Answer:
the discount rate should be 10%
Explanation:
The computation of the discount rate should be given below:
The Amount of discount is is
= $50,000 - $48,750
= $ 1,250
The $1,250 should be for 90 days.
So for 360 days, it should be
= $1,250 × 4
= $5,000.
And, the discount rate is
= $5,000 ÷ 50,000 × 100
= 10%
Hence, the discount rate should be 10%
Answer:
The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"
Explanation:
However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.
Answer:
can return the bracelet and get her money back
Explanation:
Minors have a restriction on the products that they can. To purchase these products they must have consent of their parent or guardian.
An identity card is required to determine the age of the buyer to avoid wrong sales to minors.
Items prohibited from sale to minors include: alcohol, tobacco, petrol, offensive weapons, intoxicating substances, and expensive jewelry.
So in this scenario since due diligence was not carried out by the store to check Heather's age on purchase, she can return the diamond bracelet and get back her money.
This was an illegal sale.
Answer:
The material wealth of society is determined by the economy's productive capacity, which is a function of the economy's real assets.
Explanation:
Production capacity or <em>productive capacity</em> is the maximum level of activity that can be achieved with a given productive structure. The study of capacity is essential for business management in that it allows analyzing the degree of use made of each of the resources in the organization and thus have the opportunity to improve them.
<em>Real assets</em> are physical assets that have value due to their substance and properties. Real assets include precious metals, raw materials, real estate, agricultural land, machinery and oil. They are appropriate for inclusion in more diversified portfolios due to their relatively low correlation with financial assets such as stocks and bonds.
Answer:
D
Explanation:
Substancial performance is a terminology used in contract law. It actually means the degree of performance of a contract work which is not completely or fully finished,but is so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract. The owner has a right to recover whatever damages he has incurred by reason of the contractor's failure to render full and complete performance.
Building Restoration must have at least substantially performed the it's side of a bargain before they can call on the CasualDining,Inc to perform the their side of the bargain e.g. by paying an agreed amount. What actually constitute substantial performance depends on the circumstances.
