The general common law rule on contract modifications holds that an agreement to modify an existing contract requires a(n):

Classifying costs by behavior with changes in volume of activity involves: Multiple Choice Identifying fixed cost and variable c

Vadim26 [7]

Answer:

Identifying fixed cost and variable cost.

Explanation:

The behavior cost is those costs that will completely change when there are minute changes in the activity and includes the variable and the fixed costs and the semi-variable costs.

As an example of the fixed cost is the insurance. While the variable cost is flour for the bakery that produces artisan bread. And that of the semi mixed cost is the cost of the bakery cost and the natural gas.

7 0

3 years ago

Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply.

marissa [1.9K]

Answer:

The correct options are:

A. It is used to avoid the time and cost of writing checks for small amounts.
C. It is established to pay for small payments like postage, shipping fees, etc.
E. It is an asset reported on the balance sheet.

Explanation:

A Petty Cash Fund is a small amount of money that is kept on hand to be used in covering for the making of purchases that are too small to bother to write a check. Money from the petty cash fund can be used to pay for minor expenses such as postage, cab fares, shipping fees or office supplies.

Petty cash fund appears in the balance sheet on the current assets section. This is because line items in the balance sheet are sorted according to their order of liquidity. Since petty cash is highly liquid, it always appears near the top of the balance sheet.

7 0

3 years ago

When conducting a SWOT analysis, in what phase of the strategic marketing process is an organization presently engaged?

Marysya12 [62]

Answer:

Planning Phase

Explanation:

Strategic marketing process deals with planning to develop and to implement operations so as to attain a competitive edge in the market over competitors.

The aspect of strategic management process that deals with conducting SWOT analysis is the planning phase it is the first phase and a very important phase in strategic marketing. It is the phase that assess the strength of the organisation, its weakness, its opportunity as well as the threat that it might face when trying to achieve its goals. This process requires an organisation to conduct a SWOT analysis, set marketing goals, determine how to manage the four p's among other things.

8 0

3 years ago

You can buy property today for $2.9 million and sell it in 5 years for $3.9 million. (You earn no rental income on the property.

nignag [31]

Answer:

a) $2, 654,000 or approximately $2.654 million

b) The investment is not attractive because the present value of the future cash flow at $2.654 million is less than the investment of $2.9 million

c) $3.413 million approximately

d) This property is attractive as the present value of $3.413 is higher than the investment of $2.9 million

Explanation:

The A part of the questions is to determine the present value of property

Information given

Future value = $3.9 million

Interest rate = 8%

The period = 5 years

The present value formula = Future value / (1+r)∧n

= $3,900,000 / 1.08∧5

= 2,654,274.46843163

= $2, 654,000 or approximately $2.654 million

b) Is the property attractive...

The investment is not attractive because the present value of the future cash flow at $2.654 million is less than the investment of $2.9 million

c) Compute a new present value based on cash flow of $190,000

The present value

= 190,000/ 1.08∧1 + 190,000/ 1.08∧3 + 190,000/ 1.08∧3 + 190,000/ 1.08∧4 +190,000/ 1.08∧5 + 3,900,000/ 1.08∧5

= 175,929.93 + 162,894.38 + 150,828.13 + 139,655.67 + 129,310.81 + 2,654,274.47= 3,412,889.38

= $3.413 million approximately

d) This property is attractive as the present value of $3.413 is higher than the investment of $2.9 million

3 0

3 years ago

Suppose that the udp receiver computes the internet checksum for the received udp segment and finds that it matches the value ca

NeTakaya

It does not appear that the receiver would be absolutely certain that no bit errors have occurred. As long as the checksum and its 1s complement equal the value that was originally sent, it will verify. Basically, a 0 or 1 can possibly be swapped somewhere in the checksum, but no bit errors will be detected as long as the addition sent by the sender and checksum received by the receiver match. No, the receiver cannot be absolutely certain that no bit errors have occurred. This is because of the manner in which the checksum for the packet is calculated.

6 0

3 years ago