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tangare [24]
3 years ago
14

State law requires all electricians to be licensed. Ted is not licensed, but has been doing electrical work with his family busi

ness for five years. Despite Robin knowing Ted is unlicensed, she hires Ted to fix the electrical at her home for $5,000. When Ted completes the electrical project, Robin refuses payment. Will she have to pay?
Business
1 answer:
alex41 [277]3 years ago
8 0

Answer:

Yes

Explanation:

Yes, Robin would need to pay because she knew that Ted was not licensed and still decided to hire him. Therefore, agreeing to contract Ted and pay him for the work that he has done. Regardless of whether or not Ted's job was legal or not Robin still agreed and must pay Ted. Ted will later have to deal with his own legal issues but that does not affect the contract that was agreed upon by both parties.

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Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal t
Ket [755]

Answer: $54,510,000‬

Explanation:

The Investment at year end 2017 is;

<em>= Opening Investment + Portion of Net Income - Unconfirmed profit on ending inventory - Dividends</em>

Portion of Net Income

= 45% * 9,000,000

= $4,050,000

Unconfirmed profit on ending inventory

= (6,000,000 - ( 6,000,000/125%)) * 45%

=  $540,000

Investment account at end of year = 55,000,000 + 4,050,000 - 540,000 - 4,000,000

= $54,510,000‬

6 0
3 years ago
A statement of cash flows and its related disclosure note typically do not report: a. Stock dividends. b. Notes payable issued f
fgiga [73]

Answer:

a. Stock dividends

Explanation:

As we know that the cash flow statement records those transactions which deals in cash only.

It includes three types of activities

1. Operating activities: It records payment of expenditures, cash receipts, changes in working capital

2. Investing activities: It records inflow and outflow of long term assets

3. Financing activities: It records the stockholder equity related transactions

Since in the given case, the related disclosure do not report the stock dividend as it does not involved any kind of cash transactions

3 0
3 years ago
Which of the following would you list as an "Essential (Fixed)" expense?
11Alexandr11 [23.1K]

Out of the above choices I would Asnwer. D Rent. Rent is an Essential (fixed) expense. The other expenses electricty, telephone and car repair are all variable expenses because they normally are net set rates every month. Due to the changng of amounts these expenses fluxtuate not allowing thme to be a fixed expense like rent is.

4 0
3 years ago
Read 2 more answers
You must estimate the intrinsic value of Noe Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $27.50
emmasim [6.3K]

Answer:

= $52.78 per share

Explanation:

<em>The value of a business can be determined using the free cash flow model. According to this model, the value of a firm is is the present value of its free cash flow discounted at the weigthed average cost of capital (WACC.)</em>

<em>The value of equity is the value of firm less value of other instruments (e.g debt and preferred stocks)</em>

<em>Value of equity = Value of the entire firm - Value of debt </em>

We can work out the the value per share using the steps below:

<em>Step 1</em>

<em>Calculate the total value of the firm</em>

Value of firm =  27.50/(0.1-0.07)

 = $916.66 million

<em>Step 2</em>

<em>Calculate the value of equity</em>

<em>Value of equity = Value of the entire firm - Value of debt</em>

= $916.66 million - $125.0 million

=791.666 million

<em>Step 3</em>

<em>Calculate the value per share</em>

Value per share = Value of equity/ units of common stock

=$791.666 million/15 million units

= $52.78 per share

3 0
3 years ago
Lisa Company uses the periodic inventory system and had 100 units in beginning inventory at a total cost of $10,000. The company
skelet666 [1.2K]

Answer:

FIFO $10,400

LIFO $8,000

AVERAGE COST $9,600

Explanation:

Lisa Company

(1) FIFO

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

Units sold during the period = 220

Cost of units sold

=100*$100+120*130=$25,600

Value of ending inventory

=10,000+26,000-25,600

=$10,400

(2) LIFO

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

Units sold during the period = 220

Cost of units sold

=20*$100+200*130=$28,000

Value of ending inventory

=10,000+26,000-28,000

=$8,000

(3) average-cost

Purchases during the period:

100 units at $100 = $10,000

200 units at $130 = $26,000

average cost per unit

=(10,000+26,000)/300

=$120 per unit

Units sold during the period = 220

Cost of units sold

=220 * $120

=$26,400

Value of ending inventory

=36,000-26,400

=$9,600

8 0
4 years ago
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