Dad and 21 year old son make a contract. Son is a smoker and Dad is disturbed by this fact. Dad promises to Son if he can quit smoking for one year, Dad will pay Son $5,000. Son quits smoking and does not smoke for whole year. When the Son inquires about the $5,000, Dad says “Son, I got you to quit smoking, this is worth much more that $5,000, therefore, I won’t pay you that $5,000.” Could son take Dad to court and sue for the contractual obligation? What issues relating to the consideration of the subject matter of the contract are raised here?

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

The adjusted trial balance for china tea company at december 31, 2018, is presented below: