The contract between Timmy and Jennifer is not valid for legal claims because there are no ways to prove the terms they agreed to for the sale/purchase of the car.
<h3>What is a valid contract?</h3>
When we enter into an agreement with another person to carry out any commercial activity, we generally must create a document in which all the terms and conditions of the contract are established in order to bind both parties to comply with the contract.
If another type of contract is made, for example by telephone, spoken or other modality that does not have ways of verifying what was agreed, it can be considered as invalid contracts.
Based on the above, the contract that Jennifer made with Timmy over the phone is invalid because there is no way to check what they agreed to.
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Answer:
Net present value of the project is closest to $15,542.00
Explanation:
The net present value of the project is the present value of cash inflows minus the initial investment.
The present value of the cash inflows is the yearly cash inflow of $133,000 multiplied by the annuity of 13% for 4 years i.e 2.974
Present value of inflows=2.974*$133,000=$ 395,542.00
initial investment is $380,000
Net present value=$ 395,542.00-$380,000.00=$15,542.00
Answer:
e. 1.23
Explanation:
As we know that
Old investment = $90,000
And, the new investment = 1,000 shares × $10 = $10,000
So, the total investment = $90,000 + $10,000 = $100,000
Now the beta would equal to
= (New investment ÷ total investment) × new beta + old investment ÷ total investment) × new beta
= ($10,000 ÷ $100,000) × 1.50 + ($90,000 ÷ $100,000) × 1.20
= 0.15 + 1.08
= 1.23
Answer:
C. just one organizational activity.
Explanation:
A functional manager refers to an individual or person who is saddled with the responsibility of controlling and overseeing the affairs of an organizational unit such as a department.
This ultimately implies that, a functional manager only has management authority over the particular department he or she is heading within an organization.
Functional managers are responsible for just one organizational activity such as marketing, engineering, procurement, information technology (IT), or accounting.
The main functions of a functional manager includes;
1. Managing the employees and resources under their control and supervision.
2. Ensuring that the goals and objectives of their development are in tandem with the vision, mission and strategic plan of the organization.
3. To track processes and manage tasks for his or her department.
Complete the statement
below that outlines the appropriate Federal income tax treatment of any gain or
loss on the stock sale.
<span>Samuel Reese
recognizes a loss of $125,550, of which $100,000 is an ordinary § 1244
deduction and $25,550 is a long-term capital loss.</span>