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Elanso [62]
3 years ago
14

Apps LLC enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. T

o fulfill the contract, Apps hires Dave as a student intern. With respect to the app contract, Dave is
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

D. an incidental beneficiary.

Explanation:

These are the options for the question

A. an intended beneficiary.

B. a promisee.

C. a promisor.

D. an incidental beneficiary.

From the question we are informed about Apps LLC who enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. To fulfill the contract, Apps hires Dave as a student intern. In this case With respect to the app contract, Dave is an incidental beneficiary. A contract can be regarded as an agreement that exist between two parties and It is legally back up. An incidental beneficiary from this contract can be regarded as the third party that just get some benefits from a contract that exist between two other parties in an agreement, even though the benefits the third part gets is not intended to get it, and there is no legal right for the third party as far as the contract is concerned.

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Wilson Inc. developed a business strategy that uses stock options as a major compensation incentive for its top executives. On J
Sergeeva-Olga [200]

Answer:

Wilson's compensation expense in 2018 for these stock options was $258.50 millions

Explanation:

Compensation Expense in 2018 Stock Option =Estimated value of Option at Jan 1, 2013 = 26 Million X $47 = $1222 Million

Estimated value of Option at Jan 1, 2018=22 Million X $47

Estimated value of Option at Jan 1, 2018=$1,034 million

Options vest on January 1, 2022, therefore, Fair value is spread over 4 Years of vesting period= $1,034 million/4

Fair value is spread over 4 Years of vesting period=$258.50 millions

Wilson's compensation expense in 2018 for these stock options was $258.50 millions

4 0
3 years ago
Listed below are current asset items for Lester Company at December 31, 2019. Finished goods inventory $35,000 Cash 22,000 Prepa
ioda

Answer:

Current Assets :

Work in process inventory          23,000

Raw materials inventory              17,000

Finished goods inventory           35,000

Supplies                                            500

Accounts receivable                     4,000

Prepaid expenses                         2,000

Short-term investments              25,000

Cash                                            22,000

Total                                           128,500

Explanation:

Current Assets are always shows in the order of their liquidity in the Balance Sheet. That is the order in which they are quickly be converted into cash within a period of less than 12 months. Start with the Inventories to cash and cash equivalents as shown above.

7 0
3 years ago
In which of the following product markets should we see a higher price markup?
Diano4ka-milaya [45]

Answer:

one with few substitutes

Explanation:

The higher price markup, the higher the price, the higher the cost to consumers.

If a good has few substitutes, the demand for the good is less elastic. If price is increased, there would be little or no change in quantity demanded and the sellers profit would increase.

If a good has many substitutes, the demand for the good would be more elastic. If price is increased, Quanitity demanded would fall because consumers would shift to cheaper substitutes. Sellers profit would fall.

If demand is very elastic. It means quantity demanded is very sensitive to price. If price is increased, Quanitity demanded would fall by more than the increase in price. Sellers profit would fall.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
The buyer is assuming a mortgage presently on the property in the amount of $110,000. What is the adjustment made at closing
irina [24]

Answer:

debit seller 110k

credit buyer 110k

Explanation:

3 0
3 years ago
Grains occupy slightly more than ____________ of the plate. The message to make half your grains ____________ is stressed throug
Vladimir79 [104]

Answer:

Grains  occupy slightly more than <u>one-fourth</u> of the plate. The message to make half your grains <u>whole</u> is stressed throughout accompanying consumer-education materials.

Explanation:

7 0
4 years ago
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