Oceans inc., a seafood distributor, agrees to buy from paul, a commercial fisherman, any "overstock" of fish that paul catches in excess of his legal limit. This agreement is most likely void.
the act of agreeing or of coming to a mutual association. the kingdom of being in accord. An arrangement is ordinary with the aid of all events to a transaction. An agreement or different record delineating such an association. The unanimity of opinion; harmony in feeling: settlement of some of the individuals of the school.
An agreement is a promise between entities to grow mutual obligations with the aid of regulation. segment 2(e) of the Indian contract Act, 1872 defines an agreement as 'each promise and each set of promises, forming the attention for every other, is an agreement.
The definition of agreement manner is the act of coming to a mutual selection, position, or arrangement. An instance of an agreement is the choice among two human beings to percentage the lease in an apartment.
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The first test case should fail. When all the test results are completed, you will save the test case results
Answer:
c. Division 1 should continue to do business with Division 2 because Division 1's variable cost per part is only $18.
Explanation:
Since the variable cost per part is only $18 and Division 1 sells to Division 2 at $25, it is in the company's overall interest that business should continue between the two divisions.
The cost of getting the part from outside is $26. This will incur more cost to the company and create excess capacity for Division 1.
Fixed costs are not relevant in making a decision of this nature. The costs would be incurred irrespective of the decision made. They are therefore irrelevant. The relevant cost is the variable cost of $18 per unit. It should be the focus of the decision, including the possibility of excess capacity for Division 1.
Answer:
The answer is $2,225,000
Explanation:
Cost of acquisition is $1,775,000
Meyer company's share of net income in Gannon corporation:
60% of $1,000,000
0.6 x $1,000,000
= $600,000
Meyer company's share from cash dividend in Gannon corporation
60% of $250,000
0.6 x $250,000
= $150,000
The balance in the equity investment account at December 31, 2021 should be:
$1,775,000 + $600,000 – $150,000
= $2,225,000
Answer:
Portfolio return = 11.08%
Explanation:
<em>The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.</em>
The expected return can be determined as follows
Weighted of stock A= 15,200/(15200+23400)=0.39
Weight of stock B = 23.400/((15200+23400)= 0.61
Expected return on portfolio = (0.39 ×8.90% ) + (0.61*12.50%)= 11.08 %
