The covenant whereby one warrants that he is the possessor and owner of property being conveyed is the covenant of seizen.
A covenant is a two-party promise, agreement, or contract. The two parties agree that certain activities will or will not be carried out as part of the covenant.
Covenants in finance typically refer to terms in a financial contract, such as a loan document or bond issue, that specify the maximum amount that the borrower can lend. In religion, covenants frequently convey the binding relationship between a deity and humanity.
Covenants are frequently expressed in terms of financial ratios that must be met, such as a maximum debt-to-asset ratio or other such ratios. Covenants can cover anything from minimum dividend payments to working capital levels that must be maintained to key employees remaining with the company.
Learn more about covenants here:
brainly.com/question/28237935
#SPJ4
Answer:
Cost of goods manufactured= $228,700
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000
cost of goods manufactured= $228,700
We deduct the indirect material from overhead because it is already incorporated into direct materials.
Answer:
Effect on income= $15,000 increase
Explanation:
Giving the following information:
A business received an offer from an exporter for 10,000 units for $13.50 per unit.
Unit manufacturing costs:
Variable 12
<u>Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.</u>
Effect on income= number of units*unitary contribution margin
Effect on income= 10,000*(13.5 - 12)
Effect on income= $15,000 increase
Answer:
the 17,941 units should be produced and sold
Explanation:
The computation of the number of units that should be generated and sold is shown below:
Let us assume the number of units be n
Now as we know that
Total labor cost = variable cost + fixed cost
So the equations are
For labor intensive = $33,8000 + 143 n
And
For capital intensive = $1,244,000 + $92.5n
It could be written as
$1,244,000 + $92.5 n < $338,000 + $143 n
After solving it
n> 906,000÷ 50.5
n>17941
And,
$1,244,000 + $92.5 n < 197 n
After solving it
n>$1,244,000 ÷ 104.5
n>11,904
So the highest is 17,941
Therefore the 17,941 units should be produced and sold
