Answer:B. Unenforceable as a violation of public policy.
Explanation: The contract which Marilyn entered with the buyer of her firm is Unenforceable as a violation of public policy. Under Normal public policy no one should be Prevented from going into any business once it is Legal and was done According to the laws of the land. In a capitalist Economy like the United States of America, private ownership of Businesses is encourage,if Marilyn finally opens a new travel agency,it will not be enforceable by the law to prevent her or stop her Business.
Answer:
$3,978.00 is the end cash account balance after all monthly transactions have been processed and posted.
Explanation:
$5,690.00-2,380.00-43.00-160.00-500.00+69.00+1,300.00 (if the deposites outstanding have posted for the 1,300.00)=$3,978.00
OR $2,678.00 (without the deposites outstanding being posted to the account. )
Answer:
Schedule is in the MS Excel file attached with this answer.
Explanation:
Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.
In double declining method the double depreciation is charged.
The asset is depreciated on the specified rate by the tax department based on the useful life of the asset.
All the working and schedule is made in an excel file attached with this answer, please find it.
= 41,000 USD * 1+(2.5%-1.9%)
= 41,000 USD * 1.60
<em>= 65,600</em>
Net change <em>65,600 - 41,000 = </em><em>$24,600</em><em> </em>
<em>INCREASE IN HIS PURCHASING POWER!!!</em>
<h2><em>OR 60% MORE IN HIS POCKET CHA-CHING!!</em></h2>
<em />
Good luck!
#JmackTheInstructor
Though a bit more costly, an entrepreneur who buys a business gain will receive the following advantages:
1. Bankers and investors feel more comfortable dealing with a business that already has a proven track record making it easier to get financing. 2. There is already a standardized policy, procedure and operation flow which is proven to generate profit. 3. An established customer base and reputation is already existing 4. Along with employees who are familiar with the business flow and/model
