Answer:
The correct answers are: 1. voidable, 2. capacity, 3. consent
Explanation:
For a contract to be legally valid, the concurrence of three essential requirements or elements is required, which are: the consent of the contracting parties, the true object that is the subject of the contract and the cause of the obligation to be established.
The consent is the manifestation of will of the parties, consisting of the concurrence of the offer and its acceptance, on the object and the cause of the contract. Any consent given by error, violence, intimidation or intent is void.
The purpose of the employment contract is the provision of paid services for others. Services contrary to laws or good customs, nor those that are outside the trade of men, cannot be subject to the contract.
Example: The provision of prostitution or drug trafficking services cannot be the subject of the employment contract.
The shifts in the demand curve directly affect the demand for labor for the toy manufacturer which means the rightward shift in the demand curve requires more labor whereas the leftward shift requires less labor.
<h3>What do you mean by labor?</h3>
Labor also called human labor is the workforce who are engaged in the production of a product. The requirements of the labor totally depend on the demand for the product.
When the demand curve shifts toward the right that means the demand for the toys getting increases which leads to more requirements for human labor and when the demand curve moves towards the left, this means a decrease in demand for toys which results in lesser requirements for human labor. This shows a direct effect on the manufacturer of toys regarding the demand for labor.
Therefore, the changing of shifts will affect the manufacturer's demand for labor in a direct manner.
Learn more about the demand curve in the related link:
brainly.com/question/1915798
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Answer:
1.50
Explanation:
The debt coverage ratio shows the extent to which the property is generating income in a bid to pay its debt service charge, it is computed using the below DSCR formula
DSCR= net operating income (NOI)/Debt service
net operating income (NOI)=$150,000
Debt service=interest expense or finance charge in the year=$100,000
DSCR=$150,000/$100,000
DSCR=1.50
The property in question is generating income that is 1.5 times its debt servce yearly
Answer:
The cost of product transferred to Finished Goods Inventory is $450,100
Explanation:
The computation of the cost of the product transferred to Finished Goods Inventory is shown below:
= Beginning Work in Process Inventory + direct material + direct factory payroll + overhead cost - Ending Work in Process Inventory
where,
Direct material = Total material - indirect material
= $211,000 - $34,800
= $176,200
Direct factory payroll = Total factory payroll - indirect labor
= $159,600 - $44,800
= $114,800
Overhead cost = 150% of direct labor cost
= 150% × $114,800
= $172,200
The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $17,100 + $176,200 + $114,800 + $172,200 - $30,200
= $450,100
Answer:
A. Shift the supply of cars out and to right, decreasing the equilibrium price of cars, but increasing the equilibrium quantity.
Explanation:
The effect of technology on supply is that it will shift supply to the right. As cost of production reduces, producers can have more output at the same cost.
There will be excess supply (surplus), so customers will pay less for the product.
The equilibrium quantity will also increase as more cars are available in the market.
This is illustrated in the attached diagram. Equillibrum price reduces from P1 to P2. The equillibrum quantity increases from Q1 to Q2.
Government can influence cost of production through taxes, regulations and subsidies. Therefore they also influence shift of supply curve.
