As a result of Luis putting a "stop payment" on a check that he wrote, Luis will

Morgan signs a contract with Shane agreeing to work with him for a movie. Halfway through the production of the movie, Shane dec

Mice21 [21]

Answer:

(b) Shane has to pay $20,000 to Morgan for breach of contract

Explanation:

In the situation, it is given that Shane decides to quit as he gets another job so he breaks the contract instead of finishing his work on time.

Due to breach of contract, Shane has to pay $20,000 to Morgan because it is written in the party that if any party breaks the contract than he has to pay the amount. But due to some unnatural causes, no one has to pay.

In the given case, Shane has deliberately broken the contract so it is compulsory to pay the $20,000 to Morgan.

Hence, option b is correct

5 0

3 years ago

a process cost system, the cost of completed production in Department A is transferred to Department B by which of the following

oee [108]

Answer:

C. Debit Work in Process—Dept. B; credit Finished Goods—Dept. A

Explanation:

It is known that during continuous production, businesses find it difficult to isolate each individual unit and calculate a cost. Process costing systems accumulate the materials, labor and overhead costs for the period along with the total number of units produced. The total number of units produced includes both completed units and partially completed units. The company determines the percentage of completion for each partially completed unit and adds these amounts to the total number of completed units to determine the equivalent units.

4 0

3 years ago

Samantha makes $250.00 a week and saves 10% of her paycheck each week. How much will she save in 12 months

lozanna [386]

Answer:

7

Explanation:

9867=7

7 0

2 years ago

You purchased 500 shares in a mutual fund for $32 NAV. You elected the dividend reinvestment plan and had all dividend and capit

zloy xaker [14]

Answer:

Return on investment = 50%

Explanation:

Return on Investment is the proportion of investment cost that an investor earns as as return in dollar

For a mutual fund= total return in dollar/investment cost

= (48-32)× 500/(500× 32) × 100

=50%

<em>Note that the gains in dollar is the difference between the selling price at the end and the selling price at the beginnin</em>g.

8 0

2 years ago

A gift shop sells 2000 boxes of scented candles a year. The ordering cost is $100 for scented candles, and holding cost is $10 p

Gekata [30.6K]

Answer:

Minimun cost: $2000

Explanation:

We solve for the optimal order size using the

Economic Order Quantity:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

<u>Where: </u>

D = annual demand = 2,000 boxes

S= setup cost = ordering cost = $ 100

H= Holding Cost = $10.00

$Q_{opt} = \sqrt{\frac{2(2,000)(100)}{10}}$

$Q_{opt} = \sqrt{40,000}$

EOQ 200

It should order: 2,000 demand / 200 order size = 10 times

At a cost of 1,000 dollar (100 units x $ 10)

It will face an average inventory of 100 units thus holding cost:

100 units x 10 dollar per unit = 1,000

Total cost: 1,000 + 1,000 = 2,000

6 0

2 years ago