All categories

3 years ago

Arrangement in which a buyer purchases the right to sell the good or service of the seller is called _________.

Business

1 answer:

gtnhenbr [62]3 years ago

8 0

Answer:

A sell and purchase agreement (SPA)

Explanation:

A sales and purchase agreement (SPA) is a binding and legal contract between two parties that obligates a transaction between the two parties: the buyer and the seller. SPA are typically used for real estate transactions, but they are found in all areas of business. The agreement finalizes the terms and conditions of the sale, and it is the culmination of negotiation between the buyer and the seller

You might be interested in

Jackson manages an upscale French restaurant in the Washington, DC, area. His restaurant offers a few specials each evening in a

alekssr [168]

Answer:

The correct answer is knowledge.

Explanation:

Jackson does not want to let go of any type of disadvantages in the attention of his prestigious restaurant and transmits all the knowledge applied to this area in order to achieve the best attention in his restaurant, and that this be perceived by diners. Knowledge in a restaurant is essential, since it is the main means of communication between the restaurant and its guests, and it is on this interaction that people return to taste their dishes.

6 0

4 years ago

To manufacture 3,000 pairs of sandals in a week, a firm can use 3,600 workers and 135 machines or 270 machines and 3,300 workers

Goryan [66]

Answer:

3,600 workers and 135 machines is more technically efficient.

Explanation:

a. For 3,600 workers and 135 machines

Worker technical efficiency = 3,600/3,000 = $120%

Machine technical efficiency = 135 / 3,000 = 4.50%

Average technical efficiency = (120% + 4.5%) / 2 = 62.25%

b. For 270 machines and 3,300 workers.

Worker technical efficiency = 270/3,000 = $9%

Machine technical efficiency = 3,300 / 3,000 = 110%

Average technical efficiency = (9% + 110%) / 2 = 59.50%

Conclusion

Since the average technical efficiency of 62.25% is higher than 59.50%, 3,600 workers and 135 machines is more technically efficient.

3 0

4 years ago

Kansas Enterprises purchased equipment for $81,000 on January 1, 2021. The equipment is expected to have a five-year service lif

MrRissso [65]

Answer:

Depreciation expense for 2021 will be $14700

Explanation:

The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,

Depreciation expense = (Cost - Residual value) / Useful life of the asset

Depreciation expense = (81000 - 7500) / 5

Depreciation expense = $14700

7 0

3 years ago

Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Jani

ArbitrLikvidat [17]

Instead of joining groups to learn more about the two fields, Janice should job shadow in the medical career and also her family members on the job. By job shadowing, she would get a better feel for what the work environment and everyday life would be like in that career instead of just what some groups teach about the different fields. Medical and farming are two large career fields with any different smaller job opportunities within.

8 0

3 years ago

Read 2 more answers

On January 1, 2020, Oriole Company purchased 12% bonds, having a maturity value of $320,000 for $344,260.74. The bonds provide t

n200080 [17]

Answer:

face value $320,000, coupon rate 12%

current market value $344,260.74, effective interest rate 10%

maturity in 5 years, coupon paid yearly

(a) Prepare the journal entry at the date of the bond purchase.

Dr Investment in bonds (AFS) 320,000

Dr Premium on investment in bonds (AFS) 24,260.74

Cr Cash 344,260.74

(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020.

unamortized premium = ($320,000 x 12%) - ($344,260.74 x 10%) = $38,400 - $34,426.07 = $3,973.93

Journal entry to record accrued interests:

Dr Interest receivable - investment in bonds (AFS) 38,400

Cr Interest revenue 34,426.07

Cr Premium on investment in bonds (AFS) 3,973.93

Journal entry to record recognition of fair value 2020

fair market value $342,000 - $340,286.81 (carrying value) = $1,713.19

Dr Fair value adjustment - equity 1,713.19

Cr Unrealized gain on investment in bonds bonds (AFS) 1,713.19

unamortized premium = ($320,000 x 12%) - ($340,286.81 x 10%) = $38,400 - $34,028.68 = $4,371.32

fair market value $329,700 - carrying value $335,915.49 = -$6,215.49

Dr Unrealized loss on investment in bonds bonds (AFS) 6,215.49

Cr Fair value adjustment - equity 6,215.49

6 0

3 years ago