1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RideAnS [48]
2 years ago
5

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

Business
1 answer:
Hoochie [10]2 years ago
7 0

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.
You might be interested in
What are some of the possible pitfalls of owning a credit card? Check all that apply. A Only paying the minimum balance due. B P
Aliun [14]

Answer:

<em>C. Paying your bill late.</em>

<em>E. Juggling too many cards.</em>

Explanation:

6 0
3 years ago
Last year, Courtney Company reported sales of $640,000, a contribution margin of $160,000, and an operating loss of ($40,000). B
Elanso [62]

Answer:

 Break-even sales         =  $800,000.

Explanation:

<em>The beak-even point is the units of products to be sold or number of customers to be served to enable a business to cover exactly its total cost from the revenue. At the break-even point, the business makes no profit or no loss because the contribution from sales exactly equals the total fixed cost</em>

<em>Break-even in sales revenue = Total fixed cost/Contribution margin</em>

<em>Contribution margin (%) = Contribution/ sales ×  100</em>

                                        = 160,000/640,000

                                        = 0.25 ×  100

                                        = 25%

<em>Fixed cost =   Contribution -   operating income</em>

                                    = 160,000- -( 40,000)

                             = 160,000 + 40,000

                             = 200,000

<em>Break-even point sales = 200,000/25%</em>

                                       =  $800,000.

3 0
3 years ago
If a firm establishes maximizing profits at the most important goal of the firm, which of the following would not be given prope
Dima020 [189]

Answer:

It is Risk (C)

Explanation:

Sales Revenue : A company with profit maximization objective will adopt every necessary strategy and marketing techniques to increase it sales revenue.

Expenses : In order to maximize profit, all discretionary expenses and costs must be kept as low as possible .

Risk : A profit-conscious company will not be mindful of risk regardless of their impact and will be ready to take higher risk. The higher the risk, the higher the return and vice-versa.

Cost of goods Sold : these represents direct costs incurred to generate revenue. Hence, in order to maximize profit, this must be kept low as well.

6 0
3 years ago
A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation
mario62 [17]
The answer would be false
7 0
3 years ago
Beech Company produces a single product. The company has 50,000 units in its beginning inventory. Beech's variable production co
sdas [7]

Answer:

Closing inventory = 54,000 units

Explanation:

<em>The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.</em>

<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit</em>

Difference in profit = POAR × change inventory

POAR- fixed overhead cost per unit- $10,

Difference in profit - $120,000

let the change inventory be y

120,000 = 30 ×   y

y= 120,000/30

y = 4000 units

Inventory at the end = opening inventory  + change inventory

                               = 50,000 + 4000  

                               = 54,000 units

<em>Note; An increase in inventory will produce a higher profit using absorption costing. Hence, we added the change inventory to the opening inventory, to reflect an increase in inventory</em>

7 0
3 years ago
Other questions:
  • On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 9% bonds with a book value of $970,500. The indenture spec
    11·1 answer
  • A machine can be purchased for $288,000 and used for five years, yielding the following net incomes. In projecting net incomes,
    13·1 answer
  • A dollar in hand today is worth_______(less than/more than/equivalent) a dollar to be received in the future because if you had
    5·1 answer
  • In order for "limit pricing" to be effective, the firm practicing such a strategy must be able to charge a price that is:_______
    8·1 answer
  • Embryological studies suggest that the most ancient chordates were related to the ancestors of: a. birds b. dinosaurs c. mollusk
    7·1 answer
  • A production department’s beginning inventory cost includes $478,000 of conversion costs. This department incurs an additional $
    6·1 answer
  • How does unsafe food harm us<br>​
    15·2 answers
  • That is it called when you give up something to have<br> something else
    11·1 answer
  • Choose the letter of the item that best completes the statement or answers the question. Last year Jackson earned $500,000, Vele
    5·1 answer
  • flextime means that the employee has complete control over their work hours and can work anytime of the day or night for as many
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!