What are the requirements that are needed in England and France for an enforceable contract to protect business interests?
Q: Journalize the following transactions for Stillwater Spa Consultants: Oct. 1 Sold services for…
A:
Q: Which of the following statements best describes the income tax expense recognised in an entity’s…
A: Solution: Correct answer is = (a) The income tax related to the accounting profit (pre-tax) for the…
Q: The accountant of a bank has identified the number of hours spent resolving customer complaints as…
A: The high-low method of cost estimation takes the difference between the highest and lowest range of…
Q: A and B agreed that they will receive annual salaries of P60,000 each. Bonus shall be given to A of…
A: Distribution of profit in partnership firm :— 1] Profit/Loss of the firm is distributed between the…
Q: Ipana Oy is a brewing company that was founded in 2011 and focuses on specialty beers. The company…
A: A measure called "profit before tax" examines a company's earnings before it is required to pay…
Q: Using the additional information given below, prepare the appropriate monthly adjusting entries at…
A: Adjusting Entries Are Recorded At The End Of The Accounting Period To Change The Balances Of General…
Q: AUDIT TASK Make sure that the cash balance per bank shown on the bank reconciliation is verified by…
A: the relevant assertions and audit evidence for each audit task are given below
Q: The local parkland is owned and maintained by the local government council. Questions : Is the…
A: An asset can be defined as any resource that is owned or controlled by an entity and has the…
Q: Calculate the weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) September…
A: Weighted Average Cost: The average cost technique determines the cost of inventory items by dividing…
Q: Question 9 Accounting provides much information to help managers make economic decisions in their…
A: Decision-making- is one of the crucial processes of management which involves critical thinking on…
Q: George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots.…
A: Total etching cost comprises of total variable cost and total fixed cost. Variable cost per unit is…
Q: pany set up a petty cash fund for payments of small amounts. The following transactions invo ccurred…
A: Petty cash fund is that fund which is established for small petty expenses in the business. Imprest…
Q: J candles provided the following information for its three types of candles: Type of Contribution…
A: Break Even Point :— It is the point of production at which total cost is equal to total revenue. At…
Q: Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands)…
A: Free cash flow (FCF) is a financial metric that represents the amount of cash generated by a…
Q: In 2022, Carson is claimed as a dependent on his parents' tax return. His parents report taxable…
A: Individuals, companies, and corporations earn income through revenue streams. Each country has its…
Q: 4. Xu Company began business on January 1, 20X1. During 20X1 the firm made the following purchases:…
A: Cost of goods sold=Total cost of goods available for sale-Ending inventory
Q: The current period statement of cash flows includes the following: Cash balance at the beginning of…
A: A cash flow statement is a type of financial statement that shows how much money comes in and goes…
Q: Define and give examples of the following: • Loan application • Break-even analysis • Pro-forma…
A: Loan Application: A loan application is a formal request made by an individual or business entity to…
Q: Debbie's Dog Care cash account shows a $10,000 debit balance and its bank statement shows $12,500 on…
A: Bank reconciliation statement is the one which is prepared by the entity to reconcile the errors…
Q: A, B, and C agreed that A will receive 10% of profit and each partner receive 6% interest on average…
A: >Partnership Income (Loss) is allocated based on the partnership agreement. >The Net…
Q: Current Attempt in Progress Coronado Corporation has outstanding 2,200 $1,000 bonds, each…
A: Bonds are financial instruments which are issued to raise funds for organisation in consideration of…
Q: The following statements have been made in relation to activity-based costing: 1. A cost driver is a…
A: The correct answer is D. Both statements 1 and 2 are true
Q: C2: The current period statement of cash flows includes the following: Cash balance at the beginning…
A: Cash flows statement is one of the financial statement being used in business. It shows all cash…
Q: Below is the ledger of XYZ Company Account Titles Accounts Receivable Accumulated depreciation -…
A: Answer:- 1. Net assets = Total assets - Total liabilities 2. Total liabilities = Total non-current…
Q: In 2-3 paragraphs complete the following: Define gain contingency. Describe the accounting…
A: In accounting, uncertain events are situations that have an uncertain outcome, and their impact on…
Q: A small business owner is experiencing cash flow problems and is unsure of how to address the issue.…
A: Cash flow refers to the amount of money that flows in and out of a business over a certain period of…
Q: In a liquidation proceeding, if the proceeds on the realization of an asset exceed the lien against…
A: In a liquidation proceeding, the proceeds on the realization of an asset are first used to satisfy…
Q: Why does a decrease in receivable turnover create the need for cash from operating activities?
A: Operating activities are the day-to-day business activities that a company engages in to generate…
Q: on december 31, 2020, bones corporation sold an old machine, the terms of the sale were as follows:…
A: Annuity: The fixed amount paid or received in equal time periods is referred to as annuity.
Q: Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter…
A: In accounting, budgeting refers to the process of creating a financial plan for a specific period,…
Q: The data shown were obtained from the financial records of Italian Exports, Inc., for March:…
A: The income statement is prepared to record the revenues and expenses of the current period. The net…
Q: On January, 2023 Meribel Ltd. had 192,000 common shares issued and outstanding. During 2023 the…
A: The earnings per share is calculated as net income available to shareholders divided by average…
Q: A baseball stadium can hold a maximum of 55,000 spectators. Before the gates open, there are only…
A: Accounting principles refer to the set of rules, guidelines, and standards that are used to prepare…
Q: Discuss the roles of accounting theory.
A: Accounting is defined as work carried out by the bookkeeper or an accountant in which the business…
Q: unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit…
A: A trial balance is a statement which is prepared by the business organizations so as to conform the…
Q: alculate the financial ratios of Spinneys in 2022 and 2021. 2- Analyze the change between the…
A: Current ratio refers to the one of the financial ratio which is computed in order to evaluate the…
Q: Which of the following statements is TRUE? O A. Variable costs per unit decrease as production…
A: Total Variable cost are the cost which changes with change in production volume . Fixed cost do not…
Q: Selena Company applies overhead based on direct labor hours and has the ollowing available for…
A: As per the Honor code of Bartleby we are bound to given the answer of first three sub part only,…
Q: Question 4 A 90-day note issued on 2 August matures on: 1 November. O 2 November. None of the listed…
A: The issued date is the date when note is prepared and it becomes due for payment by the creditor.…
Q: Question Two: D'Lite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are…
A: T-Account :— It is journal ledger account in which transactions are posted after passing journal…
Q: Why Balancesheet is important for the organisation?
A: In simple terms, a balance sheet is like a "financial photograph" of a company's health and…
Q: Required information SB Exercise 6-16 through Exercise 6-17 (Algo) [The following information…
A: The contribution margin is calculated as excess of sales revenue over the total variable costs. The…
Q: The primary objective of management accounting is O A. to provide management with information useful…
A: The primary objective of management accounting is to provide management with information useful for…
Q: A recent path in the financial disclosure literature has aimed at uncovering information in the…
A: Textual analysis methods can be useful for uncovering information helpful in financial analysis from…
Q: Assuming all other things are the same, selling price per unit must have even point. Select one: O…
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: What is the issue price of the bonds in the following situation. Classic Corporation issues $300,000…
A: Lets understand the basics. Bonds can be issued at either, (A) Par value (B) Discount value (C)…
Q: The ABC Corporation has three employees who each earn $2,000 each per month. Calculate the payroll…
A: Payroll is the detailed record of the payment to be made to the employees, it includes the working…
Q: GardenRite Ltd manufactures wheelbarrows with a selling price of £100 per wheelbarrow. Budgeted…
A: Answer:- Marginal costing:- The term" marginal cost" describes the rise in manufacturing expenses…
Q: You are the purchasing agent for THE BRICK. You have acquired a great deal from a US supplier who…
A: Variable Freight Costs and Charges (VFCC): These are the costs associated with the transportation of…
Q: BDG Company manufactures two products (X and Y). The overhead costs (£100,000) have been divided…
A: ACTIVITY BASED COSTING Activity Based Costing is a Powerful tool for measuring performance.…
What are the requirements that are needed in England and France for an enforceable contract to protect business interests?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The law that specifically prohibits payments to foreign officials in order to attain business is known as ____________________________. FCPA AICPA SOX IFRSWhat it a foreign trade zone, and what advantages does it offer U.S. companies?What is the difference between grease payment and bribery? Is grease payment legal per FCPA and per the law of all other countries?
- If a foreign corporation has to qualify to do business in a specific state, all of the following except which of these is required?What is the difference between an Offer for a unilateral contract and an Offer for a bilateral contract? Why might that difference be important to understand?what does it mean by " How secure are documentary payment terms" in international trade?
- What is the Dormant Commerce Clause ? a. An affirmative constitutional grant to states to regulate interstate commerce, even if federal law preempts their laws b. A prohibition on states regulating commerce when it would be detrimental to the national economy c. A federal law that gives states new powers to regulate interstate commerce d. A constitutional provision that requires states to get each other's permission on certain regulationsSelect the true statement about the Convention on Contracts for the International Sale of Goods (CISG). a.) Parties to a contract may mutually agree to follow the CISG rather than the Uniform Commercial Code (UCC). b.) The Convention is consistent with the Uniform Commercial Code (UCC) in every way. c.) The Convention is only applicable to countries in the Western Hemisphere. d.) The United States has not formally adopted the CISG.Interstate reciprocal agreements a. are developed to avoid paying SUTA. b. will not allow an employer who has employees that are transferred from one state to another to have wages credited in new state. c. are fashioned to preclude an employer from having to pay into multiple states. d. are designed to maximize benefits for employees in the case of unemployment.