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Nataliya [291]
3 years ago
12

"Carmen owns a 2009 Toyota Camry that has been driven 24,000 miles and, to his knowledge, has no mechanical problems. He offers

to sell the car to his friend Jamie for $12,000. Jamie accepts Carmen’s offer. Jamie and Carmen have:"
Business
2 answers:
Elodia [21]3 years ago
3 0

Answer:

Jamie and Carmen have an Agreement

Explanation:

An Agreement is any statement or contract that is made between two ormore parties.

Dima020 [189]3 years ago
3 0

Answer: Jamie and Carmen have a business agreement

Explanation:

Agreement generally means the act of coming to/reaching a mutual or common position, arrangement, decision or conclusion. In business, an agreement is a statement formed between business parties which can either be written or oral and is very much an exchange of promises amongst the parties in question.

Agreements can be applied in almost all aspects of business practices such as hiring, trade, partnership, acquisitions ( just as in y case of Jamie and Carmen) and so on.

Since Carmen's camry has been driven 24000 miles and Jamie still feels that the car is worth his 12 thousand dollars nevertheless since the car is without mechanical problems. We can confidently conclude that Jamie and Carmen now have a business agreement

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Which of these statements is true?
AnnZ [28]
The correct statement is Inflation is problematic if unexpected

Money loses purchasing power during inflation and there's too much of it.
8 0
3 years ago
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
Blababa [14]

Answer and Explanation:

The computation of the predetermined overhead rate is shown below:

For Cutting department

= Variable manufacturing overhead per machine hour + (Total fixed manufacturing overhead ÷ machine hours)

= $2 + ($264,000 ÷ 48,000)

= $2 + $5.50

= $7.50

For finishing department

= Variable manufacturing overhead per direct labour + (Total fixed manufacturing overhead ÷ direct labor hours)

= $4 + ($366,000 ÷ 30,000)

= $4 + $12.20

= $16.20

4 0
3 years ago
The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts
S_A_V [24]

Answer: Alternative 3 will be selected.

Explanation:

The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.

First compare A1 to A0

The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.

Compare A1 to A2

If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.

Compare A1 to A3

If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.

Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.

A3 will therefore be selected.

7 0
2 years ago
A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded month
agasfer [191]

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P ×  1 − (1+r)−n

  r

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

  0.0081

Fv =350 x 1-0.61628715419

  0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

7 0
3 years ago
ABC Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department
Sveta_85 [38]

Answer:

$9.94

Explanation:

Equivalent unit of conversion cost = 56,800 + (7,300*40%)

Equivalent unit of conversion cost = 56,800 + 2,920

Equivalent unit of conversion cost = 59,720 unit

Total cost of conversion = $34,558 + $559,254

Total cost of conversion = $593,812

Cost per equivalent unit of conversion = Total cost of conversion / Equivalent unit of conversion cost

Cost per equivalent unit of conversion = $593,812 / 59,720 units

Cost per equivalent unit of conversion = $9.9432686

Cost per equivalent unit of conversion = $9.94

4 0
2 years ago
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