Not necessarily, but the chances of you getting the position are seriously impeded, even for small mistakes.
Answer:
a. No, because Shelby made a mistake about the dog's value, not a mistake about a material fact.
Explanation:
Peggy made an offer to sell the dog for $800, they didn't discuss the dog's ancestry and Shelby wrongly assumed the dog was from champion lines and agreed to buy the dog for $800.
Based on further investigations, she discovered the dog was worth just $200.
She cannot rescind the contract because she wrongly assumed the dog's value not an error about à material fact. Peggy sold the dog at her own rates and Shelby bought the dog while wrongly assuming the value, so she cannot cancel the contract based on that.
Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to settle the vendor’s full payment after two months. Under "current liabilities"section of balance sheet this account will be recorded as "account payable".
Answer: Option (B) is correct
<u>Explanation:</u>
Raw material purchased on credit from a vendor is a liability and it is shown under current liabilities in "accounts payable". Since raw material purchased on credit and payment is to be made after two months.
Payment due gives rise to liability. Now current liability is a company's short term obligations that are to be paid back within a year. Here the firm will have to make payment within two months to the vendor.
Answer:
"$1,673,750" is the appropriate answer.
Explanation:
The given values in the question are:
Applied overhead,
= $666,250
Actual overhead,
= $650,000
Unadjusted cost,
= $1,690,000
Now,
The overapplied overhead will be:
=
=
= ($)
hence,
The goods sold's adjusted cost will be:
=
=
= ($)
Answer:
if they have not paid their bills on the home and "refuse to" they can lose the house or if they are "horders" and don't follow the rules set by law enforcement and clean their house in the designated time, the house will be taken away from the homeowners and be torn down