Answer:
Yes, a contract exists. Yasmin made a valid offer to Bert, and Bert accepted the offer before he was notified that it was revoked. In order for a revocation to be valid, the offeree (Bert) must be notified about it. If the offeree has accepted the offer before he/she is notified about the revocation, the acceptance is valid and the revocation is not valid.
Software documents very important information
Answer:
b. $21,000
Explanation:
The accounting treatment for uncollectable accounts under allowance method is: Bad debts expense Debit and Allowance for doubtful accounts credit.
In the Question carried forward balance of Allowance for Doubtful accounts is $7,000 and the current year's allowance for doubtful accounts in total is $28,000.
So the amount for of bad debts expense for the period would be:
<h3>$28,000 - $7,000 = $21,000</h3>
Answer: D
If the employer pays the health/medical insurance, accidents then such benefits are not subjected as taxable income. Even the amount appear in W-2 report, it is not considered as income.
However, only If the employer use insurance plan that pays the premium by employers direct payment or employers' own fund. Otherwise the reimbursements can be taxable.
Answer:
excess supply
Explanation:
If price is higher than equilibrium price, quantity demanded would fall while quantity supplied would increase. This is in line with the law of demand and supply
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
This accounts for why the supply curve is positively sloped.