Builders Inc. and Concrete Supply Company enter into a contract for the sale of cement. Concrete delivers, but Builders does not pay. Concrete can recover as the purchase price plus incidental damages
What are the incidental damages?Generally, Consequential losses do not encompass distant or unexpected harm. Incidental damages are expenditures that were legitimately expended by a non-breaching party in conjunction with achieving cover (for example, expenses incurred in seeking substitute performance) or otherwise incident to the breach. These types of losses are not considered to be compensatory damages.
What are some instances of damages that are considered incidental?Incidental Damages
By the buyer in the event that the seller is in violation of the contract, including the expenses of inspection, transportation, care, custody, or disposal of rejected products; and costs connected with obtaining cover, such as the cost of sending the alternative goods...By the seller in the event that the buyer is in violation, including any fees spent as a result of the buyer's decision to cancel the delivery;Read more about incidental damages
https://brainly.com/question/23877647
#SPJ1
CQ
Builders Inc. and Concrete Supply Company enter into a contract for a sale of cement. Concrete delivers, but Builders does not pay. Concrete can recover as ________damages
Computer memory chips are the same everywhere in the world. This means they are Multiple Choice insensitive highly sensitive nonsense sensitive to the foreign environment.
Computer memory chips are the same everywhere in the world. This means they are highly sensitive. Option B
What are Computer memory chips?A memory chip is an integrated circuit with millions of transistors and capacitors that can be used to process code or store data. Memory chips can store data either permanently or temporarily using read-only memory (ROM) or random access memory (RAM) (ROM).
Microchips called RAM chips are utilized as RAM storage in computers and other electronic devices. This is the real chip that is soldered onto tiny circuit boards to produce RAM cards or sticks, and depending on the model and manufacturer, it has varying performance and capacity ratings.
As the fundamental building block for RAM cards and other applications, it is the most fundamental and essential component of memory.
Read more on Computer memory chips here: https://brainly.com/question/13531022
#SPJ1
a. in cell b23, enter a formula that subtracts the total profit of office supplies (cell b11) from the total profit of printing supplies (cell b19).
Put a formula in cell b23 that subtracts the overall profit from printing materials (cell b19) from the total profit from office supplies (cell b11) .
What is the formula for the preceding?Write =(B19-B11) in cell B23 after choosing it.
What do you mean by cells?The grid-like boxes you see in an Excel spreadsheet like this one are called cells. On a worksheet, each cell is identifiable by its reference, the column letter, and the row number that meet at the cell's location. It is cell D5 since it is in column D and row 5. In a cell reference, the column is always listed first. There are exactly 10,48,576 rows and 16,384 columns in Excel 2007 and later versions (2010, 2016, etc.).
To know more about columns visit:
https://brainly.com/question/29194379
#SPJ4
Determine the term/concept being described.
With no special record-keeping requirements or forms to file, an IRA can be an excellent vehicle for sheltering income from taxes.
a. Keogh plan
b. SEP plan
c. Individual retirement arrangement
d. Traditional IRA
e. Nondeductible IRA
f. Self-directed
g. Withdrawal
h. Rollover
i. A possible investment decision
Nondeductible IRAs are made up of any regular IRA contributions you make but do not claim as a tax deduction.
What are nondeductible IRAs?Individual retirement account (IRA) contributors who make nondeductible contributions use nondeductible IRAs (IRA). Each tax year that nondeductible contributions are made must be reported on a different form. An IRA's contributions are often tax-deductible from regular income. People who join in employment retirement plans, however, and whose households have modified adjusted gross incomes (MAGI) above a certain threshold, may occasionally not be eligible to make these deductible contributions, even though they are still eligible to make contributions to an IRA.
To know more about IRA visit: brainly.com/question/9969005
#SPJ4
one of the effects of gas prices rising from about $2 to about $4 per gallon was airlines ordering new, fuel-efficient aircraft. t/f
It is false that one of the effects of gas prices rising from about $2 to about $4 per gallon was airlines ordering new, fuel-efficient aircraft.
Some companies may be forced to reconsider their employment plans as a result of rising petrol prices, delaying because they are unsure about the state of the economy. Sales decline as a result of less discretionary expenditure, and this might affect a company's capacity to hire.
Quantity requested rises when the price declines. The Law of Demand is this. An inverse relationship is shown on a graph as a line that slopes downhill from left to right.
Americans who are already feeling the pinch from rising food, rent, and healthcare costs suffer from rising petrol prices.
A basic tenet of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply.
Know more about Law of Demand here:
https://brainly.com/question/10782448
#SPJ4
if inflation causes prices to rise but also income to rise, will optimal consumptions of quantities change?
based on expected income growth, the gap between a consumer who consumes smoothly and one who lives hand to mouth.
What does the consumption signify to a person?Definition. A bacterial illness known as consumption, or more frequently "tuberculosis," often attacks the lungs of such a patient and results in a chronic wet cough, breathing problems, a fever, exhaustion, and sweating. It also significantly reduces weight loss, a fact that its historical term, consumption, comes from.
What is an illustration of consumption?Although consumption can be characterized in a variety of ways, the final purchasing of items and services to individuals serves as the best definition. The cost of the new shoes, a cheeseburger at a fast food joint, or services like having your house clean, are examples of consumer goods.
To know more about consumption visit:
https://brainly.com/question/25411156
#SPJ4
The best answer that defines the meaning of interest is: Multiple Choice o The time it takes to pay back a loan. o A borrower's payment to the owner of an asset for its use. o The future value of a present amount. o Always considered a liability, o Always considered an asset.
The best answer that defines the meaning of interest is: The time it takes to pay back a loan. The future value of a present amount.
What is interest?Interest can be defined as the amount that a borrower is expected to pay with the principal amount that was loan to him /her. This interest can tend to be inform of rate or percentage.
A borrower may tend to have a low or high interest rate and this tend to depend on the terms and condition of the lender.
Therefore the correct option is A,C.
Learn more about interest here:https://brainly.com/question/2294792
#SPJ1
bottom-up planning should be used when the product/service mix is unstable and resource requirements vary greatly across the offerings. t/f
This statement is False. Bottom-up planning is used when there is a fixed product/service mix and resources can be allocated in a predictable manner. It is based on building up from the details and working backwards to the overall goals.
This type of planning works best when the situation is fairly stable and predictable. In contrast, top-down planning is more suitable when the product/service mix is unstable and resource requirements vary greatly. This type of planning works by starting with the overall goal and working down to the details. It is used when the situation is uncertain and unpredictable.
To know more about top down planning click here
https://brainly.com/question/20599127
#SPJ4
A project requires an investment of $40,000 in equipment. Annual cash flows of $8,000 are expected to occur for the next eight years. No salvage value is expected. The company uses the straight-line method of depreciation with no mid- year convention. Ignore income taxes. The accounting rate of return on the original investment for the project is O 7.50%. 16.00%. O 6.25%. O 20.00%.
The project's accounting rate of return on the initial investment is 7.50 percent.
What is accounting rate of return?The accounting rate of return (ARR) formula makes it simpler to determine the annual percentage rate of return for a project.ARR is equivalent to the average yearly profit divided by the initial investment.ARR indicates the estimated rate of return from each project and is frequently used when evaluating many projects.One of the problems with ARR is that it does not distinguish between investments that generate different types of cash flows during the course of the project, which is just one of its flaws.The yearly rate of return is not the same as the necessary rate of return (RRR), which is the minimum return an investor would accept for an investment or project and compensates them for a particular amount of risk (ARR).Hence, The project's accounting rate of return on the initial investment is 7.50 percent.
To learn more about accounting rate of return refer to;
https://brainly.com/question/21276152
#SPJ4
are defined as relationships that salespeople build with customers outside the organization and working environment.
External relationships are defined as relationships that salespeople build with customers outside the organization and working environment.
What are External relationships?Generally, A link that is primarily commercial in nature between a smaller company and another organization is what is referred to as an external relationship. Alliances and networks are two frequent forms of interactions with parties external to the organization.
It may be beneficial to your career and your knowledge base to cultivate contacts with people who work in other companies outside of your own.
The reputation of a good facilities manager is intimately tied to their interactions with individuals within their business, but it may also be strengthened by the relationships they have with people outside of their organization.
Connections that are built outside of a business and the working environment are known as external ties. Salespeople are responsible for cultivating these relationships.
Read more about External relationships
https://brainly.com/question/28390425
#SPJ1
When our brain process analyzes new situations based on past experiences that seem somehow similar to the new situations, occurs. a)causal ambiguity b)pattern recognition c)internal attribution d)social loafing
Pattern recognition occurs when our brain process analyzes new situations based on past experiences that seem somehow similar to the new situations. Thus option B is correct.
What is past experiences?Our lives up until this moment have been shaped by our prior experiences. There are both good and bad things happening. Those are both one-time events as well as the routine activities we engage with on a daily basis.
Pattern recognition happens when our cognitive process compares novel situations to earlier ones that have some resemblance to the current one. The automatic detection of regularity and patterns in information is known as pattern recognition. It has uses in deep learning, biochemistry, data compression.
Therefore, option B is the correct option.
Learn more about past experiences, Here:
https://brainly.com/question/14498789
#SPJ1
a registered nurse (rn) who passed their nclex-rn exam 5 months ago and is working in a rural emergency department (ed). their unit is short staffed, and their manager has determined that they are ready to progress to the charge nurse role, although they are relatively new to the nursing profession. today is the first time they have been in the charge nurse role. the nurse arrives on the unit at 6:30 am and places their belongings in their locker. they walk around the unit to see how things are going. soon, the night charge nurse signals to begin shift report. they go to the charge nurse office to receive report.
It is to be noted that given the above case, the element of the five rights of the delegation that is listed in the option is "task" (Option 2)
What are the five rights of Delegation?The Five Rights of Delegation are:
Right task:Right person: Right communication: Right supervision:Right conditions:The task being delegated is appropriate and within the scope of practice of the person receiving the delegation. The person receiving the delegation has the knowledge, skills, and abilities to safely and effectively perform the task. Clear and thorough communication is provided regarding the task, including any necessary instructions or guidelines.
The physical and environmental conditions are safe and conducive to the successful completion of the task. The person delegating the task ensures that appropriate supervision and support are in place for the person receiving the delegation.
Learn more about delegation:
https://brainly.com/question/10594256
#SPJ1
Full Question:
Delegation of Nursing Management RN Case Study A registered nurse (RN) who passed their NCLEX-RN exam 5 months ago and is working in a rural Emergency Department (ED).
Their unit is short-staffed, and their manager has determined that they are ready to progress to the charge nurse role, although they are relatively new to the nursing profession. Today is the first time they have been in the charge nurse role. The nurse arrives on the unit at 6:30 am and places their belongings in their locker. They walk around the unit to see how things are going.
Soon, the night charge nurse signals to begin shift reports. They go to the charge nurse's office to receive reports. As Alex considers the unit assignments and tasks for the day, he thinks about the evidence-based guidelines for delegation.
Which elements are part of the Five Rights of Delegation?
(Select all that apply.)
supervision task circumstances instructionsIn preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on the sale of equipment $ 14,200
Purchase of equipment 147,000
Proceeds from the sale of equipment 128,000
Repayment of outstanding bonds 88,000
Purchase of treasury stock 63,000
Issuance of common stock 97,000
Purchase of land 117,000
Increase in accounts receivable during the year 44,000
Decrease in accounts payable during the year 76,000
Payment of cash dividends 36,000
Net cash flows from investing activities for the year were:
$224,000 of net cash provided.
$136,000 of net cash used.
$136,000 of net cash provided.
$256,000 of net cash used.
$121,800 of net cash used.
According to the given company's statement of cash flows, the Net cash flows from investing activities for the year were $136,000 of net cash used. The correct option is (b).
What do you mean by the cash flow?Cash flow refers to the quantity of money that a business gets or transfers to its debtors in the form of cash or cash equivalent. The liquidity condition of the business is frequently studied using cash flow analysis.
Fundamentally, a company's capacity to produce positive cash flows, or more specifically, its capacity to optimize long-term free cash flow, determines its ability to create value for shareholders (FCF).
FCF is the cash a company generates from its regular business activities after deducting any funds used for capital expenditures (CapEx).
Here,
Cash flow from investing = - Purchase of equipment - Purchase of land + Proceeds from sale of equipment's
Cash flow from investing = - $ 147, 000 - $ 117,000 + $ 128,000
Cash flow from investing = - $ 136,000
Therefore, the company's statement of cash flows, the Net cash flows from investing activities for the year were $136,000 of net cash used.
To know more about the cash flow, visit:
https://brainly.com/question/28238360
#SPJ1
Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on Form 1099-DIV generally compute the amount of tax on their income using what?
Taxpayers whose only unearned income consists of qualified dividends and capital gain distributions reported to them on Form 1099-DIV generally compute the amount of tax on their income using the tax rates that apply to long-term capital gains and qualified dividends.
What are Taxpayers?Generally, These tax rates are generally lower than the tax rates that apply to ordinary income, such as wages and salaries.
To calculate the tax on qualified dividends and capital gain distributions, taxpayers should first determine their taxable income, which is their total income from all sources, minus any deductions and exemptions to which they are entitled.
They should then determine their tax liability by applying the appropriate tax rates to their taxable income. The tax rates that apply to qualified dividends and long-term capital gains are based on the taxpayer's income tax bracket, which is determined by the amount of taxable income they have.
Read more about Taxpayers
https://brainly.com/question/29664276
#SPJ1
The process by which companies acquire raw materials, components, products, services, and other resources from suppliers to execute their operations isA) procurement.B) sourcing.C) supplier scoring and assessment.D) supplier selection.
The process by which companies acquire raw materials, components, services product is by procurement Option A
What is Procurement?Procurement as describe in the question above is various activities undertaken by businesses to obtain raw materials goods and services to execute their operation. This various activities include getting the right quality, in the right quantity, at right time, at right the price and from the right source.
It is very important to get the quality material at a low cost at the right quantity at the right in order to meet up to customers demands. Also to stay competitive, business need to improve their internal process because customers settle for quality, availability and low cost.
in conclusion business need to get quality raw materials at right time at right source to meet up demands.
Learn more about procurement here /brainly.com/question/21011661
#SPJ1
using published financial statements for a publicly traded company and the excel template provided, you build a balance sheet and income statement
Sign in to Excel Online and open a blank spreadsheet. Identify financial statement assumptions and create transaction pages.
Produce an income statement summarizing monthly transactions. Enter the transactions into the profit and loss categories using the SUM formula. A financial statement is a record of a company's financial position and activities for a specific period of time.
Financial information can be found on the company's investor information website, where the Securities and Exchange Commission and other company reports are frequently filed. From 1993 to 1994, the SEC made its financial records available electronically and free of charge on its website. See corporate documentation.
Learn more about Financial statements here:- https://brainly.com/question/26240841
#SPJ4
the acquisition of rights to affiliate or directly associate with a product or event for the purpose of deriving benefits related to that affiliation or association.Sponsorship
the obtaining of affiliation or direct association rights with a thing or an occasion with the intention of reaping rewards from that association
Creating a range of ways to engage a target market with a brand is generally referred to as leveraging or bringing a brand to life.Activation is the process of using various tools to engage a target audience in order to leverage or "live" a brand.
Which of the following methods will a company employ to reach its clients with its products?Using the marketing mix in a marketing plan Merchandise, cost, location, and advertising The set of tactical marketing instruments that a business utilizes to elicit the desired response from its audience is known as the marketing mix.
To know more about associate visit:
https://brainly.com/question/15078496
#SPJ4
FILL IN THE BLANK when the is organization and its resources are focused on efforts that support the key objectives defined in the managers' strategic plan for the business, the organization is in _______
Let understand that Strategic planning is the approach used to for process of documenting and establishing the direction of the organisation goals and objectives.
What are the primary functions of business management? According to my research on Information Technology, I can say that based on the information provided within the question this means that the organization is in Alignment. This is basically when all sectors or categories within an organization are aligned and working in unison as a whole in order to solve a certain problem.When the IS organization and its resources are focused on efforts that support the key objectives defined in the managers' strategic plan for the business, the organization is in alignment.Gives direction and momentum: The plans gives an organization direction on how to operate.Encouragement of new ideas: The plans helps to encourage new ideas because the business new to expand.To learn more about strategic plan refer to:
https://brainly.com/question/4564918
#SPJ4
Darnell, Jacques, and Musashi are hunters who live next to a recreational wildlife game area that is open to hunting; in other words, anyone is free to use the recreational wildlife game area for hunting. Assume that these men are the only three hunters who hunt in this recreational wildlife game area and that the recreational wildlife game area is large enough for all three hunters to hunt intensively at the same time. Each year, the hunters choose independently how often to hunt; specifically, they choose whether to hunt intensively (that is, to set several traps and hunt long hours, which hurts the sustainability of the recreational wildlife game area if enough people do it) or to hunt nonintensively (which does not hurt the sustainability of the recreational wildlife game area). None of them has the ability to control how much the others hunt, and each hunter cares only about his own profitability and not about the state of the recreational wildlife game area. Assume that as long as no more than one hunter hunts intensively, there are enough animals to restock the recreational wildlife game area. However, if two or more hunt intensively, the recreational wildlife game area will become useless in the future. Of course, hunting intensively earns a hunter more money and greater profit because he can sell more animals. The recreational wildlife game area is an example of____because the animals in the recreational wildlife game area are____and____. Depending on whether Jacques and Musashi both choose to hunt either nonintensively or intensively, fill in Darnell's profit-maximizing response in the following table, given Jacques and Musashi's actions. Jacques and Musashi's Actions Hunt Nonintensively Hunt Intensively Darnell's Profit-Maximizing Response Which of the following solutions could ensure that the recreational wildlife game area is sustainable in the long run, assuming that the regulation is enforceable? Check all that apply. O Convert the recreational wildlife game area to private property, and allow the owner to sell hunting rights. O Develop a program that entices more hunters to move to the area. O Outlaw intensive hunting.
These options, outlawing intensive hunting, converting the recreational wildlife game area to private property, and allowing the owner to sell hunting rights, among others, could ensure that the wildlife game area is viable over the long term, assuming that the legislation is enforced. Hence, Options A and C are correct.
In contemporary times, hunting is generally done with firearms, however it is also possible to use a bow and arrow. Numerous animals were stronger and faster than the people hunting them, making it difficult to successfully take them down.
While decapitating an animal with a bladed weapon is successful and comparatively painless if can get close enough, the majority of current hunting tools are not designed to sever the spinal cord in a repeatable manner.
Animals that cannot fight themselves against bullets, traps, and other brutal killing tools are injured, tortured, and killed by hunters. Hunting ruins animal populations and habitats, leaving reliant and frightened young animals to starve to death.
Therefore, Options A and C are correct.
Learn more about hunting from here:
https://brainly.com/question/81175
#SPJ4
Venture Philanthropy Partners focuses on assisting low-income children and youth in Washington, D.C. It is an example of a(n) microlenderimpact-investment fund angel investor community fund
The mission of Venture Philanthropy Partners is to support underprivileged children and young people in Washington, D.C.
What is exemplified above?It is an illustration of a community fund.
What does the term "community fund" mean?Typically, a community foundation aids regionally focused nonprofit organisations. A community foundation is a type of public charity that mainly focuses on helping a specific region, primarily by coordinating and collecting donations for regional charities and addressing local issues. A developer who willingly donates a goodwill item is said to have provided a community benefit. In cases when development will have a long-term effect on local resources and the local environment, it is for the benefit of the communities affected by that development.
To know more about philanthropy visit:
https://brainly.com/question/9267420
#SPJ4
Niyati, a department manager, has noticed that her employees are experiencing too many stressors. To prevent burnout, which of the following organizational strategies should Niyati implement?Eliminate the employee assistance programs.Recommend a holistic wellness approach.Increase the number and variety of job demands.Provide close, authoritative supervision.
Niyati, a department manager, has noticed that her employees are experiencing too many stressors. To prevent burnout, Niyati should option b, recommending a holistic wellness approach.
Holistic wellness initiates a sense of support and value to employees on a professional and personal level. A holistic wellness approach by an employer will generate a resilient and focused workforce. This will increase productivity, success, and creativity in the workplace.
It helps in retaining the employees for a longer time as the working conditions and workplace environment is supportive of the employee's wellbeing while aiding their professional growth. Some of the ways employers have adapted to holistic wellness are childcare benefits, flexible schedules, mental health support, and medical facilities for employees.
Learn more about holistic wellness here https://brainly.com/question/1176923
#SPJ4
after graduating from college, jim had three choices, listed in order of preference: (1) move to florida from philadelphia, (2) work in a car dealership in philadelphia, or (3) play soccer for a minor league in philadelphia. his opportunity cost of moving to florida includes the benefits he could have received from playing soccer. the income he could have earned at the car dealership. both a and b. cannot be determined from the given information.
As Jim listed in order of preference. His opportunity cost of moving to Florida includes the income he could have earned at the car dealership. The Option B is correct.
What is an Opportunity cost?In economic, opportunity cost refers to value of what you lose when choosing between two or more options. Every choice has its trade-offs and opportunity cost is the potential benefits to miss out on by choosing one direction over another.
Here, we are given a ranking of Jim's preferences. As such, when he decides to move to FL, he does sacrifices the alternatives that require him to stay in Philly.
However, this opportunity cost stems from the value of his next best alternative, which as it is described in his ranking, is working in car dealership or more precisely the economic benefit he would have derived from that.
Read more about opportunity cost
brainly.com/question/1549591
#SPJ1
which of the following occurs when a person threatens not to perform a contract obligation unless the other party either signs another contract with the person making the threat or pays him or her a higher price than was specified in the original agreement? question 46 options: undue influence an arm's-length bargain due influence physical duress economic duress
Option b, economic duress occurs when a person threatens not to perform a contract obligation unless the other party either signs another contract with the person making the threat or pays him or her a higher price than was specified in the original agreement.
Economic duress refers to a situation when a party threatens to not follow the contract unless the other party involved in the contract accepts certain demands of the former. Economic duress can be claimed if the pressure created by the other party is unjustified and illegal. It can be claimed rightfully if the party has been forced to enter into a contract that it would have not entered otherwise.
Economic duress can be claimed by the party if they have not been left with a rightful choice or practical alternative but to accept the conditions. If one party threatens to not oblige with the contract signed and forces the other party to enter into a new contract with high price than the original contract, the innocent party can rightfully claim economic duress.
Complete options to the question are
a. Physical duress
b. Economic duress
c. Undue influence
d. Due influence
Learn more about economic duress here https://brainly.com/question/15227500
#SPJ4
Use the dividend growth model to determine the required rate of return for equity. Your firm has just paid a dividend
of $1.50 per share, has a recent price of $31.82 per share, and anticipates a growth rate in dividends of 4.00% per year for
the foreseeable future.
A)9.09%
B) 8.90%
C) 8.71%
D) There is not enough information to answer this question.
The needed rate of return for equities is calculated using the dividend growth model. For the foreseeable future, a dividend growth rate of 4.00% each year is 8.90%.
How does the dividend growth model strategy work?a strategy based on the belief that dividend growth will always be consistent. The stock's value is equal to the dividends for the following year divided by the discrepancy between the needed rate of return and the dividend growth rate that is expected to be constant.
How can you determine growth rate by hand?Growth rate = (Current value / Previous value) x 1/N - 1 is the formula. Add the current value to the previous value and subtract it: Subtract the prior value from the present value to obtain the difference between the two. The equation is Previous value - Current value = Difference.
To learn more about growth rate here:
https://brainly.com/question/18650705
#SPJ4
during a strike, the employer loses production unless it can hire replacement workers, and even then, productivity may be reduced. t/f
During a strike, the employer loses production unless it hires replacement workers, and productivity may be reduced. - True
During a strike, employees participating in the strike withdraw their labor to protest and seek to negotiate better working conditions, wages, or other issues with their employer. This can lead to a loss of production for the employer, as they do not have the usual workforce available to produce commodities.
If the employer decides to hire replacement workers during the strike, it may be able to continue some level of production. However, productivity may still be reduced due to the learning curve for the replacement workers, who may not have the same level of skills or experience as the striking employees. Additionally, the presence of replacement workers can often lead to tensions and conflicts within the workplace, which can further reduce productivity.
Read more about employers on:
https://brainly.com/question/29738193
#SPJ4
Beau borrows $15,000 from Credit Center to buy a car. The lender assigns the right to receive the loan payments to Debt Collections Inc. If Beau does not pay the debt, the assignee can
A. enforce the payment in court.
B. demand performance of the deal from any of the original parties.
C. extinguish the contract rights of the assignor.
D. none of the choices.
If Beau does not pay the debt, the assignee can enforce the payment in court.
What is debt?Debt is defined as an item, most often money, that has been borrowed. Many businesses and people use debt to finance major purchases that they otherwise could not afford. With the understanding that the money will need to be repaid at a later time, usually with interest, a debt arrangement permits the borrowing party to borrow funds.
Mortgages, auto loans, personal loans, and credit card debt are some of the most prevalent types of debt. According to the terms of the loan, the borrower must pay back the remaining amount by a specific date, usually several years down the road.
Learn more about debt
https://brainly.com/question/1957305
#SPJ1
A company's store was destroyed by a fire on February 10 of the current year. The only information for the current period that could be salvaged included the following: Beginning inventory. January 1: $34,000 Purchases to date. $118,000 Sales to date; $ 140,000 Historically, the company's gross profit ratio has been 30%. Estimate the value of the destroyed inventory using the gross profit method.
Deducting the cost of goods that have been sold from the cost of goods that are still in stock, one can compute the amount of inventory that has been destroyed.
What is the value of inventory destroyed by fire?All the items, materials, and products that a business has on hand and intends to sell to clients for a profit are collectively referred to as inventory. If the vendor uses a vehicle to deliver newspapers to customers, the newspaper will be the only thing that counts as inventory. We'll treat the car like a valuable possession.
After that, deduct the price of the products that are still up for sale from the price of the already sold items. How much inventory was destroyed by the fire will be shown in the total.
Multiplying the period's sales by (1 - anticipated gross profit%) will yield the estimated cost of goods sold. The estimated cost of goods sold is determined in step two. Determine the price of the goods that are for sale in step one.
Therefore, the correct answer is $54,000.
To learn more about inventory destroyed refer to:
https://brainly.com/question/16900349
#SPJ4
Which of the following is correct when using the effective-interest method of amortizing the discounton bonds payable?A. Interest expense is computed by adding the portion of amortized discount to the cash interest paid.B. The amount of interest expense recognized each period increases over time.
The one that is correct when using the effective-interest method of amortizing the discount on bonds payable is option B. The amount of interest expense recognized each period increases over time.
What is an effective-interest method of amortizing?The effective interest method is an accounting practice employed to discount a bond. This method is utilized for the sold bonds at a discount or premium. The amount of the bond discount or premium is amortized to interest expense over the bond's life.
The effective interest rate can be calculated by employing a simple formula which is r = (1 + i/n)^n - 1. In this formula, 'r' stands for the effective interest rate, 'i' depicts the stated interest rate, and 'n' stands for the number of compounding periods per year.
Therefore, the correct answer is as given above
learn more about effective-interest method: https://brainly.com/question/29740650
#SPJ1
In 2017, the United States imported the greatest amount of its crude oil and petroleum products from __________.
Venezuela
Canada
Russia
Saudi Arabia
Mexico
Iraq
The majority of the crude oil and petroleum products that the United States bought in 2017 came from Canada.
What are the top 5 countries that the US imports crude oil from?In 2021, the top five source nations for the United States' gross petroleum imports were Mexico, Canada, Russia, Saudi Arabia, and Colombia. Recall that the table's rankings are determined by gross imports by nation of origin. Due to independent data rounding, net import volumes in the table could not match gross imports minus exports.
Although the United States exports petroleum to 180 nations, Mexico and Canada are its two biggest export destinations. U.S. petroleum imports and exports have been significantly impacted by the recent rise in domestic oil output, particularly since 2010.
To know more about US imports, refer:
https://brainly.com/question/28249646
#SPJ4
As a general rule, low-income countries are concentrated in the Global South, while high-income countries are found in the Global North. Select one: True False.
The answer is true. Based on each country's Gross National Income, the World Bank assigns it economies certain income level. For low-income countries, the most recent categories (2022).
Vary from US$1045 or less to a maximum range of US$4096-US$12 695 for upper-middle-income countries. The phrase "Global South" is used to characterise nations with underdeveloped economies that struggle with issues including low per capita income, high unemployment, and a lack of valued capital. The cross-country studies show that globalisation has been accompanied by rising inequality within developing nations, which suggests that some of the gains in reducing poverty have been countered.
To learn more about income, click here.
https://brainly.com/question/14732695
#SPJ4
Business format franchises typically allow franchisees substantial flexibility in how they run their individual franchise units. T/F
It is true. Franchises with a business model often provide their owners a great deal of latitude in how they manage their particular franchise units.
A franchisee may own and manage a set number of stores in a given region under the terms of an area franchise agreement. Commercial Format The most recognizable type is franchising. In a business format franchise, the franchisor not only offers its trade name, goods, and services to the franchisee, but also a full system for running the business.
You will have total control over how your work-life balance as a franchisee. Because of this, franchising is the ideal flexible career. You will get corporate help when you require it, but you will also be free to manage your business on a daily basis without interference.
Franchisees that choose a business model have access to proprietary systems and procedures they would not otherwise be able to utilize, as well as the right to use the franchisor's name.
Know more about franchisee here:
https://brainly.com/question/14607845
#SPJ4
