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3 years ago

If you want to prevent any disputes about the application of the parol evidence rule, what should you do?

Business

2 answers:

german3 years ago

5 0

Answer:

Make sure terms are included in a written contract.

Explanation: The parol evidence rule is mainly used to prevent a party from introducing and evidence oral or written that has occurred before or while the agreement was being concluded to its final form. It helps protect and safeguard the terms of an agreed contract. It's essential to make sure both parties are okay with the terms of the contract.

Scilla [17]3 years ago

3 0

Answer:

Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.

Cheers!

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Lamont Communications has amortized a patent on a straight-line basis since it was acquired in 2010 at a cost of $50 million. Du

Fittoniya [83]

Answer:

C) Patent amortization expense of $5 million.

Explanation:

Patent acquisition date is 2010

Cost of acquisition = $50 million

Initial Useful life = 20 years

Annual amortization = $50,000,000/20

= $2,500,000

Between 2010 and start of 2013 is 3 years

Carrying value at the start of 2013

= 50,000,000 - 3(2,500,000)

= $42,500,000

If patent would be received over a total period of 8 years rather than the 20-year legal life being used to amortize the cost,

Patent amortization expense in 2013 = $42,500,000/8

= $5,312,500

This can be estimated as $5 million.

The right option is C) Patent amortization expense of $5 million.

6 0

4 years ago

Samuel is designing an engaging website for a furniture manufacturing company. What benefit would this website offer consumers?

ludmilkaskok [199]

Answer:

C) It would allow them to look at the furniture products that the company offers.

Explanation:

Setting up a website would be beneficial to the company, which will have its products on display, and may even make online sales, but especially to consumers, who can observe the types of wood products that this company produces. This can make consumers analyze products without having to go to the store, which makes buying something more comfortable.

4 0

3 years ago

Oak Tree Farms has common stock outstanding at a price of $13 a share. The total market value of the equity is $435,000. How man

vlada-n [284]

Answer:

13,384.62 shares

Explanation:

Current number of shares = $435,000 / $13

Current number of shares = 33461.53846154

Current number of shares = 33,461.54 shares

Stocks outstanding after the reverse stock split = (33,461.54 shares / 5)*2 = 13384.616 = 13,384.62 shares.

So, 13,384.62 shares of stock will be outstanding if the firm does a reverse stock split of 2-for-5.

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3 years ago

Using multiple department factory overhead rates instead of a single plantwide factory overhead rate a.results in more accurate

Galina-37 [17]

Answer: a.results in more accurate product costs

Explanation:

In a company that has multiple departments, using multiple overhead rates can help give a clearer view of product costs as costs are apportioned based on the activities in a department.

For example, in a Manufacturing company with a shipping department, you would find that it would be more accurate if for instance, machine hours are used in the Manufacturing department as opposed to labour hours being used in the Shipping department.

This method therefore gives a more accurate measure of the cost of producing different goods in a company which will go further to enable management to price products appropriately as well.

If you need any clarification do react or comment.

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3 years ago

Which of the follow will happen if you miss a monthly credit card payment?

Novosadov [1.4K]

You get charged a certain late fee that adds up everyday that the payment is late after the due date. Your interest rates might also go up <span>⬆️</span>

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4 years ago

Read 2 more answers