Answer: Wendy
Explanation:
Wendy married Peter on the condition that his father would give her a million dollars for it.
They even drew up a contract/written agreement to that amount.
Wendy then fulfills her end of the bargain by marrying Peter.
Peter's father as the other party to the agreement now refuses to meet his.
He has broken the terms of the the Agreement so if she sues, she is likely to win.
Answer:
The correct answer is option (A).
Explanation:
According to the scenario, the computation for the given data are as follows:
Operating cash flow = Sales - Cost of Goods Sold - Tax
Where, Tax = Sales - Cost of Goods Sold - Depreciation - Interest Expense × Rate of Tax
So, Tax = $30,774 - $21,956 - $3,596 - $604 × 23% = $1,062.14
By putting the value in the formula, we get
Operating Cash Flow = $30,774 - $21,956 - $1062.14
= $7,755.86
or = $7,756
Answer:
$13,000
Explanation:
Net income= net sales -net expenditure
in this case:
net sales=$126,000
net expenses = $113,000 {COGS + operating exp.+other exp.}
Net income= $126,000-$113,000
=$13,000
Answer:
1 year rate 2 year from now = 12% (Approx)
Explanation:
Given:
1-year rate = 8%
2-year rate = 9%
3-year rate = 10%
Computation:
According to Pure Expectations Hypothesis,
(1 + 3-year rate)³ = (1 + 2-year rate)² (1 + 1 year rate 2 year from now)
(1.10)³ = (1 + 1.09)²(1 + 1 year rate 2 year from now)
1.331 = 1.1881 (1 + 1 year rate 2 year from now)
(1 + 1 year rate 2 year from now) = 1.12
1 year rate 2 year from now = 0.12
1 year rate 2 year from now = 12% (Approx)