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STatiana [176]
3 years ago
6

On May 1, 1972, Mix, CPA, entered into an oral contract with Dell to provide certain accounting services to Dell. The contract w

as fully performed by both parties in 1974. On April 25, 1988, Dell commenced a breach of contract action against Mil claiming that Mil had improperly performed the accounting services. Mix's best defense to the action would likely be the
a. Parol evidence rule
b. Statute of limitations
c. Statute of frauds
d. Lack of consideration
Business
1 answer:
zloy xaker [14]3 years ago
5 0

Answer:

B

Explanation:

123

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In the u.s each additional year of schooling has historically raised a person’s wage on average by about __________.
Feliz [49]
History raise a person wage on average by about 8.50
3 0
3 years ago
Jennifer couldn't believe her bad luck. The business planning cycle at Allworld Insurance was almost over. The only thing her bo
VashaNatasha [74]

Answer:

Allworld Insurance

1. Mission Statement

2. Tactical

3. Strategic

4. Operational

Explanation:

(A) Tactical plans include specific actions to enable the achievement of company-wide strategies.

(B) Mission statement describes the goal of an entity.  For example, a mission statement can describe an entity as renowned for its efficiency and cost reduction for its customers.

(C) Operational plans cover daily and routine activities at the individual level of the organization.

(D) Strategic plans embrace the whole organization and establishes how organizational goals will be achieved.

6 0
3 years ago
A company is considering investing in a new machine that requires a cash payment of $38,209 today. The machine will generate ann
navik [9.2K]

Answer:

The IRR is 10%.

Explanation:

a) Calculation of Internal Rate of Return (IRR):

We choose a discount rate, say 10% and use it to discount the cash flows to their present values.  If the net present value (NPV) of all the cash flows equals zero, then that discount rate is accepted as the IRR.

b) Without 10% discount rate, the discount factors are for:

1st year = 1.1 (1 + discount rate) raised to power 1

2nd year = 1.21 (1 + discount rate) raised to power 2

3rd year = 1.331 (1 + discount rate) raised to power 3

c) These discount factors will divide the cash inflows for each year:

1st year, NPV = $15,364/1.1 = $13,967.27

2nd year, NPV = $15,364/1.21 = $12,697.52

3rd year, NPV = $15,364/1.331 = $11,543.20

Total NPV of inflows                 = $38,209 approximately

NPV of outflows                         -$38,209

NPV of inflows and outflows      $0

So, the IRR is 10%.

IRR is a capital budgeting metric to measure profitability by using a discount rate which makes the net present value of all cash flows to become zero.  To get a suitable rate, trial and error is involved, or one can make use of educated best guess.

8 0
3 years ago
Which of the following is a correct statement?
Nastasia [14]

Answer:

The answer is B.

Explanation:

In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.

In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.

8 0
2 years ago
Which of the following is true of viral marketing? It is the Internet version of word-of-mouth marketing. It refers to problems
Mice21 [21]

Answer:

Viral marketing is the Internet version of word-of-mouth marketing.

Explanation:

Viral Marketing is a term that can be best understood by considering the way a virus spreads continuously from one person to another and then to others.

Viral Marketing entails the <em>use of social media and other digital platforms or the internet to spread information.</em><em> </em>

It involves people coming in contact with an organization's marketing message and then sharing it with others who also share it with other people till it "goes viral".

5 0
3 years ago
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