This Agreement is made between _Elsa Winter_ ("Client") with a principal place of business at _Loveville, Maryland__ and _Old Time Restorations_ ("Contractor"), with a principal place of business at __Pocomoke City, Maryland__.
The above is an example of a legally enforceable and valid contract.
What is a contract?A contract is a legally enforceable agreement, usually between two or more parties, that creates, defines, and governs the mutual rights and obligations among the contracting parties.
A valid enforceable contract must meet these conditions:
OfferAcceptanceMeeting of the MindsConsiderationCapacityLegality.Thus, the agreement is between Elsa Winter as the client and Old Time Restorations with both principal office and residence in Maryland.
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ACTIVITY 3 TOTAL:86 3.1 Distinguish between BEE and BBBEE.
Table 101.22
Production Capability
Containers of Laptops Containers of Synthetic Grass
390 containers/unit
125 containers/unit
China has 1200
production units:
Australia has 1200
production units:
150 containers/unit
100 containers/unit
Refer to Table 101.22 If each country specialises in their production with China producing only laptops and Australia producing
only synthetic grass, at a trading rate of two laptops per synthetic grass, how many synthetic grass and laptops will be
available to be consumed in China if they trade 170,000 laptops to Australia?
O a. 298,000 laptops and 85,000 synthetic grass
Ob 29.800 laptops and 8,500 synthetic grass
c. There is not enough information to answer this question.
O d. 300,000 laptops and 618,000 synthetic grass
Next page
At a trading rate of two laptops per synthetic grass, the number of synthetic grass and laptops that will be available to be consumed in China, if they trade 170,000 laptops to Australia is a. 298,000 laptops and 85,000 synthetic grass.
What is the trading rate?The trading rate is the exchange rate that is used by two countries to exchange goods and services based on the value of their currencies.
In this case, the agreed trading or exchange rate between China's Laptops and Australia's Synthetic Grass is two laptops per synthetic grass.
Data and Calculations:Table 101.22
Production Capability Containers of Containers of
Laptops Synthetic Grass
China's production 390 containers/unit 125 containers/unit
China has 1,200 units 234,000 75,000
(390 x 1,200/2) (125 x 1,200/2)
Australia's production 150 containers/unit 100 containers/unit
Australia has 1,200 units 90,000 60,000
(150 x 1,200/2) (100 x 1,200/2)
Production with specialization:
China produces Laptops only 468,000 (1,200 x 390) 0
Australia will produce Grass only 120,0000 (1,200 x 100)
Trade Exchange (170,000) (85,000) (170,000/2)
Available for consumption after trade 298,000 35,000
(468,000 - 170,000) (120,000 - 85,000)
Thus, at a trading rate of two laptops per synthetic grass, the number of synthetic grass and laptops that will be available to be consumed in China, if they trade 170,000 laptops to Australia is a. 298,000 laptops and 85,000 synthetic grass.
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John works in a medium sized office. Last year, the company hired Jane as John's new supervisor. Jane's management style includes berating her employees in front of the other office workers when something is not completed to her specifications. Over the year, John has been singled out by Jane more and more often and it has become a daily occurrence. John has been putting in extra effort in order to reduce the public humiliation being inflicted upon him, but he has been becoming ill more often than usual. According to General Adaptation Syndrome, which stage is John currently in
According to the General Adaptation Syndrome (GAS), John is currently in the third stage, which is exhaustion.
What is the General Adaptation SyndromeThe General Adaptation Syndrome states that the body goes through three stages of alarm, resistance, and exhaustion when it is exposed to any kind of stress, whether positive or negative.
At the exhaustion stage, if John does not resolve the stressors, perhaps by confronting Jane in a polite manner, it can lead to the development of physical and mental health problems.
Thus, John is currently in the exhaustion stage of the General Adaptation Syndrome.
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The Balance Sheet Identity is:
A. The value of the Owners Equity
B. The same as the Net Working
C. Capital The Sum of all assets minus the liabilities
D. Assets=Liabilities Owners Equity
E. Assets Liabilities = OwnersEquity
Answer: D
Explanation: Assets = Liabilities + Owners Equity
A baseball player is offered a 5-year contract that pays him the following amounts: Year 1: $1.40 million Year 2: $1.51 million Year 3: $2.25 million Year 4: $2.59 million Year 5: $3.17 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $1.54 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 5-year ANNUITY DUE. All cash flows are discounted at 10.00 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)
The player's annual salary (in millions of dollars), using the present value calculations, is $1.89743 million.
What is the present value?The present value of the player's future cash flows (salaries) is the current value or the value in today's dollars. It is computed by discounting the future values at the appropriate discount rate.
The present value can be computed using the Present Value formula, an online finance calculator, or the PV factor table.
Formula
PV = FV \frac{1}{(1+r)^{n}}
Where:
PV = present value
FV = future value
r = rate of return
{n} = number of periods
Data and Calculations:Discount rate = 10%
Period of salary = 5 years
Period Cash Flows PV Factor Present Value
Year 1: $1.40 million 0.909 $1,272,600 ($1.4 x 0.909)
Year 2: $1.51 million 0.826 1,247,260 ($1.51 x 0.826)
Year 3: $2.25 million 0.751 1,689,750 ($2.25 x 0.751)
Year 4: $2.59 million 0.683 1,768,970 ($2.59 x 0.683)
Year 5: $3.17 million 0.621 1,968,570 ($3.17 x 0.621)
Additional present value required 1,540,000
Total present value = $9,287,150
Annual salary (in millions of dollars) = $1.89743 million ($9,287,150/5).
Thus, the player's annual salary (in millions of dollars) is $1.89743 million.
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The methods and rules the Federal Reserve uses to ensure the safety of your money is called _____.
monetary policy
interest rate
money supply
reserve ratio
Answer:
monetary policy
Explanation:
it produces economic growth
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What is the correct ICD-10-CM code for Myasthenia gravis in crisis ?
Answer:
01 is a billable ICD code used to specify a diagnosis of myasthenia gravis with (acute) exacerbation ? G70. 01.
Krista Lee can purchase a service contract for all of her major appliances for $180 a year. If the appliances are expected to last for 10 years and she earns 5 percent on her savings, what would be the future value of the amount Krista will pay for the service contract
The future value of the amount Krista will pay for the service contract is: $2,264.
Future valueUsing this formula
FV=Annual payment × Future value annuity factor
Where:
Annual payment =$180
Future value annuity factor=(10 years;5%)=12.5779
Let plug in the formula
FV=$180× (10 years;5%)
FV=$270 × 12.5779
FV=$2,264
Inconclusion the future value of the amount Krista will pay for the service contract is: $2,264.
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How was the statis decisis doctrine used in case with digital enterprises
Answer:
that is the answer
look at it
Explanation:
please follow
Company A is considering whether or not to expand into another segment. It currently has an ROA (return on assets) measure of 5%. The proposed expansion involves spending $1m on new assets and will increase annual profits (after taxes) by $1,000. The expansion will:
As a result of the expansion described, the effect will Decrease Company A’s overall ROA.
Effect on Company A ROAThe ROA is found by the formula:
= Net profit / Total assets
If the new project goes through, it will increase assets by $1 million while only increasing net profits by $1,000.
This means that the denominator of total assets will increase much more than the numerator of Net profit. This will lead to a lower ROA in general because a larger denominator leads to a smaller product when the numerator is divided.
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Angelina and Sophia attended a professional development retreat at Ferncliff Camp. They met at a downtown location and traveled to the camp by bus. After three days of team-building exercises, Angelina and Sophia returned on the bus to their respective cars. When Angelina arrived at home, she discovered the camp employee who unloaded the bus had given her Sophia’s luggage by mistake. She called the camp to explain what happened and hopefully get her luggage back. Angelina can be charged with the crime of: ___________
a. theft, because she took Sophia’s suitcase without permission.
b. nothing, because she did not have the mental state required to commit a crime.
c. theft by receiving, because the suitcase was handed to her by a camp employee.
d. conversion.
Angelina can be charged with the crime of nothing, because she did not have the mental state required to commit a crime.
Is the mental state that a person intended to commit a crime?In a lot of cases, an act is a crime when the person committing it is said to have intended to do something that is wrong as stated by the state legislature or Congress.
It is said to be criminal intent but the case with Angelina is different because she did not have the mental state to do so as it was a mistake.
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define career progression
Answer:
career progression is that it's the act of moving forward in your career. You may hear people talking about “climbing the ladder” at work, however progressing in your career doesn't always mean getting a promotion or securing a more highly paid role
what is breakeven in dollars and units
Answer:
Explanation:
Break even point in accounting and economics is the point at which the total cost of producing goods and total revenue are equal i.e the point a business does not experience either loss or gain.
Break even Analysis is basically used in determining the number of units or dollars of revenue needed to cover total costs.
from the above analysis we are asked to find breakeven in dollars and units.
to find Breakeven in units = FIXED COSTS / (SALES PRICE PER UNIT - VARIABLE COSTS PER UNITS)
fixed costs remains the same = $27, 136
the company enacted 10% increase in the
new sales price per unit will be ( 100 + 10% = 110% 1.1
( 1.1 x 130 ) = 141.
new variable price per unit = ( 1.1 x 98) = 107.8
breakeven in units = 27,136 / ($141 - $107.8)
27,136/ 33.2 = $817.349 , to nearest whole number = 817.35
breakeven in dollars = Fixed price / Contribution Margin
since, 10% increment has been enacted, our contribution margin would change too.
we then calculate contribution margin with the formula
(Sale price per dollar– Variable costs per dollar)
sale price = 1.1 x 124800 = 137,800
variable cost per dollar = 1.1 x 94080 = 103,488
contribution margin = 137800 - 103488 = 34,312.
break even in dollar = fixed price / contribution margin
27136/ 34312 = $0.790
You are repairing an HP notebook that uses several types of electronic repair tapes. What should you be sure to do when servicing products that use adhesives and tapes? Select the correct response.
The thing to do when making a repair of a HP notebook with several types of electronic repair is to:
Replace the tape if it does not provide adequate adhesion. What is Laptop Repair?This refers to the diagnosis and the solution to a laptop or PC problem using a set of tools.
With this in mind, we can see that when making a repair of a HP notebook which has electronic repair tapes, we would have to replace the tape if it does not provide adequate adhesion with the tapes.
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In what ways would research (gathering information) have helped the founders of MyEvent move beyond their original wedding platform and remain relevant in the rapidly changing world of Internet businesses?
Research work enables one to know just the needs of one's customers and to meet their demands.
Researching for any events brings one to the fore or know or comprehend the nature of the customers which helps one to serve them better.
Effects of ResearchIn this world where change is constant, researching helps to understand the dynamics of the customer. Knowledge on the modern technology and lifestyle will definitely assist in serving better and ensure being in the market. It updates one's job to meet the needs of the customers.
In conclusion, to be relevant in this changing world, one needs to research into the nature of one's customer in order to serve them better and also be in Vogue.
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A bank account pays interest at a nominal annual rate of 8.4%, compounded monthly. The account initially contains $100 and no new deposits are made, but any interest earned is kept in the account. To the nearest cent, what is the balance in the account after six years? (A) $108.73
Answer:
The ballance after six years will be $108.72 when rounded off to the nearest cent
A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2,000. Factory overhead applied to this job is $9,000. What is the cost per bike
Based on the number of bikes produced and the costs incurred, the cost per bike would be $85 per bike.
First find the total cost of producing all the bikes.
Total cost of production= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
What is the cost per Bike?= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
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An expense resulting from failing to take advantage of cash discounts when using the net method of recording purchases is called: Discounts earned. Purchases discounts. Discounts lost. Sales refund payable. Sales discounts.
The account that an expense is recorded in when a cash discount is not taken advantage of is known as Discounts lost.
What is the Discounts lost account?It is an account found in the general ledger that shows the amount that a company lost when it failed to pay within a certain period that would have allowed it to take advantage of discounts offered.
As it is an expense account, its normal balance will be a debit and will increase when discounts are lost.
In conclusion, option C is correct.
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definition of medium term plans
At the Horizons Company, Paul is an intermediary in the global market, and he assumes all ownership risks and sells globally for its own account. Paul serves as _______
Paul serves as a buyer of export because as an intermediary, he assumes all ownership risks and sells globally for its own account.
Who is a buyer of export?A buyer of export means an individual or entity that sell goods or services or ship goods to a foreign country or countries.
In conclusion, here, paul serves as a buyer of export because as an intermediary, he assumes all ownership risks and sells globally for its own account
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You have $400,000 to donate to your college. The college's discount rate is 7%. You donate the money today, but you ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today. How large will the annual payment be?
Based on the information given the annual payment will be $51,476.86.
Annual scholarship paymentUsing this formula
Annual payment=[Principal×(1+Discount rate)]×Discount rate
Let plug in the formula
Annual payment = [$400,000×(1+0.07)^9]×0.07
[$400,000×(1.07)^9]×7%
Annual payment= $735,383.68×0.07
Annual payment= $51,476.86
Inconclusion the annual payment will be $51,476.86.
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If a business has received cash in advance of services performed and credits a liability account, the adjusting entry needed after the services are performed will be:
If a business should record a liability for cash received in advance for services performed, the adjusting entry would be to debit unearned revenue and credit service revenue.
Why is this the adjusting entry?The liability created is called the Unearned revenue account and because it is being reduced, it will be debited as all liability accounts are when they are reduced.
Service revenue will then be credited because revenue is credited when it increases. The cash becomes revenue because it has now been recognized for the services performed.
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Shawn has $2,500 invested at a guaranteed rate of 4.35 percent, compounded annually. What will his investment be worth after five years
Based on the information given his investment be worth after five years is: $3,093.16.
Future valueUsing this formula
FV (5) =Principal×(1+Rate)^ Time
Where:
Principal=$2,500
Rate=4.35%
Time=5 years
Let plug in the formula
FV (5) = $2,500 x( 1+.0435)^5
FV (5) = $2,500 x( 1.0435)^5
FV (5) = $3,093.16
Inconclusion his investment be worth after five years is: $3,093.16.
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A two-party check is made payable to:
a. both the patient and the provider
b. both the provider and the payer
c. both the patient and the payer
d. two different payers
Answer:
https://quiz let.co m/96700748/chapter-4-flash-cards/
Explanation:
Link above provides answers
( Don't copy paraprashe)
Answer:
[A] both the patient and the provider
Explanation:
The inventory costing method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also follows the actual flow of goods for most businesses is: Multiple Choice FIFO. Weighted average. LIFO. Specific identification. Lower of cost or market.
The inventory costing method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost is FIFO.
What is FIFO?
FIFO means first in, first out. It is an inventory cost method that assigns the cost of goods sold to the inventory that is first purchased. Ending inventory which is recorded in the balance sheet is made up of the inventory purchased the latest.
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Under what conditions is the current organizational structure of Dropbox most likely to be effective
When there is a single business mission, the current organizational structure of Dropbox is most likely to be effective. Option (A) is correct.
What is organizational structure?A company's functions, teams, and personnel are outlined hierarchically in an organizational structure. Organizational structures outline the duties of employees, who they answer to, and how corporate decisions are made. Your organizational structure must at the very least incorporate fundamental hierarchies and staff titles.
When you launch a business, your business plan often includes a mission statement. It explains the reason behind your business' existence and serves as a method for the public to learn about it. By keeping you on target, developing your goal statement aids in business unification and potential business blunders.
Therefore, Option (A) is correct.
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Your question is incomplete, the complete question will be;
Under what conditions is the current organizational structure of Dropbox most likely to be effective?
A) When there is a single business mission
B) When the organization is following a product development strategy
C) When following an unrelated diversification strategy
D) When following a related diversification strategy for the business
What is business studies
Answer:
Business Sciences is a career focused on the study of corporations. ... Business sciences encompass various fields of study such as economics, finance, accounting, law, and even computer science, in this case, applied to business.Explanation:
Long live Mexico
Answer:
The study of economics and management, especially as an educational topic.
Explanation:
The adjusted basis of an asset is: Multiple Choice The cost basis less any accumulated depreciation. The cost of the asset. The fair market value of the asset. The trade-in value of the asset.
Answer: The cost basis less any accumulated depreciation
Explanation: the adjusted basis of an asset is the cost less any accumulated depreciation. For example, a firm purchase an asset for $100,000. If has a 10 year useful life depreciated using the straight line method. So, the yearly depreciation is $10,000 per year. After 5 years, the adjusted basis of the asset would be $50,000 [100,000 - (5 x 10,000)].
What role will sustainability methods and techniques in the area of Manufacturing for companies in the future?
Answer:
Sustainable manufacturing aims to produce goods with minimum use of energy and natural resources, maximum profit, while ensuring societal health and safety throughout the product life cycle.
Explanation:
Consumer Protection Acts on Marketing Functions
Answer:
Marketing must not be misleading or deceptive, for example, suppliers must not: give untrue characteristics about themselves, or their goods or services; or. ... A supplier must advertise goods or services only if they are available and can be supplied.