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3 years ago

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apricot corporation has 11000 shares of 11%, $110 par noncumulative preferred stock outstanding and 26000 shares of no par commo

n stock outstanding. At the end of the current year, the corporation declares a dividend of

1 answer:

USPshnik [31]3 years ago

4 0

I’m sorry i really need points

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Kim hired Gold Contracting to build a pool and a fancy gazebo in her backyard. The plans were complex and required expert workma

Rufina [12.5K]

Answer:

B. Kim will win, because the bonus is a reward for work they have already performed, which is past consideration and cannot be used to create a contract.

Explanation:

In order for a contract to be enforceable, consideration must be exchanged between both parties. In this case, Kim made a promise that included consideration ($3,500) but Gold didn't exchange of give anything back. The swimming pool is already finished and it represents another different contract.

Another example would be a boss telling a subordinate that he/she will receive a bonus for having worked 10 years in the firm. The employee already got paid for working the 10 years, so there is no actual exchange of new consideration.

5 0

2 years ago

Income Statement Imaging Services was organized on March 1, 2018. A summary of the revenue and expense transactions for March fo

IrinaVladis [17]

Answer:

Total Expense: $ 347,000

Income: $ 135,000

Explanation:

<u><em>Income Statement Imaging Services </em></u>

<u><em>For the Month Ended March 31, 2018</em></u>

Fees earned $482,000

Wages expense $ 300,000

Rent expense $41,500

Supplies expense $3,600

Miscellaneous expense $1,900

Total Expenses $ 347,000

Income $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.

7 0

3 years ago

Read 2 more answers

The computation and interpretation of the degree of combined leverage (DCL)You and your colleague, Malik, are currently particip

erastova [34]

Answer:

1. expected to be the same

2. expected decrease to 1.11

3. expected decrease to 2.67

Explanation:

1. Degree of Operating Leverage = Contribution margin ÷ Earning before interest and tax

= $48,000,000 ÷ $20,000,000

= $2.40

2. Degree of Financial Leverage = Earning before interest and tax ÷ Earning before tax

= $20,000,000 ÷ $16,000,000

= $1.25

3. Degree of total leverage = Contribution margin ÷ Earning before tax

= $48,000,000 ÷ $16,000,000

= $3.00

The repayment 50% of bank loan

1. The Degree of Operating Leverage is expected to be the same.

2. Degree of Financial Leverage = $20,000,000 ÷ $18,000,000 = 1.11

The Degree of Financial Leverage is expected to be decrease to 1.11

3. Degree of total leverage = $48,000,000 ÷ $18,000,000 = 2.67

The Degree of total leverage is expected that it will decrease to 2.67

4 0

3 years ago

A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ord

Marianna [84]

Answer:

the total cost of ordering and holding sugar is $1,000 per year

Explanation:

<em>Step 1 Calculate the Economic Order Quantity(EOQ).</em>

EOQ = √(2×Total Demand×Ordering cost)/ Holding Cost per Unit

= √(2×250×20×5)/20

= 50

<em>Step 2 Calculate the total cost of ordering and holding sugar</em>

Total cost = Ordering Cost + Holding Cost

= (250×20)/50 × $5 + 50/2 × $20

= $500+$500

= $1,000

Therefore, the total cost of ordering and holding sugar is $1,000 per year

3 0

3 years ago

Robin Brothers works for a winery that sells to restaurants through distributors. She knows the types of wine her company sells

qaws [65]

Answer:

A missioniairy salesperson

Explanation:

Missionary selling is a form of personal sales in which the salesperson provides information to an individual who will influence the purchase decision. This is an indirect sales technique; the goal is not to close a sale, but merely to get information into the hands of a key decision-maker. Robin is providing information to restaurants in order to "Help Them" to buy her company's wine.

3 0

3 years ago