HI EVERYONE HOW YALLL BEEN ON DA WEEKEND I SLEEPED XD

Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He is caught in a snowstorm a

jok3333 [9.3K]

Answer:

Case summary:

D is a college alum gets trapped in a blizzard on his way home. He was furnished with nourishment and haven by an old couple and he returned home once the climate was clear. D's dad F guaranteed the couple to pay $500 recorded as a hard copy for their assistance and the couple acknowledged. In any case, as D and F had contrasts later, F denied paying that sum.

Case investigation:

Thought: Consideration is the advantage or worth got by the gathering for satisfaction of their guarantee. On the off chance that there is no thought, the agreement isn't enforceable. Following are the components of thought:

Lawfully adequate worth: The thought ought to have some an incentive under the lawful arrangements.
Dealt trade: The thought ought to give the chance to deal between the gatherings. It implies one gathering should return something of significant worth to the next gathering for execution of that party.

For instance, an individual A guarantees B that he would pay $1,000 for driving him to chip away at that day. Here. An is paying $1,000 for B as an arrival for driving him to work (execution).

A guarantees him to give him a vehicle as he was graduated. It isn't thought since B didn't vow to perform anything. It is only a present for B from A.

Past Consideration: The guarantees which were made by a gathering for the presentation of activities in past by another gathering are unenforceable. As there is no anticipated trade component, it is no thought.

Right now, old couple gave haven to D. They neither guarantee D to give cover nor bartered that he ought to give them something to return.

F guaranteed them to pay $500 as a demonstration of thankfulness for their assistance yet it is a present for their assistance in past. In this way, it isn't past thought.

Consequently, the couple can't hold F at risk for making the installment for giving haven to his child.

8 0

3 years ago

If at a particular price level, real domestic output from producers is greater than real domestic output desired by purchasers,

Alexeev081 [22]

Answer:

B. Surplus and the price level will fall

Explanation:

If at a particular price level the real domestic output from producers is greater than real domestic output desired by purchasers it means that supply has outstripped demand and price has not changed.

If supply is greater than demand, there would be a surplus and prices would fall.

An increase in supply is shown by a rightward shift of the supply curve.

3 0

3 years ago

Cullumber Co. receives $343,800 when it issues a $343,800, 10%, mortgage note payable to finance the construction of a building

Katyanochek1 [597]

Answer:

See the journal entries below.

Explanation:

The journal entries will look as follows:

Date Description Debit ($) Credit ($)

31 Dec 20 Cash 343,800

Mortgage note payable 343,800

(To record the issue of mortgage note.)

31 Dec 21 Interest expense (w.1) 34,380

Mortgage note payable (w.2) 22,920

Cash 57,300

(To record the first annual installment on Mortgage note.)

31 Dec 22 Interest expense (w.4) 32,088

Mortgage note payable (w.5) 25,212

Cash 57,300

(To record the second annual installment on Mortgage note.)

Workings:

w.1. Interest expense on December 31, 2021 = Mortgage loan amount * Interest rate = $343,800 * 10% = $34,380

w.2. Principal paid on December 31, 2021 = Annual installment payments - Interest expense on December 31, 2021 = $57,300 - $34,380 = $22,920

w.3 Mortgage loan balance on December 31, 2021 = Mortgage loan amount - Principal paid on December 31, 2021 = $343,800 - $22,920 = $320,880

w.4. Interest expense on December 31, 2022 = Mortgage loan balance on December 31, 2021 * Interest rate = $320,880 * 10% = $32,088

w.5. Principal paid on December 31, 2022 = Annual installment payments - Interest expense on December 31, 2022 = $57,300 - $32,088 = $25,212

6 0

3 years ago

Expansion of the money supply during a recession, according to the keynesians, will?

baherus [9]

According to the Keynesian approach an increase in the money supply increases real GDP by lowering interest rates which increases investment.

The Keynesian theory implied that during a recession inflationary pressures are low, but when the level of output is at or even pushing beyond potential gross domestic product, or GDP, the economy is at greater risk for inflation.

Keynesians do believe in an indirect link between the money supply and real GDP. They believe that expansionary monetary policy increases the supply of loanable funds available through the banking system, causing interest rates to fall.

Learn more about Keynesian here

brainly.com/question/1171653

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3 0

1 year ago

During 2019, Stephie worked full-time while her spouse, Tom, attended college for 8 months during the year. The couple has two c

lisabon 2012 [21]

The credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

<h3>What is the credit for child and dependent care expenses?</h3>

The credit for child and dependent care expenses claimable on the federal income tax return is $3,000 per child for 2019.

For two qualifying children, the maximum credit for child and dependent care expenses that the couple who are filing jointly can claim is $6,000 ($3,000 x 2).

Thus, the credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

Learn more about the credit for child and dependent care expenses at brainly.com/question/15025351

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3 0

2 years ago