Answer:
Sam’s Home Store can enforce the contract against Restore Construction Company
Explanation:
In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.
Further Explanation:
When an organization wants to reach its goals, it has to come up with strategies. No matter how big or small the organization is, it requires writing reports and business messages in order to understand its readers and analyze the audience receiving the message. With direct strategy approach, the main idea or purpose of the message comes at the top of the document while the indirect strategy approach conveys the conclusions and recommendations at the end of the message or report. It is the audience’s reaction conveyed through the messages that we are going to anticipate for. Direct strategy is used more when readers are supportive and eager to have results displayed to them first while indirect strategy is used more when readers need to be educated and persuaded.
Answer:
Following are the journal entries recorded;
November 12
Debt: Cash Dividend = $45,000
Credit: Dividend Payable = $45,000
Declaration of Cash Dividend is recorded
November 20
No Entry is recorded
December 01
Debt: Dividend Payable = $45,000
Credit: Cash = $45,000
Cash Dividend Payment recorded
The significance of date November 20 is to record the dividend date, the organization regulates the eligibility of the shareholder to collect the dividend
The measure used to report price changes at the wholesale level is the <u>"Producer Price Index (PPI)".</u>
The producer price index (PPI) is a group of indexes that estimates the normal change in offering costs gotten by household makers of merchandise and enterprises after some time. The PPI estimates value changes from the point of view of the seller and varies from the buyer value record (CPI), which estimates value changes from the buyer's viewpoint. The PPI thinks about three regions of generation: industry-based, product based and item based last interest transitional interest. It was known as the discount value file, or WPI, until 1978.
Answer:
Skippers Landing should allocate the transaction price of $65,000 to the performance obligations as follows:
Boat = $60,000/$70,000 x $65,000 = $55,714
Mooring facilities = $10,000/$70,000 x $65,000 = $9,286
Explanation:
To apply "IFRS 15 Revenue from Contracts with Customers," Skipper Landing will allocate the transaction price to each performance obligation for each boat and mooring facilities sold based on the proportion of the relative stand-alone selling prices of each boat and mooring facilities sold to the customer in the transaction.
