Answer: the intentions of the parties is inferred from their conduct by the court as well as the circumstances of the contract
Explanation:
An implied contract is referred to as an agreement that's legally-binding which was created due to the actions, or circumstances of the parties that were involved.
In an implied contract, the parties typically possess no written contract, but an obligation is created by the law based on the conduct of the parties involved.
Answer:
Part a
2021 = $7,000
2022 = $6,000
Part b
2021 = $5,250
Explanation:
Sum of the year`s digit method provide for higher depreciation in early life of the asset with lower depreciation in later years.
Step 1
<em>Some of digits calculation :</em>
Year Digits
2021 7
2022 6
2023 5
2024 4
2025 3
2026 2
2027 1
Total 28
Step 2
<em>Determine the depreciable amount</em>
Depreciable amount = Cost - Residual value
= $40,000 - $12,000
= $28,000
Step 3
<em>Depreciation expense calculations</em>
2021 = 7 / 28 x $28,000 = $7,000
2022 = 6/ 28 x $28,000 = $6,000
assuming the equipment was purchased on March 31, 2021
2021 = $7,000 x 9/12 = $5,250
Answer:
You will have 200 shares of stock, and the stock will trade at or near $60 a share.
Explanation:
When a company declares a 2-for-1 stock split, its shares' value is cut by half, while the number of stocks of each share holder doubles.
If, before the split, the stock had a value of $120 per share, after the stock split it will sell for close to $60 a share.
If you previously had a position of 100 shares of Troll Brothers' stock, after the 2-for-1 split you will have 200 shares.
Therefore, you will have 200 shares of stock, and the stock will trade at or near $60 a share.
Answer:
1.272 per share
Explanation:
The computation of earnings per share is shown below:-
Weighted Average number of Common shares outstanding = outstanding common shares ÷ Net income
= 900,000 ÷ $707,810
= 1.272 per share
Where,
Net Income = Preferred Dividends ÷ Weighted Average number of Common shares outstanding
= $655,000 ÷ (1 + 0.05) + ( 60,000 × 8 months ÷ 12 months) × 1.05 + (72,000 × 7 months ÷ 12 months)
= $623,810 + 40,000 × 1.05 + 42,000
= $623,810 + 42,000 + 42,000
= 707,810
The LM curve slopes upward. The IS-LM model explains how aggregate real goods market and financial markets interact to balance the macroeconomy's interest rate and overall output. Investment Savings-Liquidity Preference-Money Supply, or IS-LM. The model was created as a formal graphic illustration of a Keynesian economic theory premise.
The letters "IS" stand for one curve on the IS-LM curve, while "LM" stands for an other curve. The IS-LM framework can be used to explain how shifts in market preferences affect the equilibrium values of the GDP and market interest rates. The IS-LM model is neither realistic or precise enough to be a helpful instrument for recommending economic policy.
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