What are the things john has to consider in given matter

Assignment Help Accounting Basics
Reference no: EM131204661

James lives in Maryland but works in Virginia. John lives in Virginia but works in Maryland. John believes he has been taken advantage of by Jim in a business dealing. John has paid Jim a down payment to paint his house in Virginia.

Jim promised to start as soon as he could. John has waited for three months and nothing has happened. John has called Jim and asked him when he will start the job. Jim replied, "I will start as soon as I can." Although this is clearly a contract dispute, a number of other issues are raised by this particular case. John has come to you and asked you for advice. Using the materials that you have read, what are the things John has to consider in this matter with Jim. Be creative.

Reference no: EM131204661

Questions Cloud

What is the latest date on which wanda can replace : To minimize her tax liability, which of these alternatives should Wanda choose? -What is the latest date on which Wanda can replace the involuntarily converted property to qualify for § 1033?
How would you decide how much to increase the fee : You are a Senate committee staff person charged with analyzing the impact of a proposed substantial increase in grazing fees on federal lands, with the proceeds to be used for erosion control and animal health services for owners of livestock. Eva..
Provide an overview of the toxicity of silver : Purpose - Provide an overview of the toxicity of silver (Ag). Toxicology associated with the contaminant. Discussion should include biotransformation and mechanisms of harm, including but not limited to absorption, distribution, accumulation & stor..
Personal definition of the spirit of capitalism : What is your personal definition of The Spirit of Capitalism? What religion is most popular in governments with free capitalism?
What are the things john has to consider in given matter : Using the materials that you have read, what are the things John has to consider in this matter with Jim. Be creative.
Audit committee structure : Turley & Zaman argue that originally the audit committee structure was non mandatory and just was used by a small number of organizations.
Complete each set of financial statements : Complete each set of financial statements by determining the amounts that correspond to the letters. - ACCoUnting ConneCtion ? In what order is it necessary to prepare the financial statements and why?
Describe how the information reform is presented : Review one U.S. Congressional web site and describe how the information related to current health care reform (The Affordable Care Act) is presented.
Media relations for that organization : Identify by name the director of PR/Media Relations for that organization. Provide contact information (phone, email, etc.) for the person identified in item number 2.

Reviews

Write a Review

Accounting Basics Questions & Answers

  During dec western solvent completed 30000 units end of dec

during dec western solvent completed 30000 units. end of dec there were 10000 units in ending work in process that were

  Gain or income recognizing the exchanges

What gain or income do Sara and Jane recognize on the exchanges? What is Wren corporation's basis in the property transferred by Sara and Jane? How does wren treat the value of the services Jane renders?

  When sample company prepared their operating budget for

when sample company prepared their operating budget for 2013 they estimated that theyd have 100000 hours of direct

  Find out the amount of depreciation expense

Determine the amount of depreciation expense for the years ended December 31, 2009, 2010, 2011, and 2012, by (a) the straight-line method, (b) the units-of-production method, and (c) the double-declining-balance method. Also determine the total de..

  Tried and true costing methods

What type of situations may be more appropriate for application ofthe sume of the "tried and true" costing methods of the 20th century? are these industry or firm specific?

  Prepare journal entries to record the events of october

Prepare journal entries to record the events of October.

  For the equipment that was sold determine its original cost

during the period teens trends sold some excess equipment at a loss. the following information was collected from the

  What would be the total amount of assets

What would be the total amount of assets (related to the note receivable) reported on Miles balance sheet dated December 31, 2014? (Points : 2) $4,000 $4,133 $4,320 $4,187

  Amortization deduction for the year of purchase

Sam pays $10,000 for the business's goodwill and another $10,000 for the seller's covenant not to compete for the next five years. Compute Sam's amortization deduction for the year of purchase.

  Determine the maximum price you would pay for a share

Determine the maximum price you would pay for a share of common stock in Roscovis if you have the following investment constraints: Maximum Price/Earnings Ratio 15X Maximum Multiple of Book Value 3X

  Hairology companys perpetual inventory records

Hairology Company's perpetual inventory records indicate that $120,500 of merchandise should be on hand on April 30, 2010.

  Analysis of the country viability

The second part of the research paper emphasizes your recommendations based upon your analysis of the country's viability as an opportunity for export / import activities from the U.S. perspective from Assignment 1.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd