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1 year ago

Which piece of information in the sales contract does not help the parties specify exactly which property is being purchased?

1 answer:

5 0

The contract piece of information in the sales contract does not help the parties specify exactly which property is being purchased.

As explained above, the sales contract should include buyer and seller information, legal description of the property, closing date, down payment amount, contingencies, and other important information about the sale. The essential elements of a sales contract are: (b) identify the subject; (c) prize money or its equivalent;

As a general rule, the full sales contract clause should state that the written contract constitutes the entire agreement between the parties. The clause must also state that the contract supersedes any previous agreements between the parties.

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The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets

Mnenie [13.5K]

Answer:

7.3%; 12.17%; 0.6 times; 15.95%

Explanation:

Return on assets:

= Net Income ÷ Average total assets

= ($65,700 ÷ $900,000) × 100

= 7.3%

Profit Margin:

= Net Income ÷ Net Sales

= ($65,700 ÷ $540,000) × 100

= 12.17%

Asset Turnover:

= Net Sales ÷ Average Total Assets

= $540,000 ÷ $900,000

= 0.6 times

Return on Equity:

= Net Income before dividend ÷ Equity

= [($65,700 + $30,000) ÷ $600,000] × 100

= ($95,700 ÷ $600,000] × 100

= 15.95%

8 0

3 years ago

As you get older, a Target Date Fund will adjust by…

makkiz [27]

Answer:

The correct answer is letter "B": Decreasing your stocks and increasing your bonds.

Explanation:

Target-date funds are pools of assets employees with a 401(k) retirement account can access. Target-date funds consider stocks as riskier assets than bonds, thus, more stocks than bonds are included in the fund of the employee at first. However, as soon as the date when the employee is to retire approaches, the fund automatically lowers the number of stocks in the employee's account to include more bonds, which are safer securities.

7 0

3 years ago

Has a government monopoly in home mail delivery, but several private companies, such as fedex, ups, and dhl, compete with:____.

Katena32 [7]

Has a government monopoly in home mail delivery, but several private companies, such as FedEx, ups, and DHL, compete with USPS.

The government affords public offerings just like the railways. subsequently, they are a monopolist due to the fact new companions or privately held groups aren't allowed to run railways. but, the fee of the tickets is affordable so most people can use public shipping.

The government affords public offerings like the railways. hence, they're a monopolist because new companions or privately held businesses are not allowed to run railways. however, the fee for the tickets is cheap so most people can use public shipping.

As a result, absolutely is certainly one of the biggest monopolies in present the global. The enterprise, in reality, monopolizes several other different markets within the globe.

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5 0

1 year ago

The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing pro

borishaifa [10]

Answer:

a. The Weeks of supply is 5.67 week

b. The Inventory turns is 9.167

Explanation:

a. In order to calculate the weeks of supply we would have to use the following formula:

Weeks of Supply = Average Aggregate Inventory Value/Weekly Sales

Average Aggregate Inventory Value = Raw Materials + WIP + Finished Goods = $2,470,000+ $1,566,000 + $1,200,000 = 5,236,000

Sales Per Week = COGS/52 weeks per year = $48,000,000/52 = $923,076

Weeks of Supply = Average Aggregate Inventory Value/Weekly Sales = $5,236,000/$923,076 = 5.67 or 5.7 week

b Inventory Turnover = Annual Sales/Average Aggregate Inventory Value = 48000000/5236000 = 9.167 or 9.17

4 0

3 years ago

he following information was taken from the 2018 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2018 $

Volgvan

Answer:

$770,000

Explanation:

Purchase = Ending inventory +Cost of goods sold- Beginning inventory Purchased

= $240,000+$800,000-$180,000= $860,000

Cash paid to suppliers = Beginning AP+ Purchased -Ending AP Cash Payments

= $150,000+$860,000-$240,000 =

$770,000

Therefore the amount that Jenny Gardner should report as cash payments to suppliers is $770,000

4 0

2 years ago