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3 years ago

If there is a time limitation or any other restriction in a contract, a third-party beneficiary:

1 answer:

8 0

If there is a time limitation or any other restriction in a contract, a third-party beneficiary C. IS BOUND THEREBY.

When the contract shows a clear intent of having a third person benefit from it, the third party beneficiary has the right to sue in case of breach of contract.

A third party beneficiary is also subject to the limitations or restrictions found in the contract. He or she loses all the rights bestowed in the contract if said contract is terminated by the law or has the reserved right to change beneficiaries and said right is executed.

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Leary Corporation had net credit sales during the year of $1,200,000 and cost of goods sold of $720,000. The balance in accounts

Bumek [7]

Answer:

Accounts Receivable Turnover = 8.0 Times

Explanation:

given data

net credit sales = $1,200,000

cost of goods sold = $720,000

accounts receivable beginning = $120,000

accounts receivable ending = $180,000

to find out

What was the accounts receivable turnover

solution

we get here accounts Receivable Turnover that is express as

Accounts Receivable Turnover = Net Credit Sales ÷ Average Accounts Receivable .................1

here Average Accounts Receivable is = Opening Accounts Receivable + Closing Accounts Receivable .................2

Average Accounts Receivable = $\frac{$1,20,000+$1,80,000}{2}$

Average Accounts Receivable = $1,50,000

so put value in equation 1

Accounts Receivable Turnover = $\frac{12,00,000}{1,50,000}$

Accounts Receivable Turnover = 8.0 Times

4 0

3 years ago

Candle in the Wind is a store for people who enjoy and collect candles to decorate their homes. Last year, its net sales totaled

melisa1 [442]

Answer:

$15,700

Explanation:

The computation of the net profit after taxes is shown below:

Sales revenue $125,000

Less: Cost of goods sold - -$42,300

Gross profit $82,700

Less: Operating expenses

One time part assistant $52,000

Administrative expenses $400

Utilities expenses $900

Total operating expenses -$53,300

Net Profit before tax $29,400

Less: income tax expense -$13,700

Net profit after tax $15,700

3 0

4 years ago

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding

bulgar [2K]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary product cost= 17 + 7 + 3 + (893,000 / 47,000)

Unitary product cost= 27 + 19

Unitary product cost= $46

Now the income statement:

Sales= 42,000*84= 3,528,000

COGS= (42,000*46)= (1,932,000)

Gross profit= 1,596,000

Total Selling and administrative expenses= (42,000*4) + 560,000= (728,000)

Net operating profit= 868,000

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unitary variable product cost= 17 + 7 + 3

Unitary variable product cost= $27

Now, the income statement:

Sales= 3,528,000

Total variable cost= 42,000*(27 + 4)= (1,302,000)

Total contribution margin= 2,226,000

Total fixed manufacturing cost= (893,000)

Total Selling and administrative expenses= (560,000)

Net operating profit= 773,000

5 0

3 years ago

Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, $1.33, $1

Harlamova29_29 [7]

Answer:

The answer is below

Explanation:

a) The dividend growth rate is given as D2/D1 - 1

Year Dividend Growth rate

1 $1.25

2 $1.33 ($1.33/ $1.25 - 1) 6.4%

3 $1.4 ($1.4/$1.33 - 1) 5.26%

4 $1.51 ($1.51/$1.4 -1) 7.86%

The arithmetic average growth rate is the average of all the growth rates.

Arithmetic average growth rate = (6.4% + 5.26% + 7.86%) / 3 = 6.51%

The cost of annuity = (cost of common stock / Selling stock price) * 100% + Average growth rate

The cost of annuity = ($1.59 / $40) * 100% + 6.51% = 10.49%

b) The geometric growth rate is given as:

geometric average growth rate =

$(\frac{D_n}{D_o} )^{\frac{1}{n} }-1\\D_n=1.51,D_o=1.25,n=3\\\\Geometric\ growth\ rate=\frac{1.51}{1.25}^{1/3}-1=6.5\%$

The cost of annuity = ($1.59 / $40) * 100% + 6.5% = 10.48%

7 0

3 years ago

Product placement (the use of branded products by characters in films and TV shows in return for a fee paid by the brand's owner

Galina-37 [17]

Answer:

d. This is clearly a case of perceptual filters. There are many people in the theater watching a movie. Suppose a James Bond movie, shows James Bond using a Sony mobile hand set.

Explanation:

Audience in the theater, who wants to buy a new handset, will pay attention and notice the fact that James Bond is using a Sony hand set. But audiences, who do not need to buy a hand set will probably not notice the brand or the model. So, those who do not want to buy a new mobile set are using their perceptual filters by not noticing the brand.

7 0

4 years ago