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3 years ago

An agreement between two adults to pay $300 cash for a bicycle is an example of a contract that is

1 answer:

5 0

The answer is a valid contract. A valid contract occurs when both parties has expressed or had shown agreement when engaging to certain services or products as means of showing that they both have negotiate and came to an understanding of agreement with what they are pertaining to in which is shown above as the adults involved has an agreement of paying the bicycle that shows a valid contract.

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Why does actual group productivity never equal potential productivity?

Rama09 [41]

The answer to the question is (C) time is lost to coordinating and organizing group members.

Actual group productivity is never quite equal to the expected productivity mainly because there are other processes involved in the team that the team members must do in order to reach the set common goal. Some of these processes usually include determining how to do the work and distributing the assignments to the right person, as well as setting the roles in the team.

4 0

2 years ago

Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per

gogolik [260]

Answer:

$14

Explanation:

Fee from customers = $4

Fee from producer = $10

Total Fee income received = 10+4 = $14

$14 should be recognized as income for each Riverdance ticket sold.

Ticket Now has sold the ticket (which is assumed to be nonrefundable) and it has performed what is required (to sale the tickets), so recognize the revenue of $14.

4 0

3 years ago

What is compounding interest?

Svetlanka [38]

Answer:

Explanation:

the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

4 0

2 years ago

Your grandparents would like to establish a trust fund that will pay you and your heirs $225,000 per year forever with the first

xz_007 [3.2K]

Answer:

They must deposit $5,113,636.36.

Explanation:

Giving the following information:

Cash flow= $225,000

Interest rate= 4.4 percent

To determine the amount to be deposited today, we need to use the perpetual annuity formula:

PV= Cf/i

Cf= cash flow

PV= 225,000/0.044

PV= $5,113,636.36

They must deposit $5,113,636.36.

3 0

3 years ago

The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of

goblinko [34]

Answer:

Retail Division = $480,000

Commercial Division = $125,000

Explanation:

<u>Divisional income from operations for the Retail Division and the Commercial Division</u>

Retail Division Commercial Division

Sales $2,150,000 $1,200,000

Cost of goods sold ($1,300,000) ($800,000)

Controllable Contribution $850,000 $400,000

Less Expenses

Selling expenses ($150,000) ($175,000)

Allocated Central Costs ($220,000) ($100,000)

Net Income before tax $480,000 $125,000

Calculations :

Allocation of Central Costs :

Retail Division (2,750/ 4,000 × $320,000) = $220,000

Retail Division (1,250/ 4,000 × $320,000) = $100,000

4 0

3 years ago