Bertran is a commercial baker, who distributes his baked goods to multiple food chains in his state. In order to provide better pricing for his clients, and to remain competitive, Bertran locks in the pricing on his baking supplies, with two-year contracts with set pricing per unit/pound agreed upon for the merchants to provide his bakery with all the sugar, flour, butter, chocolate morsels, etc. that his company may need. As the contracts do not list the AMoUNT of the supplies, are they enforceable? a. ALL of the answers are correct.
b. Yes. The are enforceable as output contracts between merchants, under the UCC.
c. No. The contracts are not enforceable as quantity is a necessary term for an enforceable contract.
d. Yes. They are enforceable as requirements contracts between merchants, under the UCC.

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.