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3 years ago

What is required to have a legally valid contract?

2 answers:

7 0

<span>D.) The contract must represent a valid agreement between parties and an exchange of something of value between parties must have occurred or been promised to occur.</span>

kykrilka [37]3 years ago

4 0

The answer is: D. The contract must represent a valid agreement between parties and an exchange of something of value between parties must have occurred or been promised to occur.

To be valid, the agreement must be made voluntarily by all the parties involved. (noone was forced to sign the agreement under threat). The contract also need to completely specify in writing the responsibilities from each parties along with the obligations that they have to do to one another.

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Transactions for Jayne Company for the month of June are presented below.

sesenic [268]

Answer:

below

Explanation:

3 0

3 years ago

Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $

rusak2 [61]

Answer: B) $13.89 per share

Explanation:

In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.

Total assets = 750 million

Total liabilities = 125 million

Current shares outstanding = 45 million

(750 million - 125 million)/45 million =13.89

3 0

3 years ago

New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery fo

spayn [35]

Answer:

The balance in the accumulated depreciation account at the end of the second year is $146,000.

Explanation:

Straight line method charges a <u>fixed depreciation charge</u> on the asset during its period of use.

Depreciation Expense (Straight line) = Cost - Residual Amount ÷ Estimated Useful life

= $778,000 - $48,000 ÷ 10

= $73,000

Therefore, for each year, a depreciation expense of $73,000 is charged to profit an loss.

Accumulated Depreciation Calculation :

Depreciation Expense : Year 1 $73,000

Depreciation Expense : Year 2 $73,000

Total Expense $146,000

5 0

3 years ago

Margarite's Enterprises is considering a new project that will require $345,000 for new fixed assets, $160,000 for inventory, an

atroni [7]

Answer:

NPV = (53,222.44)

Explanation:

Net fixed asset 345,000

Working capital

160,000 inventory + 35,000 Ar = 195,000

short term deb (110,000)

net working capital 85,000

Total investment 430,000

salvage value 345,00 x 25% = 86,250

release of the working capital 85,000

Cash flow at end of project 171,250

annual cash flow

sales 550,000

cost (430,000)

depreciation 69,000

EBT 51,000

tax expense 35%

(17,850)

net income 33,150

+ dep 69,000

cash flow 102,150

Now we calculate the present value of the net cash flow and the present alue fothe end of the project

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 102150

time 4

rate 0.15

$102150 \times \frac{1-(1+0.15)^{-4} }{0.15} = PV\\$

PV $291,636.04

$\frac{Principal}{(1 + rate)^{time} } = PV$

Principla (sum of salvage and released Working capital 171,250.00

time 5.00

rate 0.15

$\frac{171250}{(1 + 0.15)^{5} } = PV$

PV 85,141.52

NPV = 291,636.04 + 85,141.52 - 430,000 = (53,222.44)

6 0

3 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of ch

IgorC [24]

Answer:

price level fall and value of money is rises

Explanation:

given data

one year basket costs = $10.00

two year two basket costs = $9.00

one year buy baskets = $50

year two,buy baskets = $50

to find out

as the price level falls, the value of money will be

solution

we see that when we compare to 1 year price go down from $10 to $ 9

so deflation at annual rate is $\frac{10-9}{10}$ = 10%

so here

sum of $50 will be buy here = $\frac{50}{10}$ = $5 in one year

and $ 50 buy in 2 year is = $\frac{50}{9}$ = $5.56 in two year

so this is show here that price level fall and value of money is rises

4 0

3 years ago