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BartSMP [9]
2 years ago
13

Houston repeatedly promised his daughter, Allyson, that he would pay one-half of the costs for Allyson to attend a private, hist

orically African-American college or university. Relying on this promise, Allyson applied to and was accepted into Clark Atlanta University. Houston reiterated this promise after Allyson’s acceptance and specifically agreed to pay one-half of the costs of her tuition, room, board, books, and other expenses at Clark (less certain scholarship, work study, and grant monies). Allyson relied on this reiterated promise and, forgoing opportunities to apply to and enroll in other colleges or universities of significantly less cost, enrolled in Clark. Houston nevertheless refused to honor his commitment. Allyson sued her father alleging promissory estoppel. Did she have a good promissory estoppels claim?
Business
1 answer:
notsponge [240]2 years ago
8 0
It is 1 3/4 because I know it
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Squirrel Co. operates in a lean manufacturing environment. For June production, Squirrel purchased 6,000 units of raw materials
valina [46]

Answer:

At the time of purchase of raw material inventory,

Raw material inventory account will debit and accounts payable account will credit.

Therefore, the Journal entry for this transaction is as follows:

Raw Materials Inventory Account    Dr. $36,000

To Accounts Payable                                           $36,000

(To record the purchase of raw material on account)

Workings:

Raw material Inventory = Units of raw material purchased × Price per unit

                                       = 6,000 × $6

                                       = $36,000

3 0
1 year ago
DRIP programs:
Stella [2.4K]

Answer:

B

Explanation:

3 0
1 year ago
STU Corporation has $3 million in earnings on $20 million in sales and has 1 million shares outstanding. Earnings per share of c
Vesna [10]

Answer:

$36

Explanation:

Computation for comparable firm 1

Price earning = Share price / Earning per share

= $50 / 5 = $10

Computation for comparable firm 2

Price earning = Share price / Earning per share

= $28 / 2 = $14

Average price earning = (Price earning of firm 1 + Price earning of firm 2) / 2

= ($10 + $14) / 2

= $12

Computation of stock price For STU

Stock price = Average price earning × Earning per share of STU

STU = 12 × ($3 million / $1 million) = $36

5 0
1 year ago
On July 1, 2018, Fred City ordered $1,500 of office supplies.They were to be paid for out of the general fund. Entry under:
mel-nik [20]

Answer:

A) Dr. Encumbrances – Office supplies              No entry

Cr. Encumbrances outstanding

Explanation:

The journal entry is given below;

For Governmental fund financial statements

Encumbrances-Office Supplies $1,500  

      To Encumbrances Outstanding $1,500

(Being Office Supplies ordered  is recorded)

For Government-wide financial statements

No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise

Therefore the option a is correct

6 0
1 year ago
How can inequality or discrimination hurt an economy's ability to maximize its human capital?
inessss [21]
Well, if people are discriminated against and feel they are not equal to some other classes in their own society, they obviously will not be happy which will have an impact on their jobs and careers. If they are not happy, they will not give their full potential at their jobs, which will ultimately lead to less and less income for the company.
That's what I think, at least. :)
3 0
1 year ago
Read 2 more answers
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