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nordsb [41]
4 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]4 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]4 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:

C. opportunity cost

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For example, let us assume that Amanda leaves her job where she earns $250,000 to start a business where she earns $500,000. Her opportunity cost is $250,000 which is the salary she forgoes when she decided to start her business.

I hope my answer helps you

3 0
4 years ago
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Which of the following is the appropriate rank of sectors (from lowest to highest percentage) of the U.S. Gross Domestic Product
Brilliant_brown [7]

Answer:

B). Agriculture, Industry, Services.

Explanation:

The United States is a highly developed country owning a mixed economy. Its GDP and net wealth makes it the largest economy of the world. The economy of the United States in divided into three major sectors i.e. Agriculture or the primary sector, the Industrial sector, and the service sector. The service sector contributes most to the US economy with 68% of its contribution. The primary sector contributes 5.4% to the GDP and the industry with 26.6% of its contribution to the development of U.S. economy. Thus, <u>option B</u> is the correct answer.

6 0
3 years ago
The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. If a large
pochemuha

Answer:

Convertible bonds

Explanation:

One advantege of convertible bonds for the issuer is that bondholders are willing to accept a loxer interest rate because they have an option of converting their bonds to common stock.  

If a company wants to issue bonds at an interest rate that is lower than the current market interest rate, they should offer convertible bonds.

6 0
3 years ago
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Answer:

a debit to interest expense and premium on bonds payable and a credit to cash

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(To record the amortization of premium on bonds payable on an interest payment date)

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I hope that helped
4 0
3 years ago
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