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quester [9]
2 years ago
8

Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10

,000 to a complete stranger. he signed the contract and just needs to pay the stranger and pick up the car. your dad is upset and calls the stranger to tell him your brother will not be buying the car. the stranger can:
Business
1 answer:
PSYCHO15rus [73]2 years ago
8 0

In this case the stranger should disregard the contract.

The key piece of information in this question is that the purchaser is only fifteen years old. In order to enter into a contract both parties must be 18 years old. Since the signer in this case is not 18 the contract is not valid.

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1. Why does the sushi robot make​ sense? A. It never rusts out. B. It is faster than a human. C. It replaces humans altogether.
ella [17]

Answer:

C. It replaces human altogether

Explanation:

The current global outlook and focus on robotic sciences indicates that robots have entered into our daily lives. With the emergence of artificial intelligence and IoT internet of things it is evident that fourth industrial revolution would result in replacing humans altogether in almost every profession and aspect of life.

4 0
2 years ago
Larry Nelson holds 1,000 shares of General Electric common stock. The annual shareholders meeting is being held soon, but as a m
Lisa [10]

Answer:

Larry must have signed a <u>PROXY AGREEMENT</u> that gives the management group control over his shares.

A proxy agreement is generally used for stockholders voting procedures, they basically grant another person the right to vote on behalf of another stockholder.

Larry's current investment in the company is <u>$86,000</u>.

= 2,000 stocks x $43 = $86,000

If the company issues new shares and Larry makes no additional purchase, Larry's investment will be worth <u>$82,560</u>.

company's new market value = (20,000 x $43) + (5,000 x $34.40) = $1,032,000

new stock price = $1,032,000 / 25,000 stocks = $41.28

= $41.28 x 2,000 = $82,560

This scenario is an example of <u>STOCK DILUTION</u>.

The stock price will lower because the increase in the company's value is less than proportional to the increase in the number of stocks.

Larry could be protected if the firm's corporate charter includes a <u>PREEMPTIVE</u> provision.

Preemptive rights give current stockholders the right to purchase more stocks (in case the company issues more stocks) before any outside investors.

If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become <u>$103,200</u>.

= [(5,000 / 10) x $34.40] + $86,000 = $17,200 + $86,000 = $103,200

5 0
2 years ago
A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
Liula [17]

Answer:

a. 41.6 million

b. 42.28 million

Explanation:

A) GIven

forecast in june = Sjune = 42 million

Checks recived in june = Xjune = 40 million

Smoothing constant = a = 0.2

So for july

Sjuly = a*Xjune + (1-a)*Sjune

=0.2*40 + (1-0.2)*42 million

=8+33.6 = 41.6 million

B) forecast in july = Sjuly = 41.6 million

Checks recived in july = Xjuly = 45 million

Smoothing constant = a = 0.2

So for August

Saugust = a*Xjuly + (1-a)*Sjuly

=0.2*45 + (1-0.2)*41.6 million

=9+33.28 = 42.28 million

<em>Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .</em>

5 0
2 years ago
The actual manufacturing overhead incurred at Gutekunst Corporation during March was $53,000, while the manufacturing overhead a
nevsk [136]

Answer:

B. Manufacturing overhead was overapplied by $20,000; Cost of goods sold after closing the manufacturing overhead account is $431,000.

Explanation:

Manufacturing overhead refers to the factors or conditions that keeps a facotry running. These include electricity, deprecaition on factory, etc.

In the case of the queetion above, the manufacturing overhead has been over applied by $20,000 (i.e: $73,000 - $53,000). This over application of the manufacturing overhead has also affected the cost of goods sold after closing out the manufacturing overhead account

Since the overapplied amount is $20,000, we deduct the overapplied amount from the cost of sales ($471,000) to get the actual costs of goods sold after closing out the manufacturing overhead account.

We then have ($451,000 - $20,000) = $431,000.

Therefore, the cost of goods sold after closing the manufacturing overhead account is $431,000.

Cheers.

4 0
2 years ago
Holly's ham, inc. sells hams during the major holiday seasons. during the current year 11,000 hams were sold resulting in $220,0
lutik1710 [3]
To find: Breakeven point (in units)  
Given: Number of hams sold = 11000
 Sales revenue = $220,000 
 Variable cost = $55,000
 Fixed cost = $24,000 
 Solution: Break-even point (in units) can be calculated as:-
  Fixed costs / (sales price per unit-variable costs per unit) 
 Fixed costs = $24,000
 Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
 Variable costs per unit = total variable cost/number of units = 55000/11000 = $5 
 Putting values in the formula, 
 =24000 / (20-5)
 =24000/15
 =1600 
 Breakeven point (in units) = 1600 units
7 0
2 years ago
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