What type of depreciation occurs when an asset can no longer provide services at the level originally intended?

Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans

Leya [2.2K]

Answer:

b) false

Explanation:

This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.

E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.

But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.

Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.

4 0

4 years ago

Mertens Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Account inquiry hou

swat32

Answer:

Cost assigned to Deparment B is $112,000

Explanation:

In order to calculate the cost assigned to Department B, we will take each amount divide it by their respective drivers and multiply by the driver assigned to Department B. Then we will add up all the relevant cost to determine the total cost assigned to Department B. As shown below:

Account Inquiry Hours = $200,000 / 10,000 hours x 4,000 hours

= $80,000

Account Billing Lines = $140,000 / 4,000,000 lines x 200,000 lines

= $7,000

Account Verification = $75,000 / 40,000 accounts x 8,000 accounts

= $15,000

Correspondence Letter = $25,000 / 4,000 letters x 1,600 letters

= $10,000

Total Cost = 80,000 + 7,000 + 15,000 + 10,000

= $112,000

3 0

3 years ago

Which expense contributes to a business’s semi-variable cost?

motikmotik

for Plato the correct answer is D. overtime (wages) paid to workers :)

6 0

4 years ago

HipHop Music Company assigns workers to departments based on similar skills. Currently, the company has a marketing department,

swat32

Answer:

Function

Explanation:

Functional departmentalisation is when staff who perform similar functions are put in the same department.

Examples of functional departmentalisation includes- marketing department, production department, finance department, human resources department.

Advantages of functional departmentalisation include:

1. It makes coordination of activities easier

2. It enhances supervision of staff

3. It enhances specialisation.

Functional departmentalisation can lead to overspecialisation and the inability of managers to perform in other departments other than their primary departments.

Other types of departmentalisation are :

1. Customer departmentalisation

2. Geographic departmentalisation

3. Process departmentalisation

4. Product departmentalisation

5 0

4 years ago

Scott invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it

Aleks [24]

Answer:

Scott's investment is in his own property and not in a common enterprise

Explanation:

From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners

3 0

3 years ago