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Masja [62]
3 years ago
13

Erin promises to pay her friend Stephanie$10,000 if Stephanie refrains from eating any foods that contain animal products. Steph

anie agrees, performs her part of the bargain, and asks for the money. Erin refuses to pay, saying there was no valid consideration and therefore the agreement is unenforceable. Is there an enforceable contract between Erin and Stephanie (in other words, was there valid consideration)?
Business
2 answers:
Dmitrij [34]3 years ago
8 0

Answer:

Yes

Explanation:

There was a valid consideration because an amount of money $10,000 was promised and clearly agreed between both parties Erin and Stephanie.

There is an enforceable contract because there was an offer and acceptance; mutual obligation and consideration, and the subject matter was not illegal.

Contracts must not be written to be enforceable. Erin and Stephanie's contract was oral and still enforceable. The question however will be if Erin is of age to be able to pay $10,000 otherwise the contract may not be enforceable or binding.

Jobisdone [24]3 years ago
4 0

Answer: The definition of transgender encompasses many people and is constantly changing.

Explanation:

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Costly Corporation is considering using equity financing. Currently, the firm's stock is selling for $31.00 per share. The firm'
Setler [38]

Answer:

Cost of external equity= 26.9%

Explanation

<em>According to the dividend valuation, the value of a stock is the present value of expected future dividends discounted at the required rate of return.</em>

The model can me modified to determined the cost of equity having flotation cost as follows:

Ke = D(1+r )/P(1-f) + g

Ke= Cost of equity

D- current dividend,

D(1+g) - dividend next year

p- price of stock - 31,00$

f - flotation cost - 14%

g- growth rate - 7%

Ke= 5.30/31× (1-0.14)  +  0.07

 = 0.2687997  × 100

= 26.9%

4 0
3 years ago
The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,
dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

                                                  Initial investment

<u />

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment  = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000  = $69,000

Therefore, simple rate of return = $69,000  / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0
3 years ago
Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports
Rudiy27

Answer:

37.00%

Explanation:

The computation of the weighted average contribution margin ratio is shown below:

Particulars                    Sporting Goods Sports Gear Total

Contribution Margin Ratio 30%                    50%  

Sales Mix - Weights         65%                     35%  

Weighted Contribution Margin 19.50% 17.50% 37.00%

We simply multiplied the contribution margin ratio with the sales mix weighted so that the weighted contribution margin ratio could come

7 0
3 years ago
Which process is a feature of webmail?
Vikentia [17]
Webmail also known as email. Providers of webmail include Gmail, Outlook, Yahoo, AOL and much more. These providers allow companies and individuals to stay connected through web emailing. They allow for fast, effortless communication without the lag time of sending something through the post office mail. Webmail can be used to sell and order new products, provide customer service and communicate with those in other parts of the country/world. 
3 0
3 years ago
A manufacturer has a monthly fixed cost of $50,000 and a production cost of $7 for each unit produced. The product sells for $16
Oxana [17]

Answer:

The manufacturer will have a c. Loss

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed cost/(Selling price per unit-Variable cost per unit)  = $50,000/($16-$7) = $50,000/$9 = 5.556 units (rounding)

The manufacturer produces and sells 3,000 units per month < Break-even point in units. Therefore, the manufacturer will have a loss

8 0
3 years ago
Read 2 more answers
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