Answer: No
Explanation:The law presumes that some people do not have the power to form contracts. These people are:
children under the age of 7
people who lack mental capacity
people who are under the influence of drugs or alcohol
Answer:
Option (c) $200
Explanation:
Data provided in the question:
Cost of the microwave = $200
Cost of repairs in the kitchen = $2,000
Now,
The damage caused in the kitchen is due to the malfunctioning of the microwave.
But the disclaimer on the microwave’s label already mentioned that the manufacturer is not liable for consequential damages.
here,
The damage in the kitchen is consequential damage to microwaves.
Hence,
the manufacturer of the oven will only give $200
Option (c) $200
Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.
<h3>What is equity?</h3>
Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.
Doc's ribhouse beginning equity
= $79,000
Net income
= $23,000
Ending equity
= ?
Ending Equity
= Beginning Equity + Net Income - Dividends
= $79,000 + $2
= $102,000
Hence, Doc's ribhouse ending equity would be $102,000
Learn more about equity here : brainly.com/question/11556132
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Answer: The sum of cash, short-term investments and net receivables divided by current liabilities
Explanation: The acid test ratio, also known as the quick ratio, is a liquidity ratio that is used to determine the ability of a company to pay its current liabilities if it rises immediately. It is considered to be more stringent ratio than the current ratio.
It is concluded by dividing those current assets that can be converted into cash immediately with the current liabilities of the company.
Therefore, from the above we can conclude that the correct statement is D.
Answer: 0.48 minutes
Explanation:
Takt time = Net time available / Daily demand
Net time available is number of minutes in a shift so:
= 8 hours * 60 minutes
= 480 minutes
Daily demand = 1,000 units
Takt time = 480 / 1,000
= 0.48 minutes
