Round 23,748.3753 to the nearest hundredths.

Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2

Andrei [34K]

1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.

6 0

2 years ago

The following data were gathered to use in reconciling the bank account of Reddan Company: Balance per bank $25,750 Balance per

stiv31 [10]

Answer:

Adjusted balance per bank reconciliation $ 24,295

Explanation:

Computation of adjusted balance per bank reconciliation

Balance per bank statement $ 25,750

Add: Deposits in transit $ 2,300

Less: Outstanding checks <u>$ ( 3,755)</u>

Adjusted balance per bank statement $ 24,295

Balance per cash book $ 19,140

Less: Bank Service Charges $ ( 45)

Add: Note collected by bank <u> $ 5,200</u>

Adjusted balance per cash book $ 24,295

The deposits in transit and the outstanding checks have not been incorporated in the bank statement so adjusted to the bank statement balance

The bank service charges and the direct collection by the bank of the note receivable have not been incorporated in the cash book hence adjusted.

6 0

2 years ago

Stone and brick are substitutes in home construction. consider the market for bricks depicted below. suppose the price of stone

sp2606 [1]

Answer: Price of bricks will increase

Explanation: Since Stone and bricks are substitutes to each other, a rise in the price of stone due to the new regulation will lead to a rise in the demand for bricks. Since bricks are now relatively cheaper as compared to stones after the price rise, people will use more bricks than stones. This will shift the demand for bricks to the right driving upwards the price for bricks and also increase the quantity of bricks being sold in the market.

8 0

2 years ago

Read 2 more answers

Restore Construction Company enters into a contract to remodel Sam’s Home Store, agreeing to use only products from United Build

BlackZzzverrR [31]

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.

6 0

2 years ago

Hunt Company purchased factory equipment with an invoice price of $90,000. Other costs incurred were freight costs, $1,100; inst

saul85 [17]

Answer:

Acquisition cost of the Equipment = $94,000

Double declining depreciation rate = 25%

Explanation:

a. The computation of the acquisition cost of the equipment is shown below:-

Acquisition cost of the Equipment = Invoice cost + Freight costs + Installation wiring and foundation + Material and labor costs used in testing

= $90,000 + $1,100 + $2,200 + $700

= $94,000

b. The computation of double declining depreciation rate is here below:-

Double declining depreciation rate = 1 ÷ Depreciation life × Times

= 1 ÷ 8 × 2

= 0.125 × 2

= 0.25

or

= 25%

8 0

2 years ago

Round 23,748.3753 to the nearest hundredths.​

Round 23,748.3753 to the nearest hundredths.