Genovese Contracting, Inc, agrees to build a warehouse for Hawthorne Wholesale Distributors. When Genovese runs into the types of difficulties that contractors ordinarily confront, Hawthorne agrees to pay extra compensation to overcome them. Regarding the agreement to pay more, a court would likely
a. enforce it.
b. rescind it.
c. order the parties to renegotiate it.
d. not enforce it.
d
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The asset account, Supplies, has a balance of $700 on January 1 . During January, the company purchased $16,000 of supplies on account and the liability was appropriately recorded. A count of supplies at the end of January indicates a balance of $900 . Which one of the following is a correct amount to be reported on the company's financial statements for the month ending January 31?
a. Supplies Expense—$15,800 b. Supplies on Hand—$700 c. Accounts Payable—$15,800 d. Supplies Expense—$16,700
NAFTA is an international trade agreement between the United States
A. Canada, and Mexico. B. and Brazil. C. China, and Japan. D. and Great Britain. E. India, and China.
The beneficiary of a life insurance policy is not subject to any policy restrictions that had been agreed to between the insured and the insurance company.?
Indicate whether the statement is true or false
A company has sales revenue of $222,000, cost of goods sold $95,000, operating expenses of $44,000, and other expenses of $9,000. The company's net income is:
A) $51,000. B) $74,000. C) $83,000. D) $118,000.