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Brums [2.3K]
3 years ago
11

1. Which of the following is the most permanent type of business organization?

Business
1 answer:
DerKrebs [107]3 years ago
5 0
1) The most permanent type of business organization is a Corporation.   
     It<span> is a company or group of people or an organisation authorized to act as
     a single entity (legally a person) and recognized as such in law. 
</span><span>2) Quasi-contracts are based on the theory of Equity.   </span><span>A quasi-contract is a
     fictional contract that was created by courts to promote equitable
     treatment. It is not an actual, legally-binding document, but instead a legal
     substitute for a contract that is formed to impose equity between two
     distinct parties. 
3) </span>The object of the contract must be lawful.. T<span>he </span>object<span> of a </span>contract must
     be lawful<span> when the </span>contract<span> is made, and possible and ascertainable by
     the time the </span>contract is to<span> be performed.</span>
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Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by
Simora [160]

Answer: 25%

Explanation:

The annual rate of return is calculated by simply dividing the Annual income by the average investment.

Annual Income

Annual revenues of $133,500

Annual expenses of $76,000

Annual Income = Revenues - Expenses

Annual Income = $57,500

Average Investment

Calculated by dividing the Addition of the beginning and ending (salvage value) Investment figure by 2.

= (449,000+11,000)/2

= $230,000

Annual Rate of return is therefore,

= 57,500/230,000

= 0.25

= 25%

5 0
3 years ago
Francie drives into Gage’s Auto Service and asks Hong, a Gage’s employee, to replace a tire on Francie’s car.
nirvana33 [79]

Answer:

Option B.

Explanation:

An executory contract is one in which unperformed obligations remain on both sides, or one where both parties in a contract have continuing obligations to perform. Therefore is a contract that is made by two parties in which the terms in the contract are to be fulfilled at a later date. The contract shows that both sides still have duties to perform before it will become executed.

For example, contracts for the sale of goods in which the goods have not been delivered by the seller and the buyer has not paid, are executory contracts.

Therefore, as we can see from the scenario above, the contract is executory because, although Hong has replaced the tire, Francie is yet to pay, therefore, Francie has not performed her pert in the contract, making it an executory contract.

7 0
3 years ago
A firm's profit function is pi (q) = R(q) = C(q) = 40q - (110 + 20q + 10q^2). What is the positive output level that maximizes t
Lena [83]

Answer:

<em>Therefore the output level at which the firm's profit is maximized is = -100.it indicates a loss</em>

Explanation:

<em> Given that,</em>

<em> the firm's profit function, </em>

<em>  (q) = 40q - (110 +20q +10q^2) </em>

<em> The Profit is maximised by taking the first formula of the profit function with respect to. q and putting it equal to 0, (first order condition). This gives us, </em>

<em> dπ (q)/dq = 40 - 20 - 20q = 0 </em>

<em> The  variable cos of the firm's average is , AVC= 20 +10q. At q=1, AVC= 30. </em>

<em> Since AVC is less the price, then the firm will function in the short run. </em>

<em> (since TR= 40q and q=1, therefore p=40). </em>

<em> It gives q=1 </em>

<em> At q=1, revenue = 40, total cost= 140, therefore maximum profit = -</em>

7 0
3 years ago
Mary buys an annuity that promises to pay her $1,500 at the end of each of the next 20 years. The appropriate interest rate is 7
alina1380 [7]

Answer:

PV= $15,291.74

Explanation:

Giving the following information:

Annual cash flow= $1,5000

Number of years= 20

Interest rate= 7.5%

To calculate the present value, first, we need to determine the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {1,500*[(1.075^20) - 1]} / 0.075

FV= $64,957.02

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 64,957.02/(1.075^20)

PV= $15,291.74

7 0
3 years ago
David ricardo believed that:
inessss [21]
Trade will benefit countries when it generates gold and silver for the national treasury.
5 0
4 years ago
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