<u>Solution and Explanation:</u>
A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.
Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.
Valid contract: The elemenst of valid contract must be seen.
Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.
hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.
Answer:
1. Gain of $12,000 on sale of some equipment from one of the gas stations that Bakko still owns at 12/31/Year 4. - <u>Part of income from continuing operations.</u>
The gas station is still owned by Bakko so the gain received will form part of income from continuing operation.
2. Bakko receives $5,000 for a fuel contract that will begin in Year 5. - <u>Not part of net income for Year 4</u>
As per the Revenue Recognition principle of Accounting, revenue is only to be recorded when earned which means that this revenue will be in the Year 5 income.
3. Bakko has $100,000 gain on the sale of the gas stations on May 1, Year 4. - <u>As a discontinued operation.</u>
The gas station has been sold and so is a discontinued operation.
4. Operating results through April 30,Year 4 for the gas stations that were sold. -<u> As a discontinued operation.</u>
The gas station has been sold and so is a discontinued operation. Will be reported in the Income statement as such.
5. Bakko has a $20,000 loss on the sale of the donut stores on October 1. - <u>As a discontinued operation. </u>
The donut store was sold and is no longer a part of Bakko so is a discontinued operation.
Answer:
<u>India.</u>
Explanation:
India is a country with an emerging economy that attracts a lot of investment due to its significant annual economic growth, government incentives, low taxes and little red tape.
The country stands out as the most populous democracy in the world, and despite having a global mentality for business and high investment rates, the second largest population in the world presents serious social problems, such as the caste system, which prevents Indians from having a better quality of life. There is also corruption, social inequality, religious and border disputes. All of these factors contribute to the fact that despite high investments and growth, India is a country marked by social inequality and extreme poverty for a large part of the population, which configures little access to consumer goods for most Indians.
Given:
D = 40 pcs /hour
T = 36/60 = 0.60 hours
X = 0.20
C = 10
Find the value of N.
N = DT (1 + X) / C
N = [40/hr * 0.60 hr (1 + 0.20)] / 10
N = [24 (1.20)] / 10
N = 28.8 / 10
N = 2.88 or 3
3 containers should be used to support the operation.
Answer:
c.the expected future returns must be equal to the required return.
Explanation:
When the stock is at equilibrium than the intrinsic value of the stock is equivalent to the market price of the stock that depicts that the expected returns which held in the future should be equivalent to the required return
Therefore the option c is correct
And, the other options that are mentioned in the question are incorrect
