The correct answers to these open questions are the following.
Maple Farms, Inc. v. City School District of Elmira.
Could something like this bankrupt a company?
Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.
Do you agree with the decision?
It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.
In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.
That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.
A segment should probably be dropped when the segment has important side effects on other segments cannot cover its own costs. The correct option is B.
<h3>What is a segment margin?</h3>
The profit or loss generated by one component of a business is referred to as segment margin.
Segment margin only considers the segment's revenue and expenses.
By analyzing a company's strengths and weaknesses, segment margin can provide an accurate picture of where it is performing well and where it is not.
If a segment cannot cover its own costs, it should be dropped unless it has significant side effects on other segments.
Thus, the correct option is B.
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Answer:
Tax Savings = 200
Explanation:
If Ward and June carry the bond, tax would be:
⇒ Interests * tax rate
⇒ 1000 * 32% = 320
They gift bond to their son, Wally, whose tax would be:
⇒ Interests * tax rate
⇒ 1000 * 12% = 120
The tax savings related to the transfer of Bond is:
⇒ 320 - 120 = 200
Answer:
Please check the attachment to this document to get the excel sheet
Gross Profit (8 months from now)=$10,875
Explanation:
Please check the attachments of this post and download the excel sheet.
Best of luck
Answer: Option (A) is correct.
Explanation:
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