Answer:B. She is entitled to recover the damages if she can show that Roland agreed to pay such damages in his contract with her.
Explanation:
The non payment of the N500 installment by Roland constitute a breach of the sales contract, However an evidence of a commitment to be liable for additional cost that will be incurred will make it possible for Selina to recover the damages.
Answer:
$235,000
Explanation:
Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.
Revenue is also recognized in the period earned and not necessarily when cash is collected.
Total revenue in 2018 = $200,000 + $150,000
= $350,000
Net income is the difference between the revenue and expense
Net income in 2018 = $350,000 - $115,000
= $235,000
Answer:
c. Closing date
Explanation:
No advertisement is accepted for the next edition after the Closing Date. For an ad to run after this date, the publisher has to issue written permission. Cancellations are also not accepted after this date. Unless otherwise agreed, clients are expected to make full payments for the ad by the end of the closing date.
The on-sale date is the day the issue is expected at the newsstand for customers to buy.
Answer:
$44,580
Explanation:
Given that ;
Purchased price = $29,900
Closing costs = $2,650
Cost of removing old building = $12,030
The amount that should be recorded as the cost of the land
= Purchased price + Closing costs + Cost of removing the old building
= $29,900 + $2,650 + $12,030
= $44,580
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
A) An investment project provides cash inflows of $660 per year for eight years. The initial cost is $1,825
660*2= 1,320
Rest= 1,825- 1,320= 505
Pay-back period= 2 years + (505/660)= 2.77 years
B) What is the project payback period if the initial cost is $3,550
Pay-back period= 5 years + (250/660)= 5.38 years
C) if the initial cost is $5,400
Pay-back period= 8 years + (120/660)= 8.18 years