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Elanso [62]
3 years ago
14

Apps LLC enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. T

o fulfill the contract, Apps hires Dave as a student intern. With respect to the app contract, Dave is
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

D. an incidental beneficiary.

Explanation:

These are the options for the question

A. an intended beneficiary.

B. a promisee.

C. a promisor.

D. an incidental beneficiary.

From the question we are informed about Apps LLC who enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. To fulfill the contract, Apps hires Dave as a student intern. In this case With respect to the app contract, Dave is an incidental beneficiary. A contract can be regarded as an agreement that exist between two parties and It is legally back up. An incidental beneficiary from this contract can be regarded as the third party that just get some benefits from a contract that exist between two other parties in an agreement, even though the benefits the third part gets is not intended to get it, and there is no legal right for the third party as far as the contract is concerned.

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What is the advantage of Federal Loans over Private Loans? A. Federal Loans have fixed interest rates and Private Loans can have
iVinArrow [24]
The best answer for this question would be A. :) 
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3 years ago
Prepare journal entries to record the following production activities.
blagie [28]

Answer:

1.Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

Explanation:

Preparation to record Journal entry

1. Since the amount of $75,000 was been Incurred of the direct labour production this means we have to record the transaction as :

Dr Work in progress inventory75,000

Dr Payable Factory payroll 75,000

2. Since the amount of $20,000 was Incurred of indirect labor in production this means we have to record the transaction as:

Dr Factory overhead 20,000

Cr Factory Payroll Payable 20,000

3. Since factory payroll was paid the transaction will be recorded as :

Dr Factory wages payable 95,000

(75,000+20,000)

Cr Cash 95,000

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3 years ago
You interview 913 persons and only 5 prefer Cajun food. What percentage prefer Cajun food?
pantera1 [17]
0.00547645125%

5 / 913 = 0.00547645125
4 0
3 years ago
Read 2 more answers
In the forbes article, kotlikoff explains that saving and investing decisions should be guided by?
vladimir2022 [97]

In the forbes article, kotlikoff explains that saving and investing decisions should be guided by strategies that maximize expected utility.

Saving can mean a variety of things to various people. Some believe that it requires making a bank deposit. Investing in stocks or making contributions to a retirement plan are some more definitions. Conversely, according to economists, saving is the act of using less of a specific amount of resources today in order to consume more later. So, the choice to delay consumption and put that delayed consumption in an asset is what is meant by saving.

Saving is either deferred consumption or revenue that is not spent. Putting money aside in various accounts, such as a savings account, a pension account, an investment fund, or in cash, counts as a saving strategy. In order to save, expenses like recurrent charges must be reduced.

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5 0
2 years ago
This information relates to Ayayai Real Estate Agency.
posledela

Answer:

Oct. 1

Dr Increase Assets

Dr Cash $29,100

Cr Increase stockholders'equity

Cr Common stock $29,100

Oct. 2

Dr No Effect

Dr No Effect $0

Cr No Effect

Cr No Effect $0

Oct. 3

Dr Increase Assets

Dr Office furniture $3,610

Cr Increase Liabilities

Cr Accounts payable $3,610

Oct. 6

Dr Increase Assets

Dr Accounts receivable $10,000

Cr Increase Revenues

Cr Service revenue $10,000

Oct. 10

Dr Increase Assets

Dr Cash $130

Cr Increase Revenues

Cr Service revenue $130

Oct. 27

Dr Decrease Liabilities

Dr Accounts payable $600

Cr Decrease Assets

Cr Cash $600

Oct. 30

Dr Increase Expenses

Dr Salaries and wages expense $2,500

Cr Decrease Assets

Cr Cash $2,500

Explanation:

Preparation of the debit-credit analysis for each transaction.

Oct. 1

Dr Increase Assets

Dr Cash $29,100

Cr Increase stockholders'equity

Cr Common stock $29,100

(Being To record common stock)

Oct. 2

Dr No Effect

Dr No Effect $0

Cr No Effect

Cr No Effect $0

Oct. 3

Dr Increase Assets

Dr Office furniture $3,610

Cr Increase Liabilities

Cr Accounts payable $3,610

( Being To record purchase of office furniture)

Oct. 6

Dr Increase Assets

Dr Accounts receivable $10,000

Cr Increase Revenues

Cr Service revenue $10,000

( Being To record service revenue)

Oct. 10

Dr Increase Assets

Dr Cash $130

Cr Increase Revenues

Cr Service revenue $130

(Being To record service revenue)

Oct. 27

Dr Decrease Liabilities

Dr Accounts payable $600

Cr Decrease Assets

Cr Cash $600

(Being To record payment of office furniture)

Oct. 30

Dr Increase Expenses

Dr Salaries and wages expense $2,500

Cr Decrease Assets

Cr Cash $2,500

(Being To record salaries expense)

4 0
3 years ago
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