All categories

3 years ago

What is promissory estoppel

Business

2 answers:

Mademuasel [1]3 years ago

7 0

Answer:

Promissory estoppel is the legal principle that a promise is enforceable by law

Explanation:

mote1985 [20]3 years ago

5 0

Answer:

n. when a person makes a false statement to another and the listener relies on what was told to him/her in good faith and to his/her disadvantage.

Explanation:

You might be interested in

Mr. and Mrs. Jones had an extensive flood in their basement. They incurred casualty losses of $20,000. Their insurance company r

andreev551 [17]

Answer:

Explanation:

According to the IRS tax guidelines in such a case the unreimbursed amount is deductible as an itemized deduction from tax returns.

What this implies for Mr. and Mrs. Jones is that the $12,000 unreimbursed amount would be deducted from their tax return. <u>Thus, reducing the amount of taxes to be paid by them.</u>

4 0

3 years ago

Suppose that a firm operating in perfectly competitive market sells 50 units of output. Its total revenues from the sale are $50

jekas [21]

Answer:

ii) Average revenue equals $10

Explanation:

A perfectly competitive market is where there are many buyers and sellers of homogenous goods. They are price takers. Price = marginal cost = marginal revenue = average revenue

Total revenue = price × quantity sold

$500 = price × 50

Price = $10

Average revenue = Total revenue / output

$500 / 50 = $10

3 0

3 years ago

If the Budgetary fund balance account was debited when the budget was recorded in the City of Mustangville's General Fund, then:

Marysya12 [62]

Answer: a. appropriations exceed estimated revenues

Explanation:

A Budgetary Fund Balance is simply an account that Government agencies and Departments have to calculate the difference between expected inflows and Outflows for the period that a budget covers.

It is a temporary account with it's balance going to the General fund. If it is debited in the General fund then that means that Appropriations approved for the period are more than the revenues expected. The reverse is true.

6 0

4 years ago

Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-

cluponka [151]

Answer:

d. 44%

Explanation:

Calculation to determine what DTI ratio is

First step is to calculate the Debt

Using this formula

Debt = (Rent expense + Carr payment + Loan + Credit card payment) × Number of months in a year

Let plug in the formula

Debt =[($695 + $265 + $200 $160) × 12 months]

Debt= $1,320 × 12 months

Debt = $15,840

Now let calculate DTI ratio using this formula

Using this formula

Debt to income ratio = (Debt) ÷ (Income) × 100

Let plug in the formula

DTI ratio=[ ($15,840 ÷ $36,000) × 100]

DTI ratio=0.44*100

DTI ratio= 44%

Therefore DTI ratio is 44%

6 0

3 years ago

Read 2 more answers

Shawn Bixby borrowed $21,000 on a 120-day, 12% note. After 70 days, Shawn paid $2,400 on the note. On day 100, Shawn paid an add

Zarrin [17]

Answer:

Ending Balance Due = $14,980.106

Total Interest = $780.106

Explanation:

solution

Total Interest and Ending balance due by the U.S. Rule are as given below

so interest is here for 70 day with 12 % of 21000

interest = 0.12 × 21000 × $\frac{70}{360}$

interest = $490

payment = $2400 - $490

payment = $1,910

and adjusted balance will be after that

adjusted balance = $21,000 - $1,910

adjusted balance = $19,090

and

on 100 day

Interest = 0.12 × $19,090 × $\frac{30}{360}$

Interest = $190.9

and

Payment = $4,400 - $190.9

payment = $4209.1

adjusted balance = $19090 - $4209.1

adjusted balance = $14,880.9

and interest = $14,880.9 × 0.12 × $\frac{20}{360}$

interest = $99.206

so Ending Balance Due will be

Ending Balance Due = $14,880.9 + $99.206

Ending Balance Due = $14,980.106

and

Total Interest = $490 + $190.9 + $99.206

Total Interest = $780.106

5 0

3 years ago