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zubka84 [21]
2 years ago
7

Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of an

swer choices void voidable unenforceable bilateral unilateral
Business
1 answer:
alexira [117]2 years ago
8 0

It is an example of unilateral contract.

A unilateral contract expressly states that payment will be made solely via the performance of one party.

A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.

In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.

Therefore, the answer is unilateral contract.

To know more about unilateral contract click here:

brainly.com/question/4344590

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Mackenzie's dream is to open a chain of salons. She hopes to attract investors to help finance growth. Having once considered fo
CaHeK987 [17]

Answer: <em>Limited Liability Company</em>

Explanation:

Limited liability company also known as LLC is referred to as the United States specific type of private limited organization. It is referred to as a business structure or component that tends to combine or mix pass-through taxation for a sole proprietorship or a partnership with the tendency of a limited liability of an organization. A LLC is not an organization under the state law, it is referred to as a legal type of an organization that tends to provide a limited liability to the owners in several jurisdictions.

5 0
3 years ago
Sophia Company purchased equipment costing $120,000. The equipment has a residual value of $20,000 and an estimated useful life
mixer [17]

Answer:

Year 1 : $20000

Year 2 : $460000

Explanation:

Year 1 calculation:

120000-20000/50000*10000 =$20000

Year 2 calculation:

120000-20000/50000*23000=$46000

8 0
3 years ago
Carolina Hills Manufacturing has two processing departments, Department I and Department II. During the year, direct materials w
Taya2010 [7]

Answer:

Journal Entry to record the transaction

Dr. Work in Process Department I          $280,000      

Dr. Work in Process Department II         $300,000      

Dr. Manufacturing Overhead                  $8,000

Cr. Material Inventory                               $588,000

Explanation:

The direct material is charged to the work in process account, because it is an direct expense and all the direct expenses are charged to the work in process account like indirect material, indirect labor etc.

The indirect material is charged to manufacturing overhead account because all the indirect expenses are charged to the manufacturing overhead account like indirect material, indirect labor etc.

These inventories are issued from the material inventory, so to deduct the issued value from the material inventory account, the total value of direct and indirect issuance is credited to record the effect.

7 0
3 years ago
Joe must pay liabilities of 1,000 due one year from now and another 2,000 due three years from now. There are two available inve
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Answer:

1. 2,584

Explanation:

future payments: $1,000 in 1 year and $2,000 in 3 years

the present value of alternative I (one year bond):

$1,000 / 1.06 = $943.40

the present value of alternative II (first 2 years and then 1 year):

$2,000 / 1.065 = $1,877.93 ⇒ PV at year 2

PV at year 0 = $1,877.93 / 1.07² = $1,640.26

the total present value of both options = $943.40 + $1,640.26 = $2,583.66 ≈ $2,584

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3 years ago
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