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dmitriy555 [2]
10 months ago
13

while the washington family was gone for the weekend, their home was broken into and robbed. manny, a professional boxer who liv

ed next door, saw the thief, apprehended him, and forced him to return the stolen possessions. when the washingtons returned, mr. washington told manny that he would give him $5,000 for his efforts. the next morning, mr. washington gave manny a check for $2,000. what result? question 18 options: mr. washington broke his contract with manny. manny would lose if he brought a suit against mr. washington because manny's actions would be a past consideration. the bargained-for-agreement obligated mr. washington to pay the boxer $5,000. mr. washington would lose if manny brought a suit against him to recover the amount based on promissory estoppel.
Business
1 answer:
Kisachek [45]10 months ago
3 0

Manny's acts would be a past factor in any lawsuit he filed against Mr. Washington, so Manny would lose. Filipino boxer Manny Pacquiao competed as a professional from 1995 until 2021. regarded as one of the greatest professional boxers ever by boxing historians...

<h3>Where does Manny stand historically?</h3>
  • On ESPN's list of the top boxers, pound-for-pound, over the past 25 years, Pacquiao was placed second in 2016. Pacquiao is ranked by BoxRec as the third-best boxer of all time, pound for pound, and as the best Asian boxer ever.
  • A boxer who has won major world championships in eight different weight divisions is known as an octuple champion. The only boxer in history, Manny Pacquiao, has won twelve major world championships in just eight years.

To learn more about Manny pacquiao refer to:

brainly.com/question/28774013

#SPJ4

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Flora, who owns and operates garden fresh organic farms, agrees to sell harvesters grocery a minimum quantity of fresh fruits an
Rina8888 [55]
<span>Breached. Explanation: A contract is a legally binding agreement between two parties. Once an agreement is signed between two parties, both parties are subject to terms and conditions written in the agreement. As in the above example, Flora agrees to sell harvesters grocery a minimum quantity of fresh fruits and vegetables every week for three months, that means Flora is subject to the agreement that she will sell that no matter what the future market price will be, whether it increases or decreases. As Flora decides not to deliver the agreed order, it is a violation of terms and conditions of the agreement/contract. So the contract is breached.</span>
7 0
3 years ago
None of the houses that Frank Lloyd Wright built in the Prairie Style actually stood on the prairie, though the drawings in the
Vikentia [17]

Answer:

C. works show the buildings

Explanation:

5 0
3 years ago
Whiteside Corporation issues $500,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, th
umka2103 [35]

Answer:

$468,844 approx.

Explanation:

<u>Assumption</u>: <u>Since the question is incomplete, with the available information it has been construed that calculation of bond price is required and the question has been solved accordingl</u>y.

The price of a bond is the present value of future cash receipts it generates to the investor in the form of interest stream and principal stream.

B_{0} = \frac{i}{(1\ +\ ytm)^{1} }\ +\ \frac{i}{(1\ +\ ytm)^{2} }\ +.....+\frac{i}{(1\ +\ ytm)^{n} } \ + \frac{RV}{(1\ +\ ytm)^{n} }

wherein,

B_{0} = price of bond as on today

i = annual coupon payments

ytm= investor's expectation of interest or market rate of interest on similar bonds

RV = Redemption value of such bonds assumed to be the face value

n = term to maturity

B_{0} = \frac{22500}{(1\ +\ .05)^{1} }\ +\ \frac{22500}{(1\ +\ .05)^{2} }\ +.....+\frac{22500}{(1\ +\ .05)^{20} } \ + \frac{500000}{(1\ +\ .05)^{20} }

B_{0}= 12.46221  × 22,500 + 0.376889 × 22,500 = 280,399.725 + 188444.5

B_{0} = $468,844 approx

This is the present value of the bond which is lower than it's face value because market rate of return of similar bonds is higher than the coupon rate of payment by Westside Corporation.

6 0
3 years ago
Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receiv
Setler79 [48]

Answer:

71.57 days

Explanation:

For computing the average collection period first we have to determine the account receivable turnover ratio which is shown below:

Account receivable turnover ratio = Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($75,000 + $83,000) ÷ 2

= $79,000

And, the net credit sale is $403,000

Now put these values to the above formula  

So, the answer would be equal to  

= $403,000 ÷ $79,000

= 5.10 times

Now

Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 5.10 times

= 71.57 days

5 0
2 years ago
Ray Stokes is raising capital for a new company called NO Balloons Inc. NO Balloons will manufacture and sell festive balloons.
Sergeeva-Olga [200]

Answer:

NO Balloons' WACC = 7%

Explanation:

WACC = Weighted average cost of capital

The weighted average cost of capital (WACC) refers to calculation of a firm's cost of capital in which each category of capital is proportionately weighted. All sources of capital, including <u>common stock</u>, <u>preferred stock</u>, <u>bonds</u>, and <u>any other long-term debt</u>, are included in a WACC calculation.

<u>Respective calculation of WACC:</u>

<u>Step 1: Calculate the value of equity:</u>

Number of shares = 12 million

Share price = $19.5 per share

Value of equity = 12 million shares * 19.5/share = $234 million  (A)

<u>Step 2: Calculate the value of debt: </u>

Bonds = 200,000

Value of debt = 200,000 bonds * 1000 face value/bond * 89% sale price = 178 million  (B)

<u>Step 3: Calculate the firm value:  </u>

Total firm value (A+B) = 234 + 178 = 412 million

<u>Step 4: Calculate the weight of equity: </u>

Dividing the value of equity to total firm value:

Weight of equity = 234 / 412 = 0.5680

<u>Step 5: Calculate the weight of debt: </u>

Dividing the value of debt to total firm value

Weight of debt = 178 / 412 = 0.4320

<u>Step 6: Calculation of WACC :</u>

WACC = weight of equity * cost of equity + weight of debt * cost of debt = 0.5680 * 9.275% + 0.4320 * 4% = 7%

7 0
3 years ago
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