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balu736 [363]
3 years ago
7

While George travels for two months, Mary agrees to housesit and care for George's three horses at her stables. The parties agre

e that Mary will pick up the horses on the first day of George's trip, and George will pay Mary when he returns. George returns home from his travels and finds that Mary never picked up the horses. George sues. What will be the likely result?
Business
1 answer:
Dmitry [639]3 years ago
7 0

Answer:

The answer is: George will win the lawsuit

Explanation:

George and Mary had a legal binding contract, in which each party agreed to:

  • Mary agreed to pick up George's horses and care for them during his two month trip.
  • George agreed to pay Mary for her work as horse keeper.

If Mary breached the contract by failing to perform her part, George is entitled to sue her.

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Jose loses his credit card at a crowded city park. He notifies his credit card company immediately. Five days later, $4,507 is c
Ivanshal [37]

Answer:

e• Nothing.

Explanation:

If your credit card is stolen, federal law establishes a maximum liability of $50 for any purchases made before you report the loss. In this case, we are told that Jose reported the loss immediately, so there should be no time for someone else to make any illegal purchases. The credit card company should not allow any purchases after Jose notified the loss.

5 0
2 years ago
Capital budgeting is the process Question 2 options: used in sell or process further decisions.
Kruka [31]

Answer:

Capital budgeting is the process "of making capital expenditure decisions"

Explanation:

Capital budgeting is a planning process employed by a firm's management to evaluate if embarking on long-term investments (like purchase of a new machinery, replacement of old non-current assets, new product line, etc) are viable and profitable.

Decisions made by management must be informed decisions and one of the ways in which an investment decision can be evaluated to check if it is worthwhile is the capital budgeting process

4 0
3 years ago
Brenda is an interior designer. Before buying products for interior furnishing, she gathers information about the products manuf
lesya692 [45]

Answer:

The correct answer is letter "A": searching by brand.

Explanation:

Consumers search by brand when they have decided what product they want to buy but need to compare what one company offers compared to another. This will help consumers differentiate prices, features, and the additional benefits companies offer for selling the same product.

Eventually, the consumer will choose the product that provides him or her with more benefits assuming the decision that an individual will make is rational.

8 0
3 years ago
A hairdryer manufacturer produced a new model that could dry a person's hair in under five minutes. When customers used this hai
skad [1K]

Answer: Fairness and Honesty

Explanation:

Fairness and honesty are vital to every business ethics and it related to thee general values of the decision makers. Firms are expected to follow applicable laws and regulations and are expected not to cause harm or injury to employees, customers, clients, or competitors through coercion, deception,misrepresentation, or discrimination.

False and misleading advertising can lead to business failure, hence, Truthfulness about a produt's safety and its quality are also vital to consumers.

8 0
3 years ago
Assume US GAAP to answer this question.In 2017, $2 million in wages were earned and no cash wages were paid.In 2018, $8 million
solniwko [45]

Answer:

The right answer is A. Liabilities increased by $1.0 million in 2018

Explanation:

During 2017 and 2018, we have the following information:

+ In 2017, there is $2 million wages earned but not yet paid, so, Wages payable at the end of 2017 should be amounted to $2 million.

+ In 2018, there is another $8 million wages earned. At the same period, there is $7 million wages paid which is distributed as followed: $2 million to clear all Wages payable in 2017 and the other $5 million to clear $5 million out of $8 million wages payable in 2018. So, the only wages liability outstanding at the end of 2018 is the amount of $3 million earned in 2018 but not yet paid ($8 million - $5 million).

=> Liabilities in 2018 increases $1.0 million in comparison with the year 2017 ( $3 million - $2 million).

3 0
3 years ago
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