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Iteru [2.4K]
2 years ago
12

Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enf

orceable if Blanche
Business
1 answer:
WARRIOR [948]2 years ago
7 0

Answer:

ratifies it

Explanation:

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Oriole Tire Co. just paid an annual dividend of $1.70 on its common shares. If Oriole is expected to increase its annual dividen
Butoxors [25]

Answer:

Cost of common stock is 12.02%

Explanation:

The cost of common stock can be computed from share price formula given below:

share price=do*(1+g)/r-g

do is the dividend just paid which is $1.70

g is the expected dividend growth per year which is 3.10%

r is the cost of common stock which is unknown

share price is $19.65

by changing the subject of the formula:

r=do*(1+g)/share price+g

r=1.70*(1+3.10%)/19.65+3.10%

r=1.7527/19.65+3.10%

r=0.0892+3.10%=12.02%

The company's cost of capital which is also the cost of common stock is 12.02%

4 0
2 years ago
In two to three sentences, describe how making minimum payments on credit card balances increases the total cost.
rjkz [21]

Answer:

If you only make the minimum payment on your credit card, it could take years to pay off the balance. you could end up spending hundreds, in interest by the time the balance is required.

Explanation:

3 0
3 years ago
Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31 , the accounting
inysia [295]

Average Cost

Cost of average cost = cost of goods available for sale/ No. of units available for sale

114060/(400+300+460)

= $3.5

Cost of goods sold average cost =no. of units sold * average cost

= 860*3.5

= $3010

Ending inventory average cost =no. of units in ending inventory* average

(1160-860)*3.5

= $1050

FIFO

Cost of goods sold as per FIFO =no. of units sold * cost as per FIFO

(400*3)+(300*3.4)+(160*4)

= $2860.

The average cost is the unit cost of production obtained by dividing total cost (TC) by total production (Q). The unit cost of production means that all fixed and variable costs are considered when calculating the average cost. Hence, it is also called the total cost per unit.

Learn more about average Costs here brainly.com/question/27819027

#SPJ4

8 0
1 year ago
Suppose that germany decides to become self-sufficient in bananas and even to export them. in order to accomplish this, large ta
Vinvika [58]

Germany does not have a comparative advantage, which is the ability to do something better or more efficiently that someone else. Even though they are producing bananas, the industry is artificially supported by the tax incentives and not because Germany is an amazing banana-growing location.

The consequences for the economy are lost opportunity costs that could be producing things where they <em>do </em>have a comparative advantage (cars, for example). Another consequence is that the tax money could be better spent on other things.

8 0
2 years ago
In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
ale4655 [162]

Answer:

c. $215,000

Explanation:

The computation of the amount charged to income is shown below:

But before that first we have to determine the book value as on Jan 2024 which is

Total patent cost

= $200,000 + $50,000

= $250,000

Amortized cost till year 2024 is

= ($250,000 ÷ 10 years) × 3 years

= $75,000

The three years is counted from 2021 to 2024

Now

Book value on Jan 2024 is

= $250,000 - $75,000

= $175,000

So,

Amount charged to income  is

= $175,000 + $40,000

= $215,000

6 0
2 years ago
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