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Seller orally agrees to sell his laptop to Buyer for $600. Buyer tenders the purchase price but Seller asserts the Statute of Frauds and refuses to sell the laptop to Buyer. a. Seller is bound to the agreement because it is an oral contract b. Seller is bound to the agreement because he admitted the contract to buyer c. Seller is not bound because the agreement must be in writing to be enforceable d. Seller is not bound because he is not a merchant
Instalment sale method for tax purposes. Please (1) Find some company who used this in the recent past (2) provide a link that shows an explanation of why and on what they used it for and (3) state what (if any) their other options were
After paying the movie distributors and meeting all other non-interest expenses, the owner expects to net $2.00 per ticket sold. Construction costs are $1,000,000 per screen.
Prepare the flexible budget for manufacturing for the quarter ended March 31, 2013. Assume activity levels of 900, 1,000, and 1,050 units.
Estimate the cost of the merchandise destroyed . Briefly descrive the situations in which the gross profit method is useful
Name at least two advantages to Chieftain from having no long-term debt and what are some of the advantages to Chieftain from having this large a cash balance? What is a disadvantage?
Compute the number of meals and the amount of sales revenue needed to earn operating income of $75,600 for the year.
calculation of total manufacturing cost per gallon of teflon.in the text you used accounting data on dupont kevlar
A company has a return on equity of 20 percentand a profit margin of 13 percent. The company's total debt equal $450 million and total equity equal to $550 million. Determine the level of sales for this company? (Hints: assume debt + equity = tota..
The Corey Company exchanged equipment costing $190,000 with accumulated depreciation of $45,000 for equipment owned by Salvo Corporation. The Salvo equipment cost $305,000 with accumulated depreciation of $105,000. The fair value of both pieces of eq..
Prepare separate entries for each transaction on the books of Purcey Company
Expected revenues and expenses for the first year of operations
Sales in East Company declined from $100,000 per year to $80,000 per year, while net operating income declined by 300 percent. Given these data, the company must have had an operating leverage of
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