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baherus
5 days ago
9

On July 1, 2015, ABC company filed its Articles of Incorporation with the State of California. All of their correspondence and c

ontracts list ABC as ABC Inc. On July 10th, XYZ Inc. sues ABC for breach of contract. Then on July 20th, ABC gets notice from the State of California that their Articles of Incorporation have been rejected. ABC forgot to list its Registered Agent on the forms. How is ABC going to be treated in the lawsuit filed against them by XYZ Inc
Business
1 answer:
Free_Kalibri [3.4K]5 days ago
5 0

Response:

Clarification:

When the ABC company submitted its Articles of Incorporation to the State of California, they intended to operate as ABC Inc., which implies corporation status with limited liability.

However, if a lawsuit is initiated by XYZ Inc. for breach of contract, and considering that XYZ has filed this case against ABC, the company will shift to being recognized as a partnership subject to unlimited liability. This change occurs because ABC has received notification from the State of California indicating that their Articles of Incorporation were not accepted due to the omission of their Registered Agent on the application forms.

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A proposed project has fixed costs of $39,480, depreciation expense of $8,724, and a sales quantity of 1,330 units. The total va
harina [3522]

Answer:

el margen de contribución por unidad del producto es $29.7

Explanation:

para calcular el costo fijo por unidad, debes dividir el costo fijo total por el número de unidades del producto. es decir, $39,480/1330 unidades = $29.7 por unidad

el costo variable por producto es $5,607/1330 unidades = $4.2 por unidad

el precio de venta = 33.9 es decir, costo fijo + costo variable

solución

precio de venta por unidad= 33.9

menos C.V. 4.2

margen de contribución 29.7

costo fijo por unidad 29.7

0

la cuenta está en el punto de equilibrio

6 0
1 month ago
Read 2 more answers
Billings Company has the following costs when producing 100,000 units: Variable costs $600,000 Fixed costs 900,000 An outside su
arsen [3236]

Answer:

Increase in income= $1,215,000

Explanation:

Consider the following details:

Billings Company has the ensuing costs when manufacturing 100,000 units: Variable costs total $600,000, fixed costs are $900,000. An external supplier has proposed to produce the item for $4.50 per unit. Should the choice be made to outsource, the current production facilities might be rented out to another company for $165,000.

It is uncertain whether all fixed costs can be attributed to the current production facilities. We will assume they are.

Total current costs = 600,000 + 900,000 = $1,500,000

Purchase cost = 4.5*100,000 - 165,000 = 285,000

Income increase = 1,500,000 - 285,000 = $1,215,000

4 0
6 days ago
Claire is the head of product design for her company. She has to create the layout for the next generation of smartphones. She h
Free_Kalibri [3484]

Response:

the choice is D

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Reasoning:

I just completed this on plato

6 0
15 days ago
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:Year C
marusya05 [3433]

Answer:

IRR = 14.96%

The project should be rejected, because the calculated internal rate of return falls short of the required return (14.96% < 16%).

Explanation:

The internal rate of return (IRR) is an essential calculation in capital budgeting for assessing potential investment profitability. The IRR rule guides whether to pursue a project or investment, stipulating that if the IRR exceeds the minimum required return, the project should be accepted. Conversely, if it’s lower than the cost of capital or the requisite return, the project should be turned down.

The formula used is as follows:

$0 = (initial investment x -1) + CF1 / (1 + IRR) ^ 1 + CF2 / (1 + IRR) ^ 2 +... + CFX / (1 + IRR) ^ X

Initial Investment = Total initial investment costs year x-1

CFx = Cash Flow during period X

IRR = Internal rate of return

Due to the nature of the IRR formula, it cannot be computed analytically; it must be derived through trial and error or via specialized software for IRR calculation.

In this instance:

IRR = -27200 + 11200 / (1 + IRR) ^ 1 + 14200 / (1 + IRR) ^ 2 + 10200 / (1 + IRR) ^ 3

IRR = 14.96%

The company should not proceed with the investment, as the calculated IRR is less than what is required (14.96% < 16%).

5 0
14 days ago
Consider a hypothetical closed economy in which households spend $0.65 of each additional dollar they earn and save the remainin
Free_Kalibri [3484]

Answer:The marginal propensity to consume (MPC) is 0.65

The multiplier or k = 2.85714 rounded to 2.86

Explanation:

The MPC pertains to the fraction of additional disposable income that consumers choose to spend. It is used to gauge the consumption increase driven by rising income.

MPC can be calculated as follows,

MPC = Change in consumption / change in income

MPC = 0.65 / 1

MPC = 0.65

To derive the multiplier, we apply this formula,

Multiplier or k = 1 / (1 - MPC)

k = 1 / (1 - 0.65)

k = 2.85714 rounded to 2.86

7 0
9 days ago
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