Which best describes the difference in the duties of restaurant employees who work inside and outside a kitchen?

If a contract term is ambiguous a court can consider extrinsic evidence a. True b. False

Gnoma [55]

The correct answer is true. It is because if the contract term is likely ambiguous, the court will likely consider this as an extrinsic evidence or that the ambiguity is likely to be interpreted against the party who is responsible for drafting the term.

3 0

3 years ago

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Portions of the financial statements for Peach Computer are provided below.

mamaluj [8]

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

4 0

3 years ago

CCC Corp has a beta of 1.5 and is currently in equilibrium. The required rate of return on the stock is 12.00% versus a required

Oxana [17]

Answer:

CCC's new required return be 16.5%

Explanation:

For computing the new required return, first, we have to compute the risk-free rate of return which is shown below:

Expected return = Risk- free rate of return + Beta × (Market risk - Risk- free rate of return)

12% = Risk- free rate of return + 1.5 × (10% - Risk- free rate of return))

12% = Risk- free rate of return + 15% - 1.5% Risk- free rate of return

So, the Risk- free rate of return is 6%

Now the average stock is increased by 30%

So, the new market risk is 13% and other things will remain constant

So, the new required return equal to

= 6% + 1.5 × (13% - 6%)

= 6% + 1.5 × 7

= 16.5%

8 0

3 years ago

telmack Corporation, a manufacturing Corporation, has provided data concerning its operations for September. The beginning balan

nignag [31]

Answer:

Direct material= $51,000

Explanation:

Giving the following information:

Beginning inventory= $20,000

Ending inventory= $27,000.

Raw materials purchases during the month totaled $63,000.

$3,000 consisted of raw materials classified as indirect materials.

First, we need to calculate the total raw material used in production:

Raw material used= beginning inventory + purchases - ending inventory

Raw material used= 20,000 + 63,000 - 27,000= 54,000

Now, the direct material used:

Direct material= 54,000 - 3,000= $51,000

7 0

3 years ago

Samuelson and Messenger (SAM) began 2021 with 210 units of its one product. These units were purchased near the end of 2020 for

ivann1987 [24]

Answer:

FIFO

Ending inventory: = 6745

Cost of goods sold: = 5120

AVERAGE

Ending inventory: 6215

Cost of goods sold: = 5650

Explanation:

The FIFO (First input, first output) method allows you to make an inventory valuation, taking into account that the first items that enter the stock are the first ones that come out.

In the method of valuation of weighted average cost inventory, a weighted average is used to determine the cost of goods sold and the value of the inventory. To do this, the cost of the goods available for sale is divided by the number of units available for sale.

(See the attached form to see the calculations)

Download docx

3 0

3 years ago