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3 years ago

In the sale of a business, if the requirements of the Uniform Commercial Code are not

1 answer:

5 0

If the requirements of the Uniform Commercial Code are not followed, the party that is most probable to suffer the highest injury is the buyer

The UCC comprised of rules that applied for the following contracts:

Sale of goods
Goods leasing
negotiable instruments
banking transactions
letter of credit
investment securities
transactions that are secured

It is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller

So, the parties that do not suffer are:

Broker
Creditor
Lender

Therefore we can conclude that If the requirements of the Uniform Commercial Code are not followed, the party that is most probable to suffer the highest injury is the buyer

Learn more about Uniform Commercial Code here: brainly.com/question/8476938

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Kubin company’s relevant range of production is 20,000 to 23,000 units. when it produces and sells 21,500 units, its average cos

Afina-wow [57]

The cost per unit is derived from the variable costs and fixed costs incurred by a production process, divided by the number of units produced. Hypothetically lets say variable costs for Kubin company's production is $50,000 and their fixed costs are $25,000. $50,000 variable costs + $25,000 fixed costs / 21,500 units = $3.49/unit.

6 0

4 years ago

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The

Rus_ich [418]

Answer:

Direct material quantity variance= $840 unfavorable

Explanation:

Giving the following information:

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.

The company used 630 pounds of direct materials to make the 7,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (600 - 630)*28

Direct material quantity variance= $840 unfavorable

3 0

3 years ago

Proposal preparation is completed by Select one: a. a large team for a simple project. b. a single person when proposing a multi

castortr0y [4]

Answer:

d. one or more people depending upon the requirements of the proposal.

Explanation:

A proposal can be defined as a plan or suggestion which are formally written to present an idea to an individual or organization for consideration.

Proposal preparation is completed by one or more people depending upon the requirements of the proposal.

In order to prepare a good proposal, it is very important to make it as formal as possible. The content of the proposal is strictly based on what the initiators wants to do or achieve, as well as how they wish to achieve.

Hence, a proposal is only prepared with regard to the requirements of the proposal and the number of people involved. Proposals are usually used by project managers or contractors seeking for a contract.

7 0

4 years ago

Braam Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

netineya [11]

Answer:

C. $148,350

Explanation:

Actual Overhead $143,350

Less: Underapplied Overhead $18,220

Total Overhead applied $125,130

Actual Direct labor hours = 9700 hours

Overhead rate = Total Overhead applied / Actual Direct labor hours

Overhead rate = $125,130 / 9700 hours

Overhead rate = $12.90 per hour

Estimated Direct Labor hours = 11,500 hours

Estimated Manufacturing Overhead at the beginning = Estimated Direct Labor hours * Overhead rate

Estimated Manufacturing Overhead at the beginning = 11,500 hours * $12.90 per hour

Estimated Manufacturing Overhead at the beginning = $148,350

5 0

3 years ago

The income statement for the Carolina Service Company for the year ended December 31, 2017, appears below. Includes $25,000 of i

KATRIN_1 [288]

Answer:

Earning per share = 2.166

Price earning = 10.15

Times interest earned = 5.4

Explanation:

Common stock outstanding at end = Shares outstanding (open) +Shares issued.

= 50000+10000= 60000 outstanding shares (at end)

a.)we know that earning per share = net income - preference dividend

Common shares outstanding at end

= ( N#1) 135000 - 5000

60000

= 2.166 earning per share

(N#1):To calculate net income we will need statement of changes in equity,Suppose par value of shares = $10,

we have Beginning equity + net income - Dividend = Equity (end)

Net Income = 600000+35000-500000

Net income = 135000

b.) Price earning = Market value per share = 22 = 10.15

Earning per share 2.166

c.) Times interest earned = Income before interest and taxes or EBIT

Interest expense

EBIT = 135000

= 135000 / 25000 = 5.4 times

6 0

3 years ago