The approval in which Greg's agrees to buy Hal's sports store on condition that he is approved by first state bank for the financing is condition precedent. The condition precedent is a condition that is required in order something else to occur<span> and must come to pass before a specific contract is considered.</span>
Answer:
B. $228,122.
Explanation:
Number of quarters = 3 * 4 = 12
Quarterly interest rate = 12%/4 = 3%
From the table, the correct discounting factor for the future value (FV) = 1.42576
We then have:
FV = $160,000 * 1.42576 = $228,122
Therefore, the maturity value of the CD is $228,122.
Answer: E - The technology which the company is considering adopting was recently developed and has not yet been successfully implemented in a real business context.
Explanation: the company would be able to recover the cost of adoption of the new technology . This strengthens the argument that the upgrade should take place.
The new technology would improve cost of production and efficiency. This strengthens the argument that the upgrade takes place.
Because the upgrade hasn't been successfully tested, it might have an unintended negative impact which would erode all the benefits of the upgrade
Each player owe Brian 92 cents.
4.99+5.99 = 10.98
10.98/12 = .915 or approximately 92 cents
to check : .915 x 11 = 10.065 + .915 (brian's share) = 10.98
Answer:
Sales less variable production, variable selling, and variable administrative expenses.
Explanation:
On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.
Contribution margin =
sales revenue - total variable cost
the fixed cost are listed below the contriution,
once subtracted from the contribution, the rest is the net income.
