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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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In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in
NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

= \frac{6}{100} * 2,190,000 = $131,400

To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= \frac{6}{100} * 1,295,000 = $77,700

3 0
3 years ago
When companies follow the key factors of Corporate Social Responsibility, a __________ usually results, thus __________.
KengaRu [80]

Answer:

positive public image, attracting more customers

Explanation:

7 0
2 years ago
Sthilaire Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.52 direct la
Fed [463]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit of output requires 0.52 direct labor-hours. The direct labor rate is $9.00 per direct labor-hour. The production budget calls for producing 1,700 units in April and 1,600 units in May. The company is committed to paying its direct labor workforce for at least 960 hours a month.

We need to calculate the total number of hours required each month.

April:

Direct labor hours= 1,700 units* 0.52= 884 hours

Total cost= 960 hours*$9= $8,640

May:

Direct labor hours= 1,600 units* 0.52= 832 hours

Total cost= 960 hours*$9= $8,640

3 0
3 years ago
Explain the reasons why risk management might increase the value of a corporation?
vlada-n [284]

Explanation:

Risk management is to increase a firm ’s profitability;

(1) Raise all use of borrowing by them.

(2) Preserve their optimum budget for resources in accordance.

(3) Reduce potential distress-related expenses.

(4) Make use of their comparable liquidity advantages compared to the individual's liquidity capacity.

7 0
3 years ago
A company uses LIFO. At the beginning of the current year its inventory was $200,000, and at the end of the current year its inv
andriy [413]

Answer:

FIFO ending inventory = $290000

Explanation:

given data

current year inventory = $200,000

end of the current year inventory = $250,000

start of the year LIFO reserve = $30000

end of the year  LIFO reserve = $40,000

solution

LIFO reserve is difference between inventory using LIFo and inventory using FIFO

so

FIFO ending inventory = LIFO ending inventory + LIFO reserve ...............1

put her evalue we get

FIFO ending inventory = $250000 + $40000

FIFO ending inventory = $290000

7 0
3 years ago
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