Answer:
There is no contract since both Helen and Garth made a mutual mistake.
In contract law, a mutual mistake occurs when all the parties involved (Helen and Garth) are mistaken about important material facts that affect the contract (which ATV is being sold). The parties intend to perform but what they consider being part of the contract is not what the other party considers part of the contract. When both parties make a mutual mistake, the contract is cancelled.
Mutual mistakes are not on purpose, they are mistakes committed in good faith.
Answer:
Because certain individuals rather be self-employed and given a more flexible schedule. Entrepreneurs have the ability to use their talents or ideas to gain profit.
Explanation:
Answer:
Gross profit= $4.75
Explanation:
Giving the following information:
Product Z2:
$2.00 of direct materials
$3.40 of direct labor.
sold for $11.00.
Designated overhead at the rate of 25% of direct labor costs.
Gross profit= sales - direct material - direct labor - manufacturing overhead
Gross profit= 11 - 2 - 3.4 - (3.4*0.25)= $4.75
Hiring these people is known as "staffing".
The way toward enlisting appropriate candidates as per their insight and aptitudes in an association is named as staffing.
Viable staff administration is fundamental to guaranteeing your working environment runs easily and productively, and that the correct representatives are in the correct positions. Then again, poor staffing can bring about a confused, disorderly workplace, which can possibly influence your organization to lose profitable business.
Answer:
Chris paid $109.68 for his bond. Since he paid a premium for the bond, the YTM is lower than the coupon rate.
Explanation:
yield of Cheryl's bond is 6% since she purchased it at par and the bond's coupon is 6%
if Chris's bond yields 80% of Cheryl's, it will yield 6% x 0.8 = 4.8%
we can use the approximate yield to maturity formula to find the market price of Chris's bond:
2.4%(semiannual) = {3 + [(100 - MV)/20]} / [(100 + MV)/2]
0.024 x [(100 + MV)/2] = 3 + [(100 - MV)/20]
0.024 x (50 + 0.5MV) = 3 + 5 - 0.05MV
1.2 + 0.012MV = 8 - 0.05MV
0.062MV = 6.8
MV = 6.8 / 0.062 = 109.68
