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3 years ago

Arbitration places a dispute before a third party for a binding settlement. true or false

Business

1 answer:

kenny6666 [7]3 years ago

4 0

<em />It is true that arbitration places a dispute before a third party for a binding settlement.

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Answer each of the following questions from the standpoint of each of the three theories of justice. Each question should have t

Vlada [557]

Answer:

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5 0

3 years ago

5. How does the critical path differ from the main project plan? (1 point)

Savatey [412]

Answer: Critical path allows teams to identify the most important tasks in a project. This provides a higher level of insight into your project's timeline and a correlation between tasks, giving you more understanding about which task durations you can modify, and which must stay the same.

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4 years ago

The agreed cost of an item to be purchased by a business on credit is 4000. The applicable cost will be debited to advertising e

Free_Kalibri [48]

Answer:

$4,400

Explanation:

For calculation of amount that will be credited to Accounts Payable first we need to find out the GST and PST which is shown below:-

Goods and services tax GST = Goods and services percentage × Purchase cost

= 5% × $4,000

= $200

Provisional sales tax PST = Provisional sales tax percentage × Purchase cost

= 5% × $4,000

= $200

Amount that will be credited to accounts payable = Purchase cost + Goods and services tax GST + Provisional sales tax PST

= $4,000 + $200 + $200

= $4,400

Therefore for computing the amount that will be credited to accounts payable we simply added all the taxes value with the purchase cost.

6 0

3 years ago

Profit is only a liability for the business. Can you justify this?

lara31 [8.8K]

Answer:

A growing company may not be earning any profits yet, but may nevertheless provide a great investment opportunity.

Other times, a lack of profitability can be a huge red flag that something is wrong with the firm.

Explanation:

3 0

3 years ago

On September 1, Home Store sells a mower (that costs $240) for $540 cash with a one-year warranty that covers parts. Warranty ex

Fudgin [204]

Answer:

Cash $540 (debit)

Cost of Goods Sold $240 (debit)

Sales Revenue $540 (debit)

Inventory $240 (credit)

Warranty Provision $38 (debit)

Direct Materials $38 (credit)

Explanation:

September 1 entries to record the cost and sale of the mower are :

Cash $540 (debit)

Cost of Goods Sold $240 (debit)

Sales Revenue $540 (debit)

Inventory $240 (credit)

The Warranty Expenses is recorded as :

Warranty Expense $32.40 (debit)

Warranty Provision $32.40 (credit)

Warranty = $540 × 6% = $32.40

When the mower is brought i for repairs, the amount of Provision is used as follows :

Warranty Provision $38 (debit)

Direct Materials $38 (credit)

3 0

4 years ago