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Amy Kemper was seriously injured when her motorcycle was struck by a vehicle driven by Christopher Brown. Kemper’s attorney wrote to Statewide Claims Services, the administrator for Brown’s insurer, asking for “all the insurance money that Mr. Brown had under his insurance policy.” In exchange, the letter indicated that Kemper would sign a “limited release” on Brown’s liability, provided that it did not include any language requiring her to reimburse Brown or his insurance company for any of their incurred costs. Statewide then sent a check and release form to Kemper, but the release demanded that Kemper “place money in an escrow account in regards to any and all liens pending.” Kemper refused the demand, claiming that Statewide’s response was a counteroffer rather than an unequivocal acceptance of the settlement offer. Did Statewide and Kemper have an enforceable agreement?
For each of the following independent cases, use the equation method to compute the economic order quantity.
A not for profit agricultural society received a gift on 1/1/14 of a tractor. The society plans to use it to cut grass in its 3000 acre demonstration agricultural farm. The gift had been purchased by the donor for $50,000 but had a fair value of $60,..
Assume that firms U and L are in the same risk class, and that both have EBIT = $500,000. Firm U uses no debt financing, and its cost of equity is rsU = 14%. Firm L has $1 million of debt outstanding at a cost of rd = 8%. There are no taxes. Assume t..
calculation of capital budgeting.a company has the following income statement. what is its net operating profit after
The difference was attributable to the fair value of Lake''s buildings and its land exceeding book value, each accounting for one-half of the difference.
Should this be the sole criterion to be used in classifying investment securities? Explain why should investment securities even be separated into different classifications? Why not just treat them all the same so you would not have to worry about..
The accounting records of Bronco Company revealed the following information: Bronco's cost of goods manufactured is:
(Revenue recognition-point of sale) Jupiter Company sells goods on January 1 that have a cost of $500,000 to Danone Inc. for $700,000, with payment due in 1 year. The cash price for these goods is $610000, with payment due in 30 days. Prepare the jou..
Compute Denver's return on assets, profit margin, and asset turnover; both with and without the new product line. Discuss the implications that your findings in part (a) have Denver's decision.
to classify costs associated with manufacturing firms merchandising firms or service firms as 1product or period costs
In its December 31, year 2 balance sheet, what amount should Regal report as unearned revenue?
questionhendricks has run the produce club for the first 10-week season. beforehand becoming a farmer harvey had been a
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