1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ycow [4]
2 years ago
5

On Monday, Harry puts an offer in the mail to Sally to sell his guitar for $50. Monday night when jamming with his buddies, he d

ecides he will really miss his old guitar and has second thoughts about selling it. Tuesday morning he puts a revocation in the mail informing Sally he has changed his mind and the guitar is no longer for sale. The revocation is effective on Tuesday morning.
a.True
b. False
Business
1 answer:
Citrus2011 [14]2 years ago
3 0
I’m pretty sure the answer is b. False because it usually takes 30 days. Sorry if I’m wrong
You might be interested in
Which accounting assumption or principle is being violated if a company is a party to major litigation that it may lose and deci
joja [24]
The accounting assumption is the full disclosure. For a business, the full disclosure rule requires an organization to give the important data with the goal that individuals who are acclimated to perusing monetary data can settle on educated choices concerning the organization. 
A disclosure is an extra data connected to an element's money related proclamations, normally as a clarification for exercises which have fundamentally affected the substance's monetary outcomes.
8 0
3 years ago
Which is most likely to result from a layoff of factory workers in a town?
Soloha48 [4]
<span>The most likely result from a layoff of factory workers in a town is that the unemployment rate will rise, at least temporarily. This is assuming the factory is in the US and all workers are full time. Other government services might also see an increase, such as food stamps, job training services, etc.</span>
7 0
3 years ago
A monopolist sells 6 units of a product per day at a unit price of $15. if it lowers price to $14, its total revenue increases b
grandymaker [24]
<span>A monopolist sells 6 units of a product per day at a unit price of $15. if it lowers price to $14, its total revenue increases by $22. this implies that its sales quantity increases by: 8 units. 

To solve for the original sales amount: (6 units)($15) = $90
Next find the new unit amount: (8 units)($14) = $112

The difference between these two is a $22 sales increase which means to have the difference in sales be $22 there were 8 units sold instead of 6 units. 

</span>
5 0
2 years ago
The following selected transactions were completed during July of the current year: July 1 Billed customers for fees earned, $72
mixer [17]

Answer:

a. Journal Entries:

July 1 Debit Accounts receivable, $72,960

Credit Fees Earned $72,960

To record fees earned.

July 4 Debit Supplies $1,900

Credit Accounts payable $1,900

To record supplies purchased on account.

July 8 Debit Cash $65,960

Credit Accounts receivable $65,960

To record cash received from customers on account.

July 11 Debit Accounts payable $840

Credit Cash $840

To record payment to creditors on account.

Cash

Date     Account Titles            Debit     Credit

July 8  Accounts receivable $65,960

July 11 Accounts payable                      $840

Supplies

Date     Account Titles            Debit     Credit

July 4   Accounts payable    $1,900

Accounts Receivable

Date     Account Titles            Debit     Credit

July 1   Fees Earned           $72,960

July 8  Cash                                      $65,960

Accounts Payable

Date     Account Titles            Debit     Credit

July 4   Supplies                                   $1,900

July 11   Cash                          $840

Fees Earned

Date     Account Titles            Debit     Credit

July 1    Accounts receivable            $72,960

c. If the unadjusted trial balance on July 31 shows a credit balance for Accounts Receivable, it means that an error has occurred, unless the cash received from customers on account exceeds the debit balance on the Accounts receivable.  This will mean that some customers paid in advance for services not yet rendered.  This credit balance needs to be transferred to the Deferred Revenue account.

Explanation:

a) Data and Calculations:

July 1 Accounts receivable, $72,960 Fees Earned $72,960

July 4 Supplies $1,900 Accounts payable $1,900

July 8 Cash $65,960 Accounts receivable $65,960

July 11 Accounts payable $840 Cash $840

3 0
2 years ago
Ever After Incorporated has common stock that is expected to grow at a rate of 15% over the next year. After this first year, it
dem82 [27]

Answer:

$66.99

Explanation:

The computation of value of the stock is shown below:-

= Dividend in year 1 ÷ (1 + required rate of return) + 1 ÷ (1 + required rate of return) × ((Dividend in year 1 × (1 + growth rate) ÷ (required rate of return - growth rate))

= ($2.33 × 1.15) ÷ 1.06 + 1 ÷ 1.06 × (($2.33 × 1.15 × 1.02) ÷ (0.06 - 0.02))

= $2.6795  ÷ 1.06 + 1 ÷ 1.06 × ($2.73309  ÷ 0.04)

= $2.527830189  + 0.943396226  × $68.32725

= $2.527830189  + 64.45966981

= $66.9875

or $66.99

Therefore for computing the value of stock we simply applied the above formula.

4 0
3 years ago
Other questions:
  • Eduardo goes to his mentor, Mateo, to get tips for improving his performance. Administrative While reviewing his goals for the y
    13·1 answer
  • "Melinda!" bellowed Torn to the company’s HR specialist, "I’ve got a problem, and you’ve got to solve it. I can’t get people in
    13·1 answer
  • After years of using a mass marketing strategy, Digital Print Shops has responded to new competition from national chain stores
    13·2 answers
  • A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
    11·1 answer
  • The time frame associated with a balance sheet is:
    14·1 answer
  • A municipal dealer quotes a 2 year, 8% term revenue bond at 106. The yield to maturity is:________
    15·1 answer
  • An adjusting entry was made on year-end December 31 to accrue salary expense of $2,200. Assuming the company does not prepare re
    11·1 answer
  • Newman Company has both a contingent gain and a contingent loss that it judges to be highly probable to result in future cash fl
    6·1 answer
  • Describe the events that occur in an efficient market in response to new information that causes the expected return to exceed t
    11·1 answer
  • What would be the best reason for the United States to provide military aid to another country? to protect an established allian
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!