Answer:
b. discharges the employer from the contract.
Explanation:
When an employee enters a contract with the employer there is an agreement that the employee will perform their duties effectively (in this case Emma as a billing manager) and the employer is obligated to pay her for services provided.
If Emma is failing to meet his obligations by being absent from work and even when present fails to adequately do her job, the employer is also discharged from his agreed duty on the contract.
Emma's actions discharges the employer from the contract.
Answer:
B) $27,500.
Explanation:
The computation of the amount credited to the allowance account is shown below:
= Sales during the 2017 year × estimated uncollectible percentage
= $2,750,000 × 1%
= $27,500
By multiplying the sales with the estimated uncollectible percentage we can get the amount credited to the allowance account and the same is to be considered
Hence, the correct option is B
Answer:
$1,593,535.83
Explanation:
Future Value of mortgage determines the future value of a mortgage after payments have been made, at a regular frequency, charged a regular rate of interest, compounded at payment dates.
DATA
PV = $1,500,000
N = 24
r = 0.04/12
PMT = $1250
FV =?
Solution
PV = (PMT/r)*[1 – 1/(1 + r)^N] + FV/(1 + r)^N
1,500,000 = (1250/(0.04/12)) * (1 – 1/(1 + 0.04/12)^24) + FV/(1 + 0.04/12)^24
1,500,000 = 28785.31353687 + 0.92323916 FV
FV = (1,500,000 - 28785.31353687)/ 0.92323916
FV = $1,593,535.83
Answer:
The price is $1,540
Explanation:
The reason is that the profit share is $1,100 and the cost includes computer chip, software and printer which are worth $150, $250 and $40.
The price can be calculated using the following formula:
Price - Cost = Profit
Here profit is $1100 and cost is $440 (150+250+40)
By putting the values we have:
Price - $440 = $1100
Price = $1100 + $440 = $1540
From the data given above, the investor required rate of return on the firm's stock is 10% and is equal to $4,75 that is expected to be paid each year.
If $4.75 = 10%, then the price of the stock which is 100% will be equal to $4,75 * 10= $47.50.
Therefore, the current price of the stock is $47.50.
