Answer: d. under the minimum-contacts test.
Explanation:
Cattle House Steaks, a Colorado company, enters into a contract over the phone with Beef Packing Inc., an out-of-state corporation. If a dispute arises, a Colorado court can exercise jurisdiction over Beef Packing under the minimum-contacts test.
Minimum contacts applies to situations whereby a court in one state can assert its personal jurisdiction over another defendant which isn't in that same state but is in another state.
Answer:
E. Fixed Costs
Explanation:
Here are the options to this question :
A. Variable Costs
B. Labor Costs
C. Total Costs
D. Raw material Costs
E. Fixed Costs
Sunk costs are costs that have already been incurred and cannot be recovered. They should not be considered when making future economic decisions.
Fixed cost is cost that do not vary with production. e.g. rent
Most companies pay rent per year. if due to unforeseen contingencies, sales and profit of the company declines and the company decides to shut down production, the company has already paid for rent, this amount cannot be recovered even though the company would not be using the space for sometime. So, rent is an example of sunk cost
Answer:
There are three basic forms of business ownership: sole proprietorship, partnership and corporation. Each of these forms of business organization has advantages and disadvantages in such areas as setting up the company, paying taxes and assessing liability for business debts.
Amount of money spent per day = $1800
Cost of overhead expenses per day <span>for labor and materials </span>= $9
Selling price of each camera = $18
a. Let us assume the number of cameras manufactured per day = x dollars
Then
Cost of cameras sold in 1 day = 18x
So
18x = 1800 + 9x
18x - 9x = 1800
9x = 1800
x = 200
From the above deduction, we can conclude that the number cameras sold per day is 200
b. Daily selling amount of 250 cameras = 250 * 18
= 4500 dollars
Daily manufacturing price of 250 cameras = 1800 + (9 * 250)
= 4050 dollars
Then
Daily profit = 4500 - 4050
= 450 dollars
Answer:
$3.76
Explanation:
Calculation of the implied value of each warrant
First step is to find the straight-debt value
Straight-debt value:
N = 20
I/YR = 15
PMT = −120
FV = −1000
PV = $812.22
Using this formula
Total value = Straight-debt value + Warrant value
Where,
Total value =$1,000
Straight-debt value=$812.22
Warrant=50
Let plug in the formula
$1,000 = $812.22 + 50
Second step is to find the warrant value
Warrant value= ($1,000 −$812.22)/50
=$187.78/50
=$3.7556
Approximately $3.76
Therefore the implied value of each warrant will be $3.76
