Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.
Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
Answer:
mutual mistake
Explanation:
A mutual mistake happens when all the parties involved in a contract (two or more) are mistaken or do not know the correct information about some specific material fact that is relevant to the contract. In this case, the contract can be rescinded because Harry believes that Ryan wants to buy his Cadillac, while Ryan believes Harry is selling his Porsche.
Since both of them are mistaken and do not know relevant material facts regarding the contract, the contract can be terminated.
The accounting measure of a firm's stock price is called market value.
<h3>What is
market value?</h3>
The market value, or OMV, of an asset is the price at which it would trade in a competitive auction environment. Although these phrases have different definitions in different standards and differ in some instances, market value is frequently used interchangeably with open market value, fair value, or fair market value.
Market value (also known as OMV or "open market valuation") is the price an asset would fetch in the marketplace, or the value assigned to a specific equity or firm by the financial community.
To get a company's market worth, multiply the total number of shares outstanding by the current price per share.
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Answer: e. Success will cause another outlet to be opened nearby.
Explanation:
Another franchise opening does not depend on the success of Mc-King because this would imply that the funds from the successful outlet will be needed to open a new branch.
Franchises are opened with minimal capital from the side of the franchisor so the success of an outlet is not a factor in franchising. Even if he not making enough to start another outlet using his own funds, franchising will enable him to by using the funds of others.
A warranty is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.
A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally-guaranteed service replacement or issue correction for the period of the warranty.
A warranty is a promise made by a manufacturer or seller that they will fix or replace any defective goods.
A product is guaranteed to be suitable for its intended use and to live up to the buyer's expectations by an implied warranty. They may be expressed orally or in writing.
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