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3 years ago

How much do you expect gas to cost in 2020?

Business

2 answers:

mina [271]3 years ago

4 0

Atleast 5 dollars because of how there is a limited supply of gasoline today

sergij07 [2.7K]3 years ago

4 0

4.98 because every thing in 2020 is probably going to cost double of what it is today

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12–2. Offer and acceptance. Schmidt, the owner of a small business, has a large piece of used farm equipment for sale. He offers

Fiesta28 [93]

Answer:

Schmidt, the owner of a small business, has a large piece of used farm equipment for sale. He offers to sell the equipment to Barry for $10,000. Discuss the legal effects of the following events on the offer:

• Schmidt dies prior to Barry’s acceptance, and at the time he accepts, Barry is unaware of Schmidt’s death.

• The night before Barry accepts, fire destroys the equipment.

• Barry pays $100 for a thirty-day option to purchase the equipment. During this period, Schmidt dies, and later Barry accepts the offer, knowing of Schmidt’s death.

• Barry pays $100 for a thirty-day option to purchase the equipment. During this period, Barry dies, and Barry’s estate accepts Schmidt’s offer within the stipulated time period.

Explanation:

A contact is a binding agreement between two or more people.

Schmidt dies prior to Barry’s acceptance, and at the time he accepts, Barry is unaware of Schmidt’s death: Schmidt's death would normally null this offer but because Barry is unaware of his death at the time of acceptance, and the offer is not for a personal service, the offer holds.

The night before Barry accepts, fire destroys the equipment: there is no binding contract before a buyer accepts an offer.

Barry pays $100 for a thirty-day option to purchase the equipment. During this period, Schmidt dies, and later Barry accepts the offer, knowing of Schmidt’s death: The option keeps the offer alive regardless of Schmidt’s death as long as Barry paid for the option .

Barry pays $100 for a thirty-day option to purchase the equipment. During this period, Barry dies, and Barry’s estate accepts Schmidt’s offer within the stipulated time period: the death of the offeree, in this case Barry, would normally nullify the offer but due to the option and the acceptance within the stipulated time, the offer holds.

5 0

3 years ago

Bonita is considering establishing a trust for her mother that will pay out $1,000 each month. The trust department at a local b

monitta

Answer:

The Dependent or the Beneficiary collect $1000 every month pay income tax

Explanation:

Bonita is the policyholder that pay premium .

The mother is the dependent and the beneficiary ,who takes the trust monthly

The bank is the trustee that disburse the trust fund to the beneficiary month .

7 0

3 years ago

In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the

Kazeer [188]

Solution:

The reporting unit's book value of $250 million meets the market value of $220 million.

Requirement 1:

Determination of implied fair value of goodwill:

Fair value of Center point, Inc. $220 million

Fair value of Center point’s net assets (excluding goodwill) 200 million

Implied fair value of goodwill $ 20 million

Measurement of impairment loss:

Book value of goodwill $62 million

Implied fair value of goodwill 20 million

Impairment loss $42 million

Requirement 2: If the operating unit's market valuation of 270 million dollars surpasses 250 million dollars, there is no depreciation risk.

4 0

3 years ago

Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transacti

snow_tiger [21]

Answer:

The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States

B) The costs of overfishing and other overly intensive uses of resources.

C) The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

D) The leisure time enjoyed by Americans

Explanation:

GDP is a tool that is used to measure a nation's economic performance, However, it has limitations due to its exclusion of non-market transactions.

The limitations identified can be summarized as:
GDP does not incorporate any measures of welfare.
GDP only includes market transactions.
GDP does not describe income distribution.
GDP does not describe what is being produced.
GDP ignores externalities.

6 0

3 years ago

Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.

r-ruslan [8.4K]

Explanation:

a. Manufacturing overhead Flexible budget report

Budget Actual Favorable (Unfavorable)

Variable cost

Indirect material $11,100 $14,900 $3,800 U

Indirect labor $11,000 $9,600 $1,400 F

Utilities $7,700 $9,100 $1,400 U

Maintenance $5,500 $4,800 $700 F

Total Variable cost $35,300 $38,400 $3,100 U

Fixed expenses

Supervisory Salary $36,700 $36,700 0

Depreciation $6,100 $6,100 0

Property, taxes $7,400 $8,500 $1,100 U

Maintenance $4,900 $4,900 0 U

Total fixed expense $55,100 $56,200 $1,100 U

Total controllable

cost $90,400 $94,600 $4,200 U

b. Manufacturing overhead Responsibility report

Controllable cost Budget Actual Favorable (Unfavorable)

Indirect material $11,100 $14,900 $3,800 U

Indirect labor $11,000 $9,600 $1,400 F

Utilities $7,700 $9,100 $1,400 U

Maintenance $10,400 $9,700 $700 F

Supervisory salaries$36,700 $36,700 0

Total $76,900 $80,000 $3,100 U

8 0

3 years ago