Each fire department member has a specific duty to perform. Match each position with the appropriate role or responsibility.

Byron agrees to sell to Charity, for $1,500, a remote parcel of land.They believe the land to be worthless, but beneath it is a

DedPeter [7]

Answer:

D) enforce the contract.

Explanation:

Neither party knew about the gold mine before the deal was made, Byron and Charity even thought it was worthless. If Charity by accident, chance or luck discovered the gold mine, then she is entitled to it. Even f Byron wants to cancel the deal, he can't because Charity acted on good faith and the discovery of the gold mine was not something planned or intended.

For example, if I like an antique at a yard sale and I purchase it at $5, and then by chance someone that knows about antiques tells me that it is really expensive, a made a lot of money and the previous owner doesn't have the right to cancel the sale.

6 0

3 years ago

The following information is available for Zoe’s Activewear Inc. for three recent fiscal years. 2022 2021 2020 Inventory $553,00

Natali5045456 [20]

Answer:

Please see answers below

Explanation:

2022.

Inventory turnover = Sales / average inventory

Where,

Average inventory = Beginning inventory + Ending inventory

Sales for 2022 = $1,948,000

Average inventory = (553,000 + 586,000) / 2 = 560,500

Inventory turnover = 1,948,000 / 560,500

Inventory turnover = 3.475468332

• Days on inventory

= 365 / Inventory turnover

= 365 / 3.47546833184657

= 105

• Gross profit rate

= Gross profit / Sales × 100

= (1,948,000 - 1,552,000) / 1,948,000 × 100

= 20.33%

2021.

Sales = 1,725,000

Average inventory = (332,000 + 568,000) / 2 = 450,000

Inventory turnover = 1,725,000/450,000

= 3.833333333

• Days on inventory

= 365 / 3.833333333

= 95 days

• Gross profit rates

= Gross profit / Sales × 100

= (1,725,000 - 1,288,0000) / 1,725,000

= 25.33%

4 0

3 years ago

In the area of threats to computer systems, electromechanical problems are examples of ________.

Citrus2011 [14]

In the area of threats to computer systems, electromechanical problems are examples of errors and accidents.

Examples of these errors and accidents are phishing and sending our e-mails that people believe to be sent from a source they can trust when that is not the case. Both of these examples can harm the computer and the information they are able to retrieve from hacking can be threatening. They can also take over your computer by hacking it once you click any of the e-mails sent.

4 0

4 years ago

There are three seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding

ludmilkaskok [199]

Answer:

$708,750

Explanation:

The computation of the amount spend is shown below:

But before that first determine the number of shared needed which is

= (Shares of stock × number of seats) ÷ (total number of seats + 1) + 1

= (175,000 shares × 1) ÷ (3 + 1) + 1

= 43,750 + 1

= 43,751 shares

Now the cost is

= (43,751 shares - 10,000 shares) × $21

= $708,750

4 0

3 years ago

Which of the following is a true statement about the limitation on business interest deductions? This limitation is not imposed

olga nikolaevna [1]

Answer:

Limitation on Business Interest Deductions:

B. The limitation is calculated as a percentage of the taxpayers total taxable income

Explanation:

30% (or 50% for years 2019 and 2020, as amended by the CARES Act) of the adjusted taxable income of a business is the limit of business interest expense that is allowed by the IRS. The excess after this limitation may be carried forward by the tax paying organization to future tax years indefinitely until the interest expense is completely applied.

Following the CARES Act, "the business interest expense deduction limitation does not apply to certain small businesses whose gross receipts are $26 million or less, electing real property trades or businesses, electing farming businesses, and certain regulated public utilities. The $26 million gross receipts threshold, which applies for the 2020 tax year, is adjusted annually for inflation."

3 0

3 years ago