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mote1985 [20]
2 years ago
14

Sixteen-year-old Travis Mitchell brought his Pontiac GTO into M&M Precision Body and Paint for body work and a paint job. M&

amp;M did the work and charged $1,900, which Travis paid. When, Travis later complained about the quality of the work, M&M did some touching up, but Travis was still dissatisfied. He demanded his $1,900 back, but M&M refused to refund it since all of the work was "in" the car and Travis could not return it to the shop. The state of Nebraska, where this occurred, follows the majority rule on this issue. Does Travis get his money? Is this a fair result?
Business
1 answer:
sergiy2304 [10]2 years ago
5 0

Answer:

Since Travis is a minor, he is able to disaffirm a contract. Minors are not allowed to sign contracts except those that include basic necessities like food or shelter. This is not the case here since painting a car is not considered a basic necessity. As long as Travis disaffirms the contract while being a minor, the other party cannot do anything about it. This applies even if Travis cannot make any type of restitution since he cannot return the paint job.

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Aliyah made a payment in the amount of $47.93. She’ll use the check register to record her transaction. What will be her new bal
Svet_ta [14]

<u>Answer:</u> $1295.02

<u>Explanation:</u>

Check register is a book which shows the list of transactions that has taken place using the checking account. Individuals can have a record of these transactions and they can update them when transactions take place. Withdrawals and deposits to the account can be recorded also the transactions which have not yet hit the account can also be recorded.

Check register shows the balance amount that is available in the account and which can be spent by the individual. Aliyah's account has a balance of $1342.95 after her payment of $47.93 she will have a balance of $1295.02.

7 0
1 year ago
TJ's and Corner Grocery are all-equity firms. TJ's has 2,500 shares outstanding at a market price of $16.70 a share. Corner Groc
valentina_108 [34]

Answer:

$1.3 per share

Explanation:

Data provided in the question:

Number of shares outstanding of TJ = 2,500

Market price = $16.70

Number of shares outstanding of Corner Grocery = 3,000

Price per share of Corner Grocery = $22.50

Cost of acquiring TJ's share = $45,000

Now,

Merger Premium per share = [ Cost of acquiring TJ's share - Market price of TJ's shares ] ÷ Number shares TJ's outstanding

= [ $45,000 - ( $16.70 × 2,500)] ÷ 2,500

=  [ $45,000 - $41,750 ] ÷ 2,500

= $3,250 ÷ 2,500

= $1.3 per share

4 0
1 year ago
A product has a demand of 4000 units per year. Ordering cost is​ $20, and holding cost is​ $4 per unit per year. The​ cost-minim
lesya692 [45]

Answer:

A. 200 units per order

Explanation:

To solve this you have to use the <em>economic order quantity</em> formula:

Q_{opt} = \sqrt{\frac{2DS}{H}}

Where:

Demand = 4,000

S= supply cost = ordering cost = 20

H= holding cost = 4

Q_{opt} = \sqrt{\frac{2*4000*20}{4}}

Economic Order Quantity = 200

<em><u>How to Remember:</u></em>

Demand per year and order cost goes in the dividend.

Holding cost goes in the divisor.

7 0
2 years ago
Merchants Credit Union has decided that tellers must rotate through a new weekend shift on Saturday afternoons because several o
HACTEHA [7]

Answer:

Innovative change

Explanation:

Innovation means change, hopefully a change for better. When a company decides to innovate its processes it means that it is trying to improve existing processes to make them more effective and more productive. In this particular case by starting to work weekend shifts they are trying to offer a better service.

8 0
2 years ago
A firm determines its profit by subtracting______ from _____ .
serious [3.7K]
<span>A firm determines its profit by subtracting total cost from revenue</span>
8 0
1 year ago
Read 2 more answers
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