Answer:
No
Explanation:
If Kerry sues on Leroy, Kerry will lose, Because none of the participants realize that there is a possibility of the nature of the item being so worthy and made a deal to exchange.
In this case, Leroy takes a risk and gets profit.
It is not considered as one party error because both parties take equal risk.
So Kerry has no right on the ring.
Answer:
The net income will be "$36,250".
Explanation:
The given values are:
Administrative expenses
= $15,000
Fixed overhead costs
= $30,000
According to the question:
The sales will be:
=
=
The production cost of the variable will be:
=
=
Variable selling will be:
=
=
The net income will be:
⇒
On substituting the values, we get
⇒
⇒ ($)
Answer:
<em>Materials:</em>
P 2,000F
Q 7,650U
Labor:
Rate 800U
Efficiency 2,500.00F
<em>Questions:</em>
Solve for labor and materials variances
Explanation:
std cost $6.00
actual cost $5.75 ($46,000/ 8,000 pounds)
quantity 8,000
difference $0.25
price variance $2,000.00
std quantity 4500.00 (3,000 units x 1.5 pounds per unit)
actual quantity 6000.00 (8,000 purchased - 2,000 ending)
std cost $5.10
difference -1500.00
quantity variance $(7,650.00)
DIRECT labor VARIANCES
std rate $12.00
actual rate $12.50
actual hours 1,600 (160 hours x 10 employees)
difference $(0.50)
rate variance $(800.00)
std hours 1800.00 (3000 units x 0.6hours per unit)
actual hours 1600.00
std rate $12.50
difference 200.00
efficiency variance $2,500.00
Answer: Economic
Explanation:
The question is explaining the economic importance of understanding the different cultures and how they communicate. Understanding a culture helps an investor to know the kind of product that would gain high sales in that culture, also understanding a culture would help an individual to easily be able to relate with people from that culture.
For example building a beer brewery in a country where majority of it's citizens don't take alcohol would lead to a loss in that business.
Answer:
Option (a) $114,000
Explanation:
Data provided in the question:
Dividend declared = $240,000
Shares outstanding = 9,000
Interest = 7%
Now,
Value of share = $100 × 9,000
= $900,000
Dividend to Preference Stock Holders Arrears = 7% of Value of share
= 0.07 × $900,000
= $63,000
Dividend to Preference Stock Holders = $63,000
Therefore,
Dividend to Common Stock Holders
= $240,000 - $63,000 - $63,000
= $144,000
Option (a) $114,000