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mr_godi [17]
2 years ago
9

Tracy drinks beer at a bar, then goes to a car dealer and orders a new car. tracy later claims he was drunk and should not have

to buy the car. this:
Business
1 answer:
Vera_Pavlovna [14]2 years ago
7 0
<span>The issue here is whether Tracy had enough to drink that would cause him to be mentally incapacitated. If Tracy was mentally incapacitated, the contract would be rendered unenforceable and thus, Tracy would not need to honor the contract and vice versa. However, if Tracy cannot show this, the contract will likely be upheld.</span>
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Anchor Co. owns 40% of Main Co.'s common stock outstanding and 75% of Main's noncumulative preferred stock outstanding. Anchor e
dmitriy555 [2]

Answer:

155,000

Explanation:

Anchor Co. owns 40% of Main Co.'s common stock outstanding and

75% of Main's noncumulative preferred stock outstanding.

Anchor exercises significant influence over Main's operations.

During the current period, Main declared dividends of

$200,000 on its common stock and

$100,000 on its noncumulative preferred stock.

The amount of dividend income that Anchor should report on its Income Statement for the period related to its investment in Main is:

Ordinary dividends 0.40 x 200,000 = 80,000

Preference dividends 0.75 x 100,000 = 75,000

Total dividends = 155,000

8 0
2 years ago
Lillia is doing online research about using green energy. One Web site she finds is called, "Stop Killing the Polar Bears!" What
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When doing online research, you have to make sure that you are using credible source that present unbiased information. "Stop Killing the Polar Bears" seems to be an organization that will post biased information to persuade people to stop killing polar bears. Sites like this may post incorrect or incomplete information to make their case sound more appealing, but may not have the factual foundation to make them a credible source for research.

4 0
2 years ago
Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market
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Answer:

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8 0
2 years ago
Oranges cost $0.35 each, and bananas cost $0.20 each. If Jahil spent exactly $5.00 to buy only oranges and bananas and he bought
ale4655 [162]

Answer:

total of 16 fruits

Explanation:

Based on the information provided within the question it can be said that Jahill most likely bought a total of 16 fruits. Of those 16, 12 would be oranges and 4 would be bananas. That would total the $5.00 that Jahill spent as seen below.

Oranges 12 * 0.35 = $ 4.20

Bananas   4 * 0.20 = $ 0.80

$4.20 + $ 0.80 = $5.00

And since the question states that he bought more oranges than bananas then this can be a possible outcome.

4 0
2 years ago
Ignacio owns a small business that employs 12 full-time workers. He has recently been told by his financial advisor that he woul
enyata [817]

A contingent workforce is more on-demand than standard, full-time employees. Examples of contingent workers are freelancers, contractors, and consultants. These types of workers are hired when needed for shorter term projects and are only employed by the company for the time they are needed to complete their project.

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