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:
Answer:arithmetic average annual return per year= 3.75%
Explanation:
Year 1 = 10%
Year 2= 15%
Year 3 = 15%
Year 4 = -25%
total return = 15%
Arithmetic average annual return per year =(Return of year1 + return of year 2 + return of year 3+ return of year 4 )/4 = 15% /4 = 3.75%
Answer:
Purchases= 302,000 units
Explanation:
Giving the following information:
Production= 100,000 units
Production of one unit of product R requires three units of material B.
For material B:
Beginning inventory= 22,000
Desired inventory= 24,000
<u>To calculate the purchases, we need to use the following formula: </u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 100,000*3 + 24,000 - 22,000
Purchases= 302,000 units
Answer:
Highland construction company
Income statement
For the year ended December 31, 2014
Sales revenue=128,400
Total expense=80,200
Pretax income=48,200
Tax =14,460
Net income =33,740
Highland construction company
Statement of stockholder's equity
For the year ended December 31,2014
Balance December 31,2013=0
Stock issuance =87,000
Add:Net income
Less:Dividends
Balance December 31,2014=87,000
Highland construction company
Balance sheet
December 31,2014
Account payable=46,140
Salaries payable=2,520
Total liabilities
Common stock=87,000
Retained earnings=23,740
As complete information is not given so only relevant portion is done.
Earned a degree from a four-year college at least. I HOPE IT HELPS :)
