(b) Statue of frauds
<span>Statue of frauds is generally the requirement of particular
contracts to be in writing and signed by all parties involved in an agreement.
In the context of real estate, the statue of frauds protects tenants from
unfair eviction or tenancy termination. Similarly, it protects property buyers from
sellers’ “change of mind” or refusal to sell the property on the grounds that
the seller obtained a higher offer price from another interested buyer. However,
there are exemptions to the statue of frauds which vary from state to state. </span>
Answer:
$13.25
Explanation:
The computation of the new book value per share is as follows
current market price per share is
= market value ÷ number of shares outstanding
= $936,000 ÷ 60,000
= 15.6
Now
number of shares to be issued is
= cost of the machine ÷current market price per share
= $498,000 ÷ $15.60
= 31923.07692
Now
The new book value per share is
= (current book value + amount raised from the issuance of shares ) ÷ ( current number of shares + number of shares issued for machinery purchase
= ($720,000 + $498,000 ) ÷ ( 60,000 + 31923.08 )
= $13.25
Answer:
There is something wrong with this question because October to February is not four months, it's five months.
We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).
- 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
- 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200
No option is correct.
Answer:
C. $222,500 ÷ $313,500
Explanation:
Calculation for cost to retail ratio
COST
Beginning inventory $30,000
Add; Purchases $190,000
Add: Freight in $2,500
Cost $222,500
RETAIL
Beginning inventory $45,000
Add: Purchases $260,000
Add: Net mark ups $8,500
Retail $313,500
Therefore, the cost to retail ratio will be
$222,500 $313,500
Answer:
The correct answer is letter "B": for effective communication skills.
Explanation:
Salespeople main tool is <em>persuasion</em>: the act of <em>creating a need</em> where there may not be. A critical skill required for these types of employees is effective communication. Salespeople must find ways to express their ideas through a sales speech that convinces consumers to generate profits out of sales. They also should reshape that speech according to the different types of customers for a product.
