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2 years ago

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.

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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:

C. Paying your bill late.

E. Juggling too many cards.

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:

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

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

Contribution margin (%) = Contribution/ sales × 100

= 160,000/640,000

= 0.25 × 100

= 25%

Fixed cost = Contribution - operating income

= 160,000- -( 40,000)

= 160,000 + 40,000

= 200,000

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

= $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:

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

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

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

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

7 0

3 years ago