<u>Solution and Explanation:</u>
A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.
Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.
Valid contract: The elemenst of valid contract must be seen.
Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.
hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.
The demand for his hot dogs will decrease. This is because Andrea is selling things at a better price than Jeff, and Mark and his friends would probably like to try something different than hot dogs.
Answer: Option (B) is correct.
Explanation:
Correct option: The marginal utility from consuming good A will be lower than before.
This due to the law of diminishing marginal utility. When the price of good A falls as result consumer will buy more quantity of good A. But according to the law of diminishing marginal utility, as the consumers consumes more and more quantity of good, the utility derived from an additional unit goes on diminishing.
Therefore, the marginal utility from consuming good A will be lower than before.
Answer:
c. how the firm has financed its assets as well as the firm’s ability to repay its long-term debt.
Explanation:
The Total Debt to Total Capital ratio is also known as the Debt to Equity Ratio. This ratio shows how much foreign money is used by the Company. Also important, it reveal the firms ability to repay its long term debt.
Answer:
B. Cost of goods sold will be too low by $5,000.
Explanation:
Overstatement in closing inventory has two effects. First in income statement, that the cost of goods sold is decreased by the same amount that is overstated. Second is overstatement of Inventory value in the asset section of balance sheet. According to the given scenario The effect of this event should be as cost of goods sold will be too low by $5,000.
