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IceJOKER [234]
2 years ago
10

Darin bought his fiancée Sarah a 3-carat diamond ring for $43,121 from Mandarin Gems. Later, Mandarin supplied the newlyweds wit

h a written appraisal valuing the engagement ring at $45,500. Years later, the couple divorced and Sarah kept the ring. When she had the ring reappraised, another gemologist assessed its value at only $20,000. Sarah sued Mandarin for breach of contract, but the jeweller defended by saying that it had never made a contract with her. Does Sarah have contract rights against Mandarin?
Business
1 answer:
aalyn [17]2 years ago
7 0

Answer:

Yes

Explanation:

Based on this information, it can be said that this is part of the court case Schauer v. Mandarin Gems of Calfornia. Which in term ended as the court held that Sarah was an intended done beneficiary since Darin made it very clear to Mandarin that its purpose was as an engagement ring for Sarah. Therefore even though Sarah was not a party to the contract that took place between Darin and Mandarin when purchasing the ring, she still has a right to enforce that contract and all the information that took place during it.

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Which financing option has the highest overall costs?
katrin2010 [14]

<u>Equity financing has the highest overall cost. </u>

Further Explanation:

The financing options that are available to the company are equity and debt. Equity  Financing refers to the issue of equity shares to the public. Debt refers to the loan taken by the company from the public or any financial institutions. The equity shareholders have the right to vote in general meetings while the debt holder does not have any such rights.

The equity shareholders are also entitled to receive dividends while debt holders are entitled to receive the interest regardless of whether the company is having a profit or not. The interest paid to debt-holders is deducted from the net profit before any tax is charged. The interest reduces the taxable income while the dividend is calculated on net profit after tax. Thus, the cost of using debt finance is lower as the amount which is paid as the interest is charged against the tax.

<u>Therefore, Equity financing involves a higher cost than Debt financing. </u>

Learn more:

1. Learn more about raising the equity

brainly.com/question/7854996

2. Learn more about the problem related to equity theory

brainly.com/question/3771927

3. Learn more about the short-term financial goals

brainly.com/question/2451748

Answer details:

Grade: Senior School

Subject: Financial Management  

Chapter: Cost of Capital

Keywords: Equity financing, the highest overall cost, debt financing, financing options, capital, business, shareholder’s fund, loan, financial management, raise, issue.

4 0
2 years ago
Read 2 more answers
In the Vasquez Corporation, any overapplied or underapplied manufacturing overhead is closed out to Cost of Goods Sold. Last yea
wolverine [178]

Answer:

Cost of Goods Sold, after adjustment for overapplied manufacturing overhead, for the year must have been $69,000.

Explanation:

From the question, we have:

Applied manufacturing overhead cost = $29,000

Actual manufacturing overhead cost = $27,000

Cost of Goods Manufactured for the year = $71,000

Overapplied manufacturing overhead = Applied manufacturing overhead cost - Actual manufacturing overhead cost = $29,000 - $27,000 = $2,000

Therefore, we have:

Cost of Goods Sold = Cost of Goods Manufactured for the year - Overapplied manufacturing overhead = $71,000 - $2,000 = $69,000

Therefore, Cost of Goods Sold, after adjustment for overapplied manufacturing overhead, for the year must have been $69,000.

8 0
2 years ago
4. College logo T-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10, it finds th
Lana71 [14]

Answer: PED = -1.665

The price demand elasticity is relatively elastic because PED is greater than 1..(ignore the minus sign)

Explanation:

Using the formula PED = % change in quantity/ % change in price

PED = ((Q1 - Q0)/(Q1 + Q0))/((P1 -P0)/(P1+P0))...EQU 1 where Q1 = 50 is quantity of product at Price P1 =10 and Q0 = 25 is quantity of product at Price P0 = 15 and PED is price of elasticity

Substituting figures into equ1

PED = ((50 - 25)/(50+25)) /((10 -15)/(10+15))

PED = -1.665

7 0
2 years ago
A population gathers plants and animals for survival. They need at least 360 units of​ energy, 300 units of​ protein, and 8 hide
stellarik [79]

Answer:

0 units of plants and 18 animals.

Explanation:

From the information provided, we know that this population must hunt at least 8 animals, to obtain the hides necessary to survive. When hunting such a quantity of animals, they would also obtain 160 units of energy and 200 units of protein. In terms of costs, this equals 80 hours of labor.

How can the population obtain the additional 200 units of energy and 100 of protein they need to live? They have two options: gather plants or keep hunting animals, of course, respecting the available quantities.

In the former case, at least 10 units of a plant would have to be gathered, this is the only way to obtain the additional units of energy and protein they are looking for. With 8 animals and 10 units of plants, they would have 460 units of energy, 300 of protein and 8 hides, and would have to invest 280 hours of labor.

If the population decided to reduce labor by gathering fewer plants (which is the activity that requires more time) but hunting the same amount of animals, it would obtain 430 units of energy, 290 units of protein and 8 hides. That means that it would not survive because it would not meet the requirement of 300 proteins.

Therefore, the only way to reduce hours of labor without risking survival would be gathering fewer plants but hunting more animals. Following this logic, the optimal amount would be 18 animals and 0 units of plants, as this would allow people to obtain the necessary resources to survive at the minimum cost in terms of labor. Furthermore, it would fit the physical limit of 27 units of plants and 23 animals. This combination would allow to obtain 360 units of energy, 450 of protein and 18 hides by investing only 180 hours of labor.

The attached image shows what happens when the quantity of animals is increased and that of plants is decreased until reaching the optimal combination of 18 animals and no units of plants.

4 0
2 years ago
You are working on a team that is designing a new drug. For this drug to work, it must enter the cytoplasm of specific target ce
LuckyWell [14K]

Answer:

The correct answer is

d. the similarity of the drug molecule to other molecules that are transported into the target cells

good luck

4 0
2 years ago
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