Answer:
Units will need to be purchased in February are a. 52,000 units
Explanation:
Sales for January are budgeted at 50,000 units, and the company expects sales to increase 4% each month.
Sales of February are budgeted = 50,000 + 50,000 x 4% = 52,000 units
Units will need to be purchased in February = Ending inventory in February + Units Sold of February - Beginning inventory in February.
The company's policy is to keep ending inventory each month at 10,000 units.
Therefore,
Ending inventory in February = Beginning inventory in February = Ending inventory in January = 10,000 units
Units will need to be purchased in February = 10,000 + 52,000 - 10,000 = 52,000 units
Answer:
$126,000
Explanation:
Net income is computed by deducting total expenses from total income.
Accordingly,
net income = total revenue - total expenses
= 783,000 - 657,000
= $126,000
Additional common stock issuance will increase common stock and cash balance (both on the statement of financial position, not the income statement). Dividend payment is deducted after net income, and does not affect net income computation.
Answer:
B) Is not a contract because there is no consideration for B's promise.
Explanation:
In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.
Common law rules on contract modifications require some new consideration in order to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.
I think the correct answer from the choices listed above is option B. The two companies that rates and publish bonds are Moody's and Standard's and Poor. These companies had <span>maintained high level of credibility and their ratings are highly respected worldwide. Hope this answers the question.</span>
