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Anna71 [15]
3 years ago
8

Sally and Tom disagree over the amount of money due under their contract. To avoid involving any third party in a resolution of

the dispute, Sally and Tom might prefer to use the alternative dispute resolution method of a. Arbitration; b. litigation. c. mediation. d. negotiation
Business
1 answer:
Artist 52 [7]3 years ago
6 0

Answer:

d. negotiation

Explanation:

Negotiation is process by which parties in a dispute settle their differences. It aims for achievement of agreement and compromise between the parties, and to avoid argument and dispute. The parties try to achieve the best possible outcome.

Negotiation involves 5 stages:

- Preparation

- Set ground rules

- Clarification and justification

- Bargaining and solving problems

- Implementation

Sally and Tom will try to use the negotiation method to resolve their differences without involving a third party.

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On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the end of an estimated 7 year
Degger [83]

Answer:

Part a

2021  = $7,000

2022  = $6,000

Part b

2021  = $5,250

Explanation:

Sum of the year`s digit method provide for higher depreciation in early life of the asset with lower depreciation in later years.

Step 1

<em>Some of digits calculation :</em>

Year      Digits

2021        7

2022       6

2023       5

2024       4

2025       3

2026       2

2027        1

Total      28

Step 2

<em>Determine the depreciable amount</em>

Depreciable amount = Cost - Residual value

                                   = $40,000 - $12,000

                                   = $28,000

Step 3

<em>Depreciation expense calculations</em>

2021 = 7 / 28 x $28,000 = $7,000

2022 = 6/ 28 x $28,000 = $6,000

assuming the equipment was purchased on March 31, 2021

2021 = $7,000 x 9/12 = $5,250

3 0
3 years ago
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historic
Dmitriy789 [7]

Answer:

d) 420

Explanation:

In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula

Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)

Forecast(This year) = 0.5*300 + 0.3*500 + 0.2*600

Forecast(This year) = 150 + 150 + 120

Forecast(This year) = 420

6 0
3 years ago
Several factors affect a firm’s need for external funds. Evaluate the effect of each following factor and place a check next to
Studentka2010 [4]

Answer:

1.

  • The firm increases its dividend payout ratio.

This will increase the need for external funds because with more funds going towards dividends, there will be less funds available to fund operations. The company will therefore be more probable of being in need of Additional funds.

  • The firm’s inventory turnover decreases, with no effect on the sales forecast.

If the firm's inventory turnover increases, it means that the firm is taking longer to sell off inventory. This will mean that the company will have to invest more in working capital to maintain these inventory levels. This will lead to a higher probability of them needing additional funds.

2. Yes, dividends still affect a firm’s AFN even though they are paid out of after-tax earnings.

Even though they are paid after-tax, they still eat into the funds that the business can be able to set aside to fund operations. So when dividends are paid, the need for AFN increases as well.

5 0
4 years ago
Luke Corporation issued at a premium of $5,000 a $100,000 bond issue convertible into 2,000 shares of common stock (par value $2
In-s [12.5K]

Answer:

Face Value of Bonds = $100000

Unamortized Premium = $2000

Conversion of Equity Shares = 2000 * $20 = $40,000

Paid in Capital in Excess of Par = $100000 + $2000 - $40000 = $62000

            Journal Entries

Account Title & Explanation     Debit     Credit

Bond Payable Account            $100000

Unamortized Premium             $2000

    Common Stock                                     $40000

    Paid in Capital in Excess of par           $62000

(To record conversion of Bonds)

8 0
3 years ago
What does it mean if the government runs out of money
melomori [17]

Debt ceiling crisis!

we call it debt ceiling crisis

8 0
3 years ago
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