Answer:
Hammer would prevail against Kay based on:_______.
A. Unilateral contract.
Explanation:
A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.
in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.
since in a unilateral contract, the offer can only be accepted when the other party completely performs the requested action.
Hence Hammer would prevail against Kay based on Unilateral contract.
Answer:
Between quarter 7 and 8
Explanation:
To calculate the recession lets consider the quarter 7 and 8.
GDP in quarter 7 =$4499 Billion
GDP in quarter 8 =$4409 Billion
Growth rate of GDP in these two quarters= 4409-4499/4499*100
= -2 percent
Recession happens when the GDP decreases
Answer:
B
Explanation:
Elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to change in the price of the commodity.
It is of 3 types
1. Price elasticity of demand
2. Income elasticity of demand
3. Cross elasticity of demand
Answer:
$180
Explanation:
Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.
Using this formula
Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer
Let plug in the formula
Warrant liability=30 x 10% x $60
Warrant liability=$180
Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180
Answer: Income will increase by $16 per unit
Explanation:
Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.
The effect on income if Derby decides to make the motors will be calculated thus:
In-house:
Direct material = 38
Direct labor = 50
Overhead (Incremental) = 21
Total variable cost = 109
Outside:
Cost of supply = 125
Therefore, the income per unit will increase by (125 - 109) = 16.
