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Mrrafil [7]
2 years ago
15

Joe, a plumber, borrowed money from a friend who is now insisting that Joe repay the money. Joe does not have the money but has

a contract for the installation of plumbing in a new office building. Joe agrees to transfer to the friend the money he will receive from the plumbing job. Which of the following best describes Joe's friend?
A.
Assignee
B.
Third party beneficiary
C.
Incidental beneficiary
D.
None of the selections.
Business
1 answer:
NikAS [45]2 years ago
3 0

Answer:

A must bear the loss as he is unable to complete his side of the contract - delivering the horse

Explanation:

You might be interested in
Windsor, Inc. reported the following selected information at March 31. 2017 Total current assets $234,000 Total assets 440,000 T
iren [92.7K]

Answer:

The current ratio, the debt to assets ratio, and free cash flow for March 31, 2017 is 0.8 : 1, 90.20%, $26,000 respectively.

Explanation:

Current ratio = Current assets ÷ current liabilities

                     = $234,000 ÷ $292,500

                     = 0.8 : 1

Debt ratio = Total liabilities ÷ Total assets

                 = $369,600 ÷ $440,000

                  = 90.20%

Free cash flow = Net cash provided by operating activities  - dividend paid - capital expenditure

= $64,000 - $12,000 - $26,000

= $26,000

8 0
4 years ago
A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual val
Iteru [2.4K]

Answer:

Year 2= $4,687.5

Explanation:

Giving the following information:

Purchase price= $34,000

Useful life= 8 years

Salvage value= $9,000

<u>To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:</u>

<u></u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= [(34,000 - 9,000)/8]*2= $6,250

Year 2= [(25,000 - 6,250)/8]*2= $4,687.5

3 0
3 years ago
The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of
Finger [1]

<u>Full question:</u>

The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of heavy glass that will not break easily. Through its advertising, Golden Harvest advertises that its jars are made with a glass that is 100 percent free of all impurities. In this way, Golden Harvest is using _____ to differentiate its product from those of the Mason brand.

A. hidden difference

B. differentiation cue

C. imperceptible difference

D. sensory cue

E. Perception filter

<u>Answer:</u>

In this way, Golden Harvest is using hidden difference to differentiate its product from those of the Mason brand.

<h3><u>Explanation:</u></h3>

Advertising is the usual means of obtaining a good and service perceived to a public. Hidden differences are the ones where the customers don't know what these variations are so that's why they have to be advertised. Hidden differences are not easily manifest.

Product differentiation is a purchasing plan that aims to recognize a company's goods from the opponent. Auspicious product differentiation includes recognizing and expressing the individual features of a company's presents while highlighting the clear differences among those offerings and others on the market.

3 0
3 years ago
Newark Company has provided the following information:
djverab [1.8K]

Answer:

$1829000.

Explanation:

Given: Cash sales, $540,000.

           Credit sales, $1,440,000.

           Sales returns and allowances, $99,000.

           Sales discounts, $52,000

Now, computing net sales of Newark.

Net sales= Cash\ sales+ Credit\ sales- Sales\ discount- Sales\ return

Net sales= 540000+ 1440000- 99000-52000

⇒ Net sales= 1980000- 151000

∴ Net sales= \$ 1829000

Hence, Newark´s net sales is $1829000.

7 0
3 years ago
Using a dividend discount model, what is the value of a stock that pays an annual dividend of $5 that is not expected to grow, a
Alenkasestr [34]

Answer:

a. <u>Value of the stock without growth rate</u>

= D1 / (r - g)

= $5 / (10% - 0)

= $5 / 10%

= $5 / 0.10

= $50

b. <u>Value of the stock with growth rate</u>

= D1 / (r - g)

= $5 / (10% - 5%)

= $5 / 5%

= $5 / 0.05

= $100

5 0
3 years ago
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