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bulgar [2K]
3 years ago
8

Ambrose enters into a contract to buy 350 acres from belle vista farms to cultivate grapes and open a winery. refer to fact patt

ern 15-1. if ambrose breaches the contract, belle vista's remedy would most likely be
Business
1 answer:
Rina8888 [55]3 years ago
7 0

Answer:

the difference between the land's contract and market prices.

Explanation:

Ambrose enters into a contract to buy 350 acres from belle vista farms to cultivate grapes and open a winery. refer to fact pattern 15-1. if ambrose breaches the contract, belle vista's remedy would most likely be THE DIFFERENCE BETWEEN THE LAND'S CONTRACT AND MARKET PRICES.

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Shareholders may prefer the compensation package that includes stock options because the options give the CEO the incentive to m
OLEGan [10]

Answer: True

Explanation:

There exists a problem known as the Agency Problem between managers and the shareholders of a company. The manager is the agent and the shareholders are the owners. Sometimes, it has been shown that the agent might act in their best interests as opposed to be best interests of the owners of the business.

To solve this, the manager should be made an owner as well and one way to do so is to give them stock options. This way, they will be motivated to work hard for the owners because they will benefit as well.

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The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the ye
Serjik [45]

Answer:

Net Income = $45000

Explanation:

The basic accounting equation states that the value of assets is always equal to the sum of the values of liabilities and equity.

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At the beginning of the year:

295000 = 190000 + Total equity

Total Equity = 295000 - 190000

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The net income earned during the year is appropriated in two ways. It is either retained in the business and transferred to retained earning or paid out as dividends or both. Transfer to retained earnings from net income increases equity.

At the end of the year:

355000 = 220000 + Total Equity

Total Equity = 355000 - 220000

Total Equity = $135000

Ending balance of equity = Opening balance of Equity + issuance of equity(Common stock) + Net Income - Dividends

135000 = 105000 + 35000 + Net Income - 50000

135000 = 90000 + Net Income

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Net Income = $45000

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