Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts. Lyra tells Moe that her commission is 6 percent, but their signed, written contract states 12 percent. The Statute of Frauds governs (2) <u>contracts that must be in writing to be enforceable.</u>
Explanation:
<u>The statute of frauds refers to the requirement that certain kinds of contracts will be enforceable only if they are in writing</u>
<u> </u>
Even though the statutes of frauds vary from state to state, the following types of contracts must be in writing to be enforceable:
- contracts for the sale or lease of, or a mortgage on, real property (e.g., land, fixtures);
- contracts that cannot, by their terms, be performed within one year after the date the contract was formed;
- collateral contracts, such as promises to answer for or guaranty the debt or duty of another person;
-
promises made in consideration of marriage (i.e., prenuptial agreements); and
- contracts for the sale of goods valued at $500 or more.
Answer: None of these answer choices are correct.
Explanation:
Based on the information given, it should be noted that the separately reported change in 2021 earnings will be option D "None of these answer choices are correct".
We should note that the change in the depreciation method will be reported prospectively. Therefore isn't any separately reported change in the earnings.
Therefore, the correct option is D
Explanation:
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Answer:
The answer is:
A - Fixed Cost
B - Mixed Cost
C - Mixed Cost
D - Variable Cost
E - Variable Cost
F - Variable Cost
G - Mixed Cost
H - Fixed Cost
I - Variable Cost
J - Mixed cost
Explanation:
First let's define the terms:.
Fixed cost is a cost that wont change with varying output. Whether an output increases or decreases, it doesn't change.
Variable cost is a cost that changes with output. If output increases, variable cost increases and vice-versa
Mixed cost is also known as semi-variable cost. It has a combination of both fixed and variable costs
A - Fixed Cost
B - Mixed Cost
C - Mixed Cost
D - Variable Cost
E - Variable Cost
F - Variable Cost
G - Mixed Cost
H - Fixed Cost
I - Variable Cost
J - Mixed cost
