Answer:
D
Explanation:
Substancial performance is a terminology used in contract law. It actually means the degree of performance of a contract work which is not completely or fully finished,but is so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract. The owner has a right to recover whatever damages he has incurred by reason of the contractor's failure to render full and complete performance.
Building Restoration must have at least substantially performed the it's side of a bargain before they can call on the CasualDining,Inc to perform the their side of the bargain e.g. by paying an agreed amount. What actually constitute substantial performance depends on the circumstances.
Answer:
$211,750
Explanation:
The computation of diluted earnings per share for the quarter is shown below:-
Particulars Shares
Proceeds from exercise of options a $225,000
(25,000 × $9)
Used to repurchase of common stock b $18,750
( $225,000 ÷ $12)
Number of shares if option is exercised c $25,500
Less: Shares assume repurchased d $18,750
Potential Diluted common shares (e = c-d) $6,750
Add: Number of common f 205,000
Number of shares diluted earning per share $211,750
(e + f)
Therefore the Number of shares diluted earning per share is $211,750
Answer:
The correct statement is B
Explanation:
Relevant information:
Henry (H) and Charlotte (C) separated in the year 2018 and their divorce was finalized in 2019, January
During the year, 2019 C paid H alimony of $12,000
Now, will analysis the information:
As per the U. S (United States) IRS (Internal Service Revenue), if the divorce is finalized in 2019 or after that, then the payment of alimony are no longer is deductible, nor the recipient have to record or report them as an income.
So, in the given case, H is not required to report the alimony payment received as an income and C cannot claim the alimony paid as an adjustment to the income.
Therefore, the correct answer is B.
Note: The relevant information is taken from the case which is stated or given above before the question.
Answer:
The correct answer is 4,000 shirts.
Explanation:
According to the scenario, computation of the given data are as follows:
Selling price = $35
Labor cost = $5
Cost of material = $10
So, Contribution margin amount = $35 - $5 - $10 = $20
And fixed cost = $60,000 + $20,000 = $80,000
So, we can calculate the breakeven units by using following formula:
Breakeven units = Fixed cost ÷ Contribution margin
= $80,000 ÷ $20
= 4,000 shirts
