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2 years ago

Greg's agrees to buy hal's sports store on condition that he is approved by first state bank for the financing. this approval is

1 answer:

6 0

The approval in which Greg's agrees to buy Hal's sports store on condition that he is approved by first state bank for the financing is condition precedent. The condition precedent is a condition that is required in order something else to occur<span> and must come to pass before a specific contract is considered.</span>

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TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of th

kozerog [31]

Answer:

It is more convenient to produce in house. But, the best option would be to produce 2,875 units and buy the rest of 3,375 demand.

Explanation:

Giving the following information:

Cost per drum:

Direct materials $45.40

Direct labor ($18 per hour) 4.50

Manufacturing overhead 4.05

Selling and administrative expense 16.30 70.25

Margin per drum $ 104.75

Management believes 3,375 WVD drums could be sold each year if the company had sufficient manufacturing capacity.

Harcor Industries, Inc., a supplier of quality products, would be able to provide up to 1,800 WVD-type drums per year for $130 per drum.

We will assume that the selling cost will remain whether it is purchased or make in house.

Make in house:

Unitary cost= 45.40 + 4.5 + 4.05 + 70.25= $124.2

Buy= $130

Gross profit (make in house)= 175 - 124.2 - 16.3= 34.5

Gross profit (buy)= 175 - 130 - 16.3= 28.7

It is more convenient to produce in house. But, the best option would be to produce 2,875 units and buy the rest of 3,375 demand.

5 0

2 years ago

Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, s

andrew11 [14]

Answer:

✔ Audio and Video Equipment Technician

✔ Broadcast Technician

✔ Film and Video Editor

✔ Sound Engineering Technician

Explanation:

5 0

2 years ago

Read 2 more answers

A new tax business, Taxes Done Right, will purchase a copying machine. After speaking with their financial advisor, they find th

Juli2301 [7.4K]

Answer: $2,845.57965

The principal to be deposited semiannually would be $2,845.58 (rounded to 2 decimal places)

Explanation:

Using compound formula below

A = p (1 + r/n)^nt

A =amount= $3,300

r = rate = 5% = 5/100 = 0.05

n = number of compounding rate (semiannually) =2 interest payments a year

t = time in years= 3

3,300 = p (1 + 0.05/2)^2(3)

3,300 = p (1 + 0.025)^6

3,300 = p (1.025)^6

3,300 = 1.15969342p

Divide both sided by 1.15969342

p = $(3,300/1.15969342)

p = $2,845.57965

p ≈$2,845.58 rounded to 2 decimal places.

4 0

2 years ago

Natalie wants to make a 25% profit on her $70,000 land investment (there is no mortgage). She figures agents charge a 6% commiss

Ksju [112]

Natalie wants to make a 25% profit on a $70000 sale. That would be:

(125 ÷ 100) × 70000 = $87500.

Natalie wants to make $87500. But the agent would charge a 6% for the sale, Natalie will add a 6% to the $87500, that would be:

(106 ÷ 100) * 87500 = $92750.

On this $92750, there's a closing cost of $1200,

Add $92750 + $1200 = $93950.

$93950 to the nearest hundred will be $94000.

Natalie should make the final sale price $94000 in order to make a profit of %25.

7 0

2 years ago

Read 2 more answers

Andrew has been asked to estimate future cash flows for his company. He is having a hard time remembering how to estimate future

Sonja [21]

Answer: Andrew should look to find the information in SFAC No. 7. The level of the conceptual framework that his new knowledge will apply to is level 3.

Explanation:

From the question, we are informed that Andrew has been asked to estimate future cash flows for his company and that he is having a hard time remembering how to estimate future cash flows from his accounting classes.

Andrew should look to find the information in SFAC No. 7. The level of the conceptual framework that his new knowledge will apply to is level 3.

7 0

2 years ago