Answer:
enforceable because it has been expressly ratified by Melissa.
Explanation:
A contract is defined as a legally binding agreement between parties, and is enforceable on both parties involved. There is usually an offer and acceptance to make the contract valid and enforceable. It can involve exchange of goods and services, or future promise to exchange goods and services.
In this instance bMelinda agreed with Umberto that she will buy a car from him when she turns 18 years. The condition to the contract was Melinda turning 18 years.
She has ratified this condition so the contract is now enforceable.
Answer:1 B. Cost Center
2.A. Revenue Centre
3D. Investment Center
4 C. Profit Centre
Explanation:
The duty and power of a centre determined is responsibility centre a unit that is basically involved in production will be responsible for cost, a unit that is involved in sales will be a revenue centre, a unit that combines sales, production and asset will be an investment center and a unit that combines revenue and cost is a profit center.
Answer:
False
Explanation:
Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.
As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.
Answer:
A. 0.61%
Explanation:
Calculation for what your 1-year holding-period return
Based on the information given the $1,000 par value bond will be the price for the year and we should also take note that YTM also equals the coupon rate.
We are going to use calculator to find what the following year's price will be
N = 7
I/Y = 7
PMT = 60 (60%×$1,000)
FV = 1,000
CPT PV -946.11
Now let calculate how much we would have at the end of 1 year
$946.11 + $60
= $1,006.11
Last step is to calculate for what your 1-year holding-period return
Holding-period return = $1,006.11/$1,000 - 1
Holding-period return= 0.61%
Therefore your 1-year holding-period return was 0.61%
The manufacturing facility is impaired when the book value exceeds the total of estimated undiscounted future cash flows.
The manufacturing facility has an impairment loss of 15 million dollars because its book value exceeds undiscounted future cash flows.
<h3>When fair value exceeds book value, what happens?</h3>
An asset's value is "impaired" if its book value is higher than its fair value. Additionally, you are required to include the impairment loss in your income from continuing operations. The impaired asset's carrying value on your balance sheet is also affected by impairment losses.
<h3>How is an asset's impairment determined?</h3>
Resources are viewed as weakened when the book worth, or net conveying esteem, surpasses expected future incomes. The impairment must be reflected in the financial statements if it is permanent.
Learn more about book value here:
brainly.com/question/23057744
#SPJ4
