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lyudmila [28]
3 years ago
10

Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4

,500 for the car.
Which of the following contract elements has not been met?
a. Contractual Capacity.
b. Offer.
c. Acceptance.
d. Legality.
Business
1 answer:
serg [7]3 years ago
3 0

Answer:

correct answer is c. Acceptance

Explanation:

given data

Troy age =  18

Jenna age = 18

offer price = $5,000

acceptance price   = $4,500

as we know for contract 2 main condition should be fulfill that is Offer and acceptance

and here Offer is provided by Troy in contract

but acceptance from any other person accept offer as it is accepted as offer itself so we can say contract is valid

but here no any acceptance in this contract rather than it is counter offer

so correct answer is c. Acceptance

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Logan, a 50 percent shareholder in Military Gear Inc. (MG), is comparing the tax consequences of losses from C corporations with
Musya8 [376]

Answer:

$9,840

Explanation:

In this question, we have to take the difference between the payment for S corporation and the C corporation

If Military Gear Inc is a C corporation, then the payment would be

= Ordinary income × marginal tax rate

= $84,000 × 24%

= $20,160

And, if Military Gear Inc is a S corporation, then the payment would be

= (Ordinary income - net effect) ×  marginal tax rate

= ($84,000 - $41,000) × 24%

= $43,000 × 24%

= $10,320

The net effect would be

= $159,000 - $118,000

= $41,000

The net payment would be

= $20,160 - $10,320

= $9,840

4 0
3 years ago
Shelby is looking to purchase a new car. She knows from her marketing class, that she should research the different models she i
MaRussiya [10]

Answer:

This example shows that one of the reasons to study marketing is that it is a part of everyday life.

Explanation:

Marketing can be defined as the process through which products reach from concept to the customers. It involves the process of studying, observing and understanding the market. Market research is done to understand the needs of consumers.

There are a number of reasons it is beneficial to study marketing. For instance,

  1. We often come across marketing in daily life.
  2. Marketing graduates get a good salary.
  3. There is always a demand for marketing experts.
  4. It is a diverse career choice and provides jobs in a number of fields.
6 0
3 years ago
Dragon Autos Inc., an automobile company based in the country of Bear Island, made a capital investment of $300,000 to set up pr
Irina18 [472]

Answer:

Foreign direct investment

Explanation:

Foreign direct investment (FDI) refers to a situation where a firm from country A invests in business in country B. Generally speaking FDI takes place when a firm acquires at least 10% of a business in another country.

In this case Dragon Autos is a company that is based in Bear Island (country A) that is investing $300,000 in the country of Westerland (country B).

FDI amounts to $253.6 billion in the US economy.

5 0
3 years ago
Assume that a company buys a new machine for $220,000 that has a useful life of five years and a $20,000 salvage value. The new
Zarrin [17]
  • Payback period of investment- In case of capital budgeting, it refers to the amount of time taken place to recover the amount or cost of investment.
  • Initial cost of investment = Amount invested – Value of salvage sold

                                                 = $ 220000 – 10000

                                                 = $ 210,000

  • Annual Cash inflow = Contribution margin = $ 52500

  • Payback period = Initial cost of investment /Annual cash inflow

                                     =$210000 / 52500

                                     = 4.0 years

  • Answer = 4.0 years

Hence, in four years pay back period for this investment will take place

Learn more about this-

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8 0
2 years ago
Give the full names of the two airports that are involved in these flights and Brierly explained who the two people were that th
krok68 [10]
OR tambo international airport and capeTown international airport
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