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saw5 [17]
4 years ago
7

A woman who can neither speak nor read English purchases a stereo system from a local electronics store. Although the stereo is

advertised for $450, the store owners charge the woman $10,000. A court would most likely consider this transaction:
Business
1 answer:
katrin [286]4 years ago
8 0

Answer:

an unconscionable contract

Explanation:

Unconscionable contracts are contracts that are considered so unjust, unfair and one-sided that they shock the conscience. This type of contracts are usually voidable and not enforceable.

In this case, the seller had the superior bargaining power, because the other party didn't speak English, and took advantage of that position to make an extremely unfair deal. A court would void this transaction.

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Andrea won the Miss Illinois beauty pageant the year she graduated from college. Knowing this, the amount of money she will earn over the course of her adult lifetime is most likely to be MORE THAN that of her peers.

Since she has already won a beauty pageant, it is absolutely clear that she will ear more money than her peers. She will be a unique student among her peers. She might be offered modelling or ad films because of her victory.
5 0
3 years ago
At a business meeting, mr. smith is asked his opinion about a company proposal to give bonuses to workers who go above and beyon
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3 years ago
Read 2 more answers
The closing entry process consists of closing:A)all asset and liability accounts.B)out the Retained Earnings account.C)all perma
allochka39001 [22]

Answer:

D.) All the temporary accounts

Explanation:

The closing entry process closes or "zeroes out" the temporary accounts and transfer their balances to the retained earnings account.

Theses temporary accounts are closed or reset at the end of every year. Companies also call this as the closing of the books.

Temporary accounts includes:

1. Revenue & Gain Accounts

2. Expenses & Losses Accounts

3. Dividends & Withdrawal Accounts

4. Income Summary accounts (if used)

8 0
3 years ago
On average, a person with a bachelor's degree earns
Georgia [21]

Answer:

B

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5 0
3 years ago
Current ratio of 3.4 and an acid-test ratio of 2.8. The corporation's current assets consist of cash, marketable securities, acc
Sav [38]

Answer:

$30,000

Explanation:

The computation is shown below:

As we know that

Current ratio = Current assets ÷ Current liabilities

Current assets = 3.4 × Current liabilities

Now the

Acid-test ratio = Quick assets ÷ Current liabilities

2.8 = Currents assets - inventory  ÷ Current liabilities

2.8 = 3.4 × Current liabilities - $18,000 ÷ Current liabilities

2.8 × Current liabilities = 3.4 × Current liabilities - $18,000

After solving this, the current liabilities is $30,000

7 0
3 years ago
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