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nadezda [96]
3 years ago
13

Bay City Construction, Inc., a contractor, asks Cool Electric, a subcontractor, to provide certain services. Nothing is said abo

ut payment. Cool provides the services, but Bay City refuses to pay. In Cool’s suit to recover, the chief issue is most likely to be whether these parties had​:
A. a formal contract
B. an express contract
C. an implied contract
D. a voidable contract
Business
1 answer:
Paraphin [41]3 years ago
7 0

Answer:

C. an implied contract

Explanation:

Based on the scenario being described it can be said that the chief issue is most likely to be whether these parties had​ an implied contract. This type of contract refers to when two parties have an agreement but there is no written contract existing regarding this agreement, instead the law enforces the contract and makes sure that the details are fair to both parties.

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Marianna [84]

Answer:

Dept. D = 80%

Dept. E = $12

Dept. K = $6

Explanation:

The computation of the predetermined overhead rate for each department is shown below:-

Department D = Manufacturing overhead ÷ Direct labor costs

= $1,240,000 ÷ $1,550,000

= 80%

Department E = Manufacturing overhead ÷ Direct labor hours

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= $12

Department K = Manufacturing overhead ÷ Machine hours

= $720,000 ÷ 120,000

= $6

3 0
3 years ago
bank run is​ ____________.A.an extraordinarily large volume of withdrawals driven by a concern that a bank will run out of liqui
evablogger [386]

Answer:

Option A

Explanation:

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 Bank run caused by panic that drives a bank into real bankruptcy provides a traditional example of a prediction that fulfills itself. The institution does defaults risk, as customers are continuing to withdraw money. So what starts out as fear will ultimately turn into some kind of true fallback situation.

5 0
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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2010, a painting
timurjin [86]

Annual rate of return is the amount you gain/lose on average each year. it is calculate as the following:

Rate of Return = (ending value - amount invested) / the number of years

OR

(1,100,000 - 1,680,000) / 3 = annual rate of return

3 0
3 years ago
Wally and Kim, a married couple with an average life expectancy, have a retirement budget of $6,000/month. While they are both a
tatuchka [14]

Answer: Card 5

Explanation:

3 0
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An employee who just finished an mba paid for by a firm’s tuition reimbursement program might feel a moral obligation to stay wi
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The answer is normative commitment as this is a type of commitment in which an individual acquires because he or she feels a sense of obligation of having to be committed and to stay in which is seen in the scenario above as the person stays because of his obligation.

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