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STatiana [176]
3 years ago
6

On May 1, 1972, Mix, CPA, entered into an oral contract with Dell to provide certain accounting services to Dell. The contract w

as fully performed by both parties in 1974. On April 25, 1988, Dell commenced a breach of contract action against Mil claiming that Mil had improperly performed the accounting services. Mix's best defense to the action would likely be the
a. Parol evidence rule
b. Statute of limitations
c. Statute of frauds
d. Lack of consideration
Business
1 answer:
zloy xaker [14]3 years ago
5 0

Answer:

B

Explanation:

123

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Assume that the Charleston Inc. uses the indirect method to depict cash flows. Indicate where, if at all, an inventory increase
Marianna [84]

Answer:

Operating activities

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So, it would be classified in the operating section of the cash flow statement

7 0
3 years ago
Nita is a devoted Coca-Cola consumer, whereas Becky can drink either Coca-Cola or Pepsi products. Nita’s demand for Coca-Cola wi
mafiozo [28]

Answer:

The answer is:

Inelastic

Elastic

Explanation:

Nita’s demand for Coca-Cola will be relatively more inelastic i.e his demand will not be sensitive to price. Increasing the price of Coca-cola will not make Nita to change its taste because he is a devoted Coca-Cola consumer.

Becky’s demand will be relatively more elastic because he has an option to choose between Pepsi and Coca-cola.

Any increase in price of Coca-cola will make Becky to shift to Pepsi.

5 0
3 years ago
Patriot Co. manufactures and sells three products: red, white, and blue. Their unit selling prices are red, $20; white, $35; and
vagabundo [1.1K]

Answer:

a. break even number in units = $250,000 / $10.0908 = 24,775.04

red units = 24,775.04 x 5/11 = 11,261.38 ≈ 11,262 units

total sales = 11,262 x $20 = $225,240

white units = 24,775.04 x 4/11 = 9,009.11 ≈ 9,010 units

total sales = 9,010 x $35 = $315,350

blue units = 24,775.04 x 2/11 = 4,504.55 ≈ 4,505 units

total sales = 4,505 x $65 = $292,825

total sales = $833,415

b. new break even number in units = $300,000 / $19.4545 = 15,420.60

red units = 15,420.60 x 5/11 = 7,009.36 ≈ 7,010 units

total sales = 7,010 x $20 = $140,200

white units = 15,420.60 x 4/11 = 5,607.49 ≈ 5,608 units

total sales = 5,608 x $35 = $196,280

blue units = 15,420.60 x 2/11 = 2,803.75 ≈ 2,804 units

total sales = 2,804 x $65 = $182,260

total sales = $518,740

c. Management should start using the new material as soon as possible since it doesn't only decrease the break even point, if sales level remain the same, it will increase operating profits.

Explanation:

red's contribution margin = $8

white's contribution margin = $13

blue's contribution margin = $12

sales mix = 5:4:2

weighted contribution margin = ($8 x 5/11) + ($13 x 4/11) + ($12 x 2/11) = $3.6363 + $4.2727 + $2.1818 = $10.0908

new contribution margin:

red's contribution margin = $14

white's contribution margin = $25

blue's contribution margin = $22

sales mix = 5:4:2

weighted contribution margin = ($14 x 5/11) + ($25 x 4/11) + ($22 x 2/11) = $6.3636 + $9.0909 + $4 = $19.4545

4 0
3 years ago
Is it true that when you plug your nose and eat, an Apple, and Onion, or ginger, they all taste the same?
Mrrafil [7]

Answer:

No

Explanation:

Just why- why would you ask this?

6 0
3 years ago
Read 2 more answers
any constituent who has a claim in some aspect of a company's products, operations, markets, industry, or outcomes is known as w
disa [49]

Answer:

Stakeholders

Explanation:

A stakeholder is anybody to takes key interest in the functioning of an organization. Stakeholder is directly or indirectly affected by the success and failure of the organization. A stakeholder could be an investor who has invested money in the firm; a customer who uses the products manufactured by the firm; a debtor who owes money to the firm or creditor who the firm owes money.

As such, a stakeholder is related to the firm through one or the other medium such as markets, industry or operations.

6 0
3 years ago
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