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Vlad [161]
2 years ago
11

Mrs. Martin tells some neighborhood kids that she will pay $100 if any of them mows her lawn. Jake goes to a hardware store, pur

chases a lawnmower for $60, and then mows Mrs. Martin's lawn. Jake has entered into which types of contract?
Business
1 answer:
s2008m [1.1K]2 years ago
7 0

Answer:

<u>a. Jake has made a unilateral contract with Mrs. Martin and a bilateral contract with the hardware store.</u>

Explanation:

Note that a <em>unilateral contract</em> occurs between Jake and Mrs. Martin because in business law this contract is created by an offer (the $100 to be paid) which is then accepted through performance (by Jake mowing the lawn).

Next Jake purchases a lawnmower from a hardware store in which a transfer of title for the lawnmower occurs (<em>a bilateral contract</em>). According to business law it is a case of bilateral contract because something of specific of value is exchanged; <em>meaning $60 is paid to transfer ownership of the lawnmower .</em>

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Sloan [31]

According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.

Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.

Learn more about functional job analysis:

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3 0
1 year ago
The "four P's" of marketing are
Alex73 [517]

Answer:

Product characteristics, price structure, placement strategy, and promotional strategy.

Explanation:

The 4p's are product price place and promotion

8 0
3 years ago
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X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th
tangare [24]

Answer:

See explanation Section

Explanation:

The journal entry to record the purchase of merchandise -

Merchandise Inventory          Debit        $300

Cash                                         Credit           $300

Note: As the perpetual inventory shows the running inventory of cost of goods available for sale. Therefore, every purchase of merchandise will directly debit the merchandise inventory and not the purchase account. Since the company paid immediately, cash decreased.

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3 years ago
Tobin Supplies Company expects sales next year to be $500,000. Inventory and accounts receivable will "increase $80,000" to acco
wel

Answer:

External funds needed = $40,000.

Explanation:

An increase in the firm's retained earnings (a component of the shareholder's equity) arises as a result of higher sales volume, thereby making the  Asset = Liability + Shareholder's Equity Equation unbalanced.

Therefore, there must be an increment in the firm's assets by an equal amount in order to re balance the equation. If there is an increase in assets by a greater magnitude than retained earnings increment, the gap is filled by external financing (which is a liability and increases the liability component of the equation).

Net income = Sales * profit margin = $500000*10% = $50000

Dividend= Net income * payout ratio = $50000*20%= $10000

Increase in retained earnings = Net income - Dividend = $(50000-10000)

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Increase in assets = $80000

External funds needed = $(80000-40000) = $40,000.

7 0
3 years ago
When making financial decisions, it is important that you critically evaluate the source.
svetoff [14.1K]
Hello,

Here is your answer:

The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!
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2 years ago
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