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ivolga24 [154]
3 years ago
7

Mary promises to give her car to her friend. the friend sells his current car for a fairly low price because he is expecting to

get a nearly new car from his rich and generous friend, fred. mary changes her mind and decides to keep the car. if the friend sues mary, the court most likely will: require mary to give her friend the car because his sale of his car was consideration require mary to pay damages to the friend for any loss he incurred in connection with mary not keeping her promise not require mary to do anything because this was a gift promise require mary to give her friend the car because mary made an illusory promise
Business
1 answer:
elixir [45]3 years ago
4 0
<span>If the friend sues Mary, the court most likely will not require Mary to do anything because this was a gift promise. In order for a gift promise to be enforceable by the law, it should be a contract. And in order for it to be a contract, there should be a consideration received by Mary but in this case, no consideration was received by Mary therefore, the promise is unenforceable.</span>
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(Chapter Supplement) Irish Industries purchased a machine for $65,000 and is depreciating it with the straight-line method over
denis-greek [22]

Answer:

$4,500

Explanation:

depreciation expense

= [revised cost of asset - salvage value]/[remaining life of the assets]

=  [$39,000 - $3,00]/[8 years]

= $4,500

Therefore, The Depreciation expense for Year 6 is $4,500.

3 0
3 years ago
At a meeting to announce a merger with another company, which of the following buzzwords is a business leader MOST likely to use
lora16 [44]

Answer: The buzzword to be used is <u>synergy</u>

<u>Explanation:</u>

Synergy means that two or more than two organisations combine their efforts. They decide to cooperate with each other so that they can produce better results compared to what they produce when they are separate.

When one company decides to merge with the other company, they decide to combine their resources. They take combined decisions so that they can work for their own betterment and to improve the productivity.

6 0
3 years ago
Order: 20,000 units heparin IV in 250 mL to infuse at 25 units/kg/hr. Client weighs 184 lb. How many units per hour will the cli
miv72 [106K]

Answer:

The client will receive 2086.5 units per hour.

Explanation:

This question can be solved by rules of three:

Order

20,000 units heparin IV in 250 mL to infuse at 25 units/kg/hr.

So the number of units per hour that the client will receive is 25 multiplied by his weight, in kilograms.

Client weighs 184 lb.

We have to make the conversion of lb to kg.

Each lb is 0.4536 kg.

So the client weight 184*0.4536 = 83.46kg.

How many units per hour will the client receive?

83.46*25 = 2086.5.

The client will receive 2086.5 units per hour.

6 0
3 years ago
Producers often work to maximize their and make them as large as possible. True or False
dsp73

The correct question should be:

Producers often work to maximize their profit and make them as large as possible. True or False

Answer: True

Explanation:

The aim of every business is to make profit. A producer is into the business of taking raw materials and processing them into finished or semi-finished goods and selling them to make profit.

5 0
3 years ago
Read 2 more answers
The following two graphs show the markets for smartphones in Sweden and Norway. Use the graphs to answer the questions that foll
zalisa [80]

Answer:

Assume there are no transportation costs. With trade, the price of $22.5 brings about balance in exports and imports. At this price, 600 smartphones are traded. With trade, Sweden produces 900 smartphones and consumes 300 smartphones, and Norway produces 300 smartphones and consumes 900 smartphones.

Now suppose the per-unit transportation cost from Sweden to Norway is $5. With trade, the transportation cost changes the price of smartphones in Sweden to $25 and in Norway to $25. Sweden will produce 800 smartphones and consume 400 smartphones, thus exporting 400 smartphones. Norway will produce 400 smartphones and consume 800 smartphones, thus importing 400 smartphones.

Explanation:

With no transportation costs, Sweden shall export smartphones and Norway shall import smartphones because the market price is lower in Sweden than in Norway.

The demand and supply functions for smartphones in Sweden, derived from the given values, are:

Q_{D} = 1200 - 40P\\

Q_{S} = 40P

The export supply (ES) equation is:

ES = Q_{S} - Q_{D}

ES = 40P - (1200 - 40P)

ES = 80P - 1200

The demand and supply functions for smartphones in Norway, derived from the given values, are:

Q_{D} = 1800 - 40P

Q_{S} = 40P - 600

The import demand (ID) equation is:

ID = Q_{D} - Q_{S}

ID = 1800 - 40P - (40P - 600)

ID = 2400 - 80P

The equilibrium price and quantity traded is determined where ES = ID.

80P - 1200 = 2400 - 80P

This simplifies to P = 22.5

Q = 2400 - 80(22.5) = 600

Next, a transaction cost of $5 per unit is imposed from Sweden to Norway. This changes the ES function as follows.

New ES = 80(P - 5) - 1200

New ES = 80P - 1600

The new equilibrium is where New ES = MD.

80P - 1600 = 2400 - 80P

This simplifies to P = 25

Q = 80(25) - 1600 = 400

7 0
4 years ago
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