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iren2701 [21]
2 years ago
14

Nina Parkhurst owned a ranch and asked her son, Doug Boykin, to move to it and manage it for her. Boykin and his wife moved to t

he ranch and managed it for several years. they talked with Parkhurst many times, urging her to transfer 49 percent of the ranch to them. Parkhurst said she had thought and talked about possibly transferring the ranch but had made no decision. the Boykins claimed they were on the ranch under an oral contract with Parkhurst and that the oral contract also entitled them to a 49 percent interest in the ranch. she sued them and asked the court to declare that there was no contract. was there a contract?
Business
1 answer:
Black_prince [1.1K]2 years ago
5 0

Answer:

No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).

Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.

Oral contracts is a spoken agreement between two parties that may be legally binding.

Breach of oral contract can be hard to prove since it is not written down.

An oral agreement between family members is not enough to be considered a contract.

Explanation:

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You are a Director in the Andrews Corporation. Your boss called you to inform you that there is a proposed layoff in your depart
Luden [163]

Answer:

Making sure that Shelia understands the economic need for laying-off staff.

Explanation:

Lay-offs and the communication associated with it is never a pleasant topic for the employee who is getting laid-off, but also for the person who is in charge of delivering the message.

The key takeaway when communicating things related to lay-offs is the distinction between <em>lay-offs</em> and <em>employee firing due to bad performance</em>. Lay-offs are never the result of an individual's bad performance or mistakes regarding work, instead, they are always related to business issues, such as mandatory downsizing. All in all, lay-offs are always about <em>economic issues </em>regarding the business.

That's why it is irrelevant to talk about personal traits and the lay-off process since it is not the employee's fault.

6 0
2 years ago
Read 2 more answers
You may have all the skills required by the job, but if your social style rubs the interviewer the wrong way you are not getting
ollegr [7]

Answer:

The correct answer is Stay on topic with relevant examples of actions and results.

Explanation:

If you are in the hard work of looking for a job, you have to know that recruiters will ask you a series of questions in a job interview. With them, they will seek to cover the basic aspects of your professional profile, this before having a more detailed conversation. Recruiters often have a battery of questions they ask to have a first approach, if you answer correctly, fluently, attractively, seriously and with clear examples, they will probably take you to the next stage of the process. These are the nine questions in a job interview that you must master, as well as an answer guide for you to be as well prepared as possible and succeed.

7 0
2 years ago
Based on the following information, compute cash flows from investing activities under GAAP.
777dan777 [17]

Answer:

$250

Explanation:

Computation of cash flows from investing activities under GAAP.

The Purchase of used equipment as well as the sale of investments often affect cash flow from operating activities.

Therefore,

Sale of investments $450

Less Purchase of used equipment (Cash outflow) ($200)

Cash flow from investing activity $250

Therefore the cash flows from investing activities under GAAP would be $250

8 0
2 years ago
A physical inventory count of MegaCorp has a $50,000 balance before considering the following:
natali 33 [55]

Answer:

The amount of inventory reported on balance sheet is $62,500

Explanation:

In this question, we are asked to calculate the value at which inventory will be reported on the balance sheet.

To do this, we can employ a mathematical approach.

Mathematically;

Amount of inventory reported in Balance sheet = physical inventory + goods sent on consigned + inventory purchased on fob destination

From the question, we can identify the following;

Physical inventory = $50,000

Goods sent on consigned = $10,000

Inventory purchased on fob destination = $2,500

The amount of inventory reported in balance sheet = 50,000 + 10,000 + 2,500 = $62,500

7 0
1 year ago
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The account receivable turnover measures: Multiple Choice All of the options are correct. How often, on average, receivables are
denpristay [2]

Answer:

How often, on average, receivables are received and collected during the period

Explanation:

An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.

6 0
1 year ago
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