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chubhunter [2.5K]

3 years ago

5

Abby promises to pay Brian $50 if he mows her lawn. Brian does not promise to mow Abby's lawn; however, later that day, Brian co

mpletely and satisfactorily mowed Abby's lawn. This is an example of a unilateral contract.
True / False.

1 answer:

denis-greek [22]3 years ago

8 0

I believe the answer is true.

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Which statement is NOT true?

Kisachek [45]

Explanation:

The Answer Is C. That's It

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2 years ago

Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,

Papessa [141]

Answer:

<u><em>Option B. $1,025 a month for 10 years.</em></u>

Explanation:

Calculate the present value of each option:

$\text{Monthly rate: } 6.8\%/12 = 0.068/12 = 0.005\overline 6$

Formula:

$PV=C\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]$

Where:

PV is the present value of the constant monthly payments
r is the monthly rate
t is the number of moths

<u>1. Option A will provide $1,500 a month for 6 years. </u>

$PV=$\ 1,500\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(6\times12)}}\bigg]$

$PV=\$ 88,479.23$

<u>2. Option B will pay $1,025 a month for 10 years. </u>

$PV=$\ 1,025\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(10\times12)}}\bigg]$

$PV=\$ 89,068.22$

<u>3. Option C offers $85,000 as a lump sum payment today. </u>

<u></u>

PV = $85,000

<h2 /><h2> Conclusion:</h2>

The present value of the<em> option B, $1,025 a month for 10 years</em>, has a the greatest present value, thus since he is only concerned with the <em>financial aspects of the offier</em>, this is the one he should select.

3 0

3 years ago

Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000

Arisa [49]

Answer:

Total variable cost= 90,000

Total fixed costs= 8,000

Total costs= $98,000

Explanation:

Giving the following information:

Production of 15,000 units:

Fixed costs= $8,000

Total variable cost= $75,000

We have no reason to believe that the fixed costs will change. If 18,000 units remain in the relevant range, the fixed costs are constant.

<u>We need to calculate the unitary variable cost:</u>

Unitary variable cost= 75,000/15,000= $5

Now, for 18,000 units:

Total variable cost= 5*18,000= 90,000

Total fixed costs= 8,000

Total costs= $98,000

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3 years ago

What is gross profit? (Select the best answer.)

BlackZzzverrR [31]

The money left over the cost of making a product or providing a service

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3 years ago

Please select the industry-standard types of cameras. A)Point and shoot B)Camera Phone C)HDR D)Polaroid E)DSLR

Delicious77 [7]

Answer: Polaroid and HDR D

Explanation:

8 0

3 years ago

Read 2 more answers