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ASHA 777 [7]
3 years ago
15

Mary buys a lottery ticket and promises to buy her friend Sharon a new pair of shoes if she checks the lottery results while Mar

y is away. Sharon agrees to do so, provided she has the time for it. If Sharon fails to check the results and Mary wins the lottery, which of the following would be true of the contract between Mary and Sharon?A. Mary's promise is supported by consideration.
B. Sharon can claim for breach of contract against Mary.
C. Neither Mary nor Sharon can claim breach of contract.
D. Mary can claim for breach of contract against Sharon.
Business
1 answer:
diamong [38]3 years ago
7 0

Answer: Neither Mary nor Sharon can claim breach of contract.

Explanation:

The both parties of the contract are not guilty of a breach in contract because of the conditions contained within the contract was not broken. Sharon gave the condition that she would check the lottery ticket if she is chanced, therefore if she doesn't check the ticket she wasn't chanced. Also Mary only promised to buy the shoe for Sharon only when she had checked the ticket, which Sharon failed to do.

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For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and end
nevsk [136]

Answer:

finished cost = $200,000

inventory cost=$250,000

manufactured cost= $600,000

cost of good= beginning inventory+purchase during period cost- ending inventory

$600,000+$200,000-$250,000

$550,000

7 0
3 years ago
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Explanation:

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3 years ago
Small businesses make less use of discounted cash flow (DCF) capital budgeting techniques than large businesses. This may reflec
Ira Lisetskai [31]

Answer:

The given statement is true.

Explanation:

The reason for why this statement is true is discussed below:

  • The discounted cash flow is also called as DCF which is very important to determine the value of a business because it tells about the impact of today's investment in the future cash flows.
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8 0
4 years ago
The following financial information is taken from the balance sheets of the Peter Company and the Paul Company:
Iteru [2.4K]

Answer:

Current ratios:

Peter Company Answer = 5

Paul Company Answer = 2.5

Peter company has the higher liquidity than the Paul company. Its current ratio is double than the Paul's.

Explanation:

Company :                 Peter           Paul

Current assets      $200,000    $50,000

Current liabilities   $40,000      $20,000

To calculate Liquidity we will us following ratio formula:

Current Ratio = Current Assets / Current Liabilities

Peter Company

Current Ratio = $200,000 / $40,000 = 5

Paul Company

Current Ratio = $50,000 / $20,000 = 2.5

Peter company has the higher liquidity than the Paul company

8 0
3 years ago
Ivy Corporation gave 96 people a bonus. If Ivy had given 2 more people bonuses, Ivy would have rewarded 2/3 of the workforce. Ho
Natasha_Volkova [10]

Answer:

147

Explanation:

People who got bonus = 96

Two more people who make 98 i.e., ( 96+2)

98 people form 2/3 of the work force;

Workpfoce = 3/3: if 2/3 =98. 3/3 = 98/2 * 3

                    = 49*3

  workforce = 147

6 0
3 years ago
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