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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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Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year
Pavel [41]

Answer:

Camper's Edge Factory

Departments                                  Cutting             Sewing

a. The total number of budgeted

   direct labor hours for the year  60,000            70,000

b. Products                                     Canopy          Tent

   Factory overhead per unit         $17.50            $40

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $750,000

                                               Canopy        Tent     Total

Direct labor hours  

Cutting                                       2                     1         3

Sewing                                       1                     6         7

Total direct labor hours            3                    7

Budgeted production units 20,000          10,000

Departments                              Cutting                        Sewing

Budgeted factory overhead  $350,000                     $400,000

Direct labor hours:

Canopy                                  40,000 (20,000 * 2)          10,000 (10,000 * 1)

Tent                                       20,000 (20,000 * 1)          60,000 (10,000 * 6)

Total direct labor hours        60,000                              70,000

Overhead allocation rates     $5.833                               $5.714

                         ($350,000/60,000)                              ($400,000/70,000)

Overhead per unit              $17.50 ($5.833 * 3)            $40 ($5.714 * 7)

               

5 0
3 years ago
Watch my video on my channel now only<br>I have uploaded it 2 hours before​
Nimfa-mama [501]
What’s your channel name
8 0
3 years ago
Read 2 more answers
The financial statement that shows the beginning balance of retained earnings; the changes in retained earnings that resulted fr
azamat

Answer:

e. Statement of retained earnings.

Explanation:

Statement of retained earnings -

It refers to the financial statement , that defines the alterations in the retained earning , for a particular time period , is referred to as the Statement of retained earnings .

The statement mention  the beginning and the ending retained earnings in the given time frame , which helps to calculates the corporate profit .

Hence , from the given information of the question,

The correct option is e. Statement of retained earnings .

8 0
3 years ago
how will this discount change the consumer surplus and producer surplus? will big top be more efficient?
Vinvika [58]

The potential producer surplus rises as the equilibrium price rises. Producer surplus decreases when the equilibrium price falls. The producer surplus is intimately correlated with changes in the demand curve.

<h3>How do producer surplus and consumer surplus relate to one another?</h3>
  • The difference between what a consumer is willing to pay and what they actually spent for a product is referred to as the consumer surplus. The difference between the market price and the lowest price a producer will accept to create a good is known as the producer surplus.
  • The difference between what a consumer is willing to pay and what they actually spent for a product is referred to as the consumer surplus. The gap between the market price and the lowest price a producer is willing to accept is known as the producer surplus.

To learn more about producer surplus refer to:

brainly.com/question/14727592

#SPJ4

3 0
2 years ago
Stock Y has a beta of 1.30 and an expected return of 14.9 percent. Stock Z has a beta of .95 and an expected return of 12.8 perc
Sever21 [200]

Answer:

Stock Y is overvalued and Stock Z is undervalued.

Explanation:

The stock is fairly valued when the required rate of return on the stock is equal to its expected return. If the expected return on the stock is more than the required rate of return, the stock is undervalued and vice versa.

The required rate of return on the stock is calculated under the CAPM approach suing the following formula.

r = rRF + Beta * rpM

Where,

  • rRf is the risk free rate
  • rpM is the risk premium on market

r of Stock Y = 0.052 + 1.3 * 0.077  =  0.1521 or 15.21%

The required rate of return of Stock Y (15.21%) is more than its expected rate (14.9%) which means the stock is overvalued.

r of Stock Z = 0.052 + 0.95 * 0.077 = 0.12515 or 12.515%

The required rate of return of Stock Z (12.515%) is less than its expected rate (12.8%) which means the stock is undervalued.

6 0
3 years ago
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