<span>Answer:
A court is most likely to rule against Flossy and in favor of Garth. Garth provided legally sufficient consideration by losing 100 pounds in weight over the stipulated two-year period. Generally, a waiver of a le- gal right—in this case, the right to eat to obesity—at the request of another party is sufficient consideration to support a promise. The promise in this question was the payment of $10,000. It does not matter whether the performance—the loss of weight—also benefited the Garth.</span>
Answer:
Total Product
Explanation:
Total Product is the term which is defined as the overall quantity of the output that the organization or the firm produces or manufacture, mostly specified in the relation to the variable input.
So, spokes is the one who sells the accessories and the bicycles, have a pleasant, friendly environment. All the elements are the part of the total products which is offered by Spokes.
Answer:
The correct option is A
Explanation:
Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.
Transaction costs can be of different types which are:
- search costs
- monitoring costs
- Bargaining costs
- transfer costs etc.
Answer:
.A. knowledge
Explanation:
Business knowledge refers to an entrepreneur's understanding of customers' preferences, staff skills, business operations and processes, and overall market trends. When expertly gathered, business knowledge is an essential reference point for decision making. The information is useful for continued business growth and identification of new opportunities.
Market research is one way of gathering knowledge. Before the study, David appeared to be unaware of his customer preferences. Lack of business knowledge can lead to the loss of customers and the collapse of a business. Business owners can also gain knowledge through employee and supplier networks.
Answer:
net sales: 638,000
Explanation:
Accounting works on accrual basis. We must match the transaction with the period they occur. The year-end adjustment are done to reflect the discount, return and allowance forthe current year sales so; we must include thme in the calculation for this year. If not, then we will be charging next year sales with discount on sales of the previous year.
salesrevenue : 750,000
discount (20,000 + 2,000) (22,000)
allowance (30,000 + 4,000) (34,000)
returns (50,000 + 6,000) (56,000)
net sales: 638,000