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2 years ago

Guido and hal want to rescind their contract under which guido sold hal a mountain bike for $100. To rescind the contract.

Business

1 answer:

True [87]2 years ago

8 0

Guido must return the $100 and Hal and must return the bike.

What does it mean to rescind the contract?

Cancellation of a contract.

Rescission may be unilateral, as when a party rightfully cancels a contract because of another party's material breach.

Rescission can also be mutual, as when the contracting parties agree to discharge all remaining obligations.

What is an example of rescind?

Rescind is defined as to cancel or make something void.

An example of rescind is someone calling off their wedding. verb. 2. To cancel a contract, whether unilaterally or by mutual agreement and restore both parties to status quo ante (the positions they would have been in if the contract had never existed).

Learn more about rescind here:

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The Shoe Box is considering adding a new line of winter footwear to its product lineup. When analyzing the viability of this add

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Answer:

D)the research and development costs to produce the current winter footwear samples.

Explanation:

Research and development costs associated with the current winter footwear samples will not impact the performance of the proposed new line.

When analyzing the viability of the new product line up, the company should only consider the projected expenses and revenues arising from the project. A project is viable if its benefits outweigh its shortcomings. One way of establishing viability is by doing a cost-benefit analysis.

For the Shoe Box company, the new project line may have some effects on the sales of current products. The new projects will demand new counters. The company must also consider expected revenues and taxes. All these have elements of cost and benefits directly associated with the proposed product line.

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3 years ago

You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.

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Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

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3 years ago

You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent for 8 years, and then earn an annual rate of

NeTakaya

Answer:

Future value at the end of 19 years =$63,637.94

Explanation:

<em>The Future value (FV) of an investment is the total amount (principal plus interest) that will accumulate in the future where interest is paid and compounded at a particular rate per period for a certain number of periods.</em>

This can be done using the formula below

FV = PV × (1+r)^(n)

FV- Future Value

PV- amount invested, n- number of years, r - interest rate

The amount due after 19 years would be determined in two steps

Step 1: FV of 24,500 at 5.5% for 8 years

FV = 24,500× (1+0.055)^8 =37,599.819

Step 2 : FV of 37599.81962 invested for 11 years at 4.9% p.a

FV = ? P=37,599.81, n- 11, r- 4.9%

FV = 37,599.81 × (1.049)^11= 63,637.94

Future value at the end of 19 years =$63,637.94

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3 years ago

Identify which principle applies to each scenario by placing the appropriate label next to each scenario.

tatyana61 [14]

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