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IrinaVladis [17]
4 years ago
10

Onsite Restoration Inc. begins renovating houses for Property Company under a contract for a stated amount per house. After six

months, Onsite demands an extra $20,000 per house, stating no reason for the extra $20,000, but asserting that it will stop work if it is not paid. The agreement is ___________.
Business
1 answer:
nika2105 [10]4 years ago
8 0

Answer:

A Binding Contract

Explanation:

Binding contracts are legal agreements between two or more parties, which are enforceable by law. They may not always be in writing. Sometimes, verbal statements can be legally construed as an offer or contract, even when the party never intended it as such.

Therefore although Onsite Restoration may not have intended to continue after 6 months at the agreed upon price, the contract with Property company is binding and Onsite can be sued if work is stopped

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on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses
MatroZZZ [7]

Answer:

Misrepresentation.

Explanation:

In this scenario, on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. The company is guilty of misrepresentation.

Misrepresentation can be defined as an untrue or misleading statement of fact made by a party to an individual or group of people to deceitfully lure or induce them to go into a contract. A company stating in its advert that it has funds in its possession but in the true sense or actual fact do not have the funds for payment of losses or claims; such a company is engaging in a fraudulent act and is liable to prosecution in any court of competent jurisdiction.

8 0
3 years ago
As the dominant member of the channel of distribution, Coca-Cola holds a lot of power in the relationship with independent groce
sergij07 [2.7K]

Answer:

2. an administered vertical marketing system.

Explanation:

  • A vertical marketing system is a form of the cooperation between the multiple levels of the distribution channels and member works together to promote efficiency and the economies of scale.
  • In this way the productions are promoted to the customers and credit can be given to them and the products are fully inspected and delivered.
  • A dominant member of the channels of distribution the coca-cola company has independent stores and functions to provide the setting up displays and merchandise.
8 0
3 years ago
You buy a seven-year bond that has a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to mat
Rufina [12.5K]

Answer:

HPR = 0.371%

Explanation:

we must first determine the price of the bond in 1 year:

present value of face value = $1,000 / (1 + 6.25%)⁶ = $695.07

present value of coupon payments = $52.50 x 4.87894 (PV annuity factor, 6.25%, 6 periods) = $256.14

market price in 1 year = $951.21

since you bought the bond at face value (market value = YTM), the the holding period return is:

HPR = [(ending price - actual price) + dividends received] / actual price

HPR = [($951.21 - $1,000) + $52.50] / $1,000 = $3.71 / $1,000 = 0.371%

5 0
3 years ago
Early in 2017, Thompson Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent
Nina [5.8K]

51.2 days in inventory ratio decrease as a result of the switch to the JIT system

Explanation:

Just in time (JIT) output is a process technique designed to reduce the processing cycles of production systems, as well as the reaction times of manufacturers and consumers. JIT production allows companies, while lowering costs, to manage variation in their operations.

Inventory turnover shall be calculated by the split price of products sold by average stock before days in inventory can also be determined.

Inventory turnover = 3.9 times ($624,000/160,000) in 2016 and

8.6 times ($688,000/80,000) in 2017.

Dividing 365 by stock days in every statistic results of 93.6 and 42.4 days, respectively, a decrease of 51.2 days.

7 0
3 years ago
While preparing a assessment of your job performance the previous year, you are required to list three goals for the coming year
Kisachek [45]

Answer:

Realistic

Explanation:

The  acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that  goal setting should adhere to, to ensure that the goal is achieved.

The criteria Realistic in "SMART"  emphasizes that a goal that is been set should  be realistic and  achievable  given the available resources and time.

The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

4 0
3 years ago
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