Answer:
b. Grover
Explanation:
Flo as an agent for grover entered into contract directly with hong, so the contract voidable option only resides with Grover.(as explained i statute of fraud).
Answer:
Closing Inventory = $550000
Explanation:
The cost of the closing inventory at December 31 can be calculated by taking the trading part of the income statement where we calculate the cost of the goods sold. The cost of the goods sold is the cost associated with the sale of goods made during the year. The cost of the goods sold is calculated as follows,
Cost of Goods sold = Opening Inventory + Purchases - Closing Inventory
Plugging in the values of Cost of goods sold, opening inventory and purchases, we can calculate the closing inventory.
1025000 = 625000 + 950000 - Closing Inventory
Closing Inventory = 1575000 - 1025000
Closing Inventory = $550000
Answer and Explanation:
In the monopolistic market structure, there are many producers, sellers and consumers due to which the business does not have total control over the price of the market. In this market structure, there are barriers to entry and exit
As in this market structure, there are a various product that is differentiated that results in non-perfect elastic demand. Also, every firm has their own prices and products so the demand curve should be downward sloping
The assessed value of their new home is $46,750.
<h3>Assessed value</h3>
Using this formula
Assessed value=Appraisal amount× Assessment ratio
Where:
Appraisal amount=-$187,000
Assessment ratio=25%
Let plug in the formula
Assessed value=$187,000 × 0.25
Assessed value = $46,750
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