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frutty [35]
3 years ago
11

James threatens to hit Kenneth on the head with a baseball bat unless Kenneth signs a contract agreeing to pay James $900 for a

motor. If, because of the threat, Kenneth signs the contract:a. the contract is voidable at Kenneth's option.b. James has committed physical duress against Kenneth.c. this is an example of economic duress.d. All of the above.
Business
1 answer:
Jobisdone [24]3 years ago
7 0

Answer:

The correct answer is (b)

Explanation:

James has threatened to hit Kenneth to force her to sign a contract. This is an example of improper conduct which consisted of physical violence. In that regard, James has committed physical duress against Kenneth, and Physical duress is a type of physical threat that could harm an individual. In the court of law, if physical duress is proven, it can terminate the whole contract.

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During January, its first month of operations, Dieker Company accumulated the following manufacturing costs; raw materials $4,80
aev [14]

Answer:

J1

Work - In - Process $4,800 (debit)

Raw Materials $4,800 (credit)

J2

Work - In - Process $7,900 (debit)

Salaries and Wages Payable $5,400 (credit)

Payroll taxes payable $2,500 (credit)

J3

Work - In - Process $2,700 (debit)

Utilities Payable $2,700 (credit)

Explanation:

All cost accumulations to be done in the Work - In - Process Account.

6 0
4 years ago
On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir
hammer [34]

Answer:

Dr interest expense $7,000

Dr notes payable $7,238

Cr cash                                     $14,238    

Explanation:

The first task is to compute interest expense on the loan in year 1 which is shown below:

interest expense=$100,000*7%

interest expense=$7,000

Principal repayment=repayment-interest repayment

Principal repayment=$14,238-$7,000=$7,238

The double entries are to debit interest expense and notes payable with $7,000 and $7,238 respectively while cash is credited with $14,238 as an outflow of cash.

3 0
3 years ago
Volvo, working with fedex, set up a warehouse in memphis with a complete stock of truck parts. a dealer needing a part for an em
nataly862011 [7]
The answer to this question is that the manufacturer is using outsourcing. Outsourcing is getting or having contact from a different or outside supplier or third party vendor for goods and services. The advantage of outsourcing is that the products is produced with high efficiency and quality.
6 0
4 years ago
Firms can take out term life-insurance policies on their top executives. <br> a. True <br> b. False
Alika [10]
I believe the answer is A true
6 0
3 years ago
A sporting goods store manager wants to forecast annual sneaker revenues based on the type of sport (running, tennis, or walking
liq [111]

Answer: The manager should include 7 independent variables in her multiple regression analysis .

Explanation:

Given : The manager wants to forecast annual sales revenues of snekers of different categories.

The given categories are :-

Sports , color , gender.

Also when we have a categorical variable that assumes n different divisions then the number of dummy explanatory variable for multiple regression will be n-1.

Number of types of sports = 3

⇒ Number of dummy variables for types of sports = 3-1 =2

Number of types of color = 5

⇒ Number of dummy variables for types of color = 5-1 =4

Number of types of gender = 2

⇒ Number of dummy variables for gender = 2-1 =1

Now, the total number of independent variables = 4+2+1=7

Hence, the manager should include 7 independent variables in her multiple regression analysis .

8 0
3 years ago
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