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3 years ago

In order for someone to avoid a contract on the grounds of intoxication, the level of intoxication must have been:______.

Business

1 answer:

denpristay [2]3 years ago

6 0

Answer: so great that he didn't comprehend the nature of the agreement he was entering into.

Explanation:

An intoxicated person simply refers to someone who is under contractual incapacity due to the fact that there's ingestion of drugs or alcohol which brought about incompetence.

In order for someone to avoid a contract on the grounds of intoxication, the level of intoxication has to be so great that the person can't comprehend the nature of the agreement he or she was entering into.

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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

earnstyle [38]

Answer:

Total cost= $2,040

Explanation:

Giving the following information:

Total machine-hours 30,000

Total fixed manufacturing overhead cost $ 252,000

Variable manufacturing overhead per machine-hour $ 2.10

Job T687:

Total machine-hours 30

Direct materials $675

Direct labor cost $1,050

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (252,000/30,000) +2.1= $10.5 per machine-hour

Now, we can calculate the total cost of Job T687:

Total cost= direct material + direct labor + allocated overhead

Total cost= 675 + 1,050 + (10.5*30)= $2,040

3 0

3 years ago

You need to hire a receptionist that will be handling cash. What steps would you take to make sure you hire the right person?

Mila [183]

-I’ll make sure that the person is honest-I’ll do the background check-I’ll do the drug screening-I’ll make sure that the person has good math skills-I’ll make sure that the person has appropriate experience in handling cash

7 0

3 years ago

According to keynesianism, as more items are being made, what happens to prices?

kupik [55]

According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same

Explanation:

Keynes advocated that an increased government expenditures and lower taxes can stimulate demand and it can pull the global economy out of the depression.

Keynesians believe that, because prices are somewhat rigid, fluctuations in any component of spending like consumption, investment, or government expenditure will cause the output to change. If government spending increases, for example, and all other spending components remain constant, then output will increase.

According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same

5 0

3 years ago

Read 2 more answers

A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil

butalik [34]

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

6 0

3 years ago

Testbank Multiple Choice Question 81 At the beginning of 2020, Sunland Company issued 8% bonds with a face value of $5700000. Th

laila [671]

Answer:

$527,737

Explanation:

The Bond Payment or Coupon always includes the Interest Portion and the the Capital Potion. The question only requires the Interest Portion of the Bond.

The Bond Parameters can be set as :

PV = - $5,259,870

FV = $5,700,000

PMT = ($5,700,000 x 8%) ÷ 2 = $228,000

N = 5 x 2 = 10

YTM = 10 %

P/YR = 2

Constructing an amortization schedule for 2020 gives :

Date Capital Portion Interest Balance

June 30 $34,994 $262,994 $5,294,864

Dec 30 $36,743 $264,743 $5,331,607

Total $71,737 $527,737 $5,331,607

therefore,

The amount of interest expense to be reported for 2020 is $527,737

7 0

3 years ago