<h2>Original offer becomes void (nothing).</h2>
Explanation:
Counteroffer: The original offer would have been either rejected or modified with new one.
This gives the original offeror three options:
Example:
When a buyer makes an offer on say "home", there is a possibility of seller can making a counteroffer. In other terms, a counteroffer is one of the negotiating tactic in response to the initial offer. You can call it as business tricks. When a counteroffer is announced, "the original offer goes nothing(void)".
Answer:
a.direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department
Explanation:
In the case when the standard price and the quantity with respect to the direct material are distinct as the price of the direct material would be controlled by the purchasing department while on the other hand, the quantity would be controlled by the production department
Therefore as per the given situation, the correct option is a.
Answer:
Marc's Adjusted gross income (AGI) for the current year is $32,000
Explanation:
Adjusted Gross Income (AGI): is the net income realized after deduction all the adjustments that reduce the total amount of the gross income. AGI is used mainly for calculation of tax returns, that is it is used to calculate what the actual tax should be based on what you really earn after adjustments.
In our example, the incomes within the current year are; ordinary income and short term capital gains. we do not use long term capital gains because they are gains on investments realized later than one year, and we are interested in the current year, while the adjustment to be deducted is the short term capital losses ($6,000). Hence;
AGI = (ordinary income + short term capital gain) - short term capital losses
AGI = (35,000 + 3000) - 6,000 = $32,000.
Answer:
Different types of management systems ranging from the point-of-sale systems, accounting systems, lead management, e-commerce, communication systems, and project management solutions are available to small businesses for the smooth running of operations.
Explanation:
Answer:
Dividend paid to preferred stock holders = 6% x $10 x 30,000 = $18,000
Dividend paid to common stock holder = $40,000 - $18,000 = $22,000
Explanation:
The dividend paid to preferred stock holders is a function of dividend rate, par value and number of preferred stocks outstanding.
The dividend paid to common stock holders is the difference between total dividend declared and dividend paid to preferred stock holders.