Business, 15.11.2019 22:31, ineedhelp2285

Lauren wants to open a floral shop in a downtown business district. she doesn't have funds enough to purchase inventory and pay six months' rent up front. lauren approaches a good friend, jamie, to discuss the possibility of jamie investing funds and becoming a 25% partner in the business. after a lengthy discussion, jamie agrees to invest. eight months later, jamie discovered that lauren has not been honest with her regarding some aspects of the business financial operation. in order for jamie to sue lauren for fraud, all the following must be true except
a) jamie's decision to invest was primarily based on lauren's assertion that she had
prior floral retail experience.
b) jamie has suffered a substantial loss in her investment because of lauren's
deception.
c) jamie trusted and relied on lauren's representation of the business financial
operation.
d) jamie found lauren dishonest because she does not always reconcil the business cash account on a timely basis.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:30, AM28

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Answers: 1

continue

Business, 22.06.2019 22:40, shunna33

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?

Answers: 1

continue

Business, 23.06.2019 03:00, laywah4

The following information is needed to reconcile the cash balance for gourmet catering services.* a deposit of $5,600 is in transit.* outstanding checks total $1,000.* the book balance is $6,400 at february 28, 2019.* the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent.* the bank balance at february 28, 2019 was $17,410.* a deposit of $400 was credited by the bank for $4,000.* a customer's check for $3,300 was returned for nonsufficient funds.* the bank service charge is $90.what was the adjusted book balance?

Answers: 1

continue

Business, 23.06.2019 06:30, janeou17xn

Afinance company wants to upgrade its accounting software to a higher version. this version change requires a change in data formats. which method represents a change in data formats?

Answers: 1

continue

Do you know the correct answer?

Lauren wants to open a floral shop in a downtown business district. she doesn't have funds enough to...