Answer: Contract is voided
Explanation:
From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.
We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.
A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.
Answer:
Explanation:
Given that:
annual demand = 7800 units
wholesale price = $325
retail price = 399
The per-unit cost for each item = $399 per unit
The annual cost to purchase the items = Annual demand × wholesale price
= annual demand × price of the wholesales
= 7800 × 325
= $2535000
I think the correct answer from the choices listed above is option D. <span>The rate of exchange has been fluctuating wildly this week. Rate of exchange is the one being monitored by every country every moment so it should be this the correct answer. Have a nice day.</span>
Answer:
(A) $1,000
Explanation:
Health Savings Account (HSA) is an account that offers tax advantages to those individuals who are covered under high deductible health plans(HDHPs).
Both Employers and Employees make contributions to such an account.
Under the laws, the maximum contribution allowable is $3400 by both employers and employees.
Such contributions can be used for qualified medical expenses.
Individuals who are above 55 years of age can contribute an additional $1000 per person per year as per the law which can be of much help to early retirees.
Hence, Ruth is allowed to make an additional contribution of $1,000.
The Day's sales uncollected ratio evaluates how quickly a company can convert its accounts receivables into cash.
<h3>What does the Days Sales Uncollected ratio exactly mean and how it is calculated?</h3>
Days Sales Uncollected is the ratio, which is used by the company to measure what number of days the customer will take to pay the credit card balance.
The Days Sales Uncollected ratio may be calculated through dividing the accounts receivable by net sales and multiplies it by 365.
This ratio is used to count the number of days, the corporation will acquire to receive the cash for its sale.
Learn more about the Days Sales Uncollected Ratio here:-
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