After researching many different shoes, Chris narrows down his choice to these two. Which shoes are the best deal?

Susan drops by her neighbor Dean's garage sale and buys a painting for $10 that both she and Dean think is a copy of a piece by

Mars2501 [29]

Answer:

Dean probably will be able to get the painting back. A mutual mistake was made since both parties involved, Dean and Susan, made an important factual error. They both were convinced that the painting was an ordinary copy and that it was worth very little money. A mutual mistake makes the contract voidable by any party.

7 0

3 years ago

When evaluating whether to purchase public stock (i.e. an investor), what ratio should be considered to be most important and WH

Olenka [21]

Answer:

The price earnings ratio should be considered to be most important.

The reason is that the price earnings ratio indicates how much the market is ready to pay for a stock based on its current earnings.

Explanation:

The price earnings ratio is a market prospect ratio that compares the market price per share to the earnings per share to determine the market value of a stock in relation to its earnings. The P/E ratio is calculated using the following formula:

P/E ratio = Market price per share / Earnings per share

The price earnings ratio should be considered to be most important because it indicates how much the market is ready to pay for a stock based on its current earnings. It is frequently used by investors to estimate a stock's fair market value by forecasting future earnings per share. The rationale for this is that companies with larger future earnings are more likely to pay bigger dividends or have stock that appreciates in value.

The price to earnings ratio is also known as a price multiple or earnings multiple for this reason. This is because the ratio is used by investors to determine the value of a share based on its earnings multiple. In other words, how much they are willing to pay as a multiple of their incomes.

8 0

3 years ago

Mustang Corporation has accumulated the following accounting data for the month of April:

algol [13]

Answer:

b. $120,100.

Explanation:

The movements in the Inventories account over a period is as a result of goods manufactured (which results in an increase in the account balance) and goods sold ( which results in a decrease in inventory).

As such,

let the cost of goods sold be F

$30,200 + $114,500 - F = 24,600

$30,200 + $114,500 - 24,600 = F

F = $120,100

The cost of goods sold is $120,100.

7 0

3 years ago

BUSINESS LAW- TRUE OR FALSE

Bas_tet [7]

A statement that is valid according to law of contract will be termed true while an invalid one is termed false.

<h3>Validity of the statements</h3>

Under the UCC, a contract will generally fail because one or more terms are left open, (TRUE)
A contract without a quantity term is valid. (TRUE)
A contract for services is specifically covered by the UCC. TRUE
Whether there has been an offer is determined by a subjecive standard. TRUE
A says to B: "I am going to sell my car for $2,000." B says: "I accept, here is my check." There is a contract. TRUE
Offers made in jest are always invalid. FALSE
B agrees to buy all of her requirements from S. S agrees. The contract fails for lack of a definite quantity term. TRUE
A writes to B: "I will offer you S20 a week if you will give violin lessons to my son. You have 30days in which to reply to this offer." B is still thinking about it when a purporis to revoke 15days later. B can nonetheless accept. TRUE
When an offeree learns from a third party that the offeror has sold the goods. the offer is re-voked. TRUE
The modern view is that once the offeree of a unilateral contract begins to perionin, the offeror may not revoke his promise. FALSE
An offer continues until there is an express revocation of the offer. TRUE
A offers to sell his watch to B for 100. B says she will take it for 575. B may laier accept the offer for S100. TRUE
A offers to sell his watch 10 B for $100.1 gives a 55 to keep the offer open. A may not revoke. TRUE
Under the UCC, a non-merchant may make her offer irrevocable without consideration. TRUE
In general, an offeree must affirmatively convey his or her intention to accept an offer to enter into a bilateral contract TRUE
A says to B:"If you paint my house, I will give you 5100." B promises to paint a's house. Thereis a contract. TRUE
At common law, an offeree may request additional terms in accepting the offer. TRUE
Merchant S accepts Merchant B's offer with an additional clause providing for reasonable interest for overdue invoices. The additional clause is part of the contract. TRUE
Revocation of an offer sent by mail is elfective upon receipt. TRUE
lla ained for forbearance of a legal right will constitut esileration TRUE
B agrees to buy a house offered by S if B gets a bank loan. There is a contract TRUE

<h3>Law of contract</h3>

Law of contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

learn more about law of contract: brainly.com/question/984979

6 0

2 years ago

Both you and your older brother would like to have $28,500 in 14 years. Because of your success in this class, you feel that you

Nina [5.8K]

How much less than your brother will you have to deposit today is $1,820.78.

First step

Future value = Present value × (1 + interest rate)^number of years

$28,500 = Present value × (1 + 0.105)^14

Present value= $28,500 ÷ 1.105^14

Present value= $28,500 ÷ 4.04642869977

Present value=$7,043.25

Second step

Future value = Present value × (1 + interest rate)^number of years

$28,500 = Present value × (1 + 0.087)^14

Present value= $28,500 ÷ 1.087^14

Present value= $28,500 ÷3.21524163645

Present value=$8,864.03

Third step

Deposit today=-$8,864.03-$7,043.25

Deposit today= $1,820.78

Inconclusion how much less than your brother will you have to deposit today is $1,820.78.

Learn more about present value here:brainly.com/question/15904086

8 0

3 years ago