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Reil [10]
2 years ago
6

Exquisite Prints is an up-and-coming photography company. To date, producing good photography is the priority of the company - n

ot business. Thus, it currently does not have a contract to provide to customers as the company thinks that "contract-talk" makes things uncomfortable and too stuffy. Borderline Elementary makes an agreement with Exquisite to take school pictures for all 425 of its students. Exquisite completed the work and now Borderline will not pay. Exquisite heard that you had contract knowledge based on your current enrollment in Business Law. What would you tell Exquisite about its chance of success to recover money from Borderline based on Exquisites account of the events leading to its contract? He tells you the following: Borderline approached me about taking pictures for the school. We agreed that I would be paid $12.00 per child and the principal told me that I would be paid immediately after all pictures were taken and if she, the principal, was satisfied with my work. Now that the pictures are taken, the principal says that she is not paying a dime and she is not rejecting my calls. She has all of the pictures.
Business
1 answer:
pogonyaev2 years ago
7 0
This is the answer to th
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Phil's Dinor purchased some new equipment two years ago for $32,600. Today, it is selling this equipment for $22,000. What is th
Sergio039 [100]

Answer:

(C) $19,776.80

Explanation:

The company will pay taxes for the difference between book value and sale value at disposal:

book value after 2 years:

It will be acquisition less accumulated depreciation, which is the sum of the MACRS depreciation rate for this two years

32,600 (1 - 0.20 - 0.32) = 32,600 x 0.48 = 15,648

sales price: 22,000

taxes: (22,000 - 15,648) x .35

          6,352 x 0.35 = 2,223.2

after tax cash flow: 22,000 - 2,223.2 = 19,776.8

3 0
3 years ago
What are the costs of “freebie” items?
Oliga [24]

Answer:

The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.

Explanation:

3 0
3 years ago
The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 20
sveta [45]

Answer and Explanation:

The preparation of the sales section of the income statement is presented below:

<u>Income Statement </u>

<u>For the year ended </u>

Sales  

Sales revenue  $903,400

Less:  

Sales Discount  $15,400  

Sales return & allowances  $22,000  

Net Sales         $866,000

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The freight out would not be considered. Hence, ignored it

7 0
2 years ago
The shape of a production possibility curve is downward-sloping because ____________________. Select the correct answer below: y
Afina-wow [57]

Answer:

you can get more of one good only by giving up some of another good

Explanation:

A production possibilities frontier shows the opportunity cost of producing one good instead of another. This way, as you follow the curve, the combination of goods will vary, increasing the production of one good but deceasing the production of the other.

Opportunity costs are the benefits lost or extra costs associated to choosing one activity or investment over another alternative. Since resources are scarce, you must always give something up in order to obtain another thing, e.g. you give up your leisure time in order to study.

8 0
3 years ago
The price of baseballs, a complement to baseball bats, increases at the same time the price of aluminum, an input to baseball ba
Rufina [12.5K]

Answer:

The price of baseball bats (a complementary good) increased

If the price of a complementary good increases, this would result in a decrease in demand for baseballs.

Explanation:

5 0
2 years ago
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