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Marrrta [24]
2 years ago
15

Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after tomorrow to exchange the cash for the le

sson. These parties have ___________.
A. a bilateral contract.
B. a trilateral contract.
C. a unilateral contract.
D. no contract.
Business
1 answer:
irga5000 [103]2 years ago
5 0

Answer:

A. a bilateral contract

Explanation:

Based on the information provided within the question it can be said that these parties seem to have a bilateral contract with each other. This type of contract refers to an agreement between two separate parties where both agree to all the requirements set forth on each side of the contract. Which in this case Clay pays $50 to Eula and in exchange Eula agrees to give Clay a golf lesson.

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At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $191,500 and in Allowance for Doub
REY [17]

Answer:

total sales should be recorded as follows:

Dr Accounts receivables 733,600

    Cr Sales revenue  733,600

collections should be recorded as follows:

Dr Cash 767,780

    Cr Accounts receivable 767,780

to record the write off:

Dr Allowance for uncollectible accounts 7,149

    Cr Accounts receivable 7,149

the two entries needed to record the collection of previous write offs:

Dr Accounts receivables 2,957

    Cr Allowance for uncollectible accounts 2,957

Dr Cash 2,957

    Cr Accounts receivable 2,957

to record estimated bad debt expense for the year:

Dr Bad debt expense 19,742

    Cr Allowance for uncollectible accounts 19,742

7 0
2 years ago
Your Insurance company bills you $687.89 every 6 months for your premium payments. You decide to pay per month.
eimsori [14]

Answer:

$114.65

Explanation:

If you divide $687.89 by 6 months you'll get $114.64833333333333333 but if you simply you'll get 114.65 and you'll only pay $0.11 over.

3 0
2 years ago
Oil Wells offers 5.65 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in
FinnZ [79.3K]

Answer:

option (d) $929.42

Explanation:

Data provided in the question:

Coupon bonds payments = 5.65% semiannual

Yield to maturity, r = 6.94% = 0.0694

Face value = $1000

Now,

Coupon bond payments = \frac{5.65\%}{2} × $1,000

= $28.25

market price per bond = Payment × \frac{(1-\frac{1}{(1+\frac{r}{2})^{2n}})}{\frac{r}{2}} + \frac{\textup{face value}}{(1+\frac{r}{2})^{2n}}

Here,

n is the maturity period and 2n is due to the semiannual payments

Thus,

market price per bond = $28.25 × \frac{(1-\frac{1}{(1+\frac{0.0694}{2})^{2\times7}})}{\frac{0.0694}{2}} + \frac{\textup{1,000}}{(1+\frac{0.0694}{2})^{2\times7}}

= $28.25 × 10.942 + 620.3

= $929.42

Hence,

The answer is option (d) $929.42

7 0
2 years ago
Read 2 more answers
Nolan is applying for a promotion within his company. the ________ state that the qualified candidate must have a four-year coll
balandron [24]

The correct answer is job specifications. Job specifications is being defined as a statement in regards of the essential components of the job class by which it includes the summary of the work that are to be performed, responsibilities, minimum qualifications, and as well as the primary duties.

3 0
2 years ago
Briefly describe the​ trade-offs involved in the following decision.​ Specifically, what are the opportunity costs associated wi
vekshin1

Answer:

D. All of the above.

Explanation:

In economics, opportunity cost is the alternative forgone. For example, if two goods X and Y with prices $2 and $3 respectively are compared and an individual chooses to buy X instead of Y, the opportunity cost is the good Y itself that is forgone and not $3 which the price of Y.

Opportunity cost can also be seen as benefits an individual forgo in order to choose an alternative over another.

Therefore, individual pair comparison of each of the following statements opportunity cost to Frank's decision to reduce his weight:

A. His opportunity cost is the alternative uses of time spent exercising.

B. His opportunity cost is the forgone satisfaction of consuming foods that are not part of his diet plan.

C. Assuming exercise is not leisure comma he trades consumption of current leisure for future health.

I wish you the best.

4 0
2 years ago
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