Answer: Revoking once the performance begin is not possible.
Explanation:
Under the modern-day view, an offer that can only be accepted by completion of a specific act cannot be revoked once performance has begun.
Answer:
She is more likely to get a loan with a low interest rate
Explanation:
A low credit score indicates inadequate debt management by an individual. It communicates that the person borrows but does not pay promptly, misses on installments, or is a defaulter. A person with a low credit score is therefore considered a high-risk borrower.
In practice, a person with a poor credit score may find it challenging to obtain credit. Lenders and car dealers may set tough conditions before issuing the loan, such as a higher deposit requirement. Before applying for a car loan, an individual with a poor credit score may consider improving their score. A person with a low credit score will pay a higher interest rate for the loan, if approved.
Answer:
The depreciation expense for year 2 is $13,469
Explanation:
Computing the depreciation expense for year 1 is:
Depreciation expense = Asset cost / Number of useful life
= $110,000 / 7
= $15,714.28
Computing the depreciation expense for year 2 is as:
Asset cost for year 2 = Asset cost - Depreciation expense for year 1
$110,000 - $15,714.28
= $94,285.72
So, depreciation expense would be:
Depreciation expense = Asset cost for year 2 / Number of useful life
= $94,285.72 / 7
= $13,469
Answer:
The correct answer is c. poorly performing firms.
Explanation:
Corporate governance is the set of rules, principles and procedures that regulate the structure and operation of the governing bodies of a company. Specifically, it establishes the relationships between the board of directors, the board of directors, the shareholders and the rest of the interested parties, and stipulates the rules governing the decision-making process on the company for the generation of value.
In recent years, and more specifically following the onset of the financial crisis, the international community has understood the importance of listed companies being managed in an adequate and transparent manner. The good governance of companies is the basis for the functioning of markets, as it favors credibility, stability and contributes to boosting growth and wealth generation.
The weakness shown by corporate governments of large organizations in the past has multiplied the demands for transparency, truthfulness, good practices and responsible business behavior on the part of investors, consumers and society in general, which not only pay attention anymore. to financial indicators, but they also want to know how those results have been achieved.
