Answer:
Yes, there was a bilateral mistake of material fact.
Answer:
D. 24,000
Explanation:
Calculation to determine How many Standards would Roosevelt sell at the break-even point
First step
Total sales = 40000 + 60000
Total sales= 100000 units
Second step
Standard = 40000 / 100000
Standard= 0.4
Third step
Supreme = 60000 / 100000
Supreme= 0.6
Fourth step
Overall break even in units = 1800000 / 30
Overall break even in units= 60000 units
Now let calculate the Standards sales at break even point
Standards sales at break even point = 60000 *
0.4
Standards sales at break even point =24000 units
Therefore the Standards sales at break even point is 24000 units
Answer:
Explanation:
The government needs to be on top of these situations because each of these factors plays a huge role in the wellness and size of a population. A market economy needs a certain healthy and large population in order to function correctly. The population needs to produce the products and services while at the same time purchasing those products and services from one another in order for the market cycle to function. If such factors as disease and pollution make people sick it will severely cripple the market economy.
Answer:
The question requires the answering party to pick all that apply as found in the attached.
A. The initial payment will be recorded as an increase to a Prepaid Insurance account.
B. Over time, the expired portion of the policy must be removed from the asset account as it has been used up and is no longer considered an asset.
C. As a portion of the policy expires, the expired portion will be removed and transferred to an expense account.
Explanation:
The initial payment will be recorded as increase to an asset account,prepaid insurance is a correct statement,pending when the insurance cost is cost,
Subsequently,the expired the portion of the prepayment would be removed from the account,hence point B is also correct.
Finally,when the expired portion is removed from prepaid insurance account,it is transferred to insurance expense account,point C is also on point.
Answer: Strict product liability
Explanation:
Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.
