Answer:
The company should continue with the old machine, because the company will lost $5,500 in 5 years with new machine.
Explanation:
Labor saving by using new machine in 5 years = 5* ($11,200 - $7,400) = $19,000
The cost for new machine = $75,000 for newly purchase – sell old one for $50,500 = $24,500
So the total lost for new machine = cost of $24,500 – labor saving of $19,000 = $5,500
Answer:
Quasi contract
Explanation:
A Quasi contract refers to an agreement between two parties who owed no past obligation to one another. It is a kind of a fictional contract which the law recognizes.
The characteristic feature of a quasi contract is that obligation is not created by any of the parties but by law. Such a contract does not exist out of agreement but by the operation of the law.
The objective behind imposition of such a contract by the law is to ensure fairness and justness to a party.
In the given case, Ann out of mistake, mowed Donna's lawn. Ann acted in good faith as she wasn't aware at the time of performing her duty but Donna was fully aware and let the act of mowing done to her own advantage. Later when Ann realized and asked for payment, Donna refused.
In this case, the party who acted in good faith would be at a loss if the law does not intervene and impose a contractual obligation on Donna to pay Ann for her work. The contract imposed by law in such a case under which Ann would recover her payment would be termed as a Quasi Contract.
Well i believe the answer to this problem is "B. A white collar job." If you was to be in a white collar job you would be in more of professional job such as a teacher or anything that doesn't deal with manual labor, or physical labor. A blue collar worker(job) does more of the physical labor job, construction, architecture, or even a vending machine filler.
I hope you get this right but i have good grades in business.
Brainliest please :)
Answer:
$26,800
Explanation:
Data given in the question
Probability of the risk = 40%
Cost of the project = $67,000
So by considering the above information
The expected monetary value of the risk event is
= Probability of the risk × cost of the project
= 40% × $67,000
= $26,800
By multiplying the probability with the cost of the project, the expected monetary value could come
Answer:
Smith will report an investment income of $56,000 in its income statement.
Explanation:
Based on the information given we were told that Smith made a purchased of the amount of $522,000 of Jones shares in which as of December 31, 2021, the Jones shares also had a fair value of the amount of $578,000 this means that Smith will report an investment income of $56,000 ($578,000-$522,000) in its income statement.
