Answer:
Partnership by estoppel means that a person who is not technically a partner can be held liable as a general partner would be for any debts and damages owed to a third party.
(Not completely sure) Tate and Anna should purchase dental insurance
Answer:
b. 48
Explanation:
The computation of the expected value of the future stock price is as follows;
= Respective future price × respective probabilities
= $40 × 0.5 + $50 × 0.3 + $65 × 0.2
= $20 + $15 + $13
= $48
hence, the expected value of the future stock price is $48
Therefore the correct option is b.
The same is relevant
Answer:
$
Standard total overhead cost (0.5 hr x 25,000 x $3.29) 41,125
Less: Actual total overhead cost ($21,000 + $18,000) 39,000
Total overhead variance 2,125(F)
Standard overhead application rate
= <u>Budgeted overhead</u>
Budgeted direct labour hours
= <u>$115,150</u>
35,000 hours
= $3.29 per direct labour hour
Explanation:
Total overhead variance is the difference between standard total overhead cost and actual total overhead cost. Standard total overhead cost is the product of standard hours per unit, standard overhead application rate and actual output produced. Actual total overhead cost is the aggregate of actual variable overhead cost and actual fixed overhead cost. Standard overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours (normal capacity).
Answer:
No gain or loss.
Explanation:
Given:
Amount of spice mixture = 470 pound
Current price = $2.35 per pound
Future price = $2.73 per pound
Computation:
We know that, Future price of spice mixture is higher than current price of spices.
But contract price is fixed at $2.35.
Therefore, no gain or loss will be recognized.
