Answer:
c
Explanation:
The agreement between Marco and Clowns R Us is an illusory contract. This is because Clowns R Us is not obligated to buy any balloons.
The contract states that Clowns may buy as many balloons as it wishes, but it does not say that Clowns must buy any balloons.
An illusory contract is not a valid contract because it lacks consideration. Consideration is something that each party gives up in order to make the contract binding.
In this case, Marco is giving up the right to sell balloons to other businesses. However, Clowns R Us is not giving up anything. It is free to buy balloons from other businesses or not buy any balloons at all.
As a result, the contract between Marco and Clowns R Us is not enforceable. If Clowns R Us does not buy any balloons, Marco cannot sue them for breach of contract.
Here are some other examples of illusory contracts:
A contract that states that one party may buy as many widgets as they wish at the price of $1 per widget.
A contract that states that one party may hire the other party for as many hours as they wish at the rate of $1 per hour.
A contract that states that one party may rent a car for as many days as they wish at the rate of $1 per day.
In all of these cases, the party that is not obligated to do anything is not giving up anything in order to make the contract binding. As a result, the contracts are not enforceable.
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enterprise opportunities
In the short run, if a firm produces the level of output at which marginal revenue is equal to marginal cost but price is less than average total cost, the firm will.
When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,
In practice, a perfectly competitive firms will continue to produce output until the marginal revenue equals marginal cost (MR=MC)
When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,
Therefore, the Option C is correct.
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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record profits of $1.9 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.2. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 40 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $11,000.
What price should you charge for a midsized automobile if you expect to maintain your record sales?
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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*15 POINTS*
PLEASE HELP WITH ALL SOLUTIONS
Answer:
i cant see them
Explanation:
Bryan's department at Farrell Manufacturing is responsible for planning, implementing, and controlling the flow and storage of products and information from the point of origin to the point of consumption. In other words, his department handles _____ management.
Answer:
Logistics
Explanation:
Logistics
Bryans department is responsible for logistics because they are responsible for planning, implementing, and controlling the flow and storage of products.
What is logistic?This is one aspect of the implementation and the carrying out of complex business operations in the work place.
The logistics department is a place that is responsible for the flow of things in the workplace.
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Distinguish between Economic and Non-economic activities on the
basis of
(i) Purpose
(ii) Outcome
The difference between economic and non-economic activities can be drawn clearly on the following grounds:
An activity related to production and consumption of goods and services for economic gain is known as economic activities. An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity.Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement.Economic activities have a pragmatic approach, in essence, it deals with things in a practical way. As against this, non-economic activities have an idealistic approach wherein more importance is given to human values instead of money.Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness.Economic activities are very important for the economy as they add value to the country’s gross domestic product (GDP). As opposed to non-economic activities, which have no influence over country’s national income.What is not a service business?
Answer:
A non-service business is a business that primarily sells products
Explanation:
Hope this helped :)
An analyst who wants to compare two companies based on their income statement information should prepare a _____ income statement.
Answer:
Classified (Or Multi-Step) Income Statement
Explanation:
A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.
An analyst who wants to compare two companies based on their income statement information should prepare a Classified (Or Multi-Step) Income Statement.
What is a Statement?A statement, like "Pizza is tasty," is a declaration that something is true. In the fields of law, banking, and government, there are more types of statements. Every statement makes a claim or a point. If you see an accident, you have to tell the police what you observed in a statement.
Positive assertions are objective, as is positive reasoning more generally. They can be tested as a result. These can be divided into two groups. One is a claim, such as "a decline in GDP results in an increase.
Unemployment." By examining the GDP and unemployment statistics, this argument can be objectively tested. The second type is a factual remark, such as "It's raining" or "Microsoft is the world's largest manufacturer of computer operating systems."
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Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.
Answer:
1545-1574 for the empty boxes
Explanation:
Answer: Leave box number 4 blank
Explanation: The directions say to leave certain boxes blank if the answer isnt in the form
Situational variables that cause one style of leadership to be more effective than another are also called:
Answer:
leadership style and situational favorableness
Explanation:
some of the elements of are a focus on a shared mission, a willingness to work together toward the same goals, and a sense of trust in each other.
Part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.
At workplace, teamwork refers to the collaborative effort of the employee to achieve a common goal in most effective and efficient manner.
Hence, the part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.
Therefore, the answer is element of teamwork.
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If Amazon enters the Japanese online market by translating its U.S. website into Japanese the company is using which internationalization strategy
If Amazon enters the Japanese online market by translating its U.S. website into Japanese, the strategy used is the meganational strategy.
A meganational strategy is an international strategy that focuses on reaping cost reductions through the economies of scale. It's a strategy that's used in seeing the world as one big national market.
Since Amazon enters the Japanese online market by translating its U.S. website into Japanese, then the strategy that is used is the meganational strategy.
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An investor purchased 100 shares of Paradigm Publishing Corporation (PPC) on October 17, 2020. The price was $83 per share. On April 11, 2021, the investor wrote one PPC Nov 85 call for 3. At expiration date, the PPC stock is selling for $80 per share, and the investor liquidates the stock at the market price and the option at its intrinsic value. The net tax consequences are A) $300 long-term loss. B) $300 long-term gain. C) no gain, no loss. D) $200 short-term gain.
Based on the information given the net tax consequences are: C) no gain, no loss.
First step is to compute the breakeven point
Breakeven point=Purchase price-premium received
Breakeven point=$83-[($83-$80)]
Breakeven point=$83-$3
Breakeven point=$80
Based on the given details we were told that the PPC stock is selling for $80 per share and based on the above calculation the breakeven point was also $80.
Therefore the tax consequences is no gain or no loss because PPC stock was sold out at the breakeven point.
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How long does a lender have to fix their net worth if they notify the FL-OFR before the shortage occurs?
According to the established standards and practices, a lender would have to use 120 days to fix their net worth if they notify the FL-OFR before the shortage occurs?
FL-OFR is an acronym for the Florida Office of Financial Regulation.
FL-OFR has three divisions which is headed by the commissioner.
FL-OFR regulates financial activities like consumer finance, financial institutions, securities, etc.
Hence, in this case, it is concluded that the correct answer is "120 days."
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a contract clause which specifies the amount of damages to be paid in the event of a breach is called
A contract clause which specifies the amount of damages to be paid in the event of a breach is called a liquidated damages clause.
When parties are entering into a contractual agreement, certain provisions are catered for in the contract which allows payment of a specified sum should one of the parties be in breach of contract. This is called liquidated damages clause.
The purpose of adding the clause ( liquidated damages clause) is to ensure sure parties to the contract understand and performs their duties accordingly.
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The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sold less repurchased sold repurchased
Answer:
sold
Explanation:
Which media outlet is a good choice for grocery and fast food advertisements because many consumers decide what to buy while enroute to the store
Answer: Radio
Explanation:
The most basic form of ownership in a firm consists of:
True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False
Answer:
true
Explanation:
GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.
________ are salespeople who sell a manufacturer’s products on an extended contract basis but are not employees of the manufacturer.
Answer:
manufacturer's representatives.
hope this helps! :)
Manufacture's sales representative are sales groups who sell a manufacturer’s commodities on a prolonged contract ground, but are not employees of the manufacturer.
Who is Manufacture's sales representative?A manufacturers' representative is, in its most basic form, defines as someone who agrees to represent a firm and sell their product or service for a certain percentage fee.
He changes some basic commission on sale of the manufacture's product or commodity. Thai commission is also added to the price of commodity.
Sales organizations that market a manufacturer's commodities on a long-term contract basis, but are not employees of the manufacturer, are known as manufacturer's sales representatives.
Therefore, manufacture's sales representative is a person that sales the products on the behalf of manufacture.
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Josie is trying to figure out how to implement her investing strategy. She wants to compare online
brokers, financial advisors and robo-advisors. What are 2 questions that she should consider during
her research? Note: You don't need to answer the questions, only ask them.
Considering the situation described above, the 2 questions that Josie should consider during her research include "In your respective industry, what is the most important advice you can give to a first-time investor.?"
The other question Josie should consider during her research include:
Considering the current pandemic period, which line of investment has stood the test of time?
These questions is expected to yield answers that would guide Josie on how to implement her investment strategy to yield desired results.
Hence, in this case, it is concluded that Josie needs to ask the right questions to give her informative answers that can be used in the investment implementation.
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Many of the meetings in which office workers are involved are informal, small group meetings
Answer:
false
Explanation:
office meetings are always formal because this is a serious meeting. Every worker is also involved. You can tell by the way they dress the meeting and the way they speak is formal.
Asser and his partner Ali decided to start a business selling flowers called A and A Blooms. They agreed the business
objectives they would set. There are several other shops in the town and much competition. Asser and Ali had little
cash to start the shop, BUT after 5 years running, it is still open. Business objectives have changed, there are plans to
open 2 or 3 new shops, perhaps by taking over some of their competitors. The business now employs 5 workers and
uses several local flower growers as suppliers.
a) What is meant by 'business objective'?
[2]
Goals
Direction in which business Сол be succesful
b) Identify two of A and A Blooms' stakeholders, other than workers and suppliers.
[2]
Customers and Community
c) Identify and explain two likely business objectives of Blooms when the business was first established. [4]
A business objective simply refers to the results that a business wants to achieve. Having a business objective is vital for a business.
It should be noted that business objectives are the measurable results that a business hopes to maintain as the business grows.
The examples of A and A Blooms' stakeholders apart from the workers and suppliers will its shareholders and customers. Stakeholders are affected by the decisions taken by a business.
The two likely business objectives of Blooms when the business was first established include profit maximization and cost minimization.
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product, price, place, and promotion are the four elements in the
Answer: Marketing Mix
Explanation:
what importance does the stationery and information sources play in the effective and efficient Operation of an organization?
Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "the source of quality and quantity data on the production input."
Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:
It serves as the place to gather data about the strengths and weaknesses of the firms.It is also the source to gather the information opportunities and threats of the organizations.It is also a source of keeping records of finance, employees, success, and failures of the firms.Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.
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If+d+0+=+$1. 75,+g+(which+is+constant)+=+3. 6%,+and+p+0+=+$32. 00,+what+is+the+stock's+expected+total+return+for+the+coming+year?.
Answer:
$ 102 . 33
Explanation:
jana has agreed to borrow $4,000 through a Subsidized Direct Loan to pay her freshman tuition. When she receives the loan, how much will she get
Answer: $3,957.64
Explanation:
All Direct Loans have a 1.059 percent fee which is deducted from the amount of the loan, up front. This means that Jana's fee is $42.36 ($4,000 x .01059). Therefore, she will only receive $3,957.64.
While workers in the United States are more task oriented and require information to do their jobs, workers from Korea are more motivated by strong relationships and developing trust to do the same job. That is because Korea is a ______ context culture and the U.S. is a ______ context culture.
Considering the situation described above, it is concluded that Korea is a High context culture, and the U.S. is a low-context culture.
A high context culture is a type of culture that is characterized by collectivism and an implicit form of communication.
On the other hand, a low context culture is a type of culture that is associated with direct verbal interaction and individualism.
It is no secret that the United States promotes individualism or independence as a society which is a form of low context culture. In contrast, the Korean culture promotes stability and group relation, which is a form of high context culture.
Hence, in this case, it is concluded that Korea has high context culture while the United States has a low-context culture.
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When Jose compares his input/output ratio with that of his co-workers, he is satisfied that he is being treated fairly. What is Jose most likely to do as a result
How is federal income tax calculated on a paycheck.
Answer:
Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.
Explanation: