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aleksandr82 [10.1K]
3 years ago
12

Gerald rowe spends a weekend helping his neighbor john fritz build a new garage. two weeks later, after the garage is complete,

john tells gerald that he will pay him $500 for helping with the garage. later, john decides he will only pay gerald $250. can gerald sue john for the extra $250? why or why not?
Business
1 answer:
Ivanshal [37]3 years ago
7 0

Answer:

cannot sue John for the extra $250 asJohn made the promise to him based on past consideration.

Explanation:

When Gerald was helping John build the garage, there was no agreement between them on payment for services. After the two weeks John made the promise to pay Gerald.

This is not a binding promise as John is paying Gerald at his own discretion as a past consideration, since no contract was agreed between them.

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Brandon, the Marketing Manager at a public relations firm, suspects that one of his team members, Ross, has been engaging in sub
shepuryov [24]

Answer:

b. An employee assistance program

Explanation:

The employee asssitance program is the program in which it offers free of cost and the assessment that are confidential in all respect. It includes short-term counselling, references, follow up services to the employees who has the personal or work related issues

Since Brandon wants to help Ross and also he dont want to lose his job

so this given situation represent the assistance program

Therefore the option b is correct

5 0
3 years ago
For the year ended December BL 2017, Lopez Company has implemented an employee bonus program based on Lopez’snet income, which e
amid [387]

Answer: Net income Dr $14,5611

Bonus payable CR 14,5611

Narration. Bonus expenses payable to staff

Employee Bonus account Dr 14,5611

Bank/Cash CR. 14.5611

Narration. Payment of employees bonus for previous year.

3 0
3 years ago
The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Books is a wholesale mercha
ArbitrLikvidat [17]

Answer:

(A) Inventory increases by 595,000

(B) Inventory decreases by 14,500

(C) no effect

Inventory balance: 595,000 - 14,500 = 580,500

Explanation:

<u>We are asked for Readers' Corner</u>

(A) Reades purchase at 595,000 so we use this value. Reader has no informaiton about the cost of New Books.

(B) there is an allowance for 14,500 the inventory account will decrease immediately as it works with perpetual invnetory method

(C) no effect. The payment do not alter the invnetory valuation.

5 0
4 years ago
Inayah needs Rs.100, 000 to start an ice-cream business. If she uses Rs.40, 000 from her savings and another Rs.60, 000 borrows
Lelu [443]

Answer: 5% of RS 100,000

Explanation:

Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.

Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business

4 0
3 years ago
Consider the following information: Portfolio Expected Return Standard Deviation Risk-free 7 % 0 % Market 12.2 31 A 11.0 20 a. C
Gennadij [26K]

Answer:

The Sharpe ratios for the market portfolio and portfolio A is 0.1677 and 0.2 respectively

Explanation:

The computation of the Sharpe ratio is shown below:

= (Expected Rate of Return - Risk-free rate of return) ÷ (Standard Deviation)

For Market portfolio, it would be

= (12.2% - 7%) ÷ (31%)

= 5.2% ÷ 31%

= 0.1677

For portfolio A, it would be

= (11% - 7%) ÷ (20%)

= 4% ÷ 20%

= 0.20

Simply we apply the Sharpe ratio formula in which the risk-free rate of return is deducted from the expected return and the same is divided by the Standard Deviation

7 0
3 years ago
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