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andrey2020 [161]
3 years ago
5

A principle under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable

person, rather than by the party's own secret, subjective intentions is called:_________
Business
1 answer:
andriy [413]3 years ago
5 0

Answer:

Objective Theory

Explanation:

The Objective theory states that the intent to form a contract will be judged by outward objective facts such as the words and actions of the party instead of the secret, subjective intentions. This theory replaced the Subjective theory in the late nineteenth century. The former theory was of the opinion that the meeting of minds, which translates to the unexpressed intentions of the party would form a basis for interpreting the intent to form a contract.

The objective theory is important as it advocates freedom to a fair hearing, freedom of contract, and personal independence or sovereignty.  

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1) A global company can be headquartered anywhere, but usually most of its employees come
Svetradugi [14.3K]

Answer:

False

Explanation:

A global company is a country that extends beyond the boundaries of the country of origin to carry out business activities but still maintain a consistent practice with the origin company

However , despite the its presence in other countries , the headquarters remains in the country of origin.

Moreover , it does not need to depend on the employees from the home country but rather from the host country.

8 0
3 years ago
Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the
Triss [41]

Answer:

ATTACHED file with the bonds schedule

Explanation:

First, we solve for the proceed from the issuance:

PV of the coupon:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 25,000.000 (500,000 x 10%/2)

time 7 (3 and a half year x 2 payment per year)

rate 0.06 (12% annual / 2)

25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\

PV $139,559.5360

PV of maturity:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   500,000.00

time   7.00

rate  0.06

\frac{500000}{(1 + 0.06)^{7} } = PV  

PV   332,528.56

PV c $139,559.5360

PV m  $332,528.5568

Total $472,088.0928

Then we construct the bonds schedule as follows:

procceds 472,088

face value 500,000

discount on bonds payable -27,912

bond rate 0.05

market rate 0.06

ionterest expense: carrying value times market rate:

472,088 x 0.06 = 28,325.29

cash outlay          25,000

amortization          3,325.29

carrying value after first payment:

472,088 + 3,325.29 = 475,413.29

and the process repeat for all periods.

3 0
2 years ago
Sydney worked as an Urban Planner before switching to City Court Clerk. What most likely remained the same despite the job chang
pantera1 [17]

Answer:

It's A. If i got this from Quizlet and it said it was right.

Explanation:

edge2020

8 0
2 years ago
Read 2 more answers
The compensation associated with executive stock option plans is:A. The book value of a share of the company's shares times the
Mekhanik [1.2K]

Answer:

The correct answer is letter "B": The estimated fair value of the options.

Explanation:

Employee Stock Options or ESOs are equity compensations given be firms typically to high-range executives. The company provides the workers with call options so employees can purchase the derivatives at a certain price and time. These types of compensations are useful as motivations for the employees to help them perform better in their duties.

5 0
3 years ago
Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entri
Mnenie [13.5K]

Answer:

$97,600

Explanation:

First, we need to get the value for uncollectible in accounts receivable

= 2% Multiplied by balance in accounts receivable as uncollectible

= 2% × 100,000

= $2,000

We will then subtract the balance above which is the uncollectible from the accounts receivable

= $100,000 - $2,000

= $98,000

The net realizable value would the be ;

= $98,000 - $400

= $97,600

8 0
3 years ago
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