = Beginning inventory + Net Purchases

Cost of Goods Sold = Cost of good available for Sales - Ending inventory

Ending inventory = Cost of Goods available for Sales - Cost of Goods Sold.

Net purchases = Gross purchases + Freight in - Purchase discount - Purchase return

8 0

3 years ago

At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $760. During the year, previously wr

Tom [10]

Answer:

Given:

Allowance for Doubtful Accounts is a credit of $760

Written off accounts = $120

Accounts totaling = $740

The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts will be computed as:

Allowance for Doubtful Accounts - Accounts totaling + Written off accounts

⇒ $760 - $740 + $120

⇒ $140

therefore, the correct option is (c).

5 0

3 years ago