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steposvetlana [31]
1 year ago
11

The Grind coffee shop offers drink cards to purchasers of its gourmet coffees with ten spaces. The cashier punches one space wit

h each coffee purchase. After all ten spaces are punched, the card can be turned in for a free coffee. This is an example of:
Business
1 answer:
Vera_Pavlovna [14]1 year ago
6 0

A unilateral contract
With each cup of coffee purchased, the cashier punches a space. The card can be used to redeem a free coffee once all ten spaces have been punched. This serves as an illustration of a unilateral contract.
-Unilateral contract - A unilateral contract
explicitly states that payment will only be provided in exchange for performance by one side. A prize or a competition is another illustration of a unilateral contract. In a unilateral contract, the offeror has the right to withdraw it prior to the offeree's commencement of performance. Usually, the revocation must be made in writing. An insurance policy contract, which is typically only partially unilateral, is an illustration of a unilateral contract. The offeror is the sole party having a contractual responsibility in a unilateral contract. Most unilateral agreements are one-sided.
Learn more about the unilateral contract on brainly.com/question/3257527
#SPJ4

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Why is it important to seek as much aid as possible through scholarships and grants?
SIZIF [17.4K]

Answer:

The correct answer is letter "B": They are both forms of free money that you will not need to pay back after you graduate.

Explanation:

One of the biggest benefits of grants and scholarships while financing your college expenses is the fact that the amount of money provided for school is not repaid. Compared to college loans that have high-interest rates, <em>there will not be a debt after finishing school</em> with grants and scholarships.

8 0
3 years ago
Dickinson Company has $11,880,000 million in assets. Currently half of these assets are financed with long-term debt at 9.4 perc
Ronch [10]

Answer:

Dickinson Company

a) Effect of each plan on earnings per share:

                                 Current Plan      Plan D          Plan E

Earnings per share        $0.45            $0.36           $0.45

b-1) Earnings per share  $0                $0                 $0.14

b-2. Plan E would be most favorable if return on assets fell to 4.70%.

b-3 Earnings per share      $0.93            $0.70           $0.76

b-4 Current Plan would be most favorable if return on assets increased to 14.4%.

c-1 Earnings per share      $0.45            $0.36           $0.45

c-2 If the market price for common stock rose to $12 before the restructuring, Plan E would then be most attractive to the company as it would get additional paid-in capital of $1,485,000 ($4 * 371,250).

Explanation:

a) Data and Calculations:

Return on assets before interest and taxes = 9.4%

Tax rate = 40%

                                 Current Plan          Plan D            Plan E

Assets                       $11,880,000   $11,880,000   $11,800,000

Long-term debt          5,940,000      5,940,000     2,970,000

New debt                                           2,970,000

Total debt                                          8,910,000

Common stock          5,940,000     5,940,000      8,910,000

Less repurchased shares               (2,970,000)

New common stock                        2,970,000

Interest rate of old debt   9.4%            9.4%               9.4%

Interest rate for new debt                   11.4%

Stock par value              $8                 $8                 $8

Return on assets before

interest and taxes     $1,116,720    $1,116,720       $1,116,720

Interest expense          558,360       896,940          298,180

Return before taxes  $558,360      $219,780       $837,540

Tax rate = 40%             223,344          87,912          335,016

Return after taxes      $335,016      $131,868       $502,524

Shares outstanding    742,500       371,250         1,113,750

Earnings per share      $0.45            $0.36           $0.45

Return on assets falling to 4.70%

Return on assets before

interest and taxes     $558,360     $558,360      $558,360

Interest expense          558,360       896,940         298,180

Return before taxes     $0             -$338,580       $260,180

Tax rate = 40%                0                   0                   104,072

Return after taxes       $0                $0                   $156,108

Shares outstanding     742,500       371,250         1,113,750

Earnings per share          $0                $0                 $0.14

Return on assets increasing to 14.4%:

Return on assets before

interest and taxes    $1,710,720    $1,710,720      $1,710,720

Interest expense          558,360       896,940          298,180

Return before taxes $1,152,360      $431,380     $1,412,540

Tax rate = 40%             460,944        172,552         565,016

Return after taxes       $691,416    $258,828       $847,524

Shares outstanding     742,500       371,250         1,113,750

Earnings per share      $0.93            $0.70           $0.76

Market price for common stock rose to $12 before restructuring:

Return on assets before

interest and taxes     $1,116,720    $1,116,720       $1,116,720

Interest expense          558,360       896,940          298,180

Return before taxes  $558,360      $219,780       $837,540

Tax rate = 40%             223,344          87,912           335,016

Return after taxes      $335,016      $131,868       $502,524

Shares outstanding     742,500       371,250         1,113,750

Earnings per share       $0.45            $0.36           $0.45

6 0
3 years ago
What are five marketing strategies that retailers spend half of their annual budget on?
aalyn [17]

The five marketing strategies includes strategies on 5P's which includes Price, Product, Promotion, Place and People.

The retailers are basically people who sells goods in smaller quantity to the final consumer in the chain of distribution.

The five marketing strategies they spend half of their annual budget on includes on the following:

  • Price: The retailers ensures that prices of their product are reduced below cost price to persuade consumers to buy from them.

  • Product: The retailers need to ensure that varieties of product are available in the stores to satisfy the consumers need.

  • Promotion: Various advertisement and others strategy to persuade consumers needs funds to make successful.

  • Place: The store and outlet need to be where is more favorable and comes with high cost of expenses for the retailers.

  • People; The consumers are given discounts and other incentives to persuade them to come and buy more goods from the retailers.

Learn more about this here

<em>brainly.com/question/14443232</em>

4 0
2 years ago
What is the annual percentage rate (APR) on a credit card? A. The expected return on the credit card company's investments B. Th
Sliva [168]

Answer:

Answer choice C

Explanation:

To be short and to the point, APR literally just means the percent of the money you owe that will receive interest over the course of the year. If you owe $100 on a credit card with 6% APR, then you'll be charged interest for $6 because it's 6%. Your final yearly payment would end up being $106 since the $6 is tacked on. :)

8 0
3 years ago
Read 2 more answers
If the mean time between in-flight aircraft engine shutdowns is 12,500 operating hours, the 90th percentile of waiting times to
Elis [28]
To determine the 90th percentile of waiting times to the next shutdown, we use the formula 
(10)* E[X] = 2.30258509*E[X] 2.30258*12500 =  28782.31 HOURSTherefore, the 90th percentile of waiting times to the next shutdown will be approximately 28782 hours
8 0
3 years ago
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