Answer:
4: not enforce it.
Explanation:
It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.
Answer:
Option (a) is correct.
Explanation:
Contribution per unit:
= Selling price per unit - Variable cost
= Selling price per unit - (Material + labor cost)
= $25 - ($10 + $5)
= $25 - $15
= $10
Fixed cost = Administrative cost + Sales and marketing expense
= $60,000 + $20,000
= $80,000
Break-even quantity:
= Fixed cost ÷ Contribution per unit
= $80,000 ÷ $10
= 8,000 shirts
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
- Dr Notes receivable 48,000
- Cr Accounts receivable 48,000
Sept. 21 The note is dishonored by Radon Express Co.
- Dr Accounts receivable 48,960
- Cr Notes receivable 48,000
- Cr Interest revenue 960
When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
- Dr Cash 49,368
- Cr Accounts receivable 48,960
- Cr Interest revenue 408
Answer:
The transaction price would Leo estimated for this contract is $30,000
Explanation:
The computation of the transaction price is shown below:
= (Fixed fee + additional amount) × chance + fixed fee × chance
= $35,000 × 50% + $25,000 × 50%
= $17,500 + $12,500
= $30,000
hence, the transaction price would Leo estimated for this contract is $30,000
We simply applied the above formula so that the correct answer could come
Answer:
Twitter's amended S-1 filing
Maximum estimated capital expenditures in 2013:
= $98 million
Explanation:
Twitter's capital expenditures in 2013 can be estimated by subtracting the long-term or non-current assets of 2012 from 2013.
The 2013 long-term assets (Property and equipment, net) are worth $284,024,000
The 2012 long-term assets (Property and equipment, net) are worth $185,574,000
The capital expenditure in 2013 = $98,450,000
The implication is that Twitter added to (or increased) its property and equipment by $98,450,000, which represent new capital expenditures in 2013.
Twitter filed SEC Form 1-A (S-1) with the Securities and Exchange Commission (SEC) when it was seeking exemption for registration requirements for its public offerings as an "emerging growth company," as it is "allowed by the federal securities laws to elect to comply with certain reduced public company reporting requirements for future filings."
