Answer: Microsoft responded that
this integration of products is an example of tying, and the U.S. Supreme Court has consistently ruled that tying is a perfectly acceptable and legal business practice.
Explanation: The suit accused Microsoft of illegally protecting its operating-system monopoly and seeking a new monopoly for its own browser, Internet Explorer. The fear was that Microsoft would kill Netscape, monopolize the browser market and use that point of control to dominate the coming age of the web.
Despite the creative editing of video, facts, and emails, Microsoft lost the case. The presiding judge, Thomas Penfield Jackson, ruled that Microsoft violated parts of the Sherman Antitrust Act, which was established in 1890 to outlaw monopolies and cartels.
Crackerjacks cost twice as much as Doritos. Fred maximizes utility by buying eight boxes of Crackerjacks and some number of bags of Doritos. If the last box of Crackerjacks gives Fred 100 units of utility, you can conclude that: A. the total utility of the bags of Doritos Fred bought is 200 units. B. the marginal utility of the last bag of Doritos Fred bought is 50 units. C. Fred has also bought 16 bags of Doritos. D. Fred has also bought four bags of Doritos.
Answer:
The best answers is "B"
the marginal utility of the last bag of Doritos Fred bought is 50 units.
Explanation:
According to the law of diminishing marginal utility, after some point the more we consume of something, the less each additional unit adds to our satisfaction.
the marginal utility of the last bag of Doritos Fred bought is 50 units because Crackerjacks cost twice as much as Doritos.
Answer:
B. the marginal utility of the last bag of Doritos Fred bought is 50 units.
Explanation:
Base on the scenario been described in the question, where Crackersjacket cost twice the as much the amount of much of Doritos, law of diminishing makes us to understand this, and it is used to refer to a point at which the level of profits or benefits gained is less than the amount of money or energy invested as seen in the scenario, by the cost of Crackersjacket.
Business personal property rendition of taxable property. True or False
Answer: True
Explanation: Business personal property rendition of taxable property, the rendition for business personal property is a form that provides a District with descriptive information, cost, location and acquisition dates for a personal property owned by an individual. The information are used by the District to estimate the market value for tax evaluation.
Lacey Abrams is the sales representative for the Brook Park Zoo. She sells events, such as wedding receptions, corporate dinners, and fundraisers that are held on zoo grounds. She has just finished negotiating all the details of Anne Mason's upcoming wedding reception and is preparing to close the sale. Which of the following is a signal that Anne is ready to sign the contract to book the reception?
A) She looks at her watch.B) She checks her phone for messages.C) She asks, "How much do I need to put down now to reserve the date?"D) She asks, "Why don't you offer pre-set desserts?"E) She says, "The country club offers a chocolate fountain at no extra cost."
Answer:
C) She asks, "How much do I need to put down now to reserve the date?"
Explanation:
Anne asking "How much do I need to put down now to reserve the date?" is a signal that she is ready to sign the contract to book the reception.
Obviously, Anne Mason would only ask how much is required to put down to reserve a date at the Brook Park Zoo because they had just finished negotiating all the details of her upcoming wedding reception and she's satisfied with the service.
Final answer:
Anne Mason's clear signal of readiness to finalize the wedding reception contract with Lacey Abrams at Brook Park Zoo is when she asks about the deposit required to reserve the date, showing her intention to secure the venue.
Explanation:
A signal that a client is ready to move forward with a purchase or agreement, such as booking a venue for a wedding reception, typically comes in the form of a clear indicator of commitment or preparation to take the next step. In the context of Lacey Abrams, a sales representative for Brook Park Zoo, handling Anne Mason's wedding reception booking, the signal that Anne is ready to sign the contract would likely be an action or a question that directly relates to the finalization of the agreement. Among the options provided, the clear signal of readiness to close the sale is C) where Anne asks, "How much do I need to put down now to reserve the date?" This shows her intention to secure the venue by understanding the financial commitment required at this stage.
Other options, such as checking the phone or inquiring about offerings like pre-set desserts or what competitors offer, are signals that could indicate hesitancy or a need for further clarification, rather than a readiness to conclude the transaction.
Cost estimates on a long-term contract may indicate that a loss will result on completion of the entire contract. In this case, the entire expected loss should be:__________.
A) recognized in the current period, regardless of whether the percentage-of-completion or completed-
contract method is employed.
B) recognized in the current period under the percentage-of-completion method, but the completed-contract
method defers recognition of the loss to the time when the contract is completed.
C) recognized in the current period under the completed-contract method, but the percentage-of-
completion method defers the loss until the contract is completed.
D) deferred and recognized when the contract is completed, regardless of whether the percentage-of-
completion or completed-contract method is employed.
Answer:
The answer is A.) Recognized in the current period, regardless of whether the percentage-of-completion or completed contract method is employed.
Explanation:
The long -run cost function can be estimated using either time-series cost-output data collected on a plant (or firm) whose size has been variable over time, or cross-sectional cost-output dasta collected on a sample of plants,(firms) of different sizes at a particular point on time.
Answer:
The correct answer here is A)
Here is why.
Explanation:
If it is not recognized in the current period, it may be misleading. A forecast is indicative that a budget has already taken place and that resources have been released.
So even though cost estimates at the end of the incumbent period may indicate that a loss will result once the contract is completed, under the Zero-Profit, Completed- contract and percentage-of-completion methods, the entire loss that is expected on the contract must be recognized in the current period.
Cost estimation in project management speaks to identifying taking cognizance of the cost and other resources needed to finish a project whose purview or extent is properly defined.
A good cost estimate must include a detailed Basis of Estimate (BOE) report that describes the assumptions, exclusions, inclusions, accuracy and other aspects that are needed to interpret the total project cost.
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Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 54,000 shares on November 1. The weighted average shares outstanding for the year isA. 851,000B. 872,000C. 893,000D. 914,000
Answer:
The answer is 872,000
Explanation:
The shares are bought on different dates, so we need to factor this in.
From January 1 to December 31:
800,000 shares(A full year)
From May 1 to December 31:
8/12 x 126,000 shares
=84,000 shares
From September 1 to December 31:
4/12 x 63,000 shares
= 21,000 shares
And from November to December 31;
2/12 x 54,000 shares
9,000 shares.
Therefore, the weighted average shares outstanding for the year is:
800,000 + 84,000 - 21,000 + 9,000 shares
= 872,000
The reason why 21,000 shares was substracted from the rest was because the 63,000 shares was a treasury stock i.e shares buy back and treasury stock reduces number of outstanding shares
Final answer:
To calculate the weighted average shares outstanding for the year for Milo Co., consider the shares issued and repurchased at different times throughout the year.
Explanation:
Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May 1, purchased 63,000 shares of treasury stock on September 1, and issued 54,000 shares on November 1. To calculate the weighted average shares outstanding for the year, you have to take into account the time period each set of shares was outstanding.
The weighted average shares outstanding can be calculated as: [800,000 shares * 12 months + 926,000 shares * 8 months + 863,000 shares * 4 months + 917,000 shares * 1 month] / 12 months = 872,000 shares.
Strategic leaders are responsible for large organizations and influence several thousand to hundreds of thousands of people. They establish force structure, allocate resources, communicate strategic vision, and prepare their commands and the Army for future roles. Which leader would perform these responsibilities?
Answer:
The army chief of staff.
Explanation:
The army chief of staff performs these responsibilities.
His responsibilities include:
1. reporting directly to the Secretary of the Army for army matters and providing assistance to the secretary.
2. He presents and enforces the policies, plans, and projections of the military, while preparing their commands and the military for roles in the future.
Answer:
The Army Chief of Staff.
Explanation:
The Chief of Staff usually reports directly to the Secretary of the Army for army matters and assists in the Secretary's external affairs functions, including presenting and enforcing army policies, plans, and projections. The Chief of Staff of the Army is usually nominated by the President of the country and must be confirmed by the Senate.
The Army Chief of Staff presents and enforces the policies, plans, and projections of the military, while preparing their commands and the military for roles in the future.
Suppose Jane has chosen a combination of two goods, A and B, such that MU/P of good A is 10 (MUA/PA = 10), and the MU/P of good B is 10 (MUB/PB = 10). To increase utility with the same amount of money, Jane should:________.
a) increase the number of B consumed.
b) increase the number of A consumed.
c) increase the number of A and B consumed.
d) do nothing; she cannot increase utility with the same amount of money.
Answer:
Option D.
Explanation:
A rule for maximizing utility is that if an individual wants to maximize total utility, for every dollar that is spent, he/she should spend it on the commodity that yields the greatest marginal utility per dollar of expenditure.
In the scenario presented above, we can see that the marginal utilities per dollar for both commodities that Jane consumes are equal, therefore she can neither increase or decrease spending on any particular commodity in order to increase or decrease its marginal utility, this is because she gets an equal amount of marginal utility from both commodities.
Therefore, with the same amount of money, Jane cannot increase utility.
When the federal reserve decreases the federal funds target rate, it means that
Potential advantages to initiating, continuing, or expanding international operations is that foreign operations can absorb excess capacity, reduce unit costs, and spread economic risks over a wider number of markets.
Answer:
True:)
Explanation:
The given statement is very TRUE.
Yes, as we know that in international operations the companies are given the freedom to find new consumers for their goods and as well as products. And foreign operations have the power to absorb as the demand is less than the stock, and also reduces the unit cost as their is no more production because of the less demand.
When Palm, Inc. acquired its 100% investment in Star Co., a foreign entity, the excess of cost over book value was 10,000 FC. This excess was traceable to a 10-year patent. Assume the foreign entity's local currency is its functional currency.
The elimination entry to amortize the excess will include a(n):
A. debit to Patent for 10,000FC multiplied by the current exchange rate.
B. debit to Patent for 10,000FC multiplied by the historical exchange rate.
C. credit to Investment in Star for 10,000FC multiplied by the average exchange rate.
D. credit to Cumulative Translation Adjustment for 10,000FC multiplied by the historical exchange rate.
Answer:
A. debit to Patent for 10,000FC multiplied by the current exchange rate.
Explanation:
Since the excess of cost over book value was 10,000FC and this excess was traceable to a 10-year patent.
The elimination entry to amortize the excess will include a debit to Patent for 10,000FC multiplied by the current exchange rate assuming the foreign entity's local currency is its functional currency.
Which behavior would most offices consider inethical
Answer:
Gross misconduct over public or office fund.
The statement, "All used-car dealers take advantage of customers" is: a. defamation so long as there was publication. b. defamation because it meets the requirement that the statement reflect on the honesty of the business. c. defamation because the businesses are sufficiently identified. d. not defamation.
Answer:
D. Not defamation
Explanation:
Defamation is a situation whereby someone's words ends up causing damages to another's reputation or livelihood. It can be an oral or a written form of statement which is false about an individual that unjustly damages their reputation or form of livelihood. Libel is a written form of defamation and slander is an oral or spoken form of defamation. Statements are only considered defamatory if they are false. True statements don't account for defamatory. Also, statements of opinions like in this case are not considered defamatory due to the fact that it is subjective to the speaker in question.
Answer:
D. Not Defamation.
Explanation:
This is said to be not defamatory because most of them posses low truth and honesty in such a business. This could be because of the risks involved.
Defamation action: you can prima facie be sued for defamation if you have published something about the car dealer as a company (only one that employs less than ten employees) or the owners or employees as individuals that detrimentally affects their reputation.
Hype Mobile Phones wants to learn how consumers decide which mobile phones to purchase, so it places researchers in mobile phone stores and has them pose as sales people. In this example, researchers are ________. a) third-party observers b) actors c) participant-observers d) active researchers e) imitators
Answer:
c) participant-observers
Explanation:
-Third-party observer is an additional person that is involved in the assesment.
-Actors refer to people tha perform a character.
-Participant-observer is when researchers are allowed to learn about what is being studied by participating in the activities that are part of the research.
-Active researchers refers to practitioners that are part of a company that perform the research in their area to help fix a problem.
-Imitators refer to people that copy other people's actions.
According to this, the answer is that in this example, researchers are participant-observers are researchers are placed in the stores s sales people.
The Financial Stability Oversight Council was created by Question 29 options: President Roosevelt in 1939 to reduce unemployment and increase public-sector job opportunities. President Obama and Congress in 2010 to identify system-wide risks to the financial sector. Congress in 1965 to counter the influence of the growing influence of the Office of Management and Budget. President Reagan in 1980 to study the causes of inflation and make policy recommendations to reduce it.
Answer:
President Obama and Congress in 2010 to identify system-wide risks to the financial sector.
Explanation:
The Financial Stability Oversight Council was created by President Obama and Congress in 2010 to identify system-wide risks to the financial sector.
Answer:
B. President Obama and Congress on 2010 to identify system-wide risks to the financial sector.
Explanation:
The Financial Stability Oversight Council was approved by congress and signed into law by President Barack Obama on July 21, 2010. This council was mainly formed to monitor the ability of financial organizations in the United States to overcome factors that could make them fall.
When those factors are identified, the council addresses those factors. They also ensure that rules are followed in the course of business so that organization do not believe that the government would save them in the event that they do not meet up.
The Office of Financial Research supports the council.
A company total marketing communications mox consists of a specific blend of advertising, sales promotion, public relations personal selling and direct marketing tools that the company was to communicate customer value and build customer relationships. Which of the following terms best describes this set of communications tools?
A) the product mix
B) product line filling
C) the promotion mix
Answer:
C
Explanation:
The promotion mix.
A promotion mix is The Promotion Mix consists of a blend of Advertising, Personal Selling, Sales Promotion, Public Relations and Direct Marketing. These mix are chosen by marketers to help a business reach it's goals and objectives.
It is a promotion mix because it made up of of public relations, advertising, sales promotion and personal selling.
Answer:
C. the promotion mix
Explanation:
Promotion mix is a strategy employed by business to increase and maintain the demand for its goods and services through many means of promotions like advertising, sales promotion, direct marketing, personal spellings and public relation. Promotion mix is aimed at promoting immediate sales.
Elements of the promotion mix are :
- Sales promotion which consist of all activities aimed at promoting immediate sale
-Advertising ; is a paid form by a sponsor aimed at promoting goods and services
-Personal selling: Physical interaction between sellers and buyers aimed at promoting sales
-Public relation; Here, image of the product is being built in the market place by marketers.
There are 4 P's of marketing mix, which are price, place, promotion and people.
A production manager at a pottery factory has noticed that about 70 percent of defects result from impurities in raw materials, 15 percent result from human error 10 percent from machine malfunctions, and 5 percent from a variety of other causes. This manager is most likely using: a.A quality loss function. b.A scatter diagram. c.A Pareto chart. d.A flowchart. A cause-and-effect diagram.
A Pareto Chart are often used to identify the areas to focus on first in process improvement. This manager is most likely using (C) A Pareto Chart to identify the defects.
A Pareto Chart is a graph that indicates the frequency of defects, as well as their cumulative impact, and is useful to find the defects to prioritize in order to observe the greatest overall improvement.
A Pareto chart is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by the line. It helps to identify the most significant factors that contribute to a particular problem or situation.
In this case, the production manager is likely using a Pareto chart to analyse the defects in the pottery factory.
To know more about Pareto Chart :
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Adam Plastics, Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for February 2012 are:Work in process, beginning inventory, 200 units.Units started during February 600 unitsWork in process, ending inventory, 100 units30% complete as to conversion costs100% complete as to materialsCosts:Work in process, beginning inventory:Direct materials $200,000Conversion costs $200,000Direct materials costs added during February $2,000,000Conversion costs added during February $2,500,000What is the cost assigned to Ending WIP (Ending Inventory) in February?a. $393,162.50b. $4,900,000c. $385,958.90d. None of the above
Answer:
c. $385,958.90
Explanation:
Step 1 Determine the Total Cost Incurred for Both materials and Conversion
Raw Materials
Opening Work In Process $200,000
Add Cost Added during the year $2,000,000
Total $2,200,000
Conversion
Opening Work In Process $200,000
Add Cost Added during the year $2,500,000
Total $2,700,000
Step 2 Determine the total equivalent units for materials and conversion
Materials
Closing work in process 100 × 100% = 100
Completed and Transferred (600+200-100)×100% =700
Total =800
Conversion
Closing work in process 100 × 30% = 30
Completed and Transferred (600+200-100)×100% =700
Total =730
Step 3 Determine equivalent cost per unit of materials and conversion costs
Materials = $2,200,000/800 = $2,750
Conversion = $2,700,000/730 = $3,699
Step 4 Determine the cost assigned to Ending WIP
Materials ($2,750×100) = $275,000
Conversion Cost ($3,699×30) = $110,970
Total =$385970
hich one of the following refers to the ability of shareholders to undo a company's dividend policy and create an alternative dividend policy by reinvesting dividends or selling shares of stock? Multiple Choice Homemade dividend Personalization Offsetting leverage Recapitalization Perfect foresight model
Answer:
Homemade Dividend Policy
Explanation:
Homemade dividends can be defined as a concept in which liquid markets an investor can restructure a company's dividend policy to equate his own cash flow objectives. In a case where an investor receives a dividend when he does not want any cash inflow, he has the option of reinvesting the amount back into the company's stock.
In 2019, Jasmine and Thomas, a married couple, had taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have reported taxable income of $10,000. Use Tax Rate
Answer:
The couple would have a marriage benefit of $3,822.
Explanation:
They pay will pay less by filling jointly than their combined tax liability $3,822 if they fill the firm as singles. Below is table showing how is it been gotten
The subject involves determining marginal tax rates for a married couple based on different filing statuses. A couple with a joint income of $150,000 may encounter different tax rates if they file separately rather than jointly, owing to the progressive tax system in the U.S. Marginal tax rates vary depending on the amount of income and filing status.
The question revolves around understanding the marginal tax rates and how they differ when a married couple files jointly versus separate tax returns. Marginal tax rates essentially describe the percentage of tax applied to your income for each tax bracket in which you qualify. For a married couple with a combined income of $150,000, their marginal tax rate would be determined by the tax brackets set by the IRS for the respective tax year.
The scenario provided splits the combined income into $140,000 for Jasmine and $10,000 for Thomas if they were to file separately. This could result in different marginal tax rates for each individual due to the progressive nature of the U.S tax system. The tax rate applied to each individual's income would typically be lower for Thomas since he falls within a lower income bracket, whereas Jasmine's income puts her in a higher tax bracket, hence a higher marginal tax rate. However, in practice, married couples often benefit from a lower tax rate on their combined income when filing jointly, compared to what they would owe in total if they filed separately, due to the way tax brackets are structured for married filing jointly status.
Hilary was put on a new team by her manager. Ever since she shifted teams, Hilary has felt energized and motivated toward higher performance because her friends work in the same team. She and her friends work together to come up with creative ideas and solutions to problems. In the given scenario, Hilary's manager recognized that _____ was most likely to produce a positive change for Hilary. a. social facilitation b. self-management c. gain sharing d. cross-functionality
Answer:
A. Social facilitation
Explanation:
Social facilitation refers to the improvement in an employee's performance when working with friends and people in general over working alone. It involves the improvement in work by the mere presence of others. The improvement of the employee's performance has nothing to do with special training and the likes. It just involves allowing the employee to work with others rather than being alone. It points to the school of thoughts that people are motivated in working together rather than working alone. In this case, Hilary is placed in a team to work with her friend and others which has lead in the improvement of her performance.
Infinite Coffee Inc. owns coffee plantations in Brazil. The company trades its coffee produce directly with coffee merchants in foreign markets who later resell and distribute it throughout their country. In this scenario, Infinite Coffee's activities best illustrate___________.
Answer:
Exporting
Explanation:
Exporting refers to the sale of goods and services to a country different from the one in which they were produced. According to this, the answer is that in this scenario, Infinite Coffee's activities best illustrate exporting because the company sells the coffee to merchants in foreign markets.
The economic freedom of the world measure indicates that the united states
Ormand Company uses variable costing for internal decision-making purposes and has the following information for June: Sales $900,000 Variable cost of goods sold 440,000 Fixed manufacturing costs 160,000 Variable selling and administrative expenses 100,000 Fixed selling and administrative expenses 70,000 Determine the income from operations for June.
Answer:
$130000
Explanation:
Given: Sales revenue= $900000.
Variable cost of goods sold= $440000.
Fixed manufacturing cost= $160000
Variable selling and administration expense= $100000.
Fixed selling and administrative expense= $70000.
Now, finding the income from operation for June.
Formula; Income from operation= [tex]Revenue- cost\ of\ goods\ sold- administrative\ expense[/tex]
⇒ Income from operation= [tex]\$ 900000- \$ 440000-\$ 160000- (\$ 100000+\$ 70000)[/tex]
⇒ Income from operation= [tex]\$ 900000- \$ 600000- \$ 170000[/tex]
⇒ Income from operation= [tex]\$ 900000 - \$ 770000[/tex]
∴ Income from operation= [tex]\$ 130000[/tex]
Hence, $130000 is the income from operation for June.
Which of the following could cause an appreciation of the real exchange rate in a small open economy? A decrease in the domestic interest rate. The expiration of an investment tax-credit provision. An increase in government spending. An increase in taxes.
Answer: An increase in government spending
Explanation:
Currency appreciation is an increase in the worth of one currency against the value of another currency. Due to the appreciation of a currency, imports get cheaper.
In a small open economy, the appreciation of the real exchange rate can be caused by an increase in government spending as this puts pressure on domestic currency to appreciate, which leads to current account deterioration.
SparkClean is a company that specializes in producing cleaning products for automobiles. In order to promote its products, SparkClean sends a complimentary sample of its products to auto enthusiasts. Which form of marketing is SparkClean involved in?
Answer:
Direct mail marketing
Explanation:
This is a form of marketing technique in which an organization sends out letters, postcards, samples and other form of promotional materials to target market which may compose of past customers, present customers and potential customers needing the products or services they are offering. Seeing that SparkleClean sends complimentary samples to auto enthusiasts, they are using the direct mail marketing technique. There are a lot of promotional materials that can be used in scenarios like this. Apart from letters and postcards, brochures, catalogs, bulletin and so on can be used.
Answer:
direct mail marketing
Explanation:
SparkClean is using direct mail marketing since it is sending a free sample to auto enthusiasts. Generally direct mail marketing involves sending catalogs, brochures, newsletters or small sample products like this case. Before it was very common to receive catalogs by mail. I remembered we always got JC Penny's catalog and my mother ordered our clothes and shoes. It was a problem with the shoes because she would always order large shoes just in case.
Now most direct mail marketing efforts have been replaced by emails and catalogs by websites.
The local printing company purchases a new copy machine that reduces the cost of making a color copy by ten cents a copy. It normally makes 50,000 color copies a year and is in the 28 percent income tax bracket. The annual taxes on this purchase will be ___________.A) $3,600. B) $5,000. C) $6,400. D) $1,400.
Answer:
D. $1400
Explanation:
Given that
Tax rate = 28%
New purchase reduces cost by 10 cents
Copier makes $50000
Thus,
Annual taxes on purchase = (50000/10) × 28%
= 5000 × 28%
= 5000 × 0.28
= $1400
Therefore, Annual taxes on purchase is $1400.
The twist trust has generated $60,000 in depreciation deductions for the year. its accounting income is $75,000. in computing this amount, pursuant to the trust document, depreciation was allocated to corpus. accounting income was distributed at the trustee's discretion: $25,000 to hernandez and $50,000 to jackson.
Answer:
the file attached shows the whole explanation. I hope it helps.
Explanation:
Complete question
Compute the depreciation deductions that Hernandez, Jackson, and Twist may claim under the following assumptions. If an amount is zero, enter "0". Do not round any division. Depreciation Deductions Hernandez Jackson Twist Trust
a. Depreciation deduction allocated to corpus. Hernandez$_____ Jackson$_____ Twist Trust$_____
b. If depreciation was allocated to income. Hernandez$_____ Jackson$_____ Twist Trust$_____
c. If the trustee distributed $15,000 each to Hernandez and to Jackson and retained the remaining accounting income. Hernandez$_____ Jackson$_____ Twist Trust$_____
d. If Twist is an estate (not a trust) and depreciation deduction allocated to corpus.
Lucas is planning to buy a house owned by Janet. He gives her an initial amount of $10,000 to hold the offer open for a 45-day period. Janet will deduct the $10,000 from the purchase price if Lucas purchases the property within those 45 days. If he does not, Janet can keep the $10,000 and offer the house to another party. Which of the following contracts does this scenario best illustrate?
A. Option contract
B. Void contract
C. Implied contract
D. Executed contract
Answer:
The correct answer is letter "A": Option contract.
Explanation:
An option contract gives a buyer the right but not the obligation to purchase an asset at a certain price -usually fixed- and date. The term is mostly used while talking about stocks. A buyer can profit both from the upward and downward movements of the stock price. If the price goes up, the investor could bet on call options while the decreasing price could allow investors to profit from put options.
Lucas's case reflects an option contract because he is planning to purchase a house from Janet at a price and date in the future but he agreed in not having the obligation to buy the house when that date arrives.
average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost and retail were $64,500 and $123,000, net purchases at cost and retail were $315,000 and $483,000, and sales during the first six months totaled $493,000. The estimated inventory at June 30, 2021, would be:
Answer:
$70,765
Explanation:
cost retail
beginning inventory $64,500 $123,000 52.44%
net purchases $315,000 $483,000 65.22%
sales during the first six months totaled $493,000.
we must first determine the cost of goods sold:
COGS = [(cost beginning inventory + cost net purchases) / (retail beginning inventory + retail net purchases)] x total sales = [($64,500 + $315,000) / ($123,000 + $483,000)] x $493,000 = ($379,500 / $606,000) x $493,000 = $308,735
ending inventory = cost beginning inventory + cost net purchases - COGS = $64,500 + $315,000 - $308,735 = $70,765
The production of rice in the year 2001 was 1000 tones which was 25% of the total food grain production in that year. In the next year if the production of rice decreased by 4% and production of rice as a percentage of total food grain production increased by 5 percentage points, what is the total food grain production in 2002?
Answer:
3200 tonnes
Explanation
Production of rice in 2001 =1000 tonnes
% rice to total production = 25%
Total production =100/25 *1000 = 4000 tonnes
2002 production of rice decrease by 4%
Decrease = 4% * 1000 = 40
Production of rice =960
% production of rice increase by 5% = 25%+5%= 30%
Total food production 100/30*960 =3200 tonnes