Answer:
4: not enforce it.
Explanation:
It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.
Answer:
During the period was collected $1.150
Explanation:
To calculate the total amount collected must be considered the initial balance of the Accounts Receivable then add the goods sold on account and finally must be deducted the final balance of the Accounts Receivable, that difference is the total amount collected in the period by the company.
Please see details bellow:
$380 Initial account balance
$1400 goods sold
($1.150) Collected Amount
$630 ending balance
Answer and Explanation:
The journal entry is shown below:
Cash $8,200
To Notes receivable $8,000
To Interest revenue ($8,000 × 10% × 90 days ÷ 360 days) $200
(being the collection of notes is recorded)
For recording this we debited the cash as it increased the asset and credited the notes receivable and interest revenue as it decreased the assets and increased the revenue
A) Accounting profits dont take implicit costs into account, only "real" or quantifiable costs.
Thus the present value of a 120,000 lease at 5% for three years with explicit costs of $40,000 maintenance is:
PV = [ FV/(1+r)^n ] - (Explicit Cost)
PV = 120000/(1.05^3) - (40000*3)
B) same thing but add implicit costs ...
PV = 120000/(1.05^3) - (40000*3) - (55000*3)
