Answer:
Legal purpose
Explanation:
The contract is approved when there is an agreement and agreement should be enforced i.e.
Agreement + enforceability = contract
Now the element of the contract that become the contract to be valid is the legal purpose that means the contract that should be made should be legal in the court point of view i.e. feasible
Therefore the second option is correct
Answer:
$1,000,000
Explanation:
Gallagher Corporation
Stock option × Option estimated fair value /Numbers of years
Stock option $400,000
Option estimated fair value $10
Numbers of years 4
Hence:
($400,000 × $10) / 4 years
=$4,000,000/4years
= $1,000,000
Therefore pretax compensation expense for year 1 will be $1,000,000
Answer:
The cash-flow statement is one of the most important documents for making management decisions. While the company can look profitable based on standard accounting methods, the cash-flow statement tells managers whether the company has the cash to pay its bills over the short-term.
Answer:
a. 15,650
Explanation:
Department E
FIFO Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
Units Complete 15000 100 100 15000 15000
Add Ending Inv 3000 100 70 3000 2250
less
<u>Beginning Inv. 4000 100 40 4000 1600</u>
<u>Equivalent Units 14000 15650</u>
<u />
<em>The equivalent units for materials using FIFO are 14000 and for conversion are 15650.</em>
<em></em>
<em>In FIFO we add the completed units with the % of complete units in the ending inventory and subtract the beginning Work in Process Opening Inventory % complete units. </em>
<em>We need to calculate the units first transferred out.</em>
Answer:
since 1 <= allowable increase
optimal solution won't change
hence
1500 * 1 + 1000*1 + 1000*2 + 2833.33* 3
= 13000
Note: Complete question is added in the attachment
