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dmitriy555 [2]
3 years ago
15

Laredo advertises a reward for the return of his lost dog. Miguel, who does not know of the reward, finds and returns the dog, w

ithout asking for reward.
Miguel cannot recover the reward, because he :

a. did not confer a benefit on Laredo by returning the dog.

b. did not know of the reward when he returned the dog.

c. did not ask for the reward when he returned the dog.

d. returned the dog.
Business
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

b. did not know of the reward when he returned the dog.

Explanation:

Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.

Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.

This is a clear demonstration of being kind and get what you know.

So if you do not know the facts, you are on fault.

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A suggested project requires initial fixed assets of $227,000, has a life of 4 years, and has no salvage value. Assume depreciat
Nat2105 [25]

Answer:

NPV = -$132,193.77

Explanation:

best case NPV:

price per unit (+4%) = $48.88

sales per year (+4%) = 32,240

variable cost per unit (-2%) = $22.54

fixed costs (-2%) = $826,042

depreciation expense per year = $227,000 / 4 = $56,750

contribution margin per unit = $26.34

23% tax rate

discount rate = 11.5%

initial outlay = $227,000

net cash flows = {[($26.34 x 32,240) - $826,042 - $56,750] x 77%} + $56,750 = $30,885.392

NPV = -$132,193.77

5 0
3 years ago
On January 1, 2017, Sheridan Company had a balance of $417,000 of goodwill on its balance sheet that resulted from the purchase
Thepotemich [5.8K]

Answer:

patent      301,350 debit

       cash                 301,350 credit

franchise 633,600 debit

        cash               633,600 credit

development expense   189,000 debit

         cash                                    189,000 credit

year-end adjustment:

amortization expense   50,225 debit

         patent                                  50,225 credit

amortization expense   31,680‬ debit

         patent                                  31,680‬ credit

Explanation:

The patent and franchise will be activate as there is a certain possibility to produce positive cashflow in the future.

They will be adjusted at year-end for amortization:

301,350 / 6 = 50,225 amortization on patent

633,600 / 10 = 63,360 amortization on franchise

As it was concede on July 1st then, we will do half-year

63,360 / 2 = 31,680‬

The development cost will be treated as expense as there is no precise information that can determined the development cost which yield a positive outcome.

8 0
3 years ago
Philadelphia Company has the following information for March: Sales $486,599 Variable cost of goods sold 205,621 Fixed manufactu
egoroff_w [7]

Answer:

Manufacturing margin is $203,253

Contribution margin is $230,357

Net income $118,547

Explanation:

Manufacturing margin is the sales revenue minus manufacturing costs

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

fixed manufacturing cost         ($77,725)

manufacturing margin            $203,253

Contribution margin is sales revenue minus variable costs:

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

variable selling & admin          ($50,621)

contribution      margin            $230,357

Income is the sales revenue minus all costs incurred:

Sales revenue                           $486,599

Cost of goods sold                  ($205,621)

fixed manufacturing cost         ($77,725)

Variable selling & admin          ($50,621)

Fixed selling & admin              ($34,085)

Net income                             $118,547

6 0
3 years ago
Pops' owners and managers use the company's income statement to ultimately determine the company's _________.
Thepotemich [5.8K]

​POPS' owners and managers use the​ company's income statement to ultimately determine the​ company's <u>double </u><u>bottom line</u>.

More about income statement:

One of the three financial statements on which stock investors rely is the income statement. (The balance sheet and cash flow statement round out the list.) Investors who wish to evaluate a company's profitability and potential growth must comprehend an income statement.

Morea about double bottom line:

By adding a second bottom line to gauge a for-profit company's success in terms of its positive social impact, the double bottom line (also known as 2BL or DBL) tries to expand the traditional bottom line, which assesses fiscal performance and accounts for financial profit or loss.

Learn more about bottom line here:

brainly.com/question/3900120

#SPJ4

8 0
1 year ago
Peroni Corporation sold a parcel of land valued at $300,000. Its basis in the land was $250,000. For the land, Peroni received $
Sladkaya [172]

Answer:

Peroni's recognized gain in the current and subsequent year is $12,502 and $37,507

Explanation:

In order to calculate Peroni's recognized gain in the current and subsequent year we would have to calculate first the Gross profit on sale with the following formula:

Gross profit on sale=(parcel of land sold-land basis)/parcel of land sold

Gross profit on sale=($300,000-$250,000)/$300,000

Gross profit on sale=16.67%

Hence, Peroni's recognized gain in the current and subsequent year would be as follows:

current year=amount received in cash*Gross profit on sale

current year=$75,000*16.67%

current year=$12,502

subsequent year=$225,000*16.67%

subsequent year=$37,507

Peroni's recognized gain in the current and subsequent year is $12,502 and $37,507

3 0
3 years ago
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