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Bogdan [553]
3 years ago
7

The code that forty-nine states have adopted to interpret and enforce contract law is the _____.

Business
2 answers:
horsena [70]3 years ago
5 0

Answer:

Uniform Commercial Code

Explanation:

grin007 [14]3 years ago
3 0
<span>The code that forty-nine states have adopted to interpret and enforce contract law is the "Uniform Commercial Code".


</span>The Uniform Commercial Code was published in 1952 and it contains many uniform acts. The nine articles of the UCC is an arrangement of laws overseeing the offer of products, leases of merchandise, debatable instruments, bank stores, support exchanges, letters of credit, mass deals, distribution center receipts, bills of replenishing, investment securities and secured exchanges. As the national economy developed at the turn of the twentieth century, a need to direct business exchanges consistently became important. With the reception of the UCC, organizations and in addition people are secured.
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A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.
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A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.

The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.

Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.

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What information is the buyer entitled to?
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notbuiseness

Explanation:

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3 years ago
Suppose an economy has two industries producing corn (c) and tractor (t). The production functions for the two industries are.
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3 years ago
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15. Rick Barr Inc. is considering a new product line that has expected sales of $500,000 per year for each of the next 5 years.
ozzi

Answer: A.) $250,900

Explanation:

Given the following ;

Working Capital = $10,000

Salvage value = $80,000

Cost of equipment = 800,000

Tax rate = 35%

Number of useful years = 5 years

The formula for cash flow is = EBIT * (1 - tax rate) + Depreciation + Salvage Value + Working Capital released

Depreciation = (cost - Salvage value) ÷ Number of useful years

Depreciation = $(800,000 - 80,000)/5

Depreciation = $720,000÷5 = $144,000

EBIT = Sales - Variable costs - Fixed costs - Depreciation

EBIT = $500,000 - $230,000 - $100,000 - $144,000

EBIT = $26,000

Cash flow = $26,000(1 - 0.35) +$144,000 + $80,000 + $10,000

Cashflow = $250,900

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3 years ago
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