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2 years ago

Effectiveness of a solution is equal to:_______

Business

1 answer:

OlgaM077 [116]2 years ago

4 0

Answer:

a. Quality of a Solution 20% (x) Acceptability of the Solution 80%

Explanation:

We say that a solution is effective i.e 100%, when it has a 20% of its quality and 80% of its acceptability.

A solution is effective when it has a 100% effect. The application of a solution to a problem which yields 100% effect is said to be effective and acceptable.

The scale used is the relationship given as:

Effectiveness of a solution = Quality of a Solution 20% (x) Acceptability of the Solution 80%

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Pierre left a message on Shayna’s voicemail stating, “Hey Shayna. Regarding that painting we talked about. I changed my mind and

zysi [14]

<u>The contract between Pierre and Shayna is not a valid contract due to the lack of acceptance from Shayna. </u>

Further Explanation:

Contract:

A legally enforced agreement is considered a contract. An agreement is a promise between two parties to perform tasks for each other for some consideration. When an agreement becomes legally enforced, then it is considered as a contract. So the contract is a legally enforced promise between two parties for considerations. Both parties should get consideration and have a performance obligation.

Following factors are required for the contract:

Offer: A person should offer some consideration to another person for performing any activity or in the exchange of goods.

Acceptance of offer: The other person should accept the offer made by the first person.

Valuable consideration: There should be valuable consideration for both the parties.

Mutual obligation: Parties should promise to execute their obligated activities.

The performance capacity of the parties: Parties should be capable of performing the contract.

Legally enforcement: The contracts should be legally enforced.

These are the basic elements of a contract. If any contracts lack any of the given factors, then it will not be considered as a valid contract.

The contract between Pierre and Shayna:

In the current case, Pierre makes an offer to sell the painting to Shayna. Pierre leaves a message in the voicemail of Shayna, stating that if Shayna does not contact Pierre within one hour, then Pierre would consider that the Shayna wants to purchase the painting.

It is not a valid contract as it lacks the acceptance of the offer from Shayna.

Pierre enters the contract to sell the painting without considering the acceptance of the offer by Shayna. Pierre puts a condition that if she does not receive any revert from Shayna within one hour, then she would consider that Shayna has accepted the offer. For a valid contract, the promisee should accept the offer but the condition of acceptance (revert within one hour) does not state for the acceptance of Shayna. So, it will not be considered a valid contract.

<u>Thus, the contract between Pierre and Shayna is not a valid contract due to non-acceptence. </u>

Learn more:

1. Learn more about the cash deficiency

brainly.com/question/12981857

2. Learn more about the span of control

brainly.com/question/12986822

3. Learn more about the sales budget

brainly.com/question/12985585

Answer details:

Grade: Senior School

Subject: Business Law

Chapter: Contract Act

Keywords: Pierre, message, Shayna, voicemail, painting, mind, sell, steal, people, ASAP, hear, within an hour, not a valid contract, purchase a painting, lack of a(n), contract act, agreement, law, business law, promise, valid contract.

7 0

2 years ago

The inverse demand for a drug that treats melanoma is given by P = 3,000 – 10Q, where Q measures the number of drug treatments a

LUCKY_DIMON [66]

Answer:

Profit-maximizing price per drug treatment is $2,000

Explanation:

The "cost of production" (cost of providing all treatments) is given by the area under the cost curve

(The cost curve is the straight line C = 10Q)

It is a right triangle with one side being the quantity (Q) and the other being the cost of the last unit being produced (10Q)

So the cost of production is: $5Q^{2}$

Revenue is given by P * Q = (3,000 - 10Q) * Q

Profit = Revenue - Cost of production = 3,000Q - $10Q^{2}$ - $5Q^{2}$

To find maximum, take derivative and solve for:

3,000 - 30Q = 0 => Q = 100

Profit-maximizing quantity is 100. The price will then be P = 3,000 - 10*100 = $2,000

6 0

2 years ago

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

Zepler [3.9K]

Answer:

revenue recognized

2018 = $2,800,000

2019 = $4,500,000

2020 = $2,700,000

gross profit

2018 = $616,000

2019 = $990,000

2020 = $383,400

Explanation:

Percentage of 2018 2019 2020

completion method

Cost incurred in $0 $2,184,000 $5,694,000

previous year

+ Cost incurred $2,184,000 $3,510,000 $2,316,600

during the year

Total cost incurred $2,184,000 $5,694,000 $8,010,600

+ Estimated cost to $5,616,000 $2,106,000 $0

be incurred

Total estimated cost $7,800,000 $7,800,000 $8,010,600

to be incurred

Percentage of 28% 73% 100%

completion

Total revenue $10,000,000 $10,000,000 $10,000,000

Total revenue $2,800,000 $7,300,000 $10,000,000

recognized (% of completion x total revenue)

- Revenue recognized ($0) ($2,800,000) ($7,200,000)

in previous year

= revenue recognized $2,800,000 $4,500,000 $2,700,000

in current year

gain/loss 2018 2019 2020

Revenue $2,800,000 $4,500,000 $2,700,000

- Cost incurred ($2,184,000) ($3,510,000) ($2,316,600)

Gross profit $616,000 $990,000 $383,400

8 0

2 years ago

According to Twitter’s amended S-1 filed November 4, 2013, what were the estimated amounts of net proceeds to be received by the

Ivenika [448]

Answer:

$1.62billion ; $1.82billion

Explanation:

According to amended S-1 filed November 4, 2013, the estimated amounts of net proceeds to be received by the company after the offering, excluding and including the over-allotment option is $1.62billion or approximately $1.86billion if the underwriters fully exercise their option to purchase additional stock. The standard initial public offering price is assumed to be $24 per share.

goes on to explain that the main reason for this offering is to optimize their financial flexibility and capitalization, as well as to make their common stock available to the public. Net proceeds from the offering would also be fully utilized in facilitating their working expenses as well as funding business and taxation expenses.

3 0

2 years ago

Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon

rodikova [14]

Answer:

The amount of cash paid for intrest expense during the year was $ 41.500.

Explanation:

Cash paid for interest expense = bond interest expense + Decrease in premium on bonds payable account

= $ 40,000 + $ 1,500

= $ 41,500

Therefore, the amount of cash paid for intrest expense during the year was $ 41.500.

8 0

2 years ago