Answer:
Option A (an economic recession in the U.S) would be the correct choice.
Explanation:
- A recession seems to be an economic and financial term of knowledge and skills to a substantial reduction in the total financial outlook of the specified location.
- Usually, as expressed by GDP throughout combination with monthly metrics such as an uptick in unemployment, this one has been recognized as two successive quarters of economic downturn.
Some other three options aren't connected to the example described. But the response above is the right one.
Answer:
Gordon Company
Overhead Cost = $150,000 + ($52 x Direct Labor Hours)
Budgeted overhead cost For next month = $150,000 + ($52 x 8000)
=$ 150,000+ 416,000
Budgeted overhead cost For next month= $ 566,000
Budgeted overhead cost For next quarter =$150,000 + ($52 x 23,000)
=$ 150,000+ 1196,000
Budgeted overhead cost For next quarter = $ 1346,000
Budgeted overhead cost For next year =$150,000 + ($52 x 99,000)
= =$ 150,000+ 5148,000
Budgeted overhead cost For next year= $ 5298,000
Answer:
That the car wash was not liable to the plaintiff because the car wash employees had no notice they were taking responsibility for so much jewelry.
Explanation:
The case of Ziva Jewelry Inc., v. Car Wash Headquarters Inc involved a salesperson Stewart who locked jewellery in his car and took it to the car wash.
He did not disclose that there was expensive jewelry in the car.
The attendant finished washing the car and signalled to Stewart that his car was ready and walked away from the car.
Before Stewart could pay the bill someone had taken the car. Although the police recovered the car the jewellery was stolen.
Zeva Jewellry filed a motion against the car wash that they did not excercise due care in returning the vehicle.
In this instance the car wash was not liable because Stewart did not disclose there was expensive jewelry in the car.
Also the attendant had finished with his car and informed him of this. So it was out of their care when the car theft occured
Answer:
C) 4.2 years
Explanation:
The computation of the payback period is as follows;
As we know that
Payback Period = Initial cost ÷ Annual net cash flow
Here
Initial cost = $278000
Annual net cash flow = Incremental after tax + Depreciation per year
where,
Depreciation per year = (Original cost - Salvage value) ÷ Estimated Life
= ($278,000 - $30,000) ÷ 8 years
= $31,000
Annual net cash flow is
= $35000 + $31000
= $66000
So,
Payback Period is
= $278000 ÷ $66000
= 4.2 Years
