You don’t ask to be born but are expected to do everything asked of you
Answer:
Rivercity Coffee Shop
Chad cannot sue Jose. The $10,000 is paid to Jose is a bribe. Since a bribe is not legal, it cannot form the basis for an enforceable contract.
Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract
Explanation:
For a contract to be enforceable, it cannot be illegal. A bribe is illegal. The basis for the contract is illegal. Therefore, Chad cannot sue Jose. Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation. Jose cannot be held liable for non-performance.
Maybe you should start working on them now because if you don’t then it’s going to be on you. And you’ll have to redo whatever the class
Answer: $81.85
Explanation:
Additional Equity financing needed = Projected Assets - Projected liabilities - Projected increase in retained earnings - Current equity
Projected Assets = (Current Assets + Fixed Assets) * ( 1 + growth rate)
= ( 670 + 1,520) * ( 1.10)
= $2,409
Projected Liabilities = 360 * 1.1
= $369
Projected Increase in Retained earnings
= Sales * ( 1 + growth rate ) * profit margin
= 2,330 * 1.10 * 5%
= $128.15
Current Equity = Assets - Liabilities
= 670 + 1,520 - 360
= $1,830
Additional Equity financing needed next year= 2,409 - 369 - 128.15 - 1,830
= $81.85
