Answer:
The correct answer is C. Consolidated Omnibus Budget Reconciliation Act.
Explanation:
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. This law guarantees employees the right to make payments for group medical insurance in order to maintain the insurance they would otherwise lose after:
- The reduction of your work hours.
- Leave the job.
- Job loss
Most people can keep insurance for up to 18 months. Some people may be able to keep it for a few months longer than that.
Answer:
d $51,000
Explanation:
Ending inventory is the value of the inventory in the store at the end of the year.
Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.
In This question it is assumed that there is no beginning inventory of the goods. $90,000 of the purchases were made and at the end of the year there was $9,000 balance of inventory.
We can calculate the deduction value as follw
Ending Inventory = Beginning Inventory + Purchases - deduction
$9000 = $0 + $60,000 - deduction
$9000 = $60,000 - deduction
Deduction = $60,000 - $9,000 = $51,000
Answer:
b.$77
Explanation:
beginning inventory 5 units
purchase september 4th 8 untis
sale for 6 units:
<u>inventory after first sale: (available at second sale)</u>
beginning used.
purchase september 4th 7 untis at $6
September 25th Sale of 12 units
<u>inventory used for second sale:</u>
September 4th 7 untis at $6
September 15th 5 units at $7
total COGS for the sale: $77
Answer:
c. $480,930
Explanation:
In this method we applied the unitary method
Given that
Sales volume = 40,000 units
Sales = $492,000
Sales volume = 39,100 units
Sales = ?
So, by considering the given information, the sales for 39,100 units would be
= Sales × updated sales units ÷ last sales units
= $492,000 × 39,100 units ÷ 40,000 units
= $480,930
Answer:
express and bilateral contract
Explanation:
An express contract is a contract in which the parties involved have carefully and explicitly/openly set the terms of the contract.
This contract contains agreements of both parties either verbally or in writing. Express contracts are also called Special contracts.
from the question, Todd's offer to shovel Maria's patio for a fee and her acceptance of the fee for the job is an express contract as it is oral.
A bilateral contract on the other hand is a contract in which both parties involved agree to their part of the contract. In the case of the question, Todd's part is to shovel Maria's patio while Maria's part of the contract is to pay Todd $25 for the job.
I hope this helps.
