As an employee, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.
<h3>What is a
statute of fraud?</h3>
This statute is a concept that maintains that some types of contracts need to be executed in writing.
This statutse are used for contracts for the sale of land, agreements involving higher worth of goods, contracts lasting one year etc
In conclusion, in this case, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.
Read more about statute of fraud
<em>brainly.com/question/14854791</em>
Answer:
31 per share
Explanation:
The computation of value per share is shown below:-
Share exchange ratio = MPS of Nelson ÷ MPS of George
= $38 ÷ $31
= 1.2258
MPS a + b = MVa + MVb ÷ Number of shares a + Number of shares b × SER
= (1600 × $38) + (4,600 × $31) ÷ 4,600 + (1,600 × 1.2258)
= $60,800 + $142,600 ÷ 4600 + 1,961
= $203,400 ÷ 6,561
= 31 per share
Therefore for computing the value per share we simply applied the above formula.
Answer:
$15,525
Explanation:
Calculation for ending inventory under variable costing
Using this formula
Units in ending inventory = Units in beginning inventory + Units produced −Units sold
Thus,
= 0 units + 5,500 units −4,350 units
= 1,150 units
Formula for Value of ending inventory under variable costing
= Unit in ending inventory × Variable production cost
= 1,150 units × $13.50 per unit
= $15,525
The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.
Elasticity of demand measures the relationship that exists between price and quantity demanded.
Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.
<u><em>Types of elasticity.</em></u>
-
Elastic demand (supply): This means that demand (supply) is sensitive to price changes
- Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one.
- Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.
<em><u>Factors that affect elasticity </u></em>
-
The number of substitutes the good has: the more substitutes the good has, the more elastic demand is.
- The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes. In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.
- Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.
To learn more about elasticity of demand, please check:
Answer:
$235,000
Explanation:
A company can capitalize the cost of assets, delivery cost, legal & documentation charge and any other directly attributable cost that is incurred to bring the asset in the condition as intended by management.
Therefore, cost of asset, title fee and building modification fee shall be added in the cost of asset as follows:
Cost of Asset 200,000
Lawyer and title fee 20,000
Building Accommodation <u> 15,000</u>
Total <u>235,000</u>
