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3 years ago

Is a promise to refrain from doing an unlawful act and, therefore, is a promise that will not support a contract.

2 answers:

6 0

I'm a little confused on this question however, I'm 99% sure the answer is illusory promise because an illusory promise is one that does not hold any legal weight due to it possibility being a biased and non mutual agreement and it's just a verbal contract in the place of a paper contract.

Tju [1.3M]3 years ago

6 0

Hey there!

If I'm remembering correctly, the correct answer is C, because an illegal consideration promise is to refrain something from doing an unlawful act and, therefore, is a promise that will not support a contract.
Illegal- unlawful

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Our company sells flat screen tvs to retailers for $1,000. The total fixed costs for plant operation is $60,000. It costs us $70

Sedbober [7]

Answer:

<h3>i don't know i have no answer to</h3>

Explanation:

sorry again i need answer too,anyone

4 0

2 years ago

Money that has been or will be paid regardless of the decision whether to proceed with the project is:

bezimeni [28]

Answer:

Sunk costs.

Explanation:

Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.

Example

ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.

Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

Hence, money that has been or will be paid regardless of the decision whether to proceed with the project is sunk costs.

4 0

2 years ago

The direct materials and direct labor budgets provide information for preparing the

iragen [17]

Answer:

The cash budget is the appropriate answer

Explanation:

When the budgeted direct materials as well as the required budgeted labor hours are ascertained, the step needs to be taken further in order to know how the costs budgeted fit into overall cash situation of the business.

The suppliers of direct materials would have given the company the maximum number of days that expect cash , in order to meet up with such deadline the company must plan ahead by incorporating the values of such purchases into cash flow projections, the same also applies to cost of direct labor.

7 0

2 years ago

Read 2 more answers

Javier computer services began operations in July 2017. At the end of the company prepares monthly financial statements. It has

defon

Answer and Explanation:

The adjusting entries are shown below:

a. Salaries expense Dr $1,400

To Salaries payable $1,400

(being salaries expense is recorded)

b. Interest expense ($40,000 × 12% × 1 ÷12) $400

To interest payable $400

(being interest expense is recorded)

c. Account receivable Dr $3,000

To Service revenue $3,000

(being revenue is recorded)

These 3 entries should be recorded

5 0

2 years ago

Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual

Alex787 [66]

Answer:

$836.08 per month

Explanation:

In order to calculate Cindy's new monthly rent, we would simply need to divide the renter's insurance by 12 since there are 12 months in a year. and then add that product to her monthly rent like so...

565.00 / 12 = 47.08

789 + 47.08 = 836.08

Finally, we can see that Cindy's new rent after including the renters insurance would be $836.08 per month

6 0

2 years ago