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Aleks04 [339]
3 years ago
10

Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans

the house by noon on Saturday and Valerie pays the $75, then this is an implied, bilateral, executory contract.
True / False.
Business
1 answer:
LekaFEV [45]3 years ago
8 0

Answer: False

Explanation:

An implied contract is when two or more parties have no written contract, but there is an obligation based on fairness. A bilateral contract is an agreement between two parties whereby each person agrees to fulfill his or her side of the bargain

An executory contract is a contract which has not yet been fully performed and both sides still have important performance remaining. The contract is not an implied, bilateral, executory contract.

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Despite its name, Choco Central is located in a small shopping center far from customers. However, the company enjoys outstandin
Andrew [12]

Answer:

Word of Mouth

Explanation:

As per the question company is enjoying its own business with the help of satisfied customers and customers are sharing their experience with the company because the Choco Central is a branded company and whoever (customer) is enjoying the brand tells their family, friends, and their relatives. So, automatically the company publicity is on top with the help of satisfied customers and providing the premium quality.

Therefore, the advertisement of the Choco Central is getting publicity from the customers through word of mouth.

3 0
3 years ago
When the weighted average cost method is used in a perpetual inventory system, a weighted average unit cost for each item is com
Julli [10]
D. >each time a purchase is a made
4 0
2 years ago
1. Two methods of accounting for uncollectible accounts are the a. direct write-off method and the allowance method b. allowance
n200080 [17]

Two methods of accounting for uncollectible accounts are the direct write-off method and the allowance method.

<u>Explanation:</u>

Direct written-off method:

Here, the charging of bad debts in expense only when individual invoices are identified as uncollectible.

Allowance method:

Here, an estimate of future value of bad debt is charged in reserve account after a sale is completed.

<em>Difference between direct write-off method and the allowance method:</em>

Accuracy: The accurate amount of the bad debt expense is noted under direct write-off method as specific invoice is being noted, while only approximate value is charged off under allowance method.

Timing: The bad debt expense identification is delayed under direct write-off method, while it is quick under the allowance method.

Receivable line item: It is low under allowance method, since reserve is being evaluated against receivable amount.

5 0
3 years ago
Read 2 more answers
A company issues $5,000.00 bonuses at the end of the year to all employees who earn less than $100,000. Salary and bonus are bot
LekaFEV [45]

Answer: C.

If (salary < 100000)

Bonus = 5000;

Explanation:

Salaries attached to each employee are already in the data. Since only workers earns salary less than 100000 are eligible for the bonus, the if statement checks the salary amount assigned to each worker, if the salary is greater than or equal to 100,000 , the loop terminates and the second line isn't executed. However, if the worker's salary is less than 100,000, the second line is executed which is to assign a 5000 bonus to the worker's earning. The dollar sign should be excluded as it could alter the data type. And the == sign is used to test for equality and not assignment.

7 0
4 years ago
When one firm is able to dominate the market and no other firm is able to enter the market, a(n) ______________ has formed.
matrenka [14]
B. Monopoly is the correct answer
3 0
3 years ago
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