Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc. , a pet wholesale supplier, was organized on January 1. Projected sales for each of the first three months of operations are as follows: January $210,000 February 290,000 March 400,000 All sales are on account. 52% of sales are expected to be collected in the month of the sale, 43% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for January, February, and March. Pet Supplies Inc. Schedule of Cash Collections from Sales For the Three Months Ending March 31 January February March January sales on account: Collected in January $fill in the blank 1 Collected in February $fill in the blank 2 Collected in March $fill in the blank 3 February sales on account: Collected in February fill in the blank 4 Collected in March fill in the blank 5 March sales on account: Collected in March fill in the blank 6 Total cash collected $fill in the blank 7 $fill in the blank 8 $fill in the blank 9
Answers
Pet Supplies Inc. Schedule of Cash Collections from Sales For the Three Months Ending March 31
January
Sales on account: $210,000
Collected in January (52%): $109,200 (fill in the blank 1)
Collected in February (43%): $90,300 (fill in the blank 2)
Collected in March (5%): $10,500 (fill in the blank 3)
February
Sales on account: $290,000
Collected in February (52%): $150,800 (fill in the blank 4)
Collected in March (43%): $124,700 (fill in the blank 5)
March
Sales on account: $400,000
Collected in March (95%): $380,000 (fill in the blank 6)
Total cash collected:
January: $209,000 (fill in the blank 7)
February: $275,500 (fill in the blank 8)
March: $380,000 (fill in the blank 9)
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Related Questions
A customer owns 500 shares of abc preferred stock trading at $90 per share. Following a 3:1 common stock split, the customer will have?
Answers
A customer owns 500 shares of ABC preferred stock trading at $90 per share. Following a 3:1 common stock split, the customer will have 500 shares at $90 per share.
Preferred stock is a part of percentage capital which can have any aggregate of capabilities no longer possessed by using not unusual stock, inclusive of homes of both an equity and a debt instrument, and is normally taken into consideration a hybrid instrument.
What is the difference between Preferred stock and common stock?
The primary distinction among Preferred stock and common stock is that favored stock gives no voting rights to shareholders at the same time as not unusual inventory does. desired shareholders have precedence over a employer's profits, which means they're paid dividends before commonplace shareholders.
How do Preferred stock paintings?
Preferred stock are issued with a set par cost and pay dividends primarily based on a percentage of that par, commonly at a set price. just like bonds, which additionally make fixed bills, the market value of desired shares is touchy to changes in interest charges. If interest prices rise, the price of the preferred stock falls.
Is preferred stock an excellent investment?
preferred shares are typically much less volatile than not unusual dividend stocks, and deliver higher yields, but lack the possibility for charge appreciation because the issuing enterprise grows. in addition they go with out balloting rights.
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Which of the following is not an example of appropriate business etiquette?
Greet everyone cordially, warmly, professionally, and with eye contact.
Dress appropriately and professionally and practice good hygiene.
Arrive at appointments within fifteen minutes of the scheduled time.
Pay attention to the person to whom you are speaking and learn their name.
Answers
Answer: Arriving at appointments within fifteen minutes of the scheduled time. This is not an example of appropriate business etiquette as it suggests arriving late or not on time. A person should arrive on time or a few minutes early for a business appointment.
which of the following statements regarding options is true? group of answer choices selling a put option gives you the obligation to buy the underlying asset if the option is exercised; buying a strangle lets you profit off low volatility selling a put option gives you the obligation to buy the underlying asset if the option is exercised; selling a butterfly spread lets you profit off high volatility buying a call option gives you the right to sell the underlying asset if the option is exercised; buying a strangle lets you profit off low volatility selling a call option gives you the obligation to buy the underlying asset if the option is exercised; buying a strangle lets you profit off high volatility buying a call option gives you the obligation to buy the underlying asset if the option is exercised; buying a butterfly spread lets you profit off low volatility
Answers
The statement "buying a call option gives you the right to sell the underlying asset if the option is exercised; buying a strangle lets you profit off low volatility" is true.
A call option gives the holder the right, but not the obligation, to buy the underlying asset at a specified price (strike price) within a specific time period. Buying a call option allows the investor to profit if the price of the underlying asset increases.
A strangle is an options strategy involving the purchase of both a call option and a put option with different strike prices. It is typically used when the investor expects high volatility or a significant price movement but is unsure of the direction. By buying a strangle, the investor can profit from large price swings without necessarily predicting the direction of the movement.
The other statements provided in the options are incorrect or mixed up. Selling a put option gives the seller the obligation to buy the underlying asset if the option is exercised, and selling a call option gives the seller the obligation to sell the underlying asset if the option is exercised. The profit potential of a strangle is not related to low volatility but rather to high volatility.
Among the given statements, only the statement "buying a call option gives you the right to sell the underlying asset if the option is exercised; buying a strangle lets you profit off low volatility" is true. Understanding the characteristics and strategies associated with options is important for investors to make informed decisions and manage risk effectively in the financial markets.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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When creating a budget, log fixed expenses
before income.
after income.
after savings.
at the top.
Answers
Answer:
after income
Explanation:
A budget is an estimation of revenue and expenses over a specified period of time. Therefore, log fixed epenses after income. After income is the answer.
after incomeWhen should you log fixed expenses?One"s fixed expenses should be deducted first from your budget. If one has money left over at the end of the month, then one did well in keeping one's variable expenses in check.
Therefore, log fixed expenses after income.
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What are the different methods of withdrawing cash from the bank?
Answers
Most banks feature ATMs where you can use your debit card to withdraw money from your account. The ATMs at your bank are free to use, however those at other banks may require a fee.
What are the other different methods of withdrawing cash?There are several ways you can withdraw cash from a bank:
Over-the-counter withdrawal: You can ask a teller at a bank branch to take money out of your account.
App for mobile banking: Many banks have apps for mobile banking, which let you use your smartphone to withdraw money from your account. For the transaction to be successful, you might need to utilise a particular ATM.
Check: You are able to write yourself a check that you can cash at a bank or a check-cashing facility.
Cash withdrawals are possible using some banks' online banking systems. For the transaction to be successful, you might need to utilise a particular ATM.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
someone help i really need it !!!!
Answers
Answer:
Shoot, sorry, ik this was 3 days ago so my answer probably wont matter but you did give me point by letting me answer... Thanks!
Explanation:
:D
1. Given that a private owner is building an office building that will cost $71.3 million to construct, and the owner is taking out a coupon bond (sometimes also called a construction mortgage). The bank is loaning the owner the cost of construction at an annual interest rate of 9.00%. The construction period is expected to be 18 months. The interest only payments are to be paid every 6 months by the owner. The loan is backed by the asset of the building itself (the lender takes ownership of the building if the owner does not make the payments on time). At the end of the 18 months, the owner either has to pay back the $71.3 million in addition to the last interest payment, or convert the $71.3 million into a regular mortgage.
a. What is the owner's every 6 months interest payment?
b. What is the total amount of interest paid by the owner during the construction period?
c. If the construction is delayed by 6 additional months, and the owner receives permission to extend the end date of the coupon bond (construction mortgage) how much extra interest does the owner have to pay?
Answers
a. To calculate the owner's every 6 months interest payment, we need to determine the interest rate per period and multiply it by the principal amount.
The annual interest rate is 9.00%, which needs to be divided by the number of compounding periods in a year. Since the interest payments are made every 6 months, there are 2 compounding periods per year.
Interest rate per period = Annual interest rate / Number of compounding periods per year
= 9.00% / 2
= 4.50%
The principal amount is $71.3 million.
Every 6 months interest payment = Interest rate per period * Principal amount
= 4.50% * $71.3 million
= $3,208,500
Therefore, the owner's every 6 months interest payment is $3,208,500.
b. The total amount of interest paid by the owner during the construction period can be calculated by multiplying the every 6 months interest payment by the number of interest payments made during the construction period.
Since the construction period is expected to be 18 months and the interest payments are made every 6 months, the number of interest payments made during the construction period is 18 months / 6 months = 3 payments.
Total amount of interest paid during the construction period = Every 6 months interest payment * Number of interest payments
= $3,208,500 * 3
= $9,625,500
Therefore, the total amount of interest paid by the owner during the construction period is $9,625,500.
c. If the construction is delayed by 6 additional months, the owner would have to make extra interest payments for the extended period. The amount of extra interest would be calculated based on the every 6 months interest payment and the additional number of interest payments.
Since the construction is delayed by 6 additional months, the number of interest payments for the extended period would be 6 months / 6 months = 1 payment.
Extra interest payment = Every 6 months interest payment * Number of additional interest payments
= $3,208,500 * 1
= $3,208,500
Therefore, if the construction is delayed by 6 additional months, the owner would have to pay an extra interest of $3,208,500.
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fidelity systems reports net income of $81 million. included in that number is depreciation expense of $10 million, and a gain on the sale of equipment of $2 million. records reveal increases in accounts receivable, inventory, and accounts payable of $4 million, $2 million, and $2 million, respectively. calculate fidelity's net cash flows from operating activities using the indirect method. (negative value should be indicated by minus sign. enter your answer in millions.)
Answers
$85 million
The indirect method of calculating net cash flows from operating activities is as follows:
Cash flow from operating activities
Net income - $81million
Add: Depreciation Expenses - $10million
Less: Gain on sale of equipment - $2million
Less: Increase in account receivable - $4million
Less: Increase in inventory - $2million
Add : Increase in account payable - $2million
Net cash flows from operating activities - $85million.
What you mean net cash flow?
Net cash flow refers to either the gain or loss of funds (after all debt has been paid off) over a period of time. A company is said to have positive cash flow if it has excess cash after paying all operating expenses.
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E3-3B Das Manufacturing Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process—Cutting $2,900, Work in Process—Assembly $10,600, and Finished Goods $31,000. During July, the following transactions occurred.
1. Purchased $64,300 of raw materials on account.
2. Incurred $48,500 of factory labor. (Credit Wages Payable.)
3. Incurred $73,000 of manufacturing overhead; $40,000 was paid and the remainder is unpaid.
4. Requisitioned materials for Cutting $16,400 and Assembly $9,900.
5. Used factory labor for Cutting $27,000 and Assembly $21,500.
6. Applied overhead at the rate of $22 per machine hour. Machine hours were Cutting 1,680 and Assembly 1,720.
7. Transferred goods costing $68,300 from the Cutting Department to the Assembly Department.
8. Transferred goods costing $136,000 from Assembly to Finished Goods.
9. Sold goods costing $154,000 for $205,000 on account. Instructions Journalize the transactions.
(Omit explanations.)
Answers
Here are the journal entries for the transactions of Das Manufacturing Company:
Purchased raw materials on account:
Raw Materials Inventory $64,300
Accounts Payable $64,300
Incurred factory labor:
Factory Labor Expense $48,500
Wages Payable $48,500
Incurred manufacturing overhead (partially paid):
Manufacturing Overhead $73,000
Accounts Payable $40,000
Cash $33,000
Requisitioned materials for Cutting and Assembly:
Work in Process—Cutting $16,400
Work in Process—Assembly $9,900
Raw Materials Inventory $26,300
Used factory labor for Cutting and Assembly:
Work in Process—Cutting $27,000
Work in Process—Assembly $21,500
Wages Payable $48,500
Applied overhead based on machine hours:
Work in Process—Cutting $36,960 (1,680 hours x $22)
Work in Process—Assembly $37,840 (1,720 hours x $22)
Manufacturing Overhead $74,800
Transferred goods from Cutting to Assembly:
Work in Process—Cutting $68,300
Work in Process—Assembly $68,300
Transferred goods from Assembly to Finished Goods:
Work in Process—Assembly $136,000
Finished Goods Inventory $136,000
Sold goods on account:
Accounts Receivable $205,000
Sales Revenue $205,000
Cost of Goods Sold $154,000
Finished Goods Inventory $154,000
These journal entries record the transactions for Das Manufacturing Company during the specified period. Please note that the accounts used in the entries are based on typical manufacturing accounting practices.
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What is federal student aid?
Answers
Explanation:
The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid. The FAFSA is different than CSS Profile, which is also required by some colleges.
Answer:
The Free Application for Federal Student Aid is a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid. The FAFSA is different than CSS Profile, which is also required by some colleges.
Explanation:
grant, work-study, and loan funds to students attending college or career school.
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what are some of the things to consider when purchasing disability insurance? chose all appropriate answers.
Answers
When purchasing disability insurance, the following are some of the factors to consider:
Age at the time of purchasing: The younger you are when you purchase a disability policy, the lower the premium. The premium is determined by the risk of disability, which rises with age.Occupation: An employee in a high-risk job such as construction or mining will have a higher premium than an employee in a low-risk occupation. This is due to the higher risk of injury on the job.Health history: Insurance companies will look at your medical history to determine your risk for a disability. Certain medical issues or conditions may make you ineligible for coverage.Length of coverage: Short-term disability policies last up to two years, while long-term policies can last up to 10 years or more. Short-term disability policies are less expensive than long-term policies, but long-term policies provide greater coverage.Income: The amount of disability coverage you can obtain is determined by your income. It is usually recommended that you obtain a policy that covers 60% of your income. This can be more or less depending on the individual's situation.The waiting period: This is the amount of time you must wait before the insurance company begins paying your benefits. Waiting periods can range from 30 to 90 days. The shorter the waiting period, the higher the premium.Complete question
"What are some of the things to consider when purchasing disability insurance?
Chose all appropriate answers.
- How does the policy define disabilities?
-What dollar amount or percentage is promised? How are amounts affected by Social Security and other factors?
- For how long do the benefits last?
- When do benefits begin being paid?"
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COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answers
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answers
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Culculate the labor participation rate based on the following data. Workine population 9 milion Unemploved (but looking for worky population: i milion Total populatione 25 million Poculation 65+: 20 milion c.45 45
Answers
The labor participation rate based on the given data is 36%.
To calculate the labor participation rate, we need to divide the working population by the total population. In this case, the working population is 9 million and the total population is 25 million. Therefore, the labor participation rate can be calculated as follows:
Labor Participation Rate = (Working Population / Total Population) * 100
= (9 million / 25 million) * 100
= 36%
The labor participation rate based on the given data is 36%. This means that 36% of the total population is part of the working population. It is important to note that the labor participation rate only takes into account the working-age population (those who are able and willing to work), and does not consider factors such as unemployment or underemployment.
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fred and wilma enter into a contract for horse riding lessons. fred accidentally types the price for lessons to be $4.00 each instead of $44.00 each. wilma wishes to enforce the contract at $4.00 per lesson. which remedy would be most effective?
Answers
Reformation would be most effective in the case of Fred and Wilma.
What is the contract?A promise that is enforceable by law is a contract. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically making a proposal and the others accepting it.
The contract will be reformed as this was an error that was made with regard to the amount of $44 instead of $4. Fred was at a mistake but the change is going to happen with the same cause.
When an error has been made in a compact, the tribunal has the equitable authority to reconstruct it to match the parties' real intentions.
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please sir i need the answer within 16 minutes emergency asap
Which of the following is FALSE about software requirements? A. The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco
Answers
The false statement about software requirements is: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco.
Software requirements are the functional and non-functional requirements that software developers gather from stakeholders. These requirements guide the design and development of software applications. Here are some false statements about software requirements:
False Statement: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco. Truth: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements elicitation.False Statement: Requirements cannot be changed once they have been documented. Truth: Requirements can be changed during the development of software applications, but these changes should be documented and communicated to stakeholders.False Statement: Software requirements only include functional requirements. Truth: Software requirements include both functional and non-functional requirements.False Statement: Software requirements are only for developers. Truth: Software requirements are for all stakeholders involved in the development of software applications, including developers, project managers, and business analysts.Therefore, the false statement about software requirements is: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco.
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Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an annual report
Answers
Answer: Corporate charter
Explanation:
The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.
When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.
Answer:
The answer is (c) coporate charter
Explanation:
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answers
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
Based on responses in the Survey of Young Workers, what would you advise a young adult who is trying to choose between working two half-time jobs and working one full-time job? Use details from both the text and the chart to explain your advice.
Answers
Answer:
According to the responses in the Survey of Young Workers, young adults who work full-time jobs are more satisfied with their work-life balance than those who work multiple part-time jobs. Additionally, those who work full-time jobs have more access to benefits such as health insurance and retirement plans, which can be essential for long-term financial stability.
Therefore, my advice to a young adult who is trying to choose between working two half-time jobs and working one full-time job would be to consider the benefits of having a stable full-time job. While having multiple part-time jobs may seem like a way to earn more money, it can lead to a lack of job security and unpredictable work schedules, which can make it difficult to maintain a healthy work-life balance. A stable full-time job can provide financial stability, access to benefits, and a set schedule that allows for better planning and flexibility in other areas of life.
Furthermore, the chart in the Survey of Young Workers showed that those who work more than one job report higher levels of stress than those who work only one job. This can have negative effects on both physical and mental health, making it even more important to consider the benefits of a stable full-time job.
In conclusion, although the idea of working multiple part-time jobs may seem appealing, it is important to consider the long-term benefits of a stable full-time job, such as financial stability, access to benefits, and a better work-life balance.
Explanation:
These expenditures were incurred by Oriole Ltd. in purchasing land: cash price $477,700; legal fees $8,970; removal of old building $23,410; cost of clearing and grading $6,640; installation of fence $2,890. What is the cost of the land?
Answers
the cost of the land is $519,610.To calculate the cost of the land, we need to sum up all the expenditures related to the land purchase.
In this case, the expenditures include the cash price, legal fees, removal of the old building, cost of clearing and grading, and installation of the fence.
Cost of the land = Cash price + Legal fees + Removal of old building + Cost of clearing and grading + Installation of fence
Cost of the land = $477,700 + $8,970 + $23,410 + $6,640 + $2,890
Cost of the land = $519,610
Therefore, the cost of the land is $519,610.
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answers
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
i took the test
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
Answers
What is the meaning of tender of delivery?
Answers
(1) In order for the buyer to be able to take delivery, the seller must place and retain conforming products at his disposal and provide him with any reasonable notice.
: a seller's promise to sell items to a buyer that includes holding the products at the buyer's disposal and providing him or her with any reasonable notice required for accepting delivery. To get from the large boat to the shore, you board your dinghy. The term "tender" refers to a small boat that travels back and forth to a larger boat (or ship) to respond to its requirements.A project's invitation to bid is referred to as a tender. The term "tendering" often refers to the procedure wherein financial institutions and governmental entities request bids for significant projects that must be presented within a specific time frame.
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You are required to cover the following points according to the chosen product.
In bank
Design a distribution channel for the product and determine the role of each member in the channel.
Apply the service out-puts and analyze them according to your channel.
Bulk breaking
Spatial convenience
Waiting or delivery time
Product variety
Customer service
InformationApply the Eight marketing flows on your distribution channel.
Physical Possession
Ownership
Promotion
Negotiation
Financing
Risking
Ordering
Payment
Determine the intensity of distribution whether it will be; (intensive, selective or exclusive distribution).
What is the nature of the Power relation between channel members? What are the factors that shaped such relation?
Determine the nature of the relationship between channel members, transactional or partnering relationship, etc? What are the reasons behind selecting that type of relation between channel members?
Identify the sources of conflict between channel members? How do you plan to overcome such conflicts?
Answers
Product selected: Credit Cards Designing a distribution channel and determining the role of each member in the channel: A distribution channel refers to the series of intermediaries or middlemen that contribute to the movement of goods and services from the producer to the consumer.
In this case, credit cards are the product, and the following are the distribution channels to use. There are three primary channel designs to choose from; direct, indirect, or hybrid channel.Direct Distribution Channel: This channel involves selling credit cards directly to the consumers. In this case, the banks can create a website or an app that customers can use to apply for credit cards. For instance, customers can download the app and sign up for credit cards. Customers can also walk into bank branches and apply for credit cards through bank representatives. The bank will be responsible for providing after-sale services to the consumers. Indirect Distribution Channel: This channel involves the bank selling credit cards through intermediaries such as brokers, agents, or dealers. This refers to the information the bank provides to the customers about the product. In this case, the bank should provide information on the different types of credit cards, their benefits, and the requirements for eligibility.
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theodor sells his farm to matt. before the sale goes through, matt discovers that theodor has actually given edith an option to purchase the property, which has not yet expired. can matt terminate the deal?
Answers
Yes matt can terminate the deal. An current contract between a landlord and a property manager is terminated by a termination of the property management agreement, which is a legal document but in the given case an objectionable point is not disclose by the seller therefore the contract can dismiss.
An agreement between parties for the purchase and sale, exchange, or other conveyance of real estate is known as a real estate contract. The laws and customs of the area where the land is located apply to the sale of land. In order to be enforceable, land purchase agreements must be in writing in every jurisdiction. Contracts for the sale of land must be in written per the numerous Statutes of Frauds.
The Alienation of Land Act in South Africa stipulates that any agreement for the sale of real estate must be in writing.
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What expertise and characteristics should directors have or possess in companies like Spar and Shoprite? Explain THREE each
Answers
Expertise and characteristics that directors in companies like Spar and Shoprite should possess include knowledge of retail industry trends, financial acumen, and strong leadership skills.
What expertise and characteristics should directors have or possess?Directors in companies like Spar and Shoprite play a crucial role in guiding the strategic direction of the organization, ensuring that it remains competitive and profitable in a constantly evolving retail landscape.
To do this effectively, they must possess a deep understanding of the industry, including emerging trends in consumer behavior, technology, and logistics. They must also have strong financial acumen, as they are responsible for overseeing the company's financial performance and making decisions that will drive growth and profitability.
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John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?
Answers
Answer:
$140,000
Explanation:
$150,000-$10,000= $140,000
The Green Grass Shop sells Quick Grow Fertilizer. The annual demand for the fertilizer is 270,000 pounds. The cost to order the fertilizer from Green Grass Shop is $105 per order. The annual carrying cost is $0.25 per pound. The store operates with shortages, and the annual shortage cost is $0.70 per pound. Compute the optimal order size, minimum total annual inventory cost, and maximum shortage level.
OPTIMAL ORDER SIZE=
MINIMUM TOTAL ANNUAL INVENTORY COST=
MAXIMUM SHORTAGE LEVEL=
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The optimal order size, minimum total annual inventory cost, and maximum shortage levelThe economic order quantity (EOQ) is used to determine the optimal order quantity, which minimizes the total annual inventory cost.
The EOQ formula is:Economic order quantity (EOQ) = sqrt([2SD]/H)where:S = Annual demandD = Cost to orderH = Annual carrying cost per unitThe annual demand for the Quick Grow Fertilizer is 270,000 pounds, and the cost to order it from Green Grass Shop is $105 per order. The annual carrying cost is $0.25 per pound. Using the above formula, the EOQ is:EOQ = sqrt([2 x 270,000 x 105]/0.25) = 3,675.72 poundsThe optimal order size is 3,675.72 pounds.The minimum total annual inventory cost can be calculated using the EOQ and the following formula:Minimum Total Annual Inventory Cost = [Q/2]H + [D/Q]Swhere:Q = Optimal order sizeH = Annual carrying cost per unitD = Cost to orderS = Annual demandMinimum Total Annual Inventory Cost = [(3,675.72/2) x 0.25] + [105/3,675.72 x 270,000] = $2,790.63The maximum shortage level can be determined using the following formula:Maximum Shortage Level = (D/Q) x (1 - [S/A])where:A = Annual demandMaximum Shortage Level = (105/3,675.72) x (1 - [270,000/270,000]) = 0 pounds (since there is no shortage allowed)Thus, the optimal order size is 3,675.72 pounds, the minimum total annual inventory cost is $2,790.63, and the maximum shortage level is 0 pounds.
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