Answer:
Acceptance
Explanation:
For a contract there are some certain conditions to be fulfilled, to call it valid. This includes the basic two things:
Offer and acceptance.
Offer refers to the option provided by a party in the contract and that there is acceptance from opposite party to accept the offer, and when it is accepted as the offer itself, then the contract is valid.
In the given instance there is an alteration in the acceptance conditions as not same like offer. The offer price is $5,000 and that the acceptance price is $4,500.
Thus, there is no acceptance in this contract. Rather there is counter offer.
Answer:
This entry would be recorded by Young with a credit to <u>cash account</u> in the amount of <u>$1,020</u>.
Explanation:
The complete journal entry for June 29 should be
- Dr Notes Payable account 1000
- Dr Interest Expense account 20
- Cr Cash account 1020
The total interest due = $1,000 x 6% x 4/12 =$20
Notes payable is a liability account and it decreases, so it should be debited.
All expenses are debited.
Cash is an asset account and it decreases, so it should be credited.
Answer: The correct answer is B; <em>avoid unethical behavior regardless of the consequences. </em>
Explanation:
When a person uses unethical behavior and doesn't care about the consequences, the person can lose their job. They may also lose all credibility in their community. An employer can lose many things because of this behavior including morale, also credibility, and lose money. By avoiding this behavior, Ryland is doing the right thing even though he may make someone upset.
Answer:
Th answer is: D) Length of time the core competence has existed
Explanation:
Your competitive advantage will last as long as the competition can´t successfully imitate your strategies. No competitive advantage is eternal. At some point the competition will be able to overcome your competitive advantages either by imitation or by developing new products or services due to environmental changes. Companies must always develop additional competitive advantages so that they are ahead of their competition.
For example, in the future, electric cars will make cars with internal combustion engines obsolete. So no matter how good a BMW is right now, in the future if they can´t develop good electric cars they will go out of business.
Answer:
True
Explanation:
Home equity loan is a kind of loan in which a person borrows against the equity of his or her home, i.e the home is used as a collateral. The loan that can be gotten by the individual is dependent on the value of the home or residence and this value can only be determined by an appraiser from the institution providing the loan. In instances when the borrower is unable to repay the loan, the lending institution can foreclose on the home which has been used a collateral.
Home equity loan can be used to finance expenses like education bills, medical bills and so on.
Therefore, Veronica took a home equity loan to help finance her children's education.
