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Dovator [93]
2 years ago
7

A brief description of the contract and the parties involved

Business
1 answer:
frutty [35]2 years ago
7 0

An agreement, which is backed by the mutual acceptance of a valid offer for a legal activity, is known as a contract. The persons who are entering into such a contract are parties to the contract.

<h3>What is contract?</h3>

A contract between two or more parties is said to be legally binding, when there is a mutual acceptance and agreement between the parties, where both the parties have the capacity to fulfill the agreement for a predetermined consideration.

Hence, the significance of contract is aforementioned.

Learn more about a contract here:

brainly.com/question/2669219

#SPJ1

You might be interested in
Ring Company designs and builds jewelry. During June it had applied overhead of $120,000. Overhead is applied at the rate of 75%
igomit [66]

Answer:

4.500

Explanation:

According with the information say that the $120.000 correspond to overhead to the rate of 75% of direct labor force, so you have to calculate the portion that is directed to the direct labor cost:

Direct labor cost: $120.000 * 75%

Direct labor cost: $ 90.000

Now you know that the average wages per hour of the direct labor force is $20. Now you have to divide the direct labor cost by the average salary per hour to calculate the number of hours worked in June.

Number of hours = $ 90.000/$20

Number of hours = 4.500  

3 0
3 years ago
true or false: if prices change in a way that leaves the overall price level unchanged, then no one is made better or worse off.
Westkost [7]

It is false that If prices change in a way that leaves the overall price level unchanged, then no one is made better or worse off.

<h3>What is a relative price?</h3>

A relative price can be described as the ratio of two prices or the price of a good or service in relation to another.

In general, when prices change relative to one another, some people do better and others do worse, even while the total level of prices remains the same.

Therefore, it is false that no one benefits or suffers when prices fluctuate in a way that keeps the total level of prices constant.

Learn more about the price here: brainly.com/question/15397404.

SPJ12

5 0
2 years ago
The Rose Co. has earnings of $1.40 per share. The benchmark PE for the company is 15. What stock price would you consider approp
77julia77 [94]

Answer:

$21

Explanation:

The earning per share of Rose Co. is $1.40

The benchmark PE of the organization is 15

We are required to find which stock price would be most appropriate

Therefore, the stock price can be calculated as follows

Stock price= Benchmark PE×Earning per share

= $1.40×15

= $21

Hence the stock price that would be considered appropriate is $21

5 0
4 years ago
jermey owns his own business and has excellent management skills. he is very detail oriented, organized, knows how to follow a s
Shtirlitz [24]

Answer:

Jeremy should consider hiring an experienced and creative marketing team. Every product is brought into the market through the efforts of the market team. It is the responsibility of the sales and marketing team to carry out market analysis and come with creative ideas to reach the target market.

For Jeremy to increase sales and his connection with the customer base, he needs to work on establishing a sales and marketing department whose sole focus would be to convert his plans into effective actions.

6 0
3 years ago
P5-18 Calculating deposit needed. You put $10,000 in an account earning 5%. After 3 years, you make another deposit into the sam
goblinko [34]

Answer:

$4877.80

Explanation:

The computation of amount of the deposit at the end of year 3 is shown below:-

Future value = Present value × (1 + Rate of interest ÷ 100)^number of years

$20,000 = 10,000 × (1 + 5 ÷ 100)^7 + Deposit at end of year 3 × (1 + 5 ÷ 100)^4

$20,000 = 10,000 × (1.05)^7 + Deposit at end of year 3 × (1.05)^4

$20,000 = 14071.00423  + Deposit at end of year 3 × (1.05)^4

Deposit at end of year 3 = ($20,000 - 14071.00423 ) ÷ (1.05)^4

= $5928.995773  ÷ 1.21550625

= $4877.799496

or

= $4,877.80

We simply applied the above formula to find out the amount of deposit at the year 3 end

3 0
3 years ago
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