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s344n2d4d5 [400]
2 years ago
7

Carl and debra orally agree on the sale of carl's electrical supplies company to debra and jot down the terms on the back of one

of carl's blank invoices, which they both sign. a written memorandum evidencing an oral contract that would otherwise be unenforceable must contain​
Business
1 answer:
Romashka-Z-Leto [24]2 years ago
3 0
A written memorandum evidencing an oral contract that would otherwise be unenforceable must contain essential terms. In which this essential terms are important as a way of providing terms that both parties must engage in as a way of meeting the contract that they have agreed on.
You might be interested in
Leading coatings and paints manufacturer Akzo Nobel established a team made up of members from various departments to increase p
lakkis [162]

Answer:

a. affective

Explanation:

When a disagreement arises because of negative emotions among the intra-group team members, an affective conflict occurs. A cross-functional team has different members from various departments. Therefore, team members can expect a negative perspective among themselves. If it happens, affective conflict arises in the cross-functional team.

Therefore, option A is the correct answer.

5 0
2 years ago
ABC Inc. just paid a dividend of $1.00 this year. The stock price is $15.43 currently. The market risk premium is 15% and the ri
mariarad [96]

Answer:

Price lowers and becomes negative or -5.37 dollars

Explanation:

Market risk premium's formula could be written as dividends/price + dividend's growth rate. Therefore, we dividend growth rate according to the current price and dividend level equal to market risk premium - dividends/price or 0.15 - 1/15.43 = 0.086 or 8.6%. If the dividend growth rate rises by 25% than new one is 33.6%. Price is equal to dividends/market risk premium - dividend growth rate or in this case 1/0.15-0.336 or 1/-0.186 or -5.37 dollars. If the price is negative that would mean that any future selling of the stock would mean that ABC would have to pay in order to sell it.

4 0
2 years ago
Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a p
Ne4ueva [31]

Answer:

1.                                            Variable           Fixed

Cost of goods sold          70,000,000     30,000,000

Selling Expenses             12,000,000        4,000,000

Administrative Exp.           6,000,000         6,000,000

Total                                  88,000,000     40,000,000

Note:

Cost of goods sold 70% 30% on 10,000,000 for variable and Fixed respectively

Selling expenses 75% 25% on $16,000,000 for variable and Fixed respectively

Administrative expenses 50% 50% on $12,000,000 for variable and Fixed respectively

2. Unit Variable cost = Total variable cost / Units produced

Total Variable cost          88,000,000

Unit produced                  <u>1,000,000</u>

Unit variable cost             <u>      88      </u>

<u />

Unit Contribution margin = Selling Price - Variable cost per unit

Selling Price                        $188

- Variable cost per unit       <u>$88</u>

Unit Contribution margin   <u>$100</u>

<u />

3. Break even Point (Units) = Fixed cost / Contribution margin per unit

Fixed cost                                    40,000,000

Contribution margin per Unit        <u>   100    </u>

Break even Point (Units)               <u>400,000</u>

<u />

4. Break even point (units) = Fixed cost / Contribution margin per unit

Fixed cost                                           40,000,000

Increased Fixed cost                           <u>5,000,000</u>

Total New fixed cost                          45,000,000

Contribution margin per unit              <u>     100       </u>

Break even point (units)                      <u>450,000</u>

<u />

5. Determined sales units = (New fixed cost + Desired Income) / Contribution margin

New Fixed Cost                45,000,000

Desired Income                <u>60,000,000</u>

                                         105,000,000

Contribution margin          <u>      100         </u>

per unit

Determined sales units    <u>  1,050,000</u>

<u />

6. Maximum Income from operation = Total New sales - Total New variable cost - Total Fixed cost

Sales                               188,000,000

Increased sales               <u>11,280,000</u>

Total New sales              199,289,000

Variable cost                    88,000,000

New Variable cost             5,280,000

Total New Variable cost   93,280,000

Total New Fixed cost       <u>45,000,000</u>

Maximum Income from   <u>61,000,000</u>

operation

Number of units = Increase in sales / Price per unit

New variable cost = Number of units * Unit variable cost

Increased sales                    11,280,000

Price per unit                         <u>    188     </u>

Number of units                      60,000

Unit variable cost x                  <u>88.00</u>

New Variable cost                 <u>5,280,000</u>

<u />

7. Net income = Sales - Variable cost - New fixed cost

Sales                           188,000,000

Less: Variable cost      88,000,000

Less: New fixed cost   <u>45,000,000</u>

Net Income                  <u>55,000,000</u>

<u />

8. Option b. In favour of the proposal because of the possibility of increasing income from operation.

4 0
2 years ago
Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in
77julia77 [94]

Answer:

$1000

$1010

Explanation:

The formula for determining simple interest = principal x time x interest rate

The formula for determining compound interest = future value - amount invested

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

1000 X 0.01 X 1 = $10

Given the figures in the question, the simple interest each year would be $10 based on $1000

But the compound interest in year 2 = 1000 x (1.01)^2 = 1020.10

1020.10 - 1000 = 20.1

compound interest in year 2 = 20.1 - 10 = 10.1

or

1010 x 0.01 x 1 = 10.1

7 0
2 years ago
A consumer lives on a diet of solely steak and potatoes. Her budget is ​$30 for every 10 days and she must buy enough potatoes t
Alja [10]

Answer:

Total= 20 potatoes + 2 steaks

Explanation:

Giving the following information:

Her budget is ​$30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day. If a potato costs ​$0.50 and the price of a steak is ​$10.

2 potatoes a day= 0.5*2= 1

Consumption of potatoes= 10 days*$1= $10

Consumption of steak= 30 - 10= 20/10= 2 steaks.

Total= 20 potatoes + 2 steaks

5 0
2 years ago
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