answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viktelen [127]
2 years ago
15

Floramaria is an elderly woman who lives with her niece galaxy. floramaria is dependent on galaxy for support. galaxy advises fl

oramaria to "invest" in galaxy's "professional gambling" venture, or galaxy will no longer support her. floramaria liquidates her other investments and signs a contract with galaxy, to whom floramaria gives the funds. can floramaria set aside this contract?
Business
1 answer:
Grace [21]2 years ago
5 0
<span>This situation describes undue influence, that created from a relationship in which we cabm through unfair persuasion, influence or overcome the free will of another.
Under this particular context, since floramaria is a fragile elderly, the Galaxy basically could do anything towards her without having to worry that she's gonna fight back and caused trouble.</span>
You might be interested in
Firms use capital budgeting for their long-term asset investment decisions. Capital budgeting is important because fixed asset i
LenKa [72]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
2 years ago
The Motor Works is considering an expansion project with estimated fixed costs of $87,000, depreciation of $22,900, variable cos
Zielflug [23.3K]

Answer:

Break Even in Units 142,193

Explanation:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

28.5 - 22.37 = 6.13

This is the margin per unit to afford the fixed cost and generate a profit

Monetary Fixed cost:

87,000

Depreciation is a non-monetary concept, we are asked for a cash basis so we don't include it.

I'm assuming the 87,000 fixed cost do not include the depreciation so it will be ignored.

If the fixed cost include the depreciation then we should subtract depreciation and calculate with the answer.

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

87,000/6.13 = 142,192.50 = 142,193

6 0
2 years ago
Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is pequals=
KengaRu [80]

Answer: $1800

Explanation:

Here is the correct question:

Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is p=140-2q, where q is the number of rounds of golf that he plays per year. The manager of the Northlands Club negotiates separately with each person who joins the club and can therefore charge individual prices. This manager has a good idea of what​ Joe's demand curve is and offers Joe a special​ deal, where Joe pays an annual membership fee and can play as many rounds as he wants at ​$20, which is the marginal cost his round imposes on the Club. What membership fee would maximize profit for the​ Club? The manager could have charged Joe a single price per round. How much extra profit does the Club earn by using​ two-part pricing? The​ profit-maximizing membership fee​ (F) is ​$nothing. ​(Enter your response as a whole​ number.)

Answer:

p = 140 - 2q

The profit-maximizing membership fee​ will be equal to total surplus

Therefore, the number of rounds that Joe played will be,

P = MC

20 = 140 - 2q

2q = 140 - 20

2q = 120

q = 120/2

q = 60

Total surplus = 1/2 × (vertical intercept of the demand curve - marginal cost) × the quantiy of rounds.

Total surplus = 1/2 × (140 - 20) × 60

= 1/2 × 120 × 60

= 3600

Therefore, the maximum membership fee will be = $3600.

If the firm charge Joe a single price , then the rounds provided will be such that MR = MC

Total revenue = price × quantity

TR = (140 - 2q) × q

TR = 140q - 2q²

MR = dTR/dQ = 140 - 4q

We then equate MR = MC

140 - 4q = 20

4q = 140 - 20

4q = 120

q = 120/4

q = 30

P = 140 - 2q

P = 140 - (2 × 30)

P = 140 - 60

P = 80

Therefore, the profit if a single price is charge will be:

= TR - TC = pq - MC×q = (P-MC)×Q

= (80-20) × 30

= $1800

Therefore, the increase in the profit by two-par pricing will be:

=Membership fee - Profit of single price charge

= $3600 - $1800

= $1800

4 0
1 year ago
A high school basketball team won 40% of its first 15 games. beginning with the 16th game, how many games in a row does the team
Ierofanga [76]
  If the team won 40% of its first 15 games then the number of the winning games was:  15 * 0.4 = 6. Therefore the team lost 15 - 6 = 9 games.
  So the number of the lost games stays the same while the team wins new games in the row. They have to achieve 55% wins, so 100% - 55% = 45% is the new percent of lost games.
  x * 0.45 = 9
  x = 9 : 0.45
  x = 20
  20 - 15 = 5
  Answer: The team have to win 5 games in a row in order to have 55%
 winning record. 
7 0
2 years ago
Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity for the next 5 years. Normal o
Korvikt [17]

Answer:

<u>For retaining of Old Machine Equipment</u>

Price of old equipment 3 yrs ago = $130,000

O & M cost per year = $35,000

Using the Cash flow approach

End of year   Cash flow 1   Old equipment

0                            $0            Initial Cash flow

1                         -$35,000     O & M cost per year

2                        -$35,000     O & M cost per year

3                        -$35,000     O & M cost per year

4                        -$35,000     O & M cost per year

5                        -$35,000     O & M cost per year

Hence, Annual worth = Initial cash flow + Annual cost

Annual worth = 0 - $35,000

Annual worth = -$35,000

<u>For buying of new equipment</u>

Cost of buying new crane = $150,000

Market value of old crane = $40,000

Time = 5 years

O & M cost per year = $8,000

Salvage value = $55,000

MARR = 20%

Using the Cash flow approach

End of year   Cash flow 1   New equipment

0                         $110,000    -$150,000 + $40,000

1                         -$8,000     O & M cost per year

2                        -$8,000     O & M cost per year

3                        -$8,000     O & M cost per year

4                        -$8,000     O & M cost per year

5                        $47,000     -$8,000 + $55,000

Annual worth = Initial cash flow + Annual cost + Salvage value

Annual worth = -$110,000(A/P 20%,5) - $8,000 + $55,000(A/P 20%,5)

Annual worth = -$110,000*(0.334) - $8,000 + $55,000*(0.134)

Annual worth = -$36,781.77 - $8,000 + $7,390.88

Annual worth = -$37,908.88

Conclusion: We should retain the old machine as it is more favorable than purchase of new equipment

5 0
1 year ago
Other questions:
  • Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families c
    11·1 answer
  • explain three steps an eighth grader should take to create a college savings plan if she is interested in attending a two year t
    6·2 answers
  • During a busy time at the bakery counter, a loyal customer/member stops you to chat. As he's talking, you notice a customer/memb
    7·2 answers
  • The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civili
    11·1 answer
  • Up in Smoke Tobacco Shops' bond carries a 9 percent coupon, pays interest semiannually, and has 10 years to maturity. What is th
    14·1 answer
  • Candice is a jewelry shop owner, specializing in beaded necklaces. For each of the following inputs, classify each item as a var
    14·1 answer
  • Dr. Faulk's Outdoor Market wants to raise $2 million by selling 20-year coupon bonds at par. Comparable bonds in the market have
    11·1 answer
  • Wehrs Corporation has received a request for a special order of 9,300 units of product K19 for $46.80 each. The normal selling p
    10·1 answer
  • A business initially sells their product to customers for $50. They find that many people are buying their product so they rise
    8·1 answer
  • Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total asset
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!