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3 years ago

If the form of a will is made orally, and written down by a witness, how is it called?

1 answer:

6 0

If the form of a will is made orally, and written down by a witness, it is called nuncupative (non-culpatory) - meaning oral or dictated; often limited to sailors or military personnel.

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Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors

Vaselesa [24]

Answer: $0

Explanation:

When there is an expectation of reversal of the goods back to the company due to factors arising from a delay in the delivery of the goods or other factors that could not be controlled, the revenue recognized should be $0.

In this scenario, Finerly is uncertain about the ability of the goods to be sold by the distributors and is committed to accepting the cosmetics should they not sell.

As they have little experience which means that they will be unable to control much unforeseen factors, there is an expectation of reversal so revenue should be recognized at $0 on delivery. Revenue will only be recognized after sales.

7 0

3 years ago

a business wants to evaluate how much they're spending on their customers, versus how much their customers go on to spend. if th

valina [46]

a business wants to evaluate how much they're spending on their customers, versus how much their customers go on to spend. if they want to see how much they spent for a customer to take action on a campaign that measurement would be ROI(Return on investment).

What is ROI?
Return on investment, or ROI, is a mathematical formula that investors can use to evaluate their investments and determine how well one investment performed in comparison to others. An ROI calculation is sometimes used in conjunction with other approaches to create a business case for a specific proposal. The overall ROI for an enterprise is used to assess how well a business is managed. If an enterprise has immediate goals, such as increasing market revenue share, constructing infrastructure, or positioning itself for sale, a return on investment may be measured in terms of meeting one or more of these goals rather than immediate profit or cost savings.

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2 years ago

Assume that Congress recently passed a provision that will enable Barton's Rare Books (BRB) to double its depreciation expense f

Lostsunrise [7]

Answer:

Net fixed assets on the balance sheet will decrease.

Explanation:

If we assume that Congress recently passed a provision that will enable Barton's Rare Books (BRB) to double its depreciation expense for the upcoming year but will have no effect on its sales revenue or tax rate.

The conclusion that best describes the impact of the new provision on BRB's financial statements versus the statements without the provision is that the Net fixed assets on the balance sheet will decrease.

Normally in the Balance Sheet, the values of Net Assets are arrived at by subtracting the accumulated amounts of depreciation from the cost of the assets

Therefore if the values of depreciation are doubled, then the resultant amount of Net Assets will be smaller because a bigger deduction has been made against the cost of acquisition.

4 0

3 years ago

Economic formulas are available to compute annual payments for loans. suppose that you borrow an amount of money p and agree to

Lapatulllka [165]

The amount of money p will be payed in an annual payments at Annual percentage rate.

Annual percentage rate is the yearly interest produced by a sum that the borrower has to pay . Annual percentage rate is conveyed as a percentage that shows the real annual cost of funds during the term of a loan or income earned on an investment. It does not consider compounding into account.

"APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which it was put in".

APR=((Fees+Interest/p/n)×365)×100

Where-

Interest=Total interest paid during life of the loan

P=Loan amount

n=Number of days in loan term

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1 year ago

Total Product Cost and Per-Unit Product Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint,

umka21 [38]

Answer:

Total product cost for last week= $120,000

Unit cost per hockey= $240

Explanation:

Total product cost is the sum of direct material cost, direct labour and overhead

Direct material cost is the costs of all specific materials required to product a product. For example, wood, paint for making chairs.

Direct labour : the cost of the man hours used directly for the purpose of production. wages of carpenters working on the chairs. It is arrived as active hours used for production × wage rate per hour.

Overhead :Sum of the indirect costs. indirect costs. These include expenditures on materials , labour and expenses incurred not specifically for a particular product. Examples are, cost of detergent for cleaning the toilets, salaries of the accountant, rent of the factory, e.t.c.

Total product cost for last week

= $32,000 + $28,0000+ $60,000= $120,000

Cost per product = Total product cost/ units produced

Unit cost per hockey= $120,000/500= $240

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3 years ago