1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xxTIMURxx [149]
3 years ago
11

In terms of the number of contracts as well as the dollar volume, what kind of contract constitutes the largest class of contrac

ts in our economic system?
Business
1 answer:
AlexFokin [52]3 years ago
7 0

Answer:

The correct answer is The Sale of Goods.

Explanation:

The sale of goods constitutes the action by which furniture and real estate, securities and securities are disposed of at a certain price.

For legal purposes, the sale originates through a contract known as a sale, under which a good or service is transferred to a foreign domain for a previously agreed price.

The contract of sale is composed of personal, real and formal elements in order to establish the parties and their obligations and indicate the price and characteristics of the good or service for sale, which is why it is determined as a bilateral contract.

You might be interested in
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, vari
AnnyKZ [126]

Answer:

The correct answer is $95,100.

Explanation:

According to the scenario, the computation of the given data are as follows,

We can calculate the net operating income by using following formula:

Net operating income = ( Beta margin + Alpha margin) - Non traceable fixed expense

Where, Beta margin = Sales - variable expense - traceable fixed expense

= $310,000 - $155,100 - $71,300

= $83,600

And, Alpha margin = Sales - variable expense - traceable fixed expense

= $620,000 - $339,800 - $133,500

= $146,700

So, by putting the value in formula, we get

Net operating expense = ( $83,600 + $146,700 ) - $135,200

= $230,300 - $135,200

= $95,100

6 0
3 years ago
Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $182,000
MrRa [10]

Answer:

Total cost= $18,200

Explanation:

Giving the following information:

Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $182,000 a year. It is estimated that these employees move 620,000 pounds of material per year. 62,000 pounds are moved in March.

Proportion for March= 62,000/620,000= 0.1

Total cost= 182,000*0.1= 18,200

5 0
3 years ago
If a corporate bond with face value of $1,000 has an interest rate of seven percent paid once a year for a term of 10 years, wha
KiRa [710]
I believe the answer is $700.
4 0
3 years ago
The organizational environment is a set of forces and conditions that operate within an organization's boundaries. true false
julia-pushkina [17]

Answer:

False.

Explanation:

The organizational environment is a set of forces and conditions that operate outside an organization's boundaries and has the potential or capability of affecting its operations, resources and performance, either fully or in parts.

Some examples of an organizational environment are competitors or rivals, government policies, regulatory agencies, suppliers, customers etc.

8 0
3 years ago
Scout Company sold $15.000 of merchandise in September with a three-month warranty. The cost to repair defects under warranty is
chubhunter [2.5K]

Answer: debit to Product Warranty Expense for $750

Explanation: 5% of $15000 =

5 ÷ 100 × $15000 is $750.

This is an expense and so will be a debit.

8 0
2 years ago
Other questions:
  • In Section 7, the word warranty is best defined as A) a contract between USATestPrep and its Customers. B) a guarantee of any pa
    7·2 answers
  • Determine the amount to post to the Cash T-account. Event Debit/Credit Purchase equipment by signing a note with the bank for $2
    5·1 answer
  • A ______ is a document prepared by the organization to identify and attract the right vendors to supply software, hardware, and
    14·1 answer
  • A donor gave $75,000 to a nongovernmental, not-for-profit charity with instructions that the funds be transferred to Sam Smith,
    8·1 answer
  • Which of the following characteristics is a disadvantage of cloud-based hosting?
    8·1 answer
  • Serengeti makes lightweight sunglasses with 100 percent UV protection for people who love to hunt, hike, and bike ride. Its plan
    10·1 answer
  • Because of the legal protection for intellectual property, such as patents, a firm has a better chance of recouping the costs of
    13·1 answer
  • Suppose a tax of $3 per unit is imposed on a good. The supply curve is a typical upward-sloping straight line, and the demand cu
    5·1 answer
  • Omni Metals Company and Piecework Fabrication, Inc., enter into a contract under which Omni agrees to deliver a certain quantity
    9·1 answer
  • Kari has been saving money for college for the past four years; she thinks that she is close to her goal amount of $30,000 which
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!