Michael Jordan specially orders a 10 foot mattress from Sleepy's without a written agreement. This contract is not enforceable. 3. Explain your answer to question 2.
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- Ultimately, _________ was replaced by the _________ on January 1st 1995. Question 2Answer a. GATS, WTO b. WTO, GATT c. IMF, GATT d. GATT, WTO- QUESTION 1 Green Tea 4 Life Ltd has requested your help in preparing their financial statements as they are unsure of the requirements of NZ IFRS 16 Leases for lessees. You are provided with the following lease details: Green Tea 4 Life Ltd is the Commencement date Lease term Economic life of asset Interest expense SCF classification IDC incurred by the lessee Upfront payment due on the commencement date Fixed payments per annum at year end Ownership transfer at end of lease Lessee's incremental borrowing rate The depreciation method used by the lessee The relevant present value discount factors are: Present value of $1 in n periods Present value of an annuity -5 1-8% Lessee 1 April 2019 5 years 10 years CFOA $10000 $30 000 $200 000 No 8% Straight line 0.6806 3.9927 (i) Prepare the journal entry to initially recognise the ROU asset and lease liability, at the commencement date. (ii) Complete the lessee's table in the space provided. Determine the total interest expense that would be…BUS 038 : Business Computations4. You buy goods on an invoice dated October 28, with terms of 2/20, n/45. What is the last day of the discount period? 5. You buy goods at a list price of $820. If you receive a trade discount of 25% and terms are “2/15, n/30,” what amount must you pay if you pay within the discount period? 6. You receive an invoice for $18,300 with terms of 5/15, n/60. If the supplier has a policy of allowing a cash discount for partial payments and you pay $11,500 within the discount period, calculate the amount of credit you will receive for this payment. Amount credited = Amount paid Complement of cash discount rate = $11,500
- 8. The Franchisor do not provide the following service Question 8 options: Partnership Advertising Operating System TrademarkPls help with below homework.Kelly Clarkson moved from unincorporated Nashville which is in Davidson County to Atlanta without selling her house. Blake found out she moved and asked if he could purchase the property if the City decides to incorporate the house into the City of Nashville. Kelly agreed and the contract stated that if the City of Nashville incorporates the house into the City then Kelly would sell the house to Blake. This is an example of _________. Question options: An options contract A dumb move A condition subsequent A condition precedent
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- Questions in red 10-12Question: Consider a company facing a demand pattern and costs as follows: Month Jan Feb Mar Apr Мay Jun Jul Aug Sep Oct Nov Dec Sequential number 1 3 4 6. 7 8. 9 10 11 12 Total Requirements (units) 20 40 110 120 60 30 30 80 120 130 40 800 Given: Fixed ordering cost A = $25.00, carrying cost r (per month) = $0.05 (Carrying costs are very high in this industry) and unit variable cost v = $4.00. Using a "three-month" decision rule, the replenishment schedule and associated costs are as follows: Month 1 3 4 5 | 7 8 9. 10 11 12 Total Starting inventory Replenishment | 170 Requirements Ending inventory Total replenishment costs: $110.00 Total carrying costs: $156.00 Total replenishment + carrying: $256.00 150 110 90 30 110 80 170 40 210 130 290 800 40 110 20 60 30 20 30 12 40 800 150 110 90 110 80 170 780 Construct a replenishment schedule and calculate the associated costs using the Fixed Economic Order Quantity method. 2033. Two offers were received by the broker at the same time, what action must the broker take? о Only present the offer with the least number of contingencies. О Only present the highest offer. Wait 24 hours for more offers to come in and present them all together. О Present both offers to the seller.