Explanation:
I would say may 6th because Sam didn't know Ralph was going to revoke until May 5th and that only makes it half final because Ralph wouldn't know in anyway except through a letter that Sam has received his letter and agreed or disagreed.
May 6th is when he gets the confirmation. So both people know on May 6th.
If this is too confusing ( like it was for me I had to read it 6 times ) then think about it this way. if you make a deal with a fisherman to buy fish on Wednesday and you send him a lettering sunday that arrives a day later, the fisherman won't know until a day later (Monday) and on that day he receives it you don't know if he got it. That's why it's half official. when he send a letter that arrives the day after he got your letter (tuesday) then you know that he understood you won't make it on Wednesday making it fully official.
does this make sense? if so hope it helps.
Answer:
Using LIFO:
TOTAL Sales : $19,875,500
COGS = $11,021,250
GROSS PROFIT = $8,853,750
Explanation:
KINDLY CHECK ATTACHED PICTURE
Answer:
See below
Explanation:
Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.
The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.
Goodwill is amortized because the business benefits from the goodwill for many years. In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.
I guess the correct answer is the narrow view, or invisible hand theory
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The narrow view, or invisible hand theory, holds that producing profit is more important than being socially responsible.
Answer:
The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.
Explanation:
When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .
The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.
The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.
