Answer:
$44,377
Explanation:
Note: The answers (options) attached this question belongs to another question
Particulars Amount
Salaries ($48,000*1,200/3,500) $16,457
Depreciation ($24,000*$102,600/$270,000) $9,120
Advertising ($47,000*$346,000/$865,000) <u>$18,800</u>
Total <u>$44,377</u>
Answer:
B) Tom's statements provide grounds to set the contract aside.
Explanation:
When we are talking about setting a contract aside, it means that the contract is voidable. A voidable contract is valid until one of the parts decides to void it. In this case, if Victoria decides to purchase Tom's car and later discovers that he lied about the price, she can void the contract and return the car to get her money back.
What Tom is doing is basically lying about the material facts of the product that they are bargaining and it represents a valid reason for voiding the contract.
Owners equity is $82365 - $70500 which gives $11365. Therefore when you add $70500 + $11365, this would give $82365.
Answer:
$21,796.14
Explanation:
Use the Time Value of Money techniques to calculate the amount of each installment (PMT)
PV = $250,000
i = 6 %
n = 20
P/yr = 1
FV = $0
PMT = ?
Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.
