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1 year ago

In the outpsider case, if cade tells the buyer, pat bennett, he has another offer of $550k, what should pat say?

Business

1 answer:

Novay_Z [31]1 year ago

4 0

pat should say I take that offer

<h3>What is offer?</h3>

The operation of offer and acceptance is a conventional technique in contract law since they are usually recognized as necessary elements for the establishment of a contract. The offer and acceptance formula, which was created in the nineteenth century, indicates a formation moment when the parties are of one mind.

An offer is made when a person shows his readiness to do or refrain from doing something to another person and obtains their approval to do so. The individual who makes the offer is referred to as the "Offerer" or "Promiser," and the person to whom the offer is made is referred to as the "Offeree" or "Promisee."

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Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o

Gre4nikov [31]

<u>Solution and Explanation:</u>

1 Breakeven point = Fixed cost/contribution per unit

$480000+360000 /(57-43)$ = 60000 Units

2. a

year 1 year 2 year 3

unit product cost 41 41 41

Direct material 25

Direct Labour 12

Variable manufactoring overhead 4

Variable costing unit product cost 41

2. b <u> Variable expenses</u>

Variable cost of goods sold 24,60,000 30,75,000 16,40,000

Variable selling and administrative 1,20,000 1,50,000 80,000

Total variable expenses 25,80,000 32,25,000 17,20,000

Contributon margin 8,40,000 -3,75,000 19,85,000

Fixed expenses

Fixed manufactoring overhead 4,80,000 4,80,000 4,80,000

Fixed selling and administrative 3,60,000 3,60,000 3,60,000

Total Fixed Expenses 8,40,000 8,40,000 8,40,000

Net operating income -12,15,000 11,45,000 Note Year 1 year 2 year 3

Unit sold 60000 50000 65000

Unit price 57 57 57 Sales 3420000 2850000 3705000

Variable cost of goods sold

Unit 60000 75000 40000

Unit cost 41 41 41

Total 2460000 3075000 1640000 Variable selling and administrative

Unit 60000 75000 40000

Unit cost 2 2 2 Total 120000 150000 80000

a unit product cost year 1 year 2 year 3

Direct material 25 25 25

Direct Labour 12 12 12

Variable manufactoring overhead 4 4 4

Fixed manufactoring over head 8 6.4 12

Variable costing unit product cost 49 47.4 53

Note

Fixed manufactoring over head

480000 divided by 60000 8.00

480000 divided by75000 6.40

480000 divided by 40000 12.00

<u>b Hass company</u>

Absorbtion costing income statement

Year 1 year 2 year 3

Sales 34,20,000 28,50,000 37,05,000 Cost of goods sold 29,40,000 23,70,000 33,05,000 Gross margin 4,80,000 4,80,000 4,00,000 selling and admin exp 4,80,000 4,60,000 4,90,000 Net operating income - 20,000 -90,000 Note

Cost of goods sold

Year 1 60000 multiply with 49 = 2940000

Year 2 50000 multiply with47.4= 2370000

Year 3 $25000 * 47.4+40000 * 53$ = 3305000

selling and administrative expenses

Year 1 $60000 * 2+360000$ = 480000

Year 2 $50000 * 2+360000$ = 460000

Year 3 $65000 * 2+360000$ = 490000

4 0

3 years ago

What is the difference between a shortage and scarcity?.

klio [65]

Explanation:

shortage is when a particular thing is present for use but not up to what the person needs.

scarcity is when a thing or object ceased to be used or non availability of a particular thing for a particular period of time.

7 0

2 years ago

What are the differences between flexibility and compromise

marin [14]

Answer:

Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.

5 0

3 years ago

Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a di

Firdavs [7]

Answer:

a) 7% as their market price will adjsut to give the same yield as the market

b) bond P = -10.17

bonds D = 10.07

Explanation:

we have to calcualte the price variation of the bonds from now (10 years to maturity) to next year (9 years)

Bond P

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 90.000

time 10

rate 0.07

$90 \times \frac{1-(1+0.07)^{-10} }{0.07} = PV\\$

PV $632.1223

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 10.00

rate 0.07

$\frac{1000}{(1 + 0.07)^{10} } = PV$

PV 508.35

PV c $632.1223

PV m $508.3493

Total $1,140.4716

then, at time = 9

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 90.000

time 9

rate 0.07

$90 \times \frac{1-(1+0.07)^{-9} }{0.07} = PV\\$

PV $586.3709

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 9.00

rate 0.07

$\frac{1000}{(1 + 0.07)^{9} } = PV$

PV 543.93

PV c $586.3709

PV m $543.9337

Total $1,130.3046

Capital loss: 1,130.30 - 1,140.47 = -10.17

We repeat the process for bond D

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 50.000

time 10

rate 0.07

$50 \times \frac{1-(1+0.07)^{-10} }{0.07} = PV\\$

PV $351.1791

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 10.00

rate 0.07

$\frac{1000}{(1 + 0.07)^{10} } = PV$

PV 508.35

PV c $351.1791

PV m $508.3493

Total $859.5284

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 50.000

time 9

rate 0.07

$50 \times \frac{1-(1+0.07)^{-9} }{0.07} = PV\\$

PV $325.7616

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 9.00

rate 0.07

$\frac{1000}{(1 + 0.07)^{9} } = PV$

PV 543.93

PV c $325.7616

PV m $543.9337

Total $869.6954

Capital gain: 869.70 - 859.53 = 10.07

6 0

3 years ago

What is the historical development of accounting

Vaselesa [24]

Answer:

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Explanation:

4 0

3 years ago