Answer:
yes
Explanation:
they are both professionals and either of their opinions/ suggestions would have been good, but if they both agree it's even better
Answer:
A. To keep banks with falling asset values solvent.
Explanation:
When a bank is failing it will result in loss of funds not only for the bank but also for customers that have accounts in these banks.
If a bank eventually closes operations as a result of insolvency, they will not be able to pay off the customers. That is where the deposit insurance comes in to settle customers.
The government will have to spend a lot of money reimbursing customers their money.
To avoid this the federal government ensures the capital of banks is maintained to keep banks with falling asset values solvent.
Answer:
Instructions are below.
Explanation:
Giving the following information:
The selling prices are $1,310 per desk unit and $560 per chair. The variable costs are $810 per desk unit and $310 per chair. Fixed costs are $180,000.
The company sells 3 deks per 2 chairs.
Sales proportion:
Desks= 3/5= 0.6
Chairs= 2/5= 0.4
1) Selling price per composite unit= sales proportion*selling price
Selling price per composite unit= 0.6*1,310 + 0.4*560
Selling price per composite unit= $1,010
2) Variable cost per composite unit= sales proportion*unitary variable cost
Variable cost per composite unit= 0.6*810 + 0.4*310
Variable cost per composite unit= 610
3) Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 180,000/ (1,010 - 610)
Break-even point (units)= 450 units
4) Number of units for each product:
Desks= 0.6*450= 270
Chairs= 0.4*450= 180
Answer:
Fresno
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America. There are special rules known as the special business standards that are set up by UCC governing merchants and the sales of goods in Article 2 of the Uniform Commercial Code.
Under Article 2 of the Uniform Commercial Code, a shipment contract between two parties (buyer and seller) states that a buyer bears the risk of loss and is typically responsible for the costs of goods in the event of any damage or loss incurred during transportation and prior to receiving the goods.
In this scenario, the transaction is a nonshipment contract and the place for delivery is not specified in the agreement.
However, on the basis of the facts that both parties are aware that the 50 cases of packaged macaroni are in a warehouse in Fresno, the place for delivery is Fresno.
