Agin i need help

Crosby contracts with Subban whereby Crosby agrees to sweep Subban retail shop at the end of each work day. Before the first pay

Alchen [17]

Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.

<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.

Therefore, the contract is unenforceable.

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4 0

2 years ago

When an investment bank ________ securities, it guarantees a price for a corporation's securities and then sells them to the pub

ankoles [38]

When investment banks underwrite securities, they guarantee the value of the company's securities before selling them to the public.

Investment securities are a class of securities (transferable financial assets such as stocks and bonds) that are purchased for the purpose of being held for investment purposes.

When an investment bank and a company reach an agreement to underwrite (also known as a firm commitment), the investment bank purchases new securities at an agreed price and sells the securities generally at a premium to cover all costs. We will resell. They include costs associated with the sale.

There are four main types of securities. Bonds, equities, derivative securities, and hybrid securities that combine bonds and equities.

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6 0

1 year ago

2. Realized income is also known as ____. a) gross pay. b) net income. c) real income. d) descretionary income. . 3) You are pai

iris [78.8K]

Answer:

a) gross pay

c) $1,496.34.

Explanation:

The realized income is the amount you actually received and it is taxable. According to this, the answer is gross pay as it is the money you earn before taxes are deducted.

-Realized income:

$12.75*40= 510*4 = $2,040

FICA (7.65%)= $156,06

Federal withholding (12%)= $244,8

state withholding (7%)= $142,8

$2,040-$156,06-$244,8-$142,8= $1,496.34

6 0

3 years ago

Using a single plantwide rate from question 25, the factory overhead allocated per unit of Product A in the Painting Department

fiasKO [112]

Answer:

a. $236.32 per unit

Explanation:

The Full question is "Adirondak Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. Overhead Total Direct Labor Hours DLH per Product A B Painting Dept. $250,000 10,000 16 4 Finishing Dept. 75,000 12,000 4 16 Totals $325,000 22,000 20 20"

A single plant wide factory overhead rate is been used. Thus, Overhead rate per hour = $325000 / 22000 hrs = $14.77

The total hours required to produce a product = 20 hours in painting + 20 hours in finishing

The total hours required to produce a product = 40 hours

Overhead per product = Overhead rate per hour * The total hours required to produce a product

Overhead per product = $590.8

The DLH required for a product A in painting department = 16 DLH

. Overhead rate per unit for product A in painting department = ($590.8/40 DLH) *16 DLH = $236.32 Per Unit

8 0

2 years ago

Golden Corp., a merchandiser, recently completed its 2017 operations. For the year, (1) all sales are credit sales, (2) all cred

ankoles [38]

Answer:

Please see the solution below:

Explanation:

GOLDEN CORPORATION

Statement of Cash Flow

As of December 31, 2017

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 166,400

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 54,000

(Increase) Decrease in Current Assets:

Accounts Receivables (21,500)

Inventory (84,500)

Increase (Decrease) in Current Assets:

Accounts Payable 35,000

Income Tax Payable 12,400

NET CASH PROVIDED BY OPERATING ACTIVITIES 161,800

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Equipment (68,200)

NET CASH USED IN INVESTING ACTIVITIES (68,200)

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of Cash Dividends (108,000)

Issuance of Common Stock 69,500

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES (38,500)

NET INCREASE (DECREASE) IN CASH 55,100

Cash Balance, December 31 2016 127,900

Cash Balance, December 31 2017 183,000

3 0

2 years ago