Answer:
b. At the signing of the contract
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent and it is at this point they (buyer and seller) sign the contract. Therefore, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
<em>Hence, in most transactions, the buyer is accepting the condition of the property at the signing of the contract as an approval or consent to the terms and conditions. </em>
Answer:
$23,500,000
Explanation:
Angina Inc. has an outstanding of 5 million shares
The company is considering issuing an additional 1 million shares at $20 per share offering price and 95% of the proceeds gotten from the sale
An earlier agreement obligated the firm to sell an additional 250,000 shares at 90% of the offering price
The first step is to calculate the net proceeds for the shares sold
Net proceeds= Number of shares sold×price per share×percentage of sales proceed
The net proceeds for 1,000,000 shares can be calculated as follows
= 1,000,000×95/100×$20
= 1,000,000×0.95×$20
= $19,000,000
The net proceeds for 250,000 shares can be calculated as follows
= 250,000×90/100×$20
= 250,000×0.9×$20
= $4,500,000
Therefore, the total proceeds can be calculated as follows
= $19,000,000+$4,500,000
= $23,500,000
Hence the firm will realize a total cash of $23,500,000 from the stock sale.
Answer:
sale price is $0.78
Explanation:
Given data
assets = $10,000,000
rate = 7% = 0.07
Sales volume = 350,000 units per year
Variable costs = $16 per unit
Fixed costs = $1,500,000 per year
to find out
sales price per unit
solution
we find required return that i s
return = asset × rate
return = 10,000,000 × 0.07
return = $700000
so here total cost = Sales volume × Variable costs + fixed cost
put here all these value
total cost = 350000 × 16 + 1,500,000
total cost = $7100000
so now for sale price
sale price = total cost + required return / sale
put all these value
sale price = ( 7100000 + 700000 ) / 10,000,000
sale price is $0.78
Answer:
The correct answer is letter "B": A retirement fund set up to pay a series of regular payments.
Explanation:
An annuity is a <em>financial product intended to pay a fixed sum of cash in the future</em>. Annuities are usually used to guarantee regular income in later years as a retirement fund. When an individual purchases an annuity, the individual agrees to pay a lump sum in advance or to make a regular schedule of deposits to a financial institution that is usually an insurance company.
