Answer:
$5,181.06
Explanation:
For computation of firm's net fixed assets first we need to follow some steps which is shown below:-
Current Ratio = Current Assets ÷ Current Liabilities
Current asset = Current ratio × Current liability
= 1.60 × $970
= $1,552
Profit Margin = Net income ÷ sales
Net income = Profit margin × sales
= 0.098 × $5,175
= 507.15
Long term debt ratio = Long term debt ÷ (Long term debt + Total equity)
0.50 = Long term debt ÷ (Long term debt + 2881.53)
Long term debt = 1440.765 ÷ (1 - 0.5)
= 2881.53
Total debt = Current liability + Long term debt
= 970 + 2881.53
= 3851.53
Total Asset = Total debt + Total equity
= 3851.53 + 2881.53
= $6733.06
Net fixed Asset = Total Asset - Current Asset
= $6,733.06 - $1,552
= $5,181.06
B bc it’s the right answer i just did it in my test
Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
Answer:
GDP = $14,755.1 and expenditure approach
Explanation:
The formula to compute the GDP is shown below:
GDP = Personal consumption expenditures + Gross private domestic investment + Government consumption expenditures and gross investment + Net exports
where,
Net exports = Exports - imports
= $1,935.3 - $2,435.5
= -$500.2
So, the GDP is
= $10,417.1 + $1,818 + $3,020.2 - $500.2
= $14,755.1
And, the summing of all this items which are shown above while calculating the GDP is known as expenditure approach
