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-BARSIC- [3]
3 years ago
13

1. National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. Nationa

l is subject to the jurisdiction of a. Nebraska, Kansas, and Missouri. b. Nebraska and Kansas, but not Missouri. c. Nebraska and Missouri, but not Kansas. d. Kansas and Missouri, but not Nebraska.
Business
1 answer:
Gwar [14]3 years ago
4 0

<u>National Computers, Inc., was incorporated in Nebraska, has its main office in Kansas, and does business in Missouri. National is subject to the jurisdiction of </u>( a)Nebraska, Kansas, and Missouri

Explanation:

<u>There are certain Jurisdiction Based on Real Property Ownership  which are limited and are termed as "in rem" jurisdiction</u>

A state( Kansas ,Missouri) has limited jurisdiction (which lawyers term as  "in rem" jurisdiction) over a non-resident person or business that owns real property in the state. The Jurisdiction  is limited in two ways:

  • Jurisdiction is applicable only to the fair market value of the real property. This means that if you sue a non-citizen who owns an business  worth $800,000, then in this case  ,your judgment can be worth is $800,000.
  • Also if , the claim  is  related to the property. For example, if you met an accident on the property of a non-resident owner of an business house, you could get jurisdiction over the owner. But you could probably not get jurisdiction over the non-resident owner if the lawsuit grows out of an entirely separate problem that has nothing to do with the apartment house.
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. El Capitan Foods has a capital structure of 36% debt and 64% equity, its tax rate is 35%, and its beta (leveraged) is 1.4. Bas
almond37 [142]

Answer:

The firm's unleveraged beta is 1.0251

Explanation:

Hamada's equation  is used to separate the financial risk of a levered firm from its business risk.

The Hamada equation:

Bu= Bl/(1 + (1 − T)(D/E))

Bl = 1.4

wd = 0.36

Tax rate = 35%

D/E = wd / (1 – wd) = 0.5625 = 56.25%

= 1.4/ (1+(1-0.35)(0.5625))

=1.4/ 1 + (0.65)(0.5625)

=1.4/1.36

= 1.0251

5 0
3 years ago
Mayra offers to sell her home to Hanna for "about $100,000 plus closing costs" and has no other comments, provisions, or discuss
Ivanshal [37]

Answer:

The most probable result is that the court will declare the contract invalid and non-binding because the purchase price and important terms regarding the consideration involve are too vague and indefinite.

In order for a contract to be considered valid and binding, consideration must exist and the more precise the terms, the better. Consideration is something of value that both parties exchange. In this case it is a house vs. money, but the price is not specified.

4 0
3 years ago
Which of the following is not properly classified as property, plant, and equipment? a. Land used in ordinary business operation
Vilka [71]

Answer:

b. A truck held for resale by an automobile dealership

Explanation:

Property plant and equipment are physical or tangible assets used by an organization in the ordinary course of business. They include Land and building used in ordinary business operations, plant and machinery used in production, Land improvements, such as parking lots and fences etc. Such assets are usually depreciated as they are used and in accordance with the organization's policy. However, assets held for sale are not used by the organization in the ordinary course of business rather, the company holds them till such assets are sold.  No depreciation is computed on the assets held for sale. Hence, from the options given, a truck held for resale by an automobile dealership is the only item held for sale and does not qualify for recognition as property plant and equipment. The right answer is b.

7 0
3 years ago
Milden Company is a merchandiser that plans to sell 25,000 units during the next quarter at a selling price of $52 per unit. The
marta [7]

Answer:

Instructions are listed below

Explanation:

1) A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales= 25000q*$52= $1300000

Variable costs:

Cost of good sold= $22*25000= 550000

Sales commissions=sales*0,05=65000

Shipping expense= $6*25000= 150000

Total variable cost= $765000

Contribution margin=$535000

Fixed costs:

Advertising expense= $172,000

Shipping expense= $54,000

Administrative salaries= $82,000

Insurance expense= $9,200

Depreciation expense= $52,000

Total fixed cost= $369200

Net profit= $165800

2)The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

In this exercise:

Revenues= 1300000

COGS= 550000

Gross profit= 750000

Sales commissions=sales*0,05=65000

Shipping expense= $6*25000+54000= 204000

Advertising expense= 172000

Administrative salaries= 82000

Insurance expense= $9200

EBITDA= 532200

Depretiation= 52000

Net profit= $165800

7 0
3 years ago
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches
vlada-n [284]

Answer:

0.89 orders per minute

Explanation:

As per the data given in the question,

Batch size = 4 orders

Here, process 1 = cooking

process 2 = Bagging and payment accepting

Time taken to complete process 1 by cooking a batch of 4 orders

= 3 × 1 + 0.5 × 3

= 4.5 minutes

Time taken to complete process 2 by Bagging and payment accepting of 4 orders

= 0.80 × 4

= 3.2 minutes

Time in process 1 is greater than time taken in process 2

Since, process 1 is bottleneck operation So, it will decide the capacity of project. therefore,

Overall capacity = 4.5 minutes for 4 orders

Therefore number of orders = 4 ÷ 4.5

= 0.89 orders per minute

Hence, Process capacity = 0.89 orders per minute

8 0
3 years ago
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