If Joe has good morals he would stop and help the women. He could have the money taken out of his pay check to possible keep his job but if he does not stop and help the women he will have live with his decision for the rest of his life, the guilt would eat him alive. He can always get another job but we only have one life to live and if he could help save someone else, he should do that.
It is an example of unilateral contract.
A unilateral contract expressly states that payment will be made solely via the performance of one party.
A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.
In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.
Therefore, the answer is unilateral contract.
To know more about unilateral contract click here:
brainly.com/question/4344590
#SPJ4
Answer:
$3,900
Explanation:
December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year end of December 31. The company estimates using the aging-of-Accounts Receivable.
Accounts Receivable were $140,000, 3% is the estimate for doubtful accounts, and the Allowance for Doubtful Accounts balance is a $300 debit prior to any adjustment.
Therefore the amount to be credited to doubtful account = 0.03 x 140,000 = $4,200
The amount of bad debts = $4,200 - $300 = $3,900
Answer:
(The data is missing so we cannot prepare the complete cash budget but lets see how it is prepared. The data given in the question has only been added in cash budget)
Cash Budget is prepared in same way as statement of cashflow. The detail cash budget format is given below.
Poster Company
Cash budget
1st and 2nd quarter
Cash from operations
Sales xxxx
Purchase (xxxx)
Other expenses paid (xxxx)
Net cash from operation xxxx
Cash from Investment activities
Sale of Assets (10,000+4,500) $ 14,500
Any investment made (xxxxxx)
Net Cash from investing activities xxxxxx
Cash from Finance Activities
Financial Charges paid ( xxxxxxx)
Dividednd paid $ 4,500
Net Cash from Financing activities xxxxxxxx
Net cash increase/ decrease xx/ (xx)
Opening balance $60,359
Cash balance at end xxxxx
(xxx represents missing values)
Answer:
13,6%
Explanation:
The first step to calculate the annual interest rate is to calculate the total yearly interest amount you will pay.
So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year,... so a total of $1,360 (4 x $340) for the year.
Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest
The effective annual rate on the load is then of 13,6%.
