MG
Mathieu Grindlay
Answers (10)
MG
Answered
Flax had net sales of $7,875 and its average accounts receivables is $1,250.Calculate Flax's accounts receivable turnover:
On Aug 01, 2024
Accounts Receivable Turnover = Net Sales/Average Accounts Receivables
\quad\quad Accounts Receivable Turnover = $7,875/$1,250 = 6.3 times
\quad\quad Accounts Receivable Turnover = $7,875/$1,250 = 6.3 times
MG
Answered
Ashley says to Bob: "I promise to pay you $20 if you shovel my sidewalk." Bob begins to shovel,and he soon completed 90% of the job.Then Ashley tells him: "Thanks,but I revoke." Bob then finishes the job in about ten minutes.Can Bob recover against Ashley in contract? Why or why not? In any event,what other theory might Bob use? Assume that an offer for a unilateral contract is accepted by full performance of the requested act.
On Jul 31, 2024
Bob can recover against Ashley in contract because he accepted by fully performing.Ashley's attempted revocation would be ineffective for one or more of the several reasons stated in the text.Perhaps the most widely accepted is the rule that when the offeree begins performance,he suspends the offeror's power to revoke for a reasonable time to complete performance.Furthermore,once the offeree begins performance,a bilateral contract is formed.In any event,Bob could recover under quasi-contract for at least the 90% of the job that he completed before Ashley's attempted revocation.Ashley was enriched,she was aware of that fact at the time of enrichment,and it almost certainly was unjust for her to benefit without paying Bob.
MG
Answered
An electricity company is considering damming a small river to generate electricity at a cost of $250,000 and a profit of $300,000 in 5 years. The current market rate of interest is 3 percent. Should the company make the investment?
A) Yes, the future value of the profit is greater than the present value of the cost.
B) No, the future value of the profit is less than the present value of the cost.
C) No, the present value of the profit is less than the present value of the cost.
D) Yes, the present value of the profit is greater than the present value of the cost.
A) Yes, the future value of the profit is greater than the present value of the cost.
B) No, the future value of the profit is less than the present value of the cost.
C) No, the present value of the profit is less than the present value of the cost.
D) Yes, the present value of the profit is greater than the present value of the cost.
On Jul 02, 2024
D
MG
Answered
Utility is MOST closely related to:
A) usefulness.
B) satisfaction.
C) requirement.
D) necessity.
A) usefulness.
B) satisfaction.
C) requirement.
D) necessity.
On Jul 01, 2024
B
MG
Answered
Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s) 3s2 75.If the price he receives for repairing a car is $36, then in the long run, how many cars will he fix per week if he maximize profits?
A) 0
B) 12
C) 9
D) 6
E) 18
A) 0
B) 12
C) 9
D) 6
E) 18
On Jun 02, 2024
D
MG
Answered
In a successful takeover, the shareholders of the acquiring firm usually realize substantial gains.
On Jun 01, 2024
False
MG
Answered
Under the RUPA,a person will be a purported partner and have liability when three elements of section 308(a) are met.Which of the following is not one of those elements?
A) A person purports to be or consents to being represented as a partner of another person or partnership.
B) A third party relies on the representation.
C) A third party suffered actual,tangible harm.
D) A third party transacts with the actual or purported partnership.
A) A person purports to be or consents to being represented as a partner of another person or partnership.
B) A third party relies on the representation.
C) A third party suffered actual,tangible harm.
D) A third party transacts with the actual or purported partnership.
On May 03, 2024
C
MG
Answered
In recent times,there has been a decline in the sale of newspapers in the U.S.as people prefer to read the news on the internet.This has caused many newspaper journalists to lose their jobs.This is an example of:
A) structural unemployment.
B) frictional unemployment.
C) cyclical unemployment.
D) seasonal unemployment.
E) underemployment.
A) structural unemployment.
B) frictional unemployment.
C) cyclical unemployment.
D) seasonal unemployment.
E) underemployment.
On May 02, 2024
A
MG
Answered
After voir dire, which is the next logical progression in a typical lawsuit?
A) Examination of witnesses.
B) Pretrial conference.
C) Cross-examination of witnesses.
D) Reading of the jury instructions.
E) Opening statements.
A) Examination of witnesses.
B) Pretrial conference.
C) Cross-examination of witnesses.
D) Reading of the jury instructions.
E) Opening statements.
On Apr 30, 2024
E
MG
Answered
The discovery and correction of errors is important in a computerized system. What kinds of errors might occur in these systems? What type
(s) of errors will be prevented in a computerized system?
1. Failing to record transactions.
2. Recording a transaction more than once.
3. Recording a transaction in incorrect accounts.
4. Entering an incorrect number in both the debit and credit parts of the transaction.With a computerized system, you cannot process a transaction unless debits equal credits. Additionally, you cannot post to the wrong account, as posting occurs automatically.
192. Identify the three main advantages of a computerized accounting system over a manual accounting system.
(s) of errors will be prevented in a computerized system?
1. Failing to record transactions.
2. Recording a transaction more than once.
3. Recording a transaction in incorrect accounts.
4. Entering an incorrect number in both the debit and credit parts of the transaction.With a computerized system, you cannot process a transaction unless debits equal credits. Additionally, you cannot post to the wrong account, as posting occurs automatically.
192. Identify the three main advantages of a computerized accounting system over a manual accounting system.
On Apr 29, 2024
1. Simplification of the recording process by recording transactions electronicallyand posting to both the general and subsidiary ledgers at the same time.
2. Generally more accurate than manual systems.
3. Provides management with current balance information to support decisionmaking since account balances are updated as transactions are entered.
2. Generally more accurate than manual systems.
3. Provides management with current balance information to support decisionmaking since account balances are updated as transactions are entered.