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2 years ago

Getting a college degree is a good idea because _____.

Business

2 answers:

Rus_ich [418]2 years ago

7 0

The answer to your question is D.

Aliun [14]2 years ago

5 0

B. because having a degree could help you with money

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Portraits. Belinda, a famous portrait painter, agreed to paint Harry's portrait for $5,000. She also agreed to paint the portrai

Otrada [13]

Answer:

Fred will win because the right to receive payment could be validly assigned.

Explanation:

all contract gives room for some certain rights and duties. By an obligation, the individual whose right it is to receive payment will transfer the right to collect that same payment from the same person (obligor) to any other person (third person).

Going by the question above Belinda, the well-known portrait painter is the obligee who transfers the right to receive payments from the obligors to a third party named Fred who is stands as an assistant. It was clearly stated in the question that “Belinda also assigned to Fred the right to receive payment from Harry. Neither the contract Belinda had with Harry nor the contract she had with Michelle expressly prohibited assignment or delegation of contractual rights and duties.”

Going by this above statement then one can confirm it very clear that the payment could be assigned and receiving the payment is within Fred’s right.

6 0

1 year ago

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year,

Zigmanuir [339]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, December 31= 1,960 units at $ 6

For the current year:

Purchase, March 21= 6,200 units at $5

Purchase, August 1= 4,020 units at $3

Inventory, December 31, current year 2,980 units

We need to determine the cost of inventory using the following methods:

LIFO (last-in, first-out)

Inventory= 1,960*6 + 1,020*5= $16,860

FIFO (first-in, first-out)

Inventory= 2,980*3= $8,940

Weighted Average:

Average cost= (6 + 5 + 3)/3= 4.67

Inventory= 2,980*4.67= $13,916.6

4 0

2 years ago

You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You

Nesterboy [21]

Answer:

Cost of equity, re= 0.098356 or 9.84 %

Explanation:

D1 = $ 1.25

P0 = $ 27.50

gL = 5 % = 0.05

F = 6 % = 0.06

Cost of equity, re can be calculated using the formular below:

Cost of equity, re = D1/ {P0 x (1- F)} + gL

= $ 1.25 / {$ 27.50 x (1- 0.06)} + 0.05

= $ 1.25 / ($ 27.50 x 0.94) + 0.05

= $ 1.25 / 25.85 + 0.05

= 0.048356 + 0.05

Cost of equity, re= 0.098356 or 9.84 %

8 0

2 years ago

The market value of equipment owned by a company is a sunk cost and should not be taken into account in deciding whether or not

-BARSIC- [3]

Answer:

a. True

Explanation:

The sunk cost is the cost that is already incurred and not recovered in the future. Plus, it is also known as past cost.

This cost is not useless at the time of decision-taking so it would be ignored.

In the given question, the market value of the equipment is a sunk cost which determines that it will have no impact on the decision making so at the time of replacing the equipment, it would not be considered

6 0

2 years ago

Carl purchased an apartment complex for $2.6 million on March 17 of year 1. of the purchase price, $1,050,000 was attributable t

Olin [163]

Answer:

total depreciation year 1 = $71,358

total depreciation year 2 = $80,358

Explanation:

Land cannot be depreciated, therefore Carl can only depreciate the building's cost = $2,600,000 - $1,050,000 = $1,550,000

Rental property can be depreciated at a fixed rate of 3.636% per year during 27.5 years. Depreciation per year for the building = $56,358

Furniture on rental property can be depreciated on a 5 year basis using a MACRS table and half year convention:

depreciation year 1 = 20% x $75,000 = $15,000

depreciation year 2 = 32% x $75,000 = $24,000

total depreciation year 1 = $56,358 + $15,000 = $71,358

total depreciation year 2 = $56,358 + $24,000 = $80,358

8 0

1 year ago