1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Help! Which tasks commonly are performed in Management and Entrepreneurship jobs? Check all that apply.
quester [9]

Hello There! The Answer to this problem is: B, C, E, G

Explanation:

3 0
2 years ago
Read 2 more answers
Which of the following are true statements about T-bills? I. T-bills typically sell in denominations of $10,000 II. Income earne
lakkis [162]

Answer:

iii.Income earned on T-bills is exempt from state and local taxes.

Explanation:

Some staes might require that require that income earned from T-bills be reported regardless of the tax exempt status.

7 0
3 years ago
Lang Warehouses borrowed $178,960 from a bank and signed a note requiring 8 annual payments of $28,819 beginning one year from t
yan [13]

Answer: 6%

Explanation:

The annual payments can be considered to be annuity payments as they are constant. The amount borrowed can be considered the present value of the annuity.

Present value of annuity = Annuity * Present value interest factor of annuity, 8 years, %?

178,960 = 28,819 * Annuity factor

Annuity factor = 178,960 / 28,819

= 6.20979

To find out the interest rate, look at the Present Value of Annuity table and go to the 8 period column. Look for 6.20979. The interest rate that intersects with this factor is the interest rate implicit in this agreement.

That rate is 6%.

4 0
2 years ago
g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of
Brums [2.3K]

Answer:

The value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory is:

$486,000.

Explanation:

a) Data and Calculations:

Net asset value of Satisfactory = $1,944,000 on acquisition date

Stake purchased by Perfection = 25%

25% of the net asset value of Satisfactory = $486,000 ($1,944,000 * 25%)

b) There is no goodwill arising from the investment in Satisfactory.  The equity method will be used to account for the investment in the Satisfactory.  The Equity Method involves recording the investment in an associated company like Satisfactory when Perfection's ownership interest in Satisfactory is valued at 20–50% of the net assets.

5 0
2 years ago
Only one commercial bank in the banking system has an excess reserve, and its excess reserve is $400,000. This bank makes a new
Zarrin [17]

Answer:

money supply will increase by 2,400,000

Explanation:

the expansion f the money supply will be:

the money multiplier will be:

1/reserve ratio = 1/0.125 = 8

300,000 x 8 = 2,400,000

The reasoning for the multiplier effect is the following:

once the money is received, it will be used, and the person who receive the cash will deposit their proceeds.

This amount, can generate a new loan for, the remainder after subtracting the required reserve.

300,000 - 12.5% = 262,500

And this, once used will also end in a deposit. This opens the posibility for another loan, after reducing the reserve

262,500 - 12.5% = 229,687.5‬

This can be reapeat again and again and the limit for this is the formula state above:

multiplier effect = 1/reserve ratio

5 0
3 years ago
Other questions:
  • Stanley is responsible for performing a variety of human resource activities such as posting job openings and reporting current
    14·2 answers
  • If 75 percent of the employees of a certain company take a winter vacation, 40 percent take a winter and a summer vacation, and
    12·1 answer
  • When supply and demand meet at the equilibrium point, prices in the market will:____________.
    7·1 answer
  • The United States is able to experience economic growth to the extent that
    8·2 answers
  • In a certain country, income tax is assessed as follows. There is no tax on income up to $10,000. Any income over $10,000 is tax
    13·1 answer
  • Cash flow to stockholders is defined as: A) the total amount of interest and dividends paid during the past year. B) the change
    10·1 answer
  • Which type of business is owned by an individual?
    14·1 answer
  • Students in the United States consistently score ________ on international assessments of mathematics and science than do studen
    13·1 answer
  • Linda, a manager at Addoso Inc., is writing a proposal on how a new work benefit will affect employees' attitude toward their jo
    6·2 answers
  • Shiny Industries producers of crab meat can issue perpetual preferred stock at a price of $31.86 per share. The stock would pay
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!