4) Identify the elements that are necessary to make a contract valid

On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the co

Step2247 [10]

Answer:

Amount borrow P = $15,026.296

Explanation:

Given:

Amount pay A = $20,000

Number of year n = 3

Rate r = 10% = 0.10

Find:

Amount borrow P

Computation:

A = P[1+r]ⁿ

20,000 = P[1+r]³

20,000 = P[1+0.10]³

20,000 = P[1.10]³

20,000 = P[1.331]

Amount borrow P = $15,026.296

5 0

2 years ago

The breach of the fiduciary duty by an agent: a. results in termination of the agent. b. terminates the agent's apparent authori

oksian1 [2.3K]

Answer:

The correct answer is letter "A": results in termination of the agent.

Explanation:

Principal-agent relationships are based on a fiduciary duty or, in other words, trust. Principal-agent problems typically arise because principals tend to delegate agents the execution of activities that benefit the principals but not the entity the agent represents. Thus, <em>if the trust between them is broken, principals, as owners of the entity, terminate the agent's contract.</em>

5 0

3 years ago

You've been tasked with marketing a new line of plumbing services, but you have a set budget you can't exceed. Why is Google Ads

Cerrena [4.2K]

Answer:

d. Google Ads gives you control over your budget.

Explanation:

As the services work with daily budget the company can chose every day to change the amount of advertizement into the campain Making more ads at lauch and then decreasing overe the following days.

This is not posible in other methods as the radio fee or TV fee are purchase per broadcast or per month thus, the company either pays the fee or the product doesn't get the add.

On gogle add the company decide the amount. Which clearly is a better deal for small and medium firm and even larger firm as well.

7 0

2 years ago

For america, the ________ was a great failure of foreign intelligence, a great tactical military success, and a great political

Liula [17]

The Tet offensive was considered to be one of the great debacles of foreign intelligence, wherein it yielded a military success however suffered a great political defeat. In addition, the military operation was considered to be one of the largest military offensive in the course of the Vietnam War.

4 0

3 years ago

Blue Point Company is formulating its marketing expense budget for the month of September. Sales in units for August amounted to

Anna007 [38]

Answer:

See below

Explanation:

Computation of estimated cash payment expense is seen below

Variable expenses

Sales in unit for August 4,000

Sales in unit September 4,000 × 110% = 4,400

Total variable expense 4,400 × $0.15 = $660

Fixed expense per quarter

Salaries $5,000 × 3 = $15,000

Depreciation $1,500 × 3 = $4,500

Total = $19,500

Budget total = $20,160

Estimated cash payment = $20,160 - $4,500 = $15,660

8 0

3 years ago