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3 years ago

When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?

1 answer:

6 0

I took this question already, so if it was

Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.

It would be "True"

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The balance in the finished goods inventory account on july 1, 2006, was

11111nata11111 [884]

there really isntt an answer

4 0

4 years ago

On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing pr

inn [45]

For the Mixing Department, the following journal entries are prepared.

Journal Entries:

1. Debit Work in Process $13,095

Credit Direct materials $5,720

Credit Direct labor $4,125

Credit Manufacturing overhead $3,250

To record costs of materials, labor, and manufacturing overhead allocated.

2. Debit Transfer out $13,630

Credit Work in Process $13,630

To record the cost of units completed and transferred out.

Data and Calculations:

Direct Direct Mfg o/h Total

Materials Labor Allocated Costs

Beginning inventory $280 $365 $180 $825

Costs added in March 5,720 4,125 3,250 13,095

Total costs $6,000 $4,490 $3,430 $13,920

Physical Direct Conversion

Units Materials Costs

Units to account for:

Beginning Work in process 550

Started in March 4,650

Total units to account 5,200

Completed & transferred 4,700

Ending work in process 500

Units accounted for:

Ending work in process 500 100 (20%) 100 (20%)

Completed & transferred 4,700 4,700 (100%) 4,700 (100%)

Total equivalent units 4,800 4,800

Direct Conversion Total

Materials Costs Costs

Costs to account for:

Beginning inventory $280 $545 $825

Costs added in March 5,720 7,375 13,095

Total costs $6,000 $7,920 $13,920

Total equivalent units 4,800 4,800

Cost per equivalent unit $1.25 $1.65

($6,000/4,800) ($7,920/4,800)

Costs accounted for:

Completed & transferred $5,875 $7,755 $13,630

(4,700 x $1.25) (4,700 x $1.65)

Ending inventory $125 $165 $290

(100 x $1.25) (100 x $1.65)

Total costs accounted $6,000 $7,920 $13,920

Learn more: brainly.com/question/24246457

7 0

3 years ago

PRODUCT MIX DECISION, SINGLE CONSTRAINT

Helga [31]

Answer:

1.. Unit produce 20,000 deluxe units per year

Units sold $33.33

Total contribution margin $500,000

2. Basic 50,000 units

Standard 2,000 units

Deluxe 12,000 units

$470,000

Explanation:

1. Calculation to determine How many of each type of unit should be produced and sold to maximize the company's contribution margin? What is the total contribution margin for your selection?

BASIC STANDARD DELUXE

Price $9 $30 $35

Less Variable cost 6 20 10

=Contribution margin (A) 3 10 25

Machine hours (B) 0.1 0.5 0.75

Contribution margin per

machine hours (A/B) $30 $20 $33.33

Unit produce=(15,000/0.75)

Unit produce=20,000 deluxe units per year.

In order to maximize the company's contribution margin the company should sell deluxe unit with contribution margin of the amount of $ 33.33 per machine hour

Total contribution margin= 20,000 units,*$25

Total contribution margin= $500,000.

Therefore The amount of unit that should be produced is 20,000 units and $33.33 will be sold to maximize the company's contribution margin while the the total contribution margin for your selection is $500,000

2. Calculation to determine product mix would you recommend, and what would be the total contribution margin

The product mix to recommend will be:

Basic 50,000 units

Standard 2,000 units

Deluxe 12,000 units

Calculation to determine Total contribution margin

Total contribution margin= ($3 × 50,000) + ($25 × 12,000) + ($10 × 2,000)

Total contribution margin=$150,000+$300,000+$20,000

Total contribution margin = $470,000

Therefore Total contribution margin is$470,000

4 0

3 years ago

A well-written job description should:

Yakvenalex [24]

C. clearly outline the job's responsibilities.
I hope that helps! :)

6 0

3 years ago

Horford Co. has no debt. Its cost of capital is 8.9 percent. Suppose the company

blsea [12.9K]

Answer:

A. 12.1%

B. 8.9%

Explanation:

a. Calculation for What is the company's new cost of equity

Using this formula

New cost of equity=Cost of capital+[(Cost of capital- Debt interest rate ) *(Debt-equity ratio)*(1)]

Let plug in the formula

New cost of equity=[0.089+[(0.089-0.057)*(1)*1]

New cost of equity=[0.089+0.032*(1)*1]

New cost of equity=[0.121*(1)*1]

New cost of equity=0.121*100

New cost of equity=12.1%

Therefore the company's new cost of equity will be 12.1%

b. Calculation for What is its new WACC

Particular Weight Cost Weighted cost

Equity 0.5000 *12.1% = 0.0605

Debt 0.5000 * 5.7% =0.0285

WACC =0.089*100

WACC =8.9%

(0.0605+0.0285)

Therefore the new WACC will be 8.9%

4 0

3 years ago