Answer: The motorcycle because you can sell it for more cash than the cash prize option. Value = $25000 (the price you can sell it for.)
Explanation:
Based on the scenario in the question, we've been given three options which are a new motorcycle, with an MSRP of $30000, or $20000 in cash.
The manufacturer's suggested retail price (MSRP) is simply the price that the producer of a product recommends ifor the product to be sold in retail stores.
Based on the scenario, the best option will be to choose the motorcycle. This is because it can sold for an amount that is not than the cash prize option of $20,000 since the motorcycle is valued at $25000.
It is a true statement that a typical written contract or agreement must contain a description of the consideration promised in order to satisfy the Statute of Frauds.
<h3>What is the
Statute of Frauds?</h3>
This refers to the legal concept that requires certain types of contracts to be executed in writing.
In the legal field, the Statute of Frauds covers contracts for the sale of land, agreements involving goods worth over $500 and contracts lasting one year or more.
Most times, the Statute of Frauds can be satisfied by any signed writing that:
- identifies the subject matter of the contract
- is sufficient to indicate that a contract exists
- states with reasonable certainty the material terms of the contract.
Read more about Statute of Frauds
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Answer:
Net loss $100,000
Explanation:
<em>The relevant cost for decision to accept the special order are
</em>
<em>I Incremental Revenue from the special order
</em>
<em>2. incremental variable cost</em>
<em>Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision</em>
<em />
Variable cost cost= 40 +10= 50
Sales revenue from the special order $
(45 × 20,000) 900000
Variable cost of the special order (50× 20,000) <u>(1,000,000 ) </u>
Net loss <u>100,000</u>
Answer and Explanation:
Given:
Bond price = $10,000
Dividend rate = 7.9% per year
A. Computation of Dividend receive each 6 months :
Dividend rate for 6 month = 7.9% / 2 = 3.95% = 0.0395
Dividend receive each 6 months = Bond price × Dividend rate for 6 month
Dividend receive each 6 months = $10,000 × 0.0395
Dividend receive each 6 months = $395
B. Computation of amount receive at the end of ten years:
Amount receive at the end of ten years is equal to face value of bond
Amount receive at the end of ten years = $10,000