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Ahat [919]
3 years ago
7

Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "

may accept by registered letter." This detail is an example of a ________. Group of answer choices
Business
1 answer:
NeX [460]3 years ago
5 0

Answer:

Stipulation.

Explanation:

In this scenario, Rex Garner recently made an offer to Harry Barns for the sale of his shop using a registered letter. The offer says that Harry "may accept by registered letter." This detail is an example of a stipulation.

A stipulation in business can be defined as a formal legal acknowledgment and agreement made between two or more groups of people (parties) before entering into a contract or business deal.

This ultimately implies that, a stipulation is a condition or clause used to convey agreement in a contract between two or more groups of people. The statement "may accept by registered letter." in the offer made by Rex Garner to Harry is a stipulation, conveying the message that Harry can only show agreement by using a registered letter as well.

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Diddle Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31
Travka [436]

Answer:

The correct answer is b) $ 244,800.

Explanation:

Income tax is charged on taxable income. Book income is not relevant when calculating tax liability. However book income can be used as based when determining the tax liability. In other some deduction and addition as per relevant law in book income is require to be made in book income is order to arrive at taxable income.

However in question effective rate is given and book income is also there. Effective rate is rate is rate applied on book or accounting income in order to arrive at current income tax provision. For calculation please refer to below calculations.

Didde Corp. prepared the following reconciliation of income per books with income per tax return forthe year ended December 31, 2011:

Book income before income taxes                      $ 1,200,000

Add temporary difference

Construction contract revenue which

will reverse in 2012                                                $ 160,000

Deduct temporary difference depreciation

expense which will reverse in equal amounts

in each of the next four years                                $ (640,000)

Taxable income                                                       $ 720,000

Income tax Provision = (1,200,000 * 34)                 $ 408,000

7 0
4 years ago
Consider the following information:
dimulka [17.4K]

Answer:

10.87% ; 17.95%

Explanation:

Expected return:

= (probability of recession × return during recession) + (probability of normal × return during normal) + (probability of boom × return during boom )

Expected return for stock A:

= (0.16 × 0.07) + (0.57 × 0.10) + (0.27 × 0.15)

= 0.1087

= 10.87%

Expected return for stock B:

= (0.16 × -0.11) + (0.57 × 0.18) + (0.27 × 0.35)

= 0.1795

= 17.95%

4 0
3 years ago
Problem 11-1 Jain Mart is to depreciate an asset bought for $500,000 using the SOYD method over a life of 8 years. If the deprec
pickupchik [31]

Answer:

B. $20,000

Explanation:

Depreciation in year 3 = $80,000

According to the sum of the Years' Digits Depreciation, the depreciation for an asset bought for $500,000 and an expected life of 8 years, at year 3, is given by:

D_{y=3}=\$80,000 = \frac{8-2}{8+7+6+5+4+3+2+1}*(\$500,000-Salvage) \\Salvage = 6*(\frac{\$500,000}{6} -\$80,000)\\Salvage=\$20,000

The salvage value used in computing the depreciation charges is $20,000.

5 0
3 years ago
When employees who don’t want to attend an all-day workshop take the attitude "You can make me go, but you can’t make me pay att
Galina-37 [17]

Answer:

The answer is lose-lose

Explanation:

In a lose-lose approach, one's  actions hurt oneself as much as they do their opponent.

6 0
3 years ago
Read 2 more answers
Clarissa wants to fund a growing perpetuity that will pay $10,000 per year to a local museum, starting next year. She wants the
mojhsa [17]

Answer:

$250,000

Explanation:

Perpetuity is a type of payment that has no end. It starts on a particular date and continues endlessly.

Given:

Amount paid per year = $10,000

Annual Growth Rate = 5%

Interest Rate = 9%

Perpetuity = Amount paid/(Interest rate-Growth rate)\\Perpetuity = 10,000/(9/100-5/100)\\ Perpetuity= 10,000/0.04\\Perpetuity =250,000

Clarissa need $250,000

8 0
3 years ago
Read 2 more answers
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