The above-given statement is true, Employees report home office costs as from AGI deductions, but self-employed taxpayers report them as from AGI deductions.
A self-employed person is allowed to deduct half of their self-employment tax obligation for the tax year.
When calculating adjusted gross income, the deduction is claimed as an above-the-line deduction (AGI). To claim the deduction, the taxpayer does not have to itemize their expenses.
Your adjusted gross income (AGI) amount is used by the Internal Revenue Service (IRS) to determine your annual income tax obligation.
It is calculated by subtracting particular adjustments from gross income, such as business expenses, student loan interest expenses, and other expenses.
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Why do you need long-term coping skills?
Answer:
people who adjust to stressful or traumatic situations through coping mechanisms may be less likely to experience anxiety, depression, and other mental health concerns.
Anxiety, sadness, and other mental health issues may be less common in persons who use coping methods to deal with stressful or traumatic experiences.
Fear, dread, and unease are emotions associated with anxiety. Your heart rate may increase, you could start to perspire, and you might feel anxious and tight. Stress may be the cause of it.
For instance, before taking a test, making a big choice, or dealing with a challenging topic at work, you could have anxiety. You might cope better with it. Your anxiousness could make you more alert or help you concentrate. In contrast, the traumatic experiences can be paralyzing for those who suffer from anxiety disorders.
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If you’re trying to gain access to a credit card before you turn 21, which of the suggestions rely on the support of a parent or guardian?
Answer:
Explanation: If you want to get a credit card before your 21 then your guardian is gonna have to hold on to it.
hope this helped you out!
membe is trying to get his financial records organized. He has several monthly credit card statements. Where is the MOST logical place for Namembe to store these records?
A. a paid storage facility
B. a home file
C. a computer file
D. a safe deposit box
The most logical place to store financial records is a computer file.
Each provided solution is useful to store one's records and personal data but there are merits and demerits to them.
Such as, a home file is a place to store data and it is easily accessible. However, it would be difficult to organize data at a home file and would also be time-consuming. Moreover, only limited data can be kept stored, as over time more space would be required so old data would be discarded.
In the case of a safe deposit box, which is also a secure place to store, the main issue is that it would be costly in comparison to the other options.
The computer file is easy to maintain and financial records can be kept well organized without the need to delete old data, as it hardly consumes any storage. And it would be less costly in comparison to the safe deposit box.
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Answer:
B. a home file
Explanation:
I took the quiz and this was the correct answer.
what are some ways the financial crisis in 2008 could've been avoided
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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What are the OSHA guidelines for reporting injuries, illnesses, and fatalities?
Answer:
(Answers may vary.)
I know that as per OSHA guidelines, I must report workplace related accidents. I would ensure I implement the following OSHA guidelines:
I will report any worker fatality within 8 hours.
I will report any amputation, loss of an eye, or hospitalization of a worker within 24 hours.
Since I have more than 10 employees, I will keep a record of any serious work-related injuries and illnesses for five years.
Explanation:
What is TRUE about permanent life insurance?
Because permanent (whole) life insurance protects the insured for their entire life, premiums are due each year until the insured dies. This may prove to be expensive when the insured is retired, and does not earn an income. The correct answer is: The premium-paying period may extend beyond the income-earning years.
The craft wholesaler, Living Arts, offers a 15 percent discount on all Christmas
decorations bought before August 1. If a local crafts shop placed an order on July
11 for $3,300 worth of decorations, what would the discount and final price be?
Answer:
Discount amount: $495
The final price: $2,805
Explanation:
The local crafts shop made their order before august 1, hence qualifies for the 15% discount.
The discount amount will be 15% of $3,300
=15/100 x $3,300
=0.15 x $3,300
=$495
The final price will be
cost price - discount amount
=$3,300 - $495
=$2,805
if i asked a question and two people had to split the points. and i gave the question 60 points. how many points would each person get
Answer:
30 points
Explanation:
If the question is worth 60 points, split between 2 people, it's 30.
how can you value our farmers in your own simple way
Answer:
By helping them
Explanation:
We need to cooperate
Activities would you perform as an entrepreneur?
Answer:
no. because why it make since to person as an entrepreneur
Ten office hazard in that picture
Office hazards refer to potential risks and dangers that exist within an office environment, which can pose a threat to the health and safety of employees
Poor ergonomics: Improper workstation setup, uncomfortable chairs, and incorrect positioning of computer equipment can lead to musculoskeletal disorders.
Slips, trips, and falls: Cluttered walkways, loose cables, wet floors, and uneven surfaces can cause accidents.
Electrical hazards: Exposed wiring, overloaded outlets, faulty electrical equipment, and improper use of electrical devices can lead to shocks and fires.
Fire hazards: Blocked fire exits, overcrowded storage areas, flammable materials, and malfunctioning electrical equipment can increase the risk of fires.
Poor ventilation: Inadequate ventilation and air circulation can result in poor air quality, leading to health issues.
Chemical hazards: Improper storage and handling of cleaning agents, solvents, and other chemicals can cause respiratory problems or chemical burns.
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The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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The units of Manganese Plus available for sale during the year were as follows:
Mar. 1 Inventory 20 units $29
June 16 Purchase 28 units $31
Nov. 28 Purchase 44 units $35
There are 13 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the inventory cost in (a) FIFO, (b) LIFO, and (c) average cost methods.
Answer:The computation of the ending inventory by following methods are
a. Under FiFO
= 14 units at $39
= $546
b. Under LIFO
= 14 units at $29
= $406
c, Under average cost method
But before that the average cost per unit should be determined
= (22 units at $29 + 31 units at $20 + 46 units at $39) ÷ (22 units + 31 units + 46 units)
= ($638 + $620 + $1,794) ÷ (99 units)
= $30.83
Now the ending inventory is
= $30.83 × 14 units
= $431.62
= $432
Explanation: Brainlist Please
ations and worksheets 1. Let us assume Admas University is opening a new branch around Kara Kore. The University decided to rent a building at a cost of 320,000 birr per month and also the cost of the staff is 3250 birr per student for one semester. Further assume that the student will have to pay 9850 birr per semester. (Note that a single semester have six month) a) Find the total cost and total revenue function for department of University b) Find the equilibrium student, total revenue and total cost? c) What will be the profit or loss if the number of students reaches 55? d) Draw the graph of the equilibrium? e) By assuming that you are the University staff, what do you decide if the number of the students is 45?
The overall cost function is 320,000 + 3250n (C). The total revenue function R = 9850n would result in a loss for the school if there were 45 enrolled students because the total income is less than the total expense.
What does the productivity guideline of 70% entail?In order to promote productivity, engagement, and work-life balance, employees are advised to withhold a significant percentage of their working capacity according to the 70 percent rule, a time management principle. Italian economist and sociologist Vilferdo Pareto is credited with creating this idea.
320,000 + 3250n = 9850n
Solving for n, we get:
n = 52
Substituting n = 52 into either the total cost or total revenue function, we get:
Total cost = C = 320,000 + 3250(52) = 499,000
Total revenue = R = 9850(52) = 511,400
C = 320,000 + 3250(55) = 507,750
And the total revenue would be:
R = 9850(55) = 541,750
Profit or loss would be:
Profit = Total revenue - Total cost = 541,750 - 507,750 = 34,000
C = 320,000 + 3250(45) = 457,250
And the total revenue would be:
R = 9850(45) = 443,250
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Barker Company produces and sells a single product with budgeted or standard costs as follows:
Inputs Standards
Direct materials 10 lbs at $10.00 per pound
Direct labor 8 hours at $12.50 per hour
Factory overhead: Variable
Fixed 8 hours at $20.00 per hour
8 hours at $40.00 per hour
Overhead rates are based on 8,000 standard direct labor hours per month, i.e., this is the master budget denominator activity level.
Desired ending inventories of materials are based on 10% of the next months materials needed. Desired ending finished goods are based on 5% of next periods budgeted unit sales.
Unit Sales are budgeted as follows:
January February March April
1,000 1,200 1,600 1,400
The budgeted sales price is $1000 per unit. Sales are budgeted as 80% credit sales and 20% cash sales. Past experience indicates that 60% of credit sales are collected during the month of sale, 38% are collected in the following month, and 2% are uncollectible. A 1% cash discount is allowed to all customers (cash or credit) who pay within the month the sale takes place. Selling and administrative expenses are:
Variable = 20% of sales dollars, Fixed = $250,000 per month. The budget assumption concerning cash payment proportions is that all current purchases of direct material, direct labor, factory overhead and selling and administrative items will be paid for during the current period. The beginning cash balance for February is $10,000. Depreciation and other non-cash fixed costs are: manufacturing = $100,000, selling and administrative = $75,000.
REQUIRED: A Partial Master Budget for February as follows.
1. Sales budget for February, including net sales dollars.
2. Calculate collections for February.
3. Production Budget, i.e., units to be produced for February.
4. Direct Material quantity needed for production for February.
5. Direct Material quantity to be purchased for February.
6. Budgeted cost of direct material purchases for February.
7. Budgeted cost of direct material used for February.
8. Direct labor needed for production for February.
9. Budgeted cost of direct labor used for February.
10. Budgeted factory overhead costs for February.
11. Budgeted cost of goods sold for February.
12. Prepare a simple Budgeted Income Statement for February.
13. Prepare a cash budget for February.
Sales Budget for February:
Expected unit sales in February: (1,200 units × 80%) = 960 units
Sales revenue: 960 units × $1,000 per unit = $960,000
What are the calculations for other questions?Below are the calculations for all kinds of budget in February:
2. Collections Budget for February:
Credit sales in February: 960 units × $1,000 per unit × 80% = $768,000
Collections from February credit sales (60% collected in February): $768,000 × 60% = $460,800
Collections from January credit sales (38% collected in February): ($960,000 - $768,000) × 38% = $68,640
Cash sales in February: 960 units × $1,000 per unit × 20% = $192,000
Total collections in February: $460,800 + $68,640 + $192,000 = $721,440
3. Production Budget for February:
Expected unit sales in February: 960 units
Add: Desired ending finished goods inventory (5% of next period sales) = 5% × 1,600 = 80 units
Total units required: 960 units + 80 units = 1,040 units
Less: Beginning finished goods inventory (assume zero) = 0
Units to be produced: 1,040 units
4. Direct Material Quantity Needed for Production for February:
Direct materials required per unit: 10 lbs
Total direct materials required: 1,040 units × 10 lbs per unit = 10,400 lbs
5. Direct Material Quantity to be Purchased for February:
Direct materials needed for production: 10,400 lbs
Add: Desired ending materials inventory (10% of next period's materials needed) = 10% × (10,400 lbs) = 1,040 lbs
Total materials required: 10,400 lbs + 1,040 lbs = 11,440 lbs
Less: Beginning materials inventory (assume zero) = 0
Direct materials to be purchased: 11,440 lbs
6. Budgeted Cost of Direct Material Purchases for February:
Direct material purchase price: $10.00 per lb
Direct materials to be purchased: 11,440 lbs
Budgeted cost of direct materials purchases: $10.00 per lb × 11,440 lbs = $114,400
7. Budgeted Cost of Direct Material Used for February:
Direct materials used in production: 10,400 lbs
Direct material purchase price: $10.00 per lb
Budgeted cost of direct materials used: $10.00 per lb × 10,400 lbs = $104,000
8. Direct Labor Needed for Production for February:
Direct labor required per unit: 8 hours
Total direct labor required: 1,040 units × 8 hours per unit = 8,320 hours
9. Budgeted Cost of Direct Labor Used for February:
Direct labor hours required: 8,320 hours
Direct labor rate: $12.50 per hour
Budgeted cost of direct labor used: 8,320 hours × $12.50 per hour = $104,000
10. Budgeted Factory Overhead Costs for February:
Variable factory overhead rate: $20.00 per direct labor hour
Fixed factory overhead: $40.00 per direct labor hour × 8,000 standard direct labor hours per month ÷ 12 months = $26,667
Total factory overhead: ($20.00 per hour × 8,320 direct labor hours) + $26,667 = $186,667
11. Budgeted Cost of Goods Sold for February:
Direct materials: $104,000
Direct labor: $104,000
12. Prepare a simple Budgeted Income Statement for February.
Barker Company
Budgeted Income Statement
For the Month Ended February 28
Sales (1,200 units x $1,000) $1,200,000
Cost of goods sold:
Direct materials used $100,000
Direct labor 120,000
Factory overhead 40,000
Total manufacturing costs 260,000
Add: Beginning finished goods inventory 0
Less: Ending finished goods inventory (5% x 1,200 units x $1,000) (60,000)
Cost of goods sold 200,000
Gross profit 1,000,000
Selling and administrative expenses:
Variable (20% x $1,200,000) 240,000
Fixed 250,000
Total selling and administrative expenses 490,000
Net operating income $510,000
13. Prepare a cash budget for February.
Barker Company
Cash Budget
For the Month Ended February 28
Beginning cash balance $10,000
Cash receipts:
Cash sales (20% x 1,200 units x $1,000) $240,000
Collections on credit sales:
January sales (60% x 1,000 units x $1,000) 600,000
February sales (38% x 1,200 units x $1,000) 456,000
Total collections 1,296,000
Total cash available 1,306,000
Cash disbursements:
Direct materials purchases $100,000
Direct labor 120,000
Factory overhead 40,000
Selling and administrative expenses:
Variable (20% x $1,200,000) 240,000
Fixed 250,000
Total cash disbursements 750,000
Excess (deficiency) of cash receipts over disbursements $556,000
Financing:
Short-term loan (if necessary) 0
Ending cash balance $556,000
It should be noted that the cash budget assumes that all cash payments for direct materials, direct labor, factory overhead, and selling and administrative expenses are paid in the same month. The cash budget also assumes that all current purchases of direct materials, direct labor, factory overhead, and selling and administrative items will be paid for during the current period.
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Which of the following best describes what investment is?
A required payment to owners of a company
An amount of money to pay for larger operations
A new company with several shareholders
A renewable technology in a developing country
What does POS stand for in retail?
Answer:
point of sale
Explanation:
Answer: point-of-sale
Explanation: POS stands for point-of-sale in retail.
c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
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If the equilibrium price for tickets to a a Lady Antebellum concert is $100 each and they sell them for $85,
Answer: you save $15
Explanation: 100-85 is 15 and the tickets are selling for $85 instead of original price
Explanation:
The cost of an items is 200. what will be the cost of 50 such. write a simple program
Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
Price Quantity Demanded by Business Travelers Quantity Demanded by Vacationers (Dollars)
150 2,100 (Tickets) 1,000 (Tickets)
200 2,000 800
250 1,900 600
300 1,800 400
Required:
a. As the price of tickets rises from $200 to $250, what is the price elasticity of demand for (i) business travelers and (ii)vacationers? (Use the midpoint method in your calculations.)
b. Why might vacationers have a different elasticity from business travelers?
Answer and Explanation:
a. The computation of the price elasticity of demand is
i. For business travelers
= {(1900 - 2000) ÷ [(1900 + 2000) ÷2]} ÷ {(250 - 200) ÷ [(200 + 250) ÷ 2]}
= 0.23
ii. For Vacationers
= {(800 - 600) ÷ [(800 + 600) ÷ 2]} ÷ {(250 - 200) ÷ [(200 + 250) ÷ 2]}
= 1.29
b. Since the price would increase from $200 to $250 so the price elastiicy of business travelers & vactationers is 0.23 and 1.29 respectively. So the demand for for airline tickets would be more elastic for vacationers as the business travelers would be less senstitive for price change
Select the best answer from the multiple choices below
In Texas, the speed limit in a/an Is 3mph.
Oalley
Obeach
Ourban district
ONone of the above
How do you define a small business? Not the textbook definition but how you define it in your own words. List several small businesses in your local area and evaluate what makes them a small business and how you know. What impact do these small businesses have on your local economy? Explain.
Small business can be described as the business that is been privately owned corporation and can as well be a partnership, or sole proprietorship , and this business usually consist of small number of employees which do consist of less annual revenue compare to corporation or regular-sized business.
List several small businesses in your local area are:
Personal Trainers Site building and web design.Local Auto Repairs.The impact these small businesses have on your local economy is that it help the economy because Small businesses serves as the important economic engine since it serves as the back up .
What is a business?Small businesses can be described as the one that help the local economies because it bring about the growth as well as the innovation into the community that the business is been established.
In conclusion, Business can be described as the organization as well as enterprising entity which focus on making profit by engaging in the production or selling of products as well as services.
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5. The time required and costs involved in an external audit are much higher as compared to internal audits.
Answer:
True
:>>>
is this a question??
A company incurs $4,050,000 of overhead each year in three departments: Ordering and Receiving, Mixing, and Testing. The company prepares 2,000 purchase orders, works 50,000 mixing hours, and performs 1,500 tests per year in producing 200,000 drums of Goo and 600,000 drums of Slime. The following data are available: Department Expected use of Driver Cost Ordering and Receiving 2,000 $1,200,000 Mixing 50,000 1,500,000 Testing 1,500 1,350,000 Production information for Goo is as follows: Department Expected use of Driver Ordering and Receiving 400 Mixing 20,000 Testing 500 Compute the amount of overhead assigned to Goo. $2,760,000.
Answer:
$1,290,000
Explanation:
Goo:
Ordering and Receiving = 400 / 2,000 = 20%
Mixing = 20,000 / 50,000 = 40%
Testing = 500 / 1,500 = 33.33%
allocated overhead costs:
Ordering and Receiving = 20% x $1,200,000 = $240,000
Mixing = 40% x $1,500,000 = $600,000
Testing = 33.33% x $1,350,000 = $450,000
total allocated overhead costs = $1,290,000
critcism of modern management theory
Critics argue modern management theory is rigid, short-sighted, lacks inclusivity, and limits employee empowerment and engagement.
Modern management theory has received its fair share of criticism. One critique is its overemphasis on rigid hierarchical structures, which can stifle creativity and hinder employee autonomy. Another criticism is the focus on short-term financial gains, often at the expense of long-term sustainability and employee well-being. Critics argue that this approach neglects the importance of social and environmental factors in organizational success. Additionally, modern management theory is often criticized for its lack of inclusivity and failure to address issues of diversity and equity. Furthermore, some argue that the reliance on top-down decision-making and command-and-control structures limits employee engagement and empowerment. These criticisms highlight the need for a more flexible, holistic, and human-centered approach to management that takes into account the complex dynamics of organizations and their impact on individuals and society.For more such questions on Modern management theory:
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A contestant asks for 200,000 for 25% of their business, what value have they placed on their entire company?
Answer:
$800,000
Explanation:
25% of the business is equal to 200,000, according to the contestants.
The entire company value is equivalent to 100%
25% = 200,000
100% = ?
100% = 200,000/25 x 100
=$8,000 x 100
=$800,000
1. Describe the three-step writing process.
2. List four techniques you can use to improve the readability of your messages.
1. The three-step writing process can be defined as:
Pre-writingDraftingFinal reviewIn pre-writing, the objective is to prepare for your writing, through research and information gathering. In the drafting phase you will build your text in a structured way and in the review phase you will carry out an analytical reading and make corrections if necessary.
2. Four techniques you can use to improve the readability of your messages are:
Add headings and subheadingsUse short words and objective sentencesKeep paragraphs shortUse bullets and listsHow to write a text effectively?It is essential to pay attention to the textual structure and its main objective, aligning ideas in a simple and objective way, so that the reader can understand the purpose of the text. It is also essential to use reliable sources in the construction of the text, generating greater reliability.
Therefore, good writing is built through research, analysis and dedication, with ideals structured around a topic.
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John, William, and Peter are partners in a business that sells soft drinks. In terms of their partnership agreement, only John may contract with outsiders on behalf of the partnership. Should he wish to enter into an agreement where the value exceeds R10 000, he must obtain the prior consent of William and Peter. John buys a speedboat in the name of the partnership for R80 000 without the knowledge of his partners. William concludes a contract on behalf of the partnership for the purchase of a fridge to store the soft drinks, without the knowledge of his partners. The purchase price of the fridge is R20 000. Explain whether the contracts concluded by John and William respectively would be binding
The contracts concluded by John and William respectively would not be binding on them because there was no prior knowledge from the other partners as it exceeded the amount and William is not entitle to sign any contract.
What does binding mean in a contract?A “binding contract” is said to be a kind of agreement that is known to be legally enforceable.
That implies that if a person sign a binding contract and does not stand or fulfill their end of the contract, the other party is said to be able to take the person to court.
The above contract is binding because the terms of their partnership agreement, is that only John may contract with outsiders on behalf of the partnership.
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If two countries have identical production possibility frontiers, then A. there is a set of prices at which both countries will gain from trade B. they have identical marginal products of labor C. they have different opportunity costs of production. D. there is no scope for trade
Answer:C
Explanation:
If two countries each produce two goods and their opportunity costs differ.
There is also an opportunity for trade between the two countries that will leave both better off.International trade leads countries to specialize in goods and services in which they have a comparitive advantage.
The data given below are from the accounting records of the Kuhn Corporation:
Net Income (accrual basis) $45,000
Depreciation Expense $9,000
Decrease in Accounts Payable $2,500
Decrease in Inventory $3,000
Increase in Bonds Payable $10,000
Sale of Common Stock for cash $30,000
Increase in Accounts Receivable $4,500
Based on this information, the net cash provided by operating activities using the indirect method would be:__________.
a. $55,000
b. $58,000
c. $50,000
d. $60,000
The net cash provided by operating activities using the indirect method would be: c. $50,000.
Net Cash From Operating Activities
Net income $45,000
Depreciation expense $9,000
Decrease in accounts payable ($2,500)
Decrease in inventory $3,000
Increase in accounts receivable ($4,500)
Net cash provided by operating activities $50,000
Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.
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