Answer:
Promissory estoppel
Explanation:
Promissory estoppel means that in legal tenet that a promise or pledge can be enforced by law, actually if formulated without legal consideration, if the George now the (promisor) has made a pledge to a Susy the (promises) who then depends on that promise for a subsequent detriment. So what Promissory estoppel is expected to do is to stop the (George) promisor from insisting that an underlying promise should not be legally authorized or implemented. So Susy can sue George on the basis of promissory estoppel and get a reward for George's disappointment
Answer:
$7,732 unfavorable
Explanation:
The computation of the direct labor rate variance is shown below:
Direct labor rate variance = Actual time taken × (Standard rate - actual rate)
= 5,021 labor hours × ($14.71 - $81,591 ÷ 5,021 labor hours)
= 5,021 labor hours × ($14.71 - $16.25)
= $7,732 unfavorable
Since the actual rate is more than the standard rate so it would be lead to unfavorable variance
This is the answer but the same is not provided in the given options
Answer:
Receiving $2,000 every year for 6 years is worth more today.
Explanation:
$2,000 received per year is annuity as same amount is received every year.
Given:
Amount received every year = $2,000
Time period = 6 years
Rate = 5%
Check PVIFA (Present value of annuity factor) table for 5% and 6 years, we get 5.0757
Present value of annuity = 2,000 × 5.0757
= $10,151.4
Receiving $2,000 every year for 6 years is worth more today than receiving $10,000 today as present value of annuity is worth $10,151.4 today which is more than $10,000.
So, $2,000 every year is worth more today.
Answer:
$5,700
Explanation:
Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts
$5,000 + $400 + $300 = $5,700.
Therefore the amount that the company will record the dishwasher is $5,700 because the parking ticket should be expensed as incurred due to the fact that it is not a cost necessary to get the asset ready for use.
Answer:
Based on this information, the Canadian dollar is expected to <u>DEPRECIATE BY 0.8%</u> tomorrow, and Severus would prefer to make payment <u>TOMORROW</u>.
Explanation:
Since the Canadian dollar tends to depreciate by 40% after it appreciates more than 1% against the US dollar, we can calculate the expected depreciation:
expected depreciation = 2% x 40% = 0.8%
Since Severus expects that the Canadian dollar will depreciate tomorrow by 0.8%, it will wait until then to pay its debt.
