Answer:
Ken must disclose this information as it is a material fact.
Explanation:
A material fact is a fact that a reasonable person would recognize as germane to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision; meaning it would be the most significant information when someone is making a decision, in this instance, whether or not Patrick would buy Jordan’s house. Falsification of a material fact that would cause a party to a contract to refrain from entering into the contract may be grounds for rescission, meaning that Ken has an obligation to disclose this information.
Answer: On agriculture, textiles, and automobiles.
Explanation:
Answer:
a.
Break even in units = 8750 units
b.
Break even in units = 10000 units
Explanation:
The break even in units is the number of units that a business must sell in order to for its total revenue to be equal to total costs and for it to break even. The break even in units is calculated as follows,
Break even in units = Fixed Costs / Contribution margin per unit
Where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
a. Past Year
Break even in units = 70000 / (40 - 32)
Break even in units = 8750 units
b. Coming Year
The property taxes which are a fixed cost will increase by $10000. Thus total fixed cost for coming year will be = 10000 + 70000 = 80000
Break even in units = 80000 / (40 - 32)
Break even in units = 10000 units
Answer:
$2,254
Explanation:
The computation of the amount of the check is shown below:
= Sale value of merchandise - returned goods - discount amount
where,
Sale value of merchandise is $2,500
Returned goods is $200
And, the discount is 2% of $2,300 = $46
So, the amount of the check is
= $2,500 - $200 - $46
= $2,254
We simply applied the above formula so that the correct amount could come
