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OLEGan [10]
4 years ago
5

Ozzie contracts for the sale of 500 shares of stock in Premium Quality, Inc., to Ray, with payment to go to Scholar University t

o pay Thalia's tuition. The contract reserves to Ozzie and Ray the right to modify its terms. Scholar's right to payment is
Business
1 answer:
alexandr1967 [171]4 years ago
8 0

Answer: subject to any change that Ozzie and Ray make

Explanation: Terms of a contract refers to the bindings, rules and principles guiding a particular contract or agreement. Since the contract right to modification is reserved by only Ray and Ozzie, Scholar's University right to payment of Thalia's tuition is subject to any changes or modification made by both Ray and Ozzie since they reserve the right to modify the contract terms for the sale of the 500 shares of stock in Premium Quality Inc.

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Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year
ella [17]

Answer:

The real GDP is $150 and GDP is $550

Explanation:

There are five goods in the economy, A-E.

The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E.

Current-year prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E.

Base-year prices are $1 for each good.

The real GDP is the value of output produced at base year price.

Real GDP

= 10 +20 + 30 + 40 + 50

= $150

The nominal GDP is the value of output produced at the current prices.

Nominal GDP

= 1 × 10 + 2 × 20 + 3 × 30 + 4 × 40 + 5 × 50

= 10 + 40 + 90 + 160 + 250

= $550

7 0
3 years ago
Simone started the meeting at BCD Co. by focusing the attendees on the company's current status. "We have a good product mix," s
WINSTONCH [101]

Answer:

Market development

Explanation:

Market development can be described as a marketing strategy in which new market segments are identified and developed for current products of a company.

The focus of a market development strategy are the existing customers and new customers in the targeted segments that are not currently buying the products of the company.

Market development is therefore a marketing strategy that is employed when a company wants to expand its total market by making effort to promote its current product to new consumers or a new geographical area.

From the question, the statement that  "To continue to grow, we need to target more segments" by Simone indicates that the strategic path Simone is pursuing is <u>market development</u>.

6 0
3 years ago
When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted
zysi [14]

Answer:

B

Explanation:

When using the indirect method to prepare the operating section of a statement of cash flows , the gain on sale of land will be deducted from the net income as it has already been included in the net income as the gain on the sales of the land , which was a non cash recognition in the course of the business.

Decrease in receivable means that there was an inflow of cash as some receivables had paid their debts , thus it is added.

The amortization is a non cash expenses that had been deducted which will need to be added back to the net income for the purpose of cash flow.

5 0
4 years ago
True or false? The best way to choose the right social media tool is to think about your business goals, then narrow down your c
DaniilM [7]
Don't completely understand the question, but i'm pretty sure it's TRUE. I think thi sbecause you shoul dalways think about what you are going to post or say because once you do it is there forever. Even if you delete a tweet someone most likely screenshotted it or saved it and could have sent it to countless people for all you know... again not sure if this helped or not, but good luck
4 0
4 years ago
Lisa Smith decided to start her CPA practice as a professional corporation, Smith CPA, PC. The corporation purchased an office b
Over [174]

Answer:

B. Historical cost principle

Explanation:

In accounting, historical cost principle indicates that a business or an organization must record and account for both assets and liabilities at their purchase or buying price. In points that during bookkeeping, while recording the worth of an assets, the purchase price used in buying it must be recorded. Here, Lisa bought the building for $35000 but recorded $50000 because she believes that to be the real value. By doing so, lisa has violated the historical cost principle concept.

4 0
3 years ago
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