Answer:
All-Mart can avoid the contract since it didn't meet their specification for the siting of their new store which they planned for. <u>The warranty deed</u> which they called for was to ensure that, all land purchased has guarantee that it would not become an issue for them in the future.
<em>Since one part is an enclosed parking lot which is a public property that Suburban is trying to sell to them, the best would be to avoid it.</em>
Explanation:
Answer:
Pay recorded for September 29 is $2,100
Explanation:
Jeremy Ortiz is paid based on two sources of income. The first being the annual salary of $36,000 and the second is the commission on all the service contracts sold, which is 3%.
Since the pay period is of semimonthly (15 days), the annual salary would be divided by 24 instead of the regular 12 months. This would mean that salary of $1,500 ($36,000 / 24) would be recorded in the payroll register.
For the commission, the sales done during this semimonthly period was $20,000 of service contracts. The commission at 3% of all sales would be $600 ($20,000 x 3%).
Total pay recorded in the payroll register for the September 29 period would be $2,100 ($1,500 + $600).
We calculate first for the revenue of the selling 8,000
units of toasters by multiplying 8,000 with the selling price per unit.
<span> Revenue =
(8,000)($23.75/unit) = $190,000</span>
Then, we calculate for the total variable cost as below,
<span> Variable cost =
(8,000)($16.25/unit) = $130,000</span>
Adding the variable cost and the fixed cost will give us
a total cost of $155,000.
The contribution margin per unit is therefore,
<span>
Contribution margin per unit = (190,000 – 155,000) / 8,000 = $4.375. </span>
Answer:
To pay for groceries
Explanation:
Personal loan is a type of unsecured loan which a person takes to fulfill his basic daily financial needs. And it is quite flexible, means the borrower is free to use as per his/her need. For example, travelling costs, groceries, medical emergencies, home renovation etc.
Answer:
Profit of 3600
Explanation:
I bought the 600 shares at a price of $41.20
so, Cost of buying the shares 24720
Along with it, i also bought the put option in $1.10 with a strike price of $45.
Buying the put option able me to sell the stock in 45 regardless of the price in stock market is.
But at the expiration date, the price of stock is $48.30 (more than strike price of $45)
So, i would not sell my stock to the broker in 45 (strike price) where, i can sell this stock in stock market at $48.30
Selling this stock in 48.30
48.30*600=28980
I must pay the option premium even though i have not utilized the option.
1.10*600=660
Finally,
selling price of shares-cost of buying shares - cost of purchasing premium
28980-24720-660= 3600
