Answer: Reformation
Explanation: In simple words, reformation refers to a process in which something is changed in the current subject to set it again on the right path.
In the given case, the judge believes that the time period set for avoiding the competition is unusually long. Thus, they can reform the contract to make it suitable and justified for all the parties involved.
Answer:
Letter b is correct. <u>Globalization imperative.</u>
Explanation:
Globalization Imperative is a trend that the market today has to expand increasingly regardless of global location. Research shows that globalization, despite being a global reality, is growing and most companies plan to sell abroad. It is an anti protectionist position that benefits the open market. It is a worldwide trend where companies are looking for new technologies and new ways to win market and establish efficient communication in different cultures, with the goal of market gain and competitiveness.
Answer:
$23.45 per unit
Explanation:
Given that,
Units produced = 9,000 units
Direct labor = $7.25 per unit
Direct material = $8.00 per unit
Variable overhead = $5.50 per unit
Total production cost = $28.25 per unit
Fixed overhead:
= $67,500 ÷ 25,000 units
= $2.70 per unit
Total product cost per unit:
= Direct material cost per unit + Direct labor cost per unit + Variable overhead cost per unit + Fixed overhead
= $8.00 per unit + $7.25 per unit + $5.50 per unit + $2.70 per unit
= $23.45 per unit
Answer:
$308.32
Explanation:
since the bond doesn't pay any coupons, its market value is equal to the present value of its face value:
market value = $1,000 / (1 + 4%)³⁰ = $1,000 / 3.243398 = $308.32
when a bond pays coupons, in order to determine the present value of the bond you would need to include the present value of the coupon payments (annuity).