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Aleksandr-060686 [28]
2 years ago
5

Dean, the president of Billing & Credit Company, promises to pay his employee Ewing, who is dangerously obese, $10 for every

pound that he loses within the next eleven months. Ewing agrees, diets and exercises, loses 154 pounds, and asks Dean for $1,540. Dean refuses to pay, saying that he does not remember the promise, but that even if he did make it, there was no consideration, and Ewing’s improved health is a sufficient benefit for his effort and sacrifice. Ewing files a suit against Dean. In whose favor is the court likely to rule, and why?
Business
1 answer:
Lunna [17]2 years ago
8 0

Answer: In Favour of Ewing.

Explanation:

When Dean made that promise, he got into a contract with Ewing.

Now for a contract to be enforceable, 4 components must be satisfied. These components are, Agreement, Capacity (mental), Consideration and Legality.

From the above text we can tell that this is therefore a valid contract because both of them agreed to the proposal and were both of sound mind when they did. There was a Consideration ( the benefit in the contract) of $10 per pound and this contract is legally sound so this is a valid contract.

Ewing has fulfilled his side of the bargain and is entitled to his reward or payment.

Dean's claim that Ewing’s improved health is a sufficient benefit for his effort and sacrifice which indeed is a benefit, should not be considered sufficient because it was not agreed upon as a term in the contract.

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Dream Threads Company sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin
mylen [45]

Answer:

350 units

Explanation:

The break even point shows the earnings that the company has to generate to be able to cover all the expenses. The formula to calculate the break even point is:

Break even point= Fixed costs / contribution margin

Break even point= $7,000/0.50

Break even point= $14,000

Now, to determine the break even point in units you have to divide $14,000 by the sales price per unit:

$14,000/$40= 350 units

According to this, the break even point in units is 350.

8 0
2 years ago
A trucking company is hired to deliver 125 lamps for $12 each the company agrees to pay $45 for each lamp that is
madam [21]
If this is the whole problem:
<span>A trucking company is hired to deliver 125 lamps for $12 each. The company agrees to pay $45 for each lamp that is broken during transport. If the trucking company needs to receive a minimum payment of $1365 for the shipment to cover their expenses, find the maximum number of lamps they can afford to break during the trip.

My answer is 3 lamps.

125 lamps * 12 each =  1,500 total revenue
</span>
Minimum revenue: 1,365

1,500 - 1,365 = 135 excess from minimum revenue.

135 ÷ 45 charge of broken lamp = 3 lamps.

The company can afford to break a maximum of 3 lamps w/o falling below its minimum payment. 
8 0
2 years ago
The CEO of Tough Mudder believes that teams in his company are not working as effectively as they could, and he is asking you fo
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Answer:

A) Speak about everyone on the team as though they are the same to help team members feel they are being treated equally.

Explanation:

CEO Tough Muddler should:

  • Get to know better every member of the different teams he is managing, this will help him learn about their strenghts and weaknesses, which is crucial for any manager.
  • Make sure the members of different teams know each other as well - it's not enough if the boss knows everyone well, coworkers should have at least some degree of familiarity with each other. This is what makes possible the development of synergies and better teamwork.
  • Make sure he treats people fairly - He should let his workers know that he will not be biased against anyone. Differences in performances will happen because everyone has different abilities, but people should be rewarded fairly, and according to merit.

6 0
2 years ago
Mullen Company purchased a new machine costing $55,200 on January 1, 2017. The machine is expected to have a $3,600 salvage valu
viva [34]
A. 8,600 is the answer
8 0
2 years ago
Read 2 more answers
Start period 02 | 01 | 2019 End period 02 | 15 | 2019 Gross Pay $1,837.00 Earnings Taxes Deductions $1,837.00 Federal (8.24%) =
mario62 [17]

Answer:

Net Pay is equal to $1,474.19.

Explanation:

Net is Gross Pay minus taxes deductions. Therefore, Net Pay can be calculated as follows:

<u>Particulars                                                           ($)                    ($)      </u>

Gross Pay                                                                              1,837.00

<u>Taxes Deductions</u>

Federal (8.24% of Gross Pay)                        (151.37)

FICA Medicare (1.45% of Gross Pay)             (26.64)

FICA Social Security (6.20% of Gross Pay)  (113.89)

State - OK (3.86% of Gross Pay)                  <u>  (70.91)  </u>

Total                                                                                     <u>  (362.81) </u>

Net Pay                                                                               <u>  1,474.19  </u>

<u />

Therefore, Net Pay is equal to $1,474.19.

7 0
2 years ago
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