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4 years ago

5

Lyn files a suit against karl. karl denies lyn charges and sets forth his own claim that lyn breached their contract and owes ka

rl money for the breach. karl's claim is

1 answer:

Whitepunk [10]4 years ago

8 0

Karl's claim is a counter claim against lyn

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Which of the following is considered a constructive delivery of a gift?

Hoochie [10]

Answer:

A) giving the key to a safe-deposit box where the gift is kept

Explanation:

A Constructive delivery possession is that acquisition when here a symbolic transfer of property. The constructive distribution of the possession is basically a right that the property is not actually managed
But the donor has done something to convey the possession, but the property is of such a nature that physical possession is then not possible, the creative possession of the property is sufficient to carry out the act of gift.

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3 years ago

A food truck is an example of which kind of distribution channel?

Schach [20]

Did you ever find the answer?

4 0

4 years ago

Read 2 more answers

In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.

Firdavs [7]

Answer:

3.5

Explanation:

Computation for the firm’s times interest earned ratio

Revenues$ 2.95 million

Cost of goods sold$ 2.45 million

Depreciation expense$ 178,000.00

Book values of Debt outstanding$ 1.15 million

Interest rate8.00

First step is to calculate for the EBIT

Using this formula

EBIT= Revenues -(Cost of goods sold +Depreciation expense$ 178,000.00)

EBIT=$2,950,000-($2,450,000+$178,000)

EBIT=$2,950,000- $2,628,000

EBIT=$322,000

Second step is to find the Interest

Using this formula

Interest =Debt outstanding with book value ×Interest rate

Let plug in the formula

Interest =$1,150,000×8%

Interest =$92,000

Now let find the firm’s times interest earned ratio

Using this formula

Firm’s times interest earned ratio=EBIT/INTEREST

Where,

EBIT=$322,000

INTEREST=$92,000

Let plug in the formula

Firm’s times interest earned ratio=$322,000/$92,000

Firm’s times interest earned ratio =3.5

Therefore the firm’s times interest earned ratio will be 3.5

7 0

4 years ago

Calculate the EBIT for a firm with $4 million total revenues, $3.5 million cost of goods sold, $500,000 depreciation expense, an

Vitek1552 [10]

Answer:

$0

Explanation:

Given that,

Total revenues = $4,000,000

Cost of goods sold = $3,500,000

Depreciation expense = $500,000

Interest expense = $120,000

Earnings before interest and taxes (EBIT):

= Total revenues - Cost of goods sold - Depreciation expense

= $4,000,000 - $3,500,000 - $500,000

= $0

Therefore, the EBIT for a firm is $0.

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3 years ago

Which one of the following parties can sell shares of ABC stock in the primary market?-ABC company-Any corporation, other than t

horsena [70]

Answer:

ABC company

Explanation:

Basically there are two markets i.e primary market and the secondary market.

The primary market is the market in which the initial public offer is taking place that means the new security is first offered to the public by the company whereas, in the secondary market, the broker or investor is involved while offering the securities.

In the given situation, the ABC company itself is involved while selling the shares of ABC stock in the primary market

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4 years ago