Answer:
b. that they agreed to purchase.
Explanation:
A minor is a person who is under the age of 18 and unable to make decision on his own such as mentally impaired or incompetent persons .
A minor cannot enter a contract like adults but if under any circumstance they enter into a contract of sale purchase of daily goods like clothing etc, they are liable to pay the price which they agreed to pay.
Their parents are liable only if the contract was made according to the parent's will etc.
If the minor is unable to pay the agreed amount then the minor should return the goods or fulfill any other liability as imposed by the court of law.
Answer:
9,315
Explanation:
The 83(b) election of the IRC which allows the employe of restricted stock to pay taxes on the fair market value at the time were granted.
It applies when the stocks are subject to vesting
The 83(b) election becomes useful when the employee has confidence that market value will increase and thus, saving taxes in the future.
If the market price decrease over the years or the company files for bankrupcy, the taxpersons will have pay income taxes for a worthless amount.
Also, if he leaves the company before esting the shares, it would had pay taxes for shares it won't receive.
So, resuming: under election 83(b) we use granted time value
1,035 x 9 = 9,315
Answer: $471,324.61
Explanation:
Price of a bond = Present value of coupon payments + Present value of face value at maturity
Coupon payments = 500,000 * 11% * 1/2 years = $27,500
Periodic yield = 12%/ 2 = 6% per semi annual period
Periods = 10 * 2 = 20 semi annual periods
Coupon payment is constant so it is an annuity.
Price of bond = Present value of annuity + Present value of face value at maturity
= (Annuity * Present value interest factor of Annuity, 6%, 20 years) + Face value / (1 + rate) ^ number of periods
= (27,500 * 11.4699) + 500,000 / (1 + 6%)²⁰
= $471,324.61
Break-even point in units is 7,500 unit
<u>Given that;</u>
Cost of each heater = $35
Variable cost of each heater = $22
Fixed cost = $97,500
<u>Find:</u>
Break-even point in units
<u>Computation:</u>
Contribution = Sales - VC
Contribution = $35 - $22
Contribution = $13
Break-even point in units = Fixed cost / Contribution
Break-even point in units = 97,500 / 7
Break-even point in units = 7,500 unit
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