Answer:
D. All of the above.
Explanation:
Arbitration refers to a process where a legal dispute is solved by using an impartial third party called the arbitrator (or arbitrators) that acts like a judge that will decide which party is correct. Since the arbitration process is generally voluntary, all the parties involve must agree to follow and respect the arbitrator's decision.
In order for an arbitration process to take place, the contract between the parties must include the arbitration clause and all the parties involved must have agreed to it by signing the contract. Rarely, arbitration can be mandatory because certain legal statues require it.
Answer:
Dr land $278,000
Dr building $347,500
Dr equipment $556,000
Dr inventories $208,500
Cr cash $1,390,000
Explanation:
The total amount spent in acquiring the assets is $1,390,000 which needs to be shared between the assets acquired on the basis of individual values of the assets
Total of individual assets' values=$304000+$380000+ $608000+$228000=$ 1,520,000.00
Cost attributable to land:$304000/$1520000*$1,390,000=$ 278,000.00
Cost attributable to Building:$380000/$1520000*$1390000=$ 347,500.00
cost attributable to equipment=$608000/$1520000*$1390000=$556,000.00
cost attributable to inventories=$228000/$1520000*$1390000
=$208,500.00
Company’s products or services
Answer:
$332 favorable
Explanation:
The computation of the spending variance is shown below:
= Actual supplies cost - flexible supplies cost
where
Actual supplies cost is $2,310
And, the flexible supplies cost would be
= Actual level of activity × price per vehicle + supplies cost per month
= 54 vehicles ×$13 + $1,940
= $702 + $1,940
= $2,642
Now put these values to the above formula
So, the value would equal to
= $2,310 - $2,642
= $332 favorable