1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
djyliett [7]
3 years ago
8

Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years,

I promise to give you a new car next week." However, he did not give the car. Is this promise legally enforceable
Business
1 answer:
anastassius [24]3 years ago
8 0

Answer:

No, legal consideration is absent

Explanation:

According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.

In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.

Therefore the correct answer is No, legal consideration is absent

You might be interested in
In preparing a responsibility income statement that shows contribution margin and responsibility margin, two concepts are involv
Ivenika [448]

Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.

Explanation:

The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.

In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.

As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.

4 0
3 years ago
Internal processes of a company contribute to the company's overall effectiveness. Identifying ways to improve internal processe
Contact [7]

Answer:

Explanation:

Internal processes of a company contribute to how effective the company runs. Looking for areas and ways to improve the internal processes will aid in building an organization that is highly efficient. The major causes needs to be known.

Ways of identifying the root causes might not be possible until basic analysis is carried out or sometimes it might be visible depending on the major problem facing the organization internally.

Internal process of a company increase the effectiveness of such company, identifying how to improve these internal processes helps to build an organization that is highly efficient.

6 0
3 years ago
Suppose that an income producing property is expected to yield cash flows for the owner of $150,000 in each of the next five yea
vivado [14]

Answer:

$1,449,635.50  

Explanation:

The computation of the value of the property today is shown below:

First the present value for 5 years is

Year Cash flows    Discount factor      Present value

1 $150,000  0.925925926 $138,888.89  

2 $150,000  0.85733882         $128,600.82  

3 $150,000  0.793832241         $119,074.84  

4 $150,000  0.735029853         $110,254.48  

5 $150,000  0.680583197          $102,087.48  

Total present value            $598,906.51  

The discount factor is

= 1 ÷ (1 + rate)^years  

And, the formula of future value is

Future value = Present value × (1 + rate)^number of years

$1,250,000 = Present value × (1 + 0.08)^5

$1,250,000 = Present value × 1.469328077

So, the present value is $850,729

Now the today value of the property is

= $598,906.51 + $850,729

= $1,449,635.50  

7 0
3 years ago
Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans
alisha [4.7K]

Answer and Explanation:

The computation is shown below:

But before that we need to find out the current asset which is

The Net working capital = Current assets - current liabilities

$246,000 = Current assets -$790,000

So, the current assets is $1,036,000

Now the book value of Klingon’s total assets is

Total assets = Current assets + net fixed assets

= $1,036,000 + $6,000,000

= $7,036,000

The sum of market value of NWC and fixed assets is

= Market value of net working capital + market value of fixed assets

= $1,130,000 + $7,400,000

= $8,530,000

7 0
3 years ago
Please help! ♡
bearhunter [10]
Well social disorganization could lead to Lee's loyalty people or follower and with out an organization things or people aren't put to play e which can lead them to think they can do what ever they want whenever
4 0
3 years ago
Other questions:
  • School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game, but others
    6·2 answers
  • In general, ____ parking spaces are easier to maneuver. A. parallel B. straight-in C. hill D. angle
    15·1 answer
  • Gates entered into a contract with Mennonite Deaconess Home & Hospital for the installation of a new, "one-ply roofing syste
    5·1 answer
  • During an interview with Heidi Royce, she confessed to accepting $64,500 in kickbacks from a key supplier over the last 6 months
    11·1 answer
  • In un sistema economico l’offerta di lavoro da parte delle famiglie `e fissa e pari a Ls = 9. Nel sistema operano 100 imprese id
    8·1 answer
  • Help me <br> Can any one answer me these
    15·1 answer
  • JeMarcus is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to
    9·1 answer
  • Why do people start business?​
    14·1 answer
  • Differential pricing means different buyers pay different prices for the same quality and quantity of a product.
    8·1 answer
  • If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gr
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!