Wrong deck. penny hires jackson to paint the back deck on her house. she agrees to pay him $200 for the job and he accepts, sight unseen. they enter into the agreement on tuesday, and he is to paint the deck on saturday. when jackson arrives, neither penny nor her neighbor is at home. he mistakenly paints the neighbor's deck. penny calls him the next day and asks him why he did not paint her deck. he informs her that he did paint the deck. it is then realized that he mistakenly painted the neighbor's deck. penny tells him not to worry because the neighbor will be required to pay him. jackson says that if the neighbor does not pay, he expects all of his funds from penny. what was the status of the agreement between jackson and penny as of tuesday when they agreed upon the price for the job?

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

What is credit and debit in accounting

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)