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makkiz [27]
3 years ago
5

Flavors of the southwest, inc., contracts to deliver a certain quantity of food and beverages every weekday to geo construction'

s work site. later, the parties decide to cancel their contract. they can
Business
1 answer:
IrinaK [193]3 years ago
5 0
The situation is an illusory promise. An illusory promise is created when both Southwest Inc. and Geo Construction lacks in mutuality and only Southwest Inc is offering. In the end, the Southwest Inc did not continue sending because Geo Construction has the possibility that whether the food tastes great or not, they cannot assure if they will be paid.
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Equity Method for Stock Investment On January 4, Year 1, Ferguson Company purchased 108,000 shares of Silva Company directly fro
r-ruslan [8.4K]

Answer:

a)

January 4, year 1, investment in Silva Company (36% of outstanding stocks)

Dr Investment in Silva Company 5,184,000

    Cr Cash 5,184,000

July 2, year 1, distributed dividends ( $292,000 x 36%)

Dr Cash 104,400

    Cr Investment in Silva Company 104,400

December 31, year 1, net income reported by Silva Company ($971,000 x 36%)

Dr Investment in Silva Company 349,560

    Cr Revenue from investment in Silva Company 349,560

b)

Balance of Investment in Silva Company = $5,184,000 - $104,400 + $349,560 = $5,429,160

Explanation:

Since Ferguson exercises significant influence over Silva Company, they must record the investment using the equity method.

7 0
3 years ago
Ed logg is credited with the development of which of these games?
Kaylis [27]
I don't know if you have any options, but here is a list of games that Ed Logg is credited with the development of, and then based on that list you can answer your question:
Asteroids, Centipede, Gauntlet, Gauntlet II, Millipede, Rush, Rush 2: Extreme Racing USA, San Francisco Rush 2049, San Francisco Rush: Extreme Racing, and Xybots. 
4 0
3 years ago
Garcia Co. sells snowboards. Each snowboard requires direct materials of $122, direct labor of $52, and variable overhead of $67
lianna [129]

Answer:

$336.60 per unit

Explanation:

The computation of selling price per unit is given below:-

For computing the selling price per unit first we need to follow some steps which is shown below:-

Total fixed costs  = Fixed overhead costs + Fixed selling and administrative costs

= $679,000 + $114,000

= $793,000

Fixed cost per unit  = Total fixed costs ÷ Number of units expected to be produced

= $793,000 ÷ 12,200

= $65 per unit

Total costs per unit  = Direct materials + Direct labor + Variable overhead + Fixed cost per unit

= $122 + $52 + $67 + $65

= $306

Now,

Selling price per unit  = Total cost per unit × (1 + Markup)

= $306 × (1 + 10%)

= $306 × 1.1

= $336.60 per unit

7 0
4 years ago
According to the 2018 Value Line Investment Survey, the growth rate in dividends for Ralph Lauren for the next five years will b
pantera1 [17]

Answer:

Higher than 0.5%

Explanation:

Since the rate of return is calculated as dividend payment/stock price + dividend growth rate and since that growth rate for the next five years will be 0.5 %, than rate of return will be higher than 0.5 %.

4 0
4 years ago
The cost to society for underage alcohol use is more than $ ___________ per year for every man, woman and child in the United St
Fittoniya [83]
The answer is c +-)$$$$

7 0
3 years ago
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