Answer:
The answer is: C) There is a valid contract
Explanation:
According to Appellate Court ruling in Steinberg v. Chicago Medical School;
The two parties (Joe and Sate University) entered a valid contract agreement upon receiving the $100 dollar application fee from Joe. State University´s catalog is considered to be the Offer part of this contract and the $100 application fee is considered the Consideration part of the contract.
Answer:
d. Deductible compensation expense must be considered reasonable under the facts and circumstances of the employment.
Explanation:
Elon Musks collected billions of dollars due to the excellent performance of Tesla's stocks. The compensation awarded to the CEO, CFO and maximum three other executives must be reasonable. Performance based compensation is not limited in an amount, instead they are limited on the number of people that receive them.
Answer:
<em>The answer is $700,000</em>
Explanation:
<em>From the example given, we find the tax basis will each take in their respective BSJ stock</em>
<em>Contributions done partner wise (All values in $)</em>
<em>Partner Contribution Tax Share in Stock % of Tax Base Tax base in stock</em>
<em>Name Base</em>
<em>Brad 450000 100000 45% 17% 120689.7</em>
<em>Scott 100000 350000 45% 60% 422413.8</em>
<em>Jake 150000 130000 10% 22% 156896.6</em>
<em> 700000 580000 100% 700000</em>
<em>Therefore, The Total Assets contributed will be equivalent to stock of BSJ issued = $ 700,000</em>
Answer:
The answer is: 10 Snickers bars and 20 cans of Coke.
Explanation:
To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>
Answer: Percentage change OCF = 27.96%.
Explanation:
Given that,
Output level = 59,000 units
Degree of operating leverage = 3.3
Output rises to 64,000 units,
Degree of Leverage = 
Percentage change OCF = Degree of Leverage × Percentage change in Quantity
= 
= 27.96%
