Answer:
An contract is an understanding agreement that can be implemented in court it is a shaped by two or more gatherings who consent to perform or to cease from playing out some demonstration now or later on . The target hypothesis of agreements not by the individual or subjective aim or conviction of a gathering .The hypothesis is that gathering's expectation to go into an agreement is judged by outward destinations truths as deciphered by a sensible individual ,as opposed to by the gathering's mystery subjective aims . the essential components of a substantial contract and the path in which an agreement is made. The agreements that fall under this circumstance would be the agreement of arrangement contract of development ,contract of execution and the agreement of enforceability. The main contract would be the agreement of arrangement .They are contracts that are grouped in light of how when an agreement of development .
In the event that Ed had constantly paid for all the earlier pieces of candy, there gives off an impression of being suggested in actuality contract taking into account the earlier course of dealings amongst Ed and Fran.
Waving the sweet treat at Fran can be seen as an affirmation that Ed was not surreptitiously taking the piece of candy, but rather was demonstrating that he would get her the cash for that one later. His questionable signal in light of the gatherings earlier course of managing could sensibly be translated by Fran as a nonverbal IOU at the cost of that 1 piece of candy.There can likewise be an inferred in law contract taking into account the same certainties since to not force a suggested in law guarantee to pay results in the uncalled for improvement of Ed at the expense of Fran.Either sort of inferred contract is enforceable in Court.
The situation between Ed and Fran and the brownie forms an implied-in-fact contract, based on their established habitual behaviors. It's an executed and enforceable contract assuming there are no factors that may render the contract unenforceable.
In the scenario presented, a contract indeed exists between Ed and Fran. This is an implied-in-fact contract because it was formed by the conduct of the parties involved rather than a formal agreement. Ed's habitual behavior of picking up items and paying for them establishes a pattern of conduct and an unspoken agreement.
In terms of performance, this is an executed contract, because Ed picked up a brownie and walked out. Presumably, from past behavior, he is expected to pay later.
As for enforceability, assuming there are no elements that may render the contract unenforceable (such as fraud or mistake), it is enforceable. Fran could presumably sue for breach of contract if Ed failed to pay for the brownie.
#SPJ11
Market
Minneapolis Medical Dental
Sales $ 330,000 100 % $ 220,000 100 % $ 110,000 100 %
Variable expenses 198,000 60 % 143,000 65 % 55,000 50 %
Contribution margin 132,000 40 % 77,000 35 % 55,000 50 %
Traceable fixed expenses 39,600 12 % 11,000 5 % 28,600 26 %
Market segment margin 92,400 28 % $ 66,000 30 % $ 26,400 24 %
Common fixed expenses
not traceable to markets 9,900 3 %
Office segment margin $ 82,500 25 %
The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. The campaign would cost $4,400. Marketing studies indicate that such a campaign would increase sales in the Medical market by $38,500 or increase sales in the Dental market by $33,000.
Required:
Calculate the increased segment margin.for Medical:
Calculate the increased segment margin for Dental:
Answer:
Increase Segment margin for Medial = $9,075
Increase Segment margin for Dental = $12,100
Explanation:
The calculation of increased segment margin.for Medical and Dental is shown below:-
Medical Dental
Incremental Sales $38,500 $33,000
Less: Variable Cost ($25,025) ($16,500)
(Medical 65% and ($38,500 × 65%) ($33,000 × 50%)
Dental 50%)
Incremental
Contribution Margin $13,475 $16,500
Less: Traceable
Advertising Cost ($4,400) ($4,400)
Increase Segment
Margin $9,075 $12,100
Answer:
b. spending by individuals and households on only non-durable goods.
Explanation:
Consumption spending is spending by individuals and households on only non-durable goods. Consumption is a component of GDP which includes spending on goods and services by individuals and households as it includes non-durable as well as durable goods on the basis of consumption patterns.
a. $5,850b. $5,550c. $5,350d. $5,250
Answer:
a. $5,850
Explanation:
Under the LIFO Method, the cost of good sold equals to
= January 28 units × cost per unit + Remaining units × cost per unit
= 100 units × $24 + 150 units × $23
= $2,400 + $3,450
= $5,850
Since the firm has sold 250 units, so out of which 100 units sold at a price of $24 and the remaining 150 units sold at a price of $23
The cost of the inventory at January 31, year 2, under the LIFO method is not provided in the answer choices.
The LIFO (Last In First Out) method assumes that the most recently purchased inventory is sold first. In this case, the cost of the 250 units purchased on January 18, 23, and 24 will be used to calculate the cost of the inventory at January 31st.
Let's calculate the cost of the inventory:
The total cost of the inventory at January 31st, year 2, under the LIFO method is $9,350. Therefore, the correct option is none of the above.
#SPJ12
Answer:
manufacturing overhead rate =$12.78
Explanation:
Giving the following information:
Butler Manufacturing estimated that:
Manufacturing overhead $176,400
Direct labor hour 13,800.
Actual results for the year:
The actual manufacturing overhead costs $185,000.
Actual direct labor hours 14,600.
We need to calculate the predetermined manufacturing overhead rate per direct hour
manufacturing overhead rate = 176400/13800hours= $12.78
n = 30
i = 6%
Cash Flow Amount Present Value
Interest $111,300,000 $74,454,240
Principal $100,000,000 $13,137,000
Price of bonds $87,591,240
Answer:
Bond Price = $97.4457408 million rounded off to $97.45 million
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 113 million * 0.05 = 5.65 million
Total periods (n) = 30
r or YTM = 0.06 or 6%
The formula to calculate the price of the bonds today is attached.
Bond Price =5.65 * [( 1 - (1+0.06)^-30) / 0.06] + 113 / (1+0.06)^30
Bond Price = $97.4457408 million rounded off to $97.45 million
The price of the bonds issued by Interlink Communications on December 31, 2021, is $87,591,240. This is calculated by adding the present value of the annual interest payments and the present value of the principal, both discounted at the market rate of 6%.
Interlink Communications issued 5% of the stated rate bonds with a face amount of $113 million on December 31, 2021. The bonds matured on December 31, 2051. To calculate the price of the bonds, we need to calculate the present value (PV) of the interest (5% x $113 million) and the principal ($113 million), both discounted at the market rate of interest (6%).
The bonds pay $5.65 million (5% x $113 million) annually. The PV of these payments is $74,454,240 based on the table given where n=30 and i=6%. The PV of the principal, the $113 million due at the end of the bond's term, is $13,137,000, again using the table values where n=30 and i=6%. So, the price of the bonds on December 31, 2021 is the sum of the PV of the interest and the PV of the principal, which is $87,591,240.
#SPJ3
Answer: Expected Return = 0.47
Explanation:
Using the CAPM, The Capital Asset Pricing Model formulae , we have that
Expected Return = Risk Free Rate + Beta(Market Return - Risk Free Rate)
Where
market return is 0.19
Beta =2.67
risk-free asset= 0.02
Expected Return=0.02 +2.67 X (0.19 - 0.02)
=0.02 +2.67 X (0.17)
0.02 +0.4539
Required Return=0.47
Therefore Expected Return for Snap On Inc is 0.47