Answer:
"$127.11 per unit" is the correct approach.
Explanation:
The activity cost as per the questions will be:
Activity 1:
=
= ($)
Activity 2:
=
= ($)
Activity 3:
=
= ($)
Now,
The overhead cost for digital cameras will be:
=
=
= ($)
Per unit overhead cost will be:
=
= ($)
hence,
The total cost will be:
=
=
= ($)
The correct option is c. a sale of substantially all of the corporate assets.
Beth could normally exercise appraisal rights if Cotton participates in sale of substantially all of the corporate assets.
<h3>
What are appraisal rights?</h3>
The legal right of a company's board of directors to have a court action or independent appraiser establish an acceptable stock price and compel the purchasing corporation to buy shares at a certain price is known as an appraisal right.
Some key features regarding appraisal rights are-
- A company's shareholders have the legal right to request a judicial procedure or an independent valuation of a company's shares in order to establish the stock price's fair market value. This legal right is known as an appraisal right.
- When their firm is being acquired and merged and the shareholders feel that the price being given is too low, they often use their appraisal rights.
- The fair price can be calculated using a variety of valuation techniques, such as asset-based approaches, income and cash flow methods, comparative market indicators, hybrid methods, and formula methods.
- Important investor rights like appraisal rights shield shareholders' investments from unfair, opportunistic, or poorly timed bids for their shares.
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The complete question is -
Beth is a shareholder of Cotton Clothes, Inc., whose management is considering extending its operations through some type of combination or acquisition with Denim Jeans Corporation. Beth could normally exercise appraisal rights if Cotton participates in
a. none of the choices.
b. a termination.
c. a sale of substantially all of the corporate assets.
d. a tender offe
the answer is b message me if it is wrong
Answer:
$2,500
Explanation:
Bad debts are debts that have been estimated to be irrecoverable, in that case such debts are normally written off to profit and loss account and eliminated by a credit entry to the debtors account.
The allowance for doubtful accounts are provisions made for debts in the account receivable accounts that may be considered doubtful of collection.
The accounting entry for doubtful debt is a debit to profit and loss account and a credit to provision for doubtful debt account. Provision for doubtful debt is made after bad debt has been deducted from the debtors account.
Therefore 5% of $50,000 = $2,500 represents provision for bad debt.
The status of this exchange of promises at this time is that it is a voidable contract.
<h3>
What is a voidable contract?</h3>
- A voidable contract, as opposed to a void contract, is a legitimate contract that can be confirmed or rejected at the discretion of one of the parties. The contract only binds one of the parties.
- The unbound party may disavow the contract, at which point it becomes null and invalid.
- Coercion, undue influence, mental incapacity, intoxication, deception, or fraud are common reasons for voiding a contract.
- A minor's contract is frequently voidable, however a minor can escape a contract only while his or her minority status and for a reasonable time after reaching the age of majority.
- The contract is regarded as ratified after a reasonable period of time and cannot be avoided.
- Other examples include real estate contracts, lawyer contracts, and so on.
Therefore, the status of this exchange of promises at this time is that it is a voidable contract.
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