greements they want to enter into concept of giving everyone the same legal rights concept that individuals should not have to pay anything to enter into a contract

Almost positive the would be concept that people may decide what agreements they want to enter into

Free contract is the concept that people may decide what agreements they want to enter into. A person has the right to determine whether or not they want to have an agreement with another person or company. There is no rule that states "X" must agree with "Y" or else. It"s simply whether or not that individual wants to agree on those terms or what they would like to change before they enter into an agreement or contract.

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Byron Books Inc. recently reported $6 million of net income. Its EBIT was $12.6 million, and its tax rate was 40%. What was its

is it true that in the music buisness people will pray satin over a contract before the artists sign it and will they sell their



If this is an actual question for an extremely religious school put yes. but this doesn"t actually happen.

I think that codes that are too detailed encourage employees to substitute rules for judgement. If they are too detailed, people tend to summarize what they do understand and fill in their own blanks where they do not understand. If codes are too much, judgement is skewed.

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A well-known financial writer argues that he can earn 148 percent per year buying wine by the case. Specifically, he assumes tha

EAR = 148%


calculating the EAR ( applying the formula for present value of annuity )

cost of case = 12 * 12 * ( 1 - 0.09 ) = 131.04

Pv = 131.04

cost per case = $12

no of weeks = 12 weeks

rate of the wine per ( IRR ) = IRR(57;56;55;;;;1)= 1.76319

rate of the wine per week = 1.76319%

therefore EAR = ( 1 + 0.0176319) ^52 - 1 = 148.15% ≈ 148%

Dinosaur Junior Corporation purchased a one-year insurance policy in January 2013 for $60,000. The insurance policy goes into ef

B. Net income and assets will be overstated by $40,000.


given data

purchased 1 year insurance policy = $60,000


we know that here policy have expired in

policy expired = 8 months

so here Expired insurance at year end as

Expired insurance at year end = $60,000 ×


Net income and assets overstated = $40,000

it is an expense and when not recognized then these both net income and assets will be overstated

so correct option is B. Net income and assets will be overstated by $40,000.

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9 months ago
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