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kaheart [24]
1 year ago
11

at the marriage of her daughter, lorna is given papers to sign, which the catering company says are the invoices for the food, s

ervice, and decorations. underneath the invoices is a contract of sale obligating lorna to buy the failing catering company for a price equal to ten times the value of the company. lorna signs all the papers including the contract of sale, thinking all the documents are invoices for the wedding.
Business
1 answer:
vampirchik [111]1 year ago
7 0

The wedding ceremony planner invoice is a consignment that details a service price and provides an amount of time in which price should be sent.

This invoice is given to consumers after formally asking for the planner's knowledge regarding wedding ceremony preparation.

<h3>What is consignment with example?</h3>

An consignment is an itemized commercial file that records the products or offerings delivered to the customer, the complete quantity due, and the favored payment method. The vendor can send both paper or electronic invoices to the customer.

<h3>Does invoice suggest paid?</h3>

An bill is a demand for price (delivered both electronically or physically) that is sent with the aid of the vendor after the sale of goods/services has been completed, however earlier than price has been made. In essence, invoices are used to make certain that your business receives paid.

Learn more about invoices for the wedding. here:

<h3>brainly.com/question/24086159</h3><h3>#SPJ4</h3>
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A customer, age 45, invests $100,000 in a variable annuity contract. It imposes an 8% charge if the contract is surrendered with
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Answer:

the client should wait 10 more years until the contract is worth $180,000 since he will earn a slightly higher interest rate

Explanation:

we must determine the effective interest earned by the client if he accepts the company's proposal:

future value = present value x (1 + r)ⁿ

121,000 = 100,000 x (1 + r)⁵

(1 + r)⁵ = 121,000 / 100,000 = 1.21

⁵√(1 + r)⁵ = ⁵√1.21

1 + r = 1.0389

r = 0.0389 = 3.89%

if the client waits 10 more years until he is able to annuitize the account, he should earn:

180,000 = 100,000 x (1 + r)¹⁵

(1 + r)¹⁵ = 180,000 / 100,000 = 1.80

¹⁵√(1 + r)¹⁵ = ¹⁵√1.80

1 + r = 1.03996

r = 0.03996 = 4%

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3 years ago
Which economic policy was most successful during the Great Depression? A. raising taxes B. bilateral trade pacts C. establishing
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The following balances were taken from the books of Splish Corp. on December 31, 2017.Interest revenue $87,550 Accumulated depre
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Answer:

Sales revenue                        1,381,550

Sales discounts                        (46,550)

Sales returns and allowances (151,550)

net sales                                   1,183,450

Cost of goods sold                <u>  (622,550)  </u>

gross profit                               560,900

Admin and general expenses  (98,550)

Selling expenses                      (195,550)

Operating Income:                    266.800‬

Non-operating income:

Interest revenue  87,550

Interest expense (61,550)

Loss from earthquake

damage                (151,550)

non-operating loss                   (125,550)

Income before taxes                  141.250‬

income tax expense (34%)         (48,025)

Net income                                   93,225‬

Explanation:

First, we calcualte net sales,

then the gross profit.

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Answer and Explanation:

a. The computation of the total estimated direct labor cost is shown below:

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Multiply  Direct labor hour per unit 0.25 0.25 0.25 0.25 0.25

Total Direct labor hour required 2675 2425 2925 3175 11200

Multiply  Direct labor rate per hour $14 $14 $14 $14 $14

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b.  The total estimated manufacturing cost and the cash disbursement is shown below:

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Units to be produced 10,700 9,700 11,700 12,700 44,800

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Multiply Total Direct labor hour required 2675 2425 2925 3175 11200

Variable manufacturing overhead rate $2 $2 $2 $2 $2

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Add: Fixed manufacturing overhead $67,000 $67,000 $67,000 $67,000 $268,000

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Less: depreciation $16,000 $16,000 $16,000 $16,000 $64,000

Cash disbursement for manufacturing overhead $56,350 $55,850 $56,850 $57,350 $226,400

We simply applied the above format to find out the manufacturing overhead, cash disbursement, and the direct labor cost

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