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nordsb [41]
3 years ago
5

Gunnar, age 12, is paid $8 a week by his parents, bjorn and anna, to clean his room, fold and put away his laundry, take out the

trash, empty the dishwasher, and tend the sheep after school. on saturday, he offered to clean his room for additional time playing xbox. his room was very messy. which is true?
Business
2 answers:
daser333 [38]3 years ago
7 0

I guess the correct answer here is,

Cleaning his room would not be adequate consideration for the additional Xbox time.

Taya2010 [7]3 years ago
7 0

Answer:

Cleaning his room would not be adequate consideration for the additional Xbox time.

Explanation:

According to a different source, these are the options that come with this question:

  • Cleaning his room would be adequate consideration in exchange for playing Xbox.
  • Cleaning his room would not be adequate consideration for the additional Xbox time.
  • The contract is void as Gunnar is a minor.
  • None of the above.

In this example, we learn that the $8 that Gunnar is paid a week include the task of cleaning his room. Therefore, if Gunnar wants to do something in addition to this in order to earn more time with his Xbox, he needs to do something that is extra. In other words, a task that he was already meant to do cannot be adequate consideration for an extra reward.

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Answer: Setting interest rates and acting as a lender to banks

Explanation: The Fed or the Federal reserve is a central banking authority in any nation. It is responsible for maintaining the money supply in the economy. Some of the functions performed by the central bank are,

a. Setting interest rates and acting as a lender to banks

b. Print currency notes and coins

c. Setting the repo and the reverse repo rates

d. Clearing inter bank payments.

Therefore, the correct option is Setting interest rates and acting as a lender to banks.

5 0
3 years ago
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A firm earns a normal profit when its: Multiple Choice accounting profit is positive. economic profit is positive. economic prof
erastova [34]

Answer:

The correct answer is accounting profit is positive.

Explanation:

Economic profits are the difference between the total revenue earned by selling the goods and total costs incurred in the production process. It includes both implicit as well as explicit costs.

The explicit costs are the direct costs incurred in the production process. There is an actual payment involved.  

The implicit costs are the indirect costs incurred. They are generally the opportunity cost of sacrificing the alternative option. There is no actual payment involved.  

The accounting profits include only explicit costs incurred in the production process. It is the difference between total revenue earned and explicit cost.  

A normal profit means zero economic profits. But accountable profits is higher than economic profits, so there will be some positive accountable profit.

8 0
3 years ago
What type of a goal is graduating from college in four years?
eimsori [14]

Answer:

Explanation:

Any goal it's your opinion to be a successful person. Just never give then you will get it.

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Casey is the 12% marginal tax bracket, and Jean is in the 35% marginal tax bracket. Their employer is experiencing financial dif
larisa [96]

Answer:

Casey would prefer option 1; that he pays the premiums ($8,000). Even if Casey cannot deduct his insurance premiums as medical expenses, his income will only be reduced by $8,000. If he decided to take option 2, his income would be reduced by $8,800 (= $10,000 - 12%), so he is saving $800 by taking option 1.

On the other hand, Jean would prefer option 2; that her salary is reduced by $10,000 and her employer pays the premiums. By choosing option 2, Jean is going to lose $6,500 (= $10,000 - 35%). If she chose option 1, her income would be reduced by $8,000, so she is saving $1,500 by choosing option 2.

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C.I consumer right that protects individuals from extremely high interest rates

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