Answer:
c) Counteroffer
Explanation:
A counteroffer determines this when an offer is being created for the purpose of the earlier offer by another person during the negotiation for creating the ending contract. To make the counteroffer is to reject the previous offer and is created under the terms of the counteroffer or there will be no contract.
Here according to the given scenario, Jack makes the offer in the condition that he needs only microwave, refrigerator, and window treatment and this will be a sale part. Now, Padilla who is selling the home is accepting the terms of Jack with the condition that the refrigerator will remain in the home. So, this case is called the counter offer.
Answer:
the amount that she have to donate is $166,666.70
Explanation:
The computation of the amount that she have to donate is shown below:
Donation amount is
= Annual scholarship ÷ (interest rate - inflation rate)
= $2,500 ÷ (5.5% - 4.0%)
= $2,500 ÷ 1.5%
= $166,666.70
hence, the amount that she have to donate is $166,666.70
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$1.3794
Explanation:
The computation of the projected dividend for the coming year is shown below:
Last year dividend paid = Do
Expected Dividend in Year 1 (D1) = Do ( 1+g) = Do × 1.32
Dividend in Year 2 (D2) = Do ( 1+g)^2 = Do × 1.32^2
Dividend in Year 3 (D3) = Do ( 1+g)^3 = Do × 1.32^3
Dividend in year 4 , (D4) = D3 × (1+g) = Do × 1.32^3 × 1.22
Now the price at year 4 is
P4 = D4 × (1+g) ÷ ( R-g )
= Do × 1.32^3 × 1.22 × (1 + 0.07 ) ÷ ( 0.10 - 0.07 )
= Do × 100.08
Use Gordon Growth Model
The Current Price of Stock is
= D1 ÷ ( 1+ R)^1 +D2 ÷ ( 1+ R)^2 + D3 ÷ ( 1+ R)^3 + D4 ÷ ( 1+ R)^4 + P4 ÷ ( 1+ R)^4
$78 = Do ( 1.32 ÷ 1.1 + 1.32^2 ÷ 1.1 ^2 + 1.32^3 ÷ 1.1^3 +1.32^3 × 1.22 ÷ 1.1^4 + 100 .08 ÷ 1.1^4)
$78 = Do ( 1.2 +1.44 + 1.728 + 1.9165 + 68.36 )
Do = $1.045
Now
Projected Dividend for Year 1 is
= Do × 1.32
= $1.045 × 1.32
= $1.3794
Answer: a.$10,904 increase
Explanation:
Operating income before sales increase:
= Sales - Variable costs - Fixed costs
= 551,000 - (71% * 551,000) - 207,000
= -$47,210
Operating income after sales increase:
Sales increases to:
= 551,000 + 37,600
= $588,600
= 588,600 - (71% * 588,600) - 207,000
= -$36,306
Difference:
= -47,210 - (-36,306)
= Increase of $10,904
Answer:
April 1. Paid six months of rent, $4,800
Requires Deferred expense-type of adjusting entry
April 10. Received $1,200 from customer for six month service contract that began April 1.
Requires Deferred revenue-type of adjusting entry
April 15. Purchased a computer for $1,000.
Requires Deferred expense-type of adjusting entry
April 18. Purchased $300 of office supplies on account
Requires Deferred expense-type of adjusting entry
April 30. Work performed but not yet billed to customer, $500
Requires Accrued revenue-type of adjusting entry
April 30. Employees earned $600 in salaries that will be paid May 2.
Requires Accrued expenses-type of adjusting entry
