For seven years, stanford owens has run a successful practice that small businesses file their taxes, become incorporated, and perform other legal tasks. stanford moves his practice to nyc, and is happy to find his first local client, diggywerx, almost immediately. they negotiate a flat fee of $5,500 for six months of stanford's services. a month later, stanford is more familiar with the local business landscape and realizes that most people offering his services in nyc charge around $13,000 for six months of work because of the higher costs to do business in nyc. is the deal between stanford and diggywerx enforceable?
a. no, because it is unconscionable due to the difference in bargaining power. b. no, because there is insufficient consideration. c. yes, because stanford is still receiving a fair price for his services. d. yes, because stanford and diggywerx each receive a benefit and incur a detriment.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

Why is investing in a mutual fund less risky than investing in a particular company’s stock?