Answer:
the essential terms of the contract.
Explanation:
Generally contracts that involve large transactions like selling a company must be made in writing and must be signed by all the parties. In this case, the sort of wrote a summary of the basic terms of the sale on the back of an invoice, and at least they signed it. As it is, the contract might not be enforceable because it probably lacks a lot of important details, since the amount of space used to write it down was very small specially considering that most of the space was used for the signatures.
So in order to prevent any future problems, and to comply with the statute of frauds, they should make a written memorandum that includes the essential and important terms of the contract, which must be signed also. They could also write down a proper sales contract since they are signing it again.
The statute of frauds establishes that certain contracts must be done in writing, and since this contract probably involves a significant amount of money, it probably falls under it.
Answer:
E) Bright: No dominant strategy, Sparkle: Strategy 1
Explanation:
The payoff matrix above shows the profits associated with the strategic decisions of two oligopoly firms, Bright Company and Sparkle Company. The first entries in each cell show the profits to Bright and the second the profits to Sparkle. What are the dominant strategies for Bright and Sparkle, respectively?
Bright: No dominant strategy, Sparkle: Strategy 1
Answer:After-tax cost of debt capital = 4.78%
Explanation:
Cost of debt (After-tax):
= 
(1 – tax rate)
Where,
= After tax cost of debt
F = Floatation cost
= Net proceeds
Net proceeds = Bond face value ± Premium or Discount
Net proceeds: $ 1000 - $ 15 = $ 985
Flotation cost = $ 36
Tax rate 34% or 0.34
Hence, after tax cost of debt = 
(1 - 0.34)
= 4.778 % (approx.)
i.e. 4.78%
Answer:
The answer is: policy
Explanation:
Company's policy are guidelines that can affect its operation, plans and objectives. They are the rules that outline the activities and responsibilities of the company's employees and employers. They serve as rules of conduct within the company.
