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shepuryov [24]
3 years ago
12

Amy, a baker, has found her dream home, but cannot afford the down payment. Amy’s brother agrees to loan her $3000 for the down

payment, and Amy agrees to pay him back in one year. Next year, Amy offers to bake her brother’s wedding cake for his wedding next month instead of paying back the loan, so that she can buy new equipment for her bakery. Amy’s brother agrees and accepts the cake. How much money does Amy now owe her brother? $3000, because agreements to accept less than full payment of liquidated debt are non-binding. $3000 less the cost of the wedding cake, because agreements to accept less than full payment of liquidated debt are non-binding. $0 because an agreement to accept different performance in lieu of full payment of liquidated debt is binding. $3000.
Business
1 answer:
Kitty [74]3 years ago
4 0

Answer:

$0 because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

Explanation:

Since there is an agreement between Amy, a baker, and her brother, she owes him $0.

At first, Amy gets a loan of $3,000 from her brother to pay for her dream home. She agrees to pay him back in one year, and that agreement was binding. During the time to pay back the loan, Amy offers to bake her brother's wedding cake instead of paying back the loan and her brother accepts. This has presented a new agreement that overrules the previous agreement. Now instead of paying back the $3,000, she would bake a wedding cake for him. This implies that the wedding cake is equal to $3,000.

Therefore, she owes him $0.

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A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to reco
vaieri [72.5K]

The correct entry to record the transaction concerning the company's sale of 10,000 shares of previously authorized stock is <u>a debit to Cash of $100,000 and a credit to Common Stock $100,000</u>.

<h3>Data Analysis:</h3>

Number of shares sold = 10,000

Par value =$10 per share

Cash $100,000 Common Stock $100,000

Thus, the correct entry to record this stock sale is <u>a debit to Cash of $100,000 and a credit to Common Stock $100,000</u>.

Learn more about recording the issuance of stock here: brainly.com/question/25562729

7 0
3 years ago
If a man originally paid ​$4000 in property​ taxes, what will his new tax payment be if he saves 8​% this​ year?
choli [55]

Answer : The new tax payment when he saves 8 % tax this year is, $3680

Explanation :

As we are given that,

Original property​ tax paid by a man = $4000

Percent rate of saving tax = 8 %

First we have to calculate the amount of tax he saved.

Amount of tax he saved = \$ 4000\times 8\%

Amount of tax he saved = \$ 4000\times \frac{8}{100}

Amount of tax he saved = $320

Now we have to calculate his new tax payment when he saves 8 % tax this year.

New tax payment = Original property​ tax - Amount of tax he saved

New tax payment = $4000 - $320

New tax payment = $3680

Thus, the new tax payment when he saves 8 % tax this year is, $3680

3 0
3 years ago
In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the
snow_lady [41]

The question is in complete (the tutor added $8 as standard material price)

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630. The actual direct labor cost was $38,250 and the actual variable overhead cost was $11,951. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

Assuming a standard material price of $8 per pound

(Note this was added by the tutor)

Answer:

Price variance   $9,370 Favorable

Explanation:

Material price variance

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite

                                                                                                       $

10750 pounds should have cost (10,750 × $8)                     86,000

but did cost (actual cost                                                          <u>76,630</u>

Price variance                                                                          <u>9,370 Favorable </u>

                                               

4 0
3 years ago
A process that is considered to be in control measures an ingredient in ounces. Below are the last ten samples (each of size n=5
nikdorinn [45]

Answer:

nu

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Question : A process that is considered to be in control measures an ingredient in ounces. Below are the last ten samples (each of size n=5) taken. The population standard deviation is 1.36. SAMPLE 1 2 3 4 5 6 7 8 9 10 5 6 9 10 9 10 9 12 8 9 8 9 9 8 12 11 9 9 6 10 6 8 5 7 10 8 10 9 4 12 4 7 3 8 8 6 12 10 4 11 5 4 2 9 8 6 8 6 5 7 Using information from the above table: Calculate the standard deviation of the sample means, σ×. Determine the control limits for the mean chart, using A2 and σ× if z=3. Determine the control limits for the range chart. Construct mean (using A2) and range control charts by using information from (ii) and (iii). Comment on your results.

Question : A process that is considered to be in control measures an ingredient in ounces. Below are the last ten samples (each of size n=5) taken. The population standard deviation is 1.36. SAMPLE 1 2 3 4 5 6 7 8 9 10 5 6 9 10 9 10 9 12 8 9 8 9 9 8 12 11 9 9 6 10 6 8 5 7 10 8 10 9 4 12 4 7 3 8 8 6 12 10 4 11 5 4 2 9 8 6 8 6 5 7 Using information from the above table: Calculate the standard deviation of the sample means, σ×. Determine the control limits for the mean chart, using A2 and σ× if z=3. Determine the control limits for the range chart. Construct mean (using A2) and range control charts by using information from (ii) and (iii). Comment on your results.

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Question

Asked Apr 22, 2020

360 views

Question :

A process that is considered to be in control measures an ingredient in ounces. Below are the last ten samples (each of size n=5) taken. The population standard deviation is 1.36.

SAMPLE

1

2

3

4

5

6

7

8

9

10

5

6

9

10

9

10

9

12

8

9

8

9

9

8

12

11

9

9

6

10

6

8

5

7

10

8

10

9

4

12

4

7

3

8

8

6

12

10

4

11

5

4

2

9

8

6

8

6

5

7

Using information from the above table:

Calculate the standard deviation of the sample means, σ×.

Determine the control limits for the mean chart, using A2 and σ× if z=3.

Determine the control limits for the range chart.

Construct mean (using A2) and range control charts by using information from (ii) and (iii).

Comment on your results.

check_circle

Expert Answer

Step 1

Note- We’ll answer the first three subparts of the question since the exact one wasn’t specified. Please submit a new question specifying the one you’d like answered.

Given data,

Samples

Observation

1

2

3

4

5

6

7

8

9

10

1

5

6

9

10

9

10

9

12

8

9

2

8

9

9

8

12

11

9

9

6

10

3

6

8

5

7

10

8

10

9

4

12

4

4

7

3

8

8

6

12

10

4

11

5

5

4

2

9

8

6

8

6

5

7

Step 2

The method of standard deviation is similar to the population standard deviation.

Operations Management homework question answer, step 2, image 1

The standard deviation of the sample mean can be calculated by the following formula.

Operations Management homework question answer, step 2, image 2

On substituting the given value in the formula.

Operations Management homework question answer, step 2, image 3

Hence, the standard deviation for the sample mean is 0.60

Step 3

Ans 2:

(x-bar) is calculated by calculating the average of given numbers in a column and Range is calculated by subtracting the largest value from the smallest value.

Samples

Observation

1

2

3

4

5

6

7

8

9

10

1

5

6

9

10

9

10

9

12

8

9

2

8

9

9

8

12

11

9

9

6

10

3

6

8

5

7

10

8

10

9

4

12

4

4

7

3

8

8

6

12

10

4

11

5

5

4

2

9

8

6

8

6

5

7

5.6

6.8

5.6

8.4

9.4

8.2

9.6

9.2

5.4

9.8

Range R

(8-4)

= 4

(9-4)

= 5

(9-2)

= 7

(10-7)

= 3

(12-8)

= 4

(11-6)

= 5

(12-8)

= 4

(12-6)

= 6

(8-4)

= 4

(12-7)

= 5

...

Explanation:

it is too tough PlZzzzz follow me

8 0
4 years ago
A property owner had a stroke and is unable to take care of himself. He has no heirs so a court placed him in a nursing home and
julia-pushkina [17]

Answer: Tax lien

Explanation:

Tax lien could be defined as a federal obligation which the government carries out when you fail to pay tax debt. The government accumulates the total tax.

The property owner got exposed as regards tax payment plan which was not paid.

federal tax lien is the government's legal claim against your property when you neglect or fail to pay a tax debt. ..

3 0
3 years ago
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