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Svetach [21]
2 years ago
13

Sarah smith works as a laser technician for a local dermatology center consisting of physicians operating under a partnership ag

reement. sarah purchased supplies through the mail from a medical supply facility totaling $5,000. she signed the contract agreeing to pay for the supplies in her name, sarah smith. a few weeks later the dermatologists became embroiled in a bitter dispute regarding profits and terminated the partnership. unfortunately, the partners were not aware of the debt owed to the medical supply facility; and the bill remained unpaid. sarah received a bill from the supply company for $5,000. is she liable to the medical supply company, and why or why not?
Business
1 answer:
ser-zykov [4K]2 years ago
6 0

Answer:

Yes, Sarah is liable for the $5,000 bill since she ordered the supplies and signed the contract using her own name.

She is responsible for the money owed to the medical supply facility, but if this purchase practice was common and happened before, she can also demand that the former partners pay her back.

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A company has a process that results in 24,000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
Gnom [1K]

Answer:

It should sell Product A as it is.

the impact of procees further is a loss for 16,000

Explanation:

We will check if the further process is a viable option for hte company's cost structure

additional revenue

(14 - 8) x 24,000 = 144,000

additonal cost      (160,000)

differential              (16,000)

We can sale the poudns at 8 or process further to receive 14

the differential revenue is 14 - 8 = 6 per pound

then we multiply this by the amount of pounds we produce.

This give us an additional revenue for 144,000

Our additional cost ofr this process are 160,000

The cost are greater than the proceeds, it is not viable. It should sell Product A as it is.

Further process generates a loss for 16,000

8 0
2 years ago
Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise
algol13

Answer:

Corporate policy

Explanation:

Corporate policy is a set of procedures recommendations that is based on the analysis of internal and external factors that will benefit the organization to cope up with problems and avoid an adverse outcomes.

The reason is that the company wants to increase the productivity of its labor which will help them to control cost by encouraging its employee to exercise daily. This act was not oriented towards to benefit employee, it was purely for the increase in productivity. So this serious position on fitness is its part od corporate policy.

7 0
1 year ago
A private not-for-profit entity is working to create a cure for a disease. The charity starts the year with one asset, cash of $
BARSIC [14]

Answer and Explanation:

Net assets:

Donor without restrictions $488400

Donor with restrictions. $320100

Liabilities:

Notes payable. $250000

Salaries payable. $5000

Deferred revenue $27500

Donated amount in separate entity $10000.

$1101000

Assets:

Cash $738000

Equipment $280000

Receivables $83000

$1101000

Notes:

1. Cash.

Beginning cash $700,000

contributions $210,000

less salaries $80,000

less equipment purchase $50,000

Membership dues $30,000

Add contribution $10,000

Add investment income $13,000

less advertisement pay $2,000

less pay for supplies $93,000

2.Pledges receivable:

$78,000 plus the $5,000 in interest for period

3. Equipment. acquired equipment at $300,000 during the year.

4. Accumulated Depreciation: depreciation amounted to $20,000 for the equipment purchased till date.

5. Deferred Revenue: deferred revenue amounts to 27500 in membership dues since they've only earned 1/12 of the $30000 in exchange transactions.

6. Notes Payable: amount accrued for equipment

7. Salaries Payable: salaries owed employees as at end of the year

9. Donated Amount in Separate Entity. The organization does not hold variance powers for the amount contributed by a donor and so it's a liability

4 0
1 year ago
At the beginning of the year, Parent Company purchased all 500,000 shares of Sub Incorporated for $15 per share. Just before the
Free_Kalibri [48]

Answer:

The amount of goodwill that Parent should report as a result of its acquisition of a Sub is $500,000

Explanation:

The calculate of the goodwill of a company at its acquisition you have to subtract the total fair market value of its assets and liabilities from the price paid.

For this case:

Price of purchase: 500,000 shares at $15 per share that is $7,500,000

Fair market value of its assets and liabilities is $7,000,000 ($6,000,000 + $1,000,000) The value of net assets reported by Sub's + $1,000,000 extra determined by parets as fair value.

$7,500,000 - $7,000,000 = $500,000

5 0
2 years ago
Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its d
Mariana [72]

Answer:

Expected Dividend Yield is 10.4%

Explanation:

As we know that the Expected Dividend Yield for Portman’s Stock can be calculated using the following formula:

Expected Dividend Yield = [D0 x (1 + g) / Intrinsic Value (Step1)] * 100

Here

Dividend just paid is $2.16 per share

The growth rate for the Portman's stock is 16% for the first year

Ke is 13.6%

Intrinsic Value = $24.09 (See Step 1)

By putting the above values in the above equation, we have:

Expected Dividend Yield = [$2.16 x (1 + 0.16) / $24.09] x 100

= 10.4%

Step 1. Intrinsic Value can be calculated using the following formula:

Intrinsic Value = D1 / (1 + r)^1   +  Horizon Value (Step 2) / (1 + r)^1

Here

Growth (g) will be 3.2% for the year 2 because D2 = D1 * (1 + g)

Horizon value = D1 * (1 + g) / (Ke – g) = $2.5056 * (1 + 3.2%) / (13.6% – 3.2%)

= $2.5858 / 0.0752 = $24.86 per share

So by putting the above values in the step 1, we have:

= $2.5056 / (1 + 0.136)1 + $24.86/(1 + 0.136)1

= $24.09 per share

3 0
1 year ago
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