Answer:
No, a contract has not been form because the offer has been revoked
Explanation:
an offers can be terminated if there is rejection of offer by the offeree. an offer can be revoked before its has been accepted. Since the revocation is made known to Joe before the letter of acceptance reach joe. No contract has been form.
Acceptance or rejection of offer can be done orally or written. orally can be through phone communication.
the phone call can also be a form of rejection of offer which has been declared by the offeree.
Answer:
1. $70
2. $106.42
Explanation:
(1) Variable manufacturing cost per unit:
= Direct labor + Direct material + Variable overhead
= $10 + $34 + $26
= $70
(2) Full cost per unit:
= Direct labor + Direct material + Variable overhead + Variable selling cost + (Fixed ÷ 1,200)
= $10 + $34 + $26 + $5 + [(19,500 + 18,200) ÷ 1,200)]
= $75 + $31.42
= $106.42
Answer:
Monte Carlo Simulation
Explanation:
Monte Carlo simulation refers to a methodology used in monetary, program management, expense, and other prediction frameworks to know the impact of financial risks. A Monte Carlo model allows one to see all or most of the possible results in order to get a better understanding of the probability of a judgment.
In other words, Monte Carlo approaches can also be used in theory to address any issue with a deterministic explanation. By using the law of large numbers, by getting the empirical average of individual variable tests, integrals represented by expected value of a certain independent variables can be estimated.
Answer:
37.5%
Explanation:
In this question, we are asked to calculate the Value of the cash return on asset
We use a mathematical representation to do this. Let’s get the formula.
Mathematically:
Cash return on assets = operating cash flows/average total assets
According to the question, the operating cash flow has a value of $150,000. The average total assists have a value of (350,000+450,000)/2 = 800,000/2 = $400,000
We input these values into the formula:
Cash return on assets = 150,000/400,000 = 37.5%
Answer
(1)Subtracted (2) Subtracted (3) Subtracted (4) yes, it will affect the statement of cash flow as the amortization of bonds payable (premium) to be added back to the Net income because, it is a non cash expense.
Explanation:
Solution
Given that:
(1) The changes of debit to current assets are added or subtracted from net income:
Answer: They are subtracted from net income
(2) The changes of debit to current liabilities are added or subtracted from net income.
Answer: they are subtracted from net income
(3) Redemption gains of bonds are added or subtracted from net income.
Answer: Gains on redemption of bonds are subtracted from net income
(4), Yes, it will affect the statement of cash flow As the amortization of bonds payable (premium) to be added back to the Net income, because it is a non cash expense.
Thus the cash flow statement is adjusted.
