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Galina-37 [17]
3 years ago
6

Alex, a 25-year-old banker, joined his friends at a "pub-hopping" trip that had participants visiting six bars in a two-hour spa

n of time. Between the fifth and final pub stop, a highly intoxicated Alex stopped to use the bathroom at a local luxury car dealer, who was holding a special evening sales event. Seeing all the cars and thinking he was signing up for training as a race car driver, Alex mistakenly signed a contract to purchase the $188,425 emerald-green Ferrari displayed in the showroom. The next day, a sober Alex found the contract paperwork at the foot of his bed, and with no memory of the previous evening, quickly headed to the dealership. As he began to explain to the sales manager Janine about the drunken purchase mistake, he changed his mind, and decided to keep the car. Manager Janine, however, took the contract copy from Alex and ripped it up, saying "You're not responsible enough to own this car." Does Alex keep the Ferrari?
Business
1 answer:
Mrac [35]3 years ago
7 0

Answer:

Yes because Janine cannot void the contract

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A marketing concept is a plan on how to market a product of service to consumers.
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What budgeting option is best used only with limited resources and expenses?
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Answer: Mental budgeting.


Explanation: This concept is very much in consistent with the concept of mental accounting. The concept of mental accounting says that a person has already classified the areas where he will be spending his income and each area has its own importance and is given particular amount to that. Contrary to this, however, the mental budgeting is the phenomenon which uses the same technique but in such a way that it calculates the amount to be spend on multiple areas beforehand and using the rational cognitive ability, imagine the possibility that if an area would be left without spending money on that, would that help him save or not.

4 0
3 years ago
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Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 14,000 Selling price per un
timama [110]

Answer:

Results are below.

Explanation:

<u>Traditional format income statement:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 10,000 + 86,000 - 23,000

COGS= $73,000

Sales= 14,000*17= 238,000

COGS= (73,000)

Gross profit= 165,000

Total selling expense= (2*14,000 + 19,000)= (47,000)

Total administrative expense= (3*14,000 + 15,000)= (57,000)

Net operating income= 61,000

<u>Contribution margin income statement:</u>

<u>Total variable cost=</u> 73,000 + 14,000*2 + 14,000*3= 143,000

Sales= 14,000*17= 238,000

COGS= (143,000)

Gross profit= 95,000

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Total fixed administrative expense= (15,000)

Net operating income= 61,000

3 0
3 years ago
Which of the following statements about cover letters is false?
Law Incorporation [45]

The false statement about cover letters is that: C. a cover letter is sent before a résumé so that the employer knows it is coming.

<h3>What is a cover letter?</h3>

A cover letter can be defined as a type of letter that is attached as an introduction and it generally accompanies another document such as a résumé.

This ultimately implies that, the false statement about cover letters is saying it's sent before a résumé to an employer of labor, so he or she knows it is coming.

Read more on cover letters here: brainly.com/question/24136973

#SPJ1

7 0
2 years ago
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