Answer:
yeah it will be worse than ever
Explanation:
in both cases
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Answer:
Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.
Explanation:
Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.
Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.
Answer:
a. According to UPA Section 6, a partnership is
“the association of two or more persons to carry on as co-owners a business for profit…whether or not the persons intend to form a partnership.”
b. "Association" means coming together to act as one.
c. Yes. They qualify as forming an "association."
d. Yes. The situation involved in the case involves "two or more persons."
e. Yes. The situation in the case involves a business being carried on for profit.
f. When we say the partners must be co-owners, it means that the "two or more persons" are joint owners. Each partner owns a part of the entity.
g. The four elements of the definition of a partnership are met. This implies that the two corporations could form a partnership under the UPA or the Revised UPA (RUPA).
Explanation:
The act clearly identified that a partnership must have two or more persons coming together to carry on the business for profit as co-owners. The implication is that there are four elements that must be met for an entity to be declared a partnership. They include: "association," "two or more persons," "carry on a business for profits," and "as co-owners."
Answer: c. $2.89 per unit
Explanation:
Using the First-In, First-Out method, we need to find the equivalent units first:
= Equivalent opening units + Units started and completed + Equivalent ending units
= (Opening units left to be completed) + (Units completed - opening units) + (proportion of closing units completed with respect to conversion)
= (3,000 * (1 - 40%)) + (12,000 - 3,000) + (1,000 * 40%)
= 11,200 units
Conversion costs = 32,363
Conversion cost per units:
= 32,363 / 11,200 units
= $2.89 per unit
