Answer:
Bump clause
Explanation:
A bum clause is a clause that is used in real state transactions that allows the sellers to get into a contract with a buyer while allowing them to maintain the property in the market and if they get another offer, they have the right to take it. This is generally used when buyers include conditions like selling their home first to allow the seller to keep looking for another opportunity.
According to this, the answer is that the type of clause that enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offer from a second buyer is a bump clause.
Answer: For duty-free or zero tariffs on as wide a range of products as possible.
Explanation: The best trade deals aim for duty-free or zero tariffs on as wide a range of products as possible. Better trade deals also include more than just goods. They extend pledges and commitments to include trade in services and investment.
Answer:
Last Fiscal Year:
Interest Expense = $5550
Current Fiscal Year:
Interest Expense = $11100
Explanation:
According to the accrual basis of accounting, the expenses and revenues relating to a certain period should be recorded in that particular period whether of not they have been received. The fiscal year of Kieso ends on 31 December and as the loan was taken one month prior to the start of the current fiscal year, it was taken at the start of December of last fiscal year.
This means that the interest expense on loan relating to last December will be charged to the last fiscal year and the interest expense relating to January and February will be charged to the current fiscal year. The interest expense amount will be calculated as follows,
Last Fiscal Year = 740000 * 9% * 1/12 => $5550
Current Fiscal Year = 740000 * 9% * 2/12 => $11100
Answer:
False
Explanation:
The contribution margin will be higher for the company with the highest fixed expenses. Contribution margin = selling price - variable cost
For example:
Company A Company B
sales price per unit $100 $100
total costs per unit $80 $80
variable costs per unit $50 $40
<u>fixed costs per unit $30 $40 </u>
contribution margin $50 $60
Answer:
Option "C" is the correct answer to the following question.
Explanation:
Cost of goods sold includes all types of expenses related to a product.
Any type of expenses during the year can be adjusted in the cost of goods sold for that product. underdeveloped or overdeveloped overhead can also be adjusted in the cost of goods sold for the particular year.
so the correct answer to the given statement is the Cost of Goods sold.
