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FrozenT [24]
3 years ago
10

Jack offers to sell Jill his automobile for $10,000. Jill says she must think about but that she is not rejecting his offer. Jil

l goes home that day and comes to the realization that $10,000 is a great deal. She sends Jack a letter of acceptance by mail at 4pm by placing it in the drop box at the post office. Jill did not know that Jack had sent her a revocation letter at 3:30 from a different post office. The letter of revocation is scheduled for delivery the next day at 10am. What result
Business
1 answer:
wel3 years ago
3 0

Answer:

The sale of the car is canceled

Explanation:

For two reasons I think this. Jack had already sent out a letter to jill stating that the car is no longer for sale. As the current owner of the vechile he has the right at any point in time to draw out of the deal up till the actual signing over of the car.  

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Sales for BMW models are often highest in the last model year. By adding versions like a convertible model or features such as a
dimaraw [331]

Answer:

The correct option is (d)

Explanation:

Products have a cycle starting from introduction, growth, maturity and decline. This is called product life cycle. Considerable investment is required at introduction stage. Once the product is profitable, it enters growth stage and at maturity, it is at the most profitable stage. A product reaches decline stage as competitors step in and better products are made available in the market.

By adding features to its models, BMW is trying to lengthen its product life cycle so as to avoid the product's entry to decline stage soon.

8 0
3 years ago
Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
Minchanka [31]

Answer:

$2.58 per machine hour

Explanation:

The computation of the fabrication activity cost pool activity rate is

= ($461,000 × 15%) + ($123,000 × 15%) + ($207,000 × 20%) ÷ 50,000 machine hours

= ($69,150 + $18,450 + $41,400) ÷ 50,000 machine hours

= $2.58 per machine hour

5 0
2 years ago
Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $
rusak2 [61]

Answer: B) $13.89 per share

Explanation:

In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.

Total assets = 750 million

Total liabilities = 125 million

Current shares outstanding = 45 million

(750 million - 125 million)/45 million =13.89

3 0
3 years ago
On the _________________________date, the dividend to be paid is recorded as a _______________________, and retained earnings ar
umka21 [38]

Answer: The answers are DECLARATION; LIABILITY; REDUCED; HOLDER-OF-RECORD DATE

Explanation: Dividend is a sum of money aid regularly by a company to its owners. A Stockholder listed as an owner on the holder-of- record date is entitled to dividend when declared.

When a dividend is declared, it is stated as a liability as it becomes a debt to the organisation. This dividend payable is taken from the retained earnings of the organisation.

7 0
3 years ago
The Shapely Company uses the high-low method to determine its cost equation. The following information was gathered for the past
Naddik [55]

Answer:

$633,000.

Explanation:

We use the High-low method to get the cost formula:

\left[\begin{array}{ccc}High&14,250&710,000\\Low&9,250&570,000\\Diference&5,000&140,000\\\end{array}\right]

This means 5,000 machine hours generate 140,000 labor cost

We divide and get the variable cost generate per machine hour:

Cost 140000

machine hours 5000

140,000/5,000 = 28

variable cost 28

Next, we use this to calculate the fixed cost:

total cost = variable cost + fixed cost

fixed cost = total cost - 28 X DL

<u>High:</u>

Total Cost 710,000

Variable 399,000 (14,250 x 28)

Fixed Cost 311,000

<u>Low:</u>

Total Cost 570,000

Variable 259,000 (9,250 x 28)

Fixed Cost 311,000

Now with the cost formula we solve for 11,500 machine hours

cost = 311,000 + 28 X Machine Hours

cost = 311,000 + 28 x 11,500

cost = 633,000

6 0
3 years ago
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