Answer:
The correct answer is (b)permitted because the contract is just for music lessons.
Explanation:
Recall that,
Johann, a well known musician agrees to give out ten lessons of guitar to Elton for an amount of $ 2000. this contract forbids delegation.
Since Johann delegates his obligation to Eugene who is a second year student in music, then his delegation is only allowed because the contract is to take music lessons and nothing more.
Answer:
Draw the person's budget constraint with the income guarantee
Answer:
$1.15 per share
Explanation:
The computation of the earning per share is shown below:
Earning per share = Net income ÷ common stock outstanding shares
where,
Net income is
= EBIT - interest expense - taxes
= $707,000 - $58,000 - $224,000
= $425,000
And, the common stock outstanding shares is 370,000
So, the earning per share
= $425,000 ÷ 370,000 shares
= $1.15 per share
(b) Increased effectiveness of collection methods - It will increase the turnover ratio and decrease the days to collect.
Effectiveness is the functionality of producing a preferred result or the capability to supply preferred output. whilst something is deemed powerful, way it has a supposed or predicted outcome, or produces a deep, vibrant effect.
Effectiveness is the principle noun form of the adjective effective, this means “ok to accomplish a cause; producing the supposed or predicted end result.” (another, less common noun form of effective is efficiency.).
Learn more about effectiveness here: brainly.com/question/14905866
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