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rosijanka [135]
3 years ago
6

Abner tells a representative of Brass & Woodwind Musical Instruments, Inc., that he will pay for Claudia’s trumpet if she do

es not. Abner does not secure any personal benefit for this promise. This promise is enforceable as a contract​:___________.
a. ​under any circumstances.
b. ​only if it is in writing.
c. ​only if the value of the trumpet is more than $500.
d. ​only if Claudia agrees to it.
Business
2 answers:
Svetllana [295]3 years ago
8 0

Answer:

Option B

If only it is in writing

Explanation:

At this point in time, Abner is opting to act as a surety for Claudia. and surety contracts are legally binding, once they are signed.

Claudia already owes Brass & Woodwind Musical Instruments, Inc and there is a contract already existing between the two parties. for Abner to decide to pay Claudia's fee, it means that Abner wants to act as surety for Claudia.

However, surety contracts need to be written down and signed for them to be effective. This makes option B the correct answer

coldgirl [10]3 years ago
3 0

Answer:

The correct option is B,​only if it is in writing.

Explanation:

Such promise is not enforceable since one of key elements of enforceable agreement(contract) is missing.

The missing element is that Abner is not getting anything of value in return for the promise to pay for Claudia's trumpet.

The only way to get Abner to fulfill the promise in law parlance is get the promise documented as well as signed by Abner,that can be used as an evidence against Abner in future in order to ensure the promise is fulfilled.

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The ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the yea
Vika [28.1K]

Answer: $4.1 million

Explanation:

From the question, we are informed that the ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year and that the company had declared a dividend of $1.5 million.

The net income earned during the year will be:

= $2.6 million + $1.5 million

= $4.1 million

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The IRS has the authority to assess a monetary penalty to who
asambeis [7]

the IRS has the authority to impose penalties on tax professionals.

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5 0
1 year ago
Lightwire Co. made the decision a decade ago to make the copper wires it needs for its products in house rather than outsourcing
sineoko [7]

Answer: <em>Option (A) is correct</em>

Explanation:

Here in the given case, in the context of supply change, the corporation did go wrong on part of adaptability. Adaptability is known as a feature of a process or of a system. This term has been utilized in several different discipline and organization operations. According to Gronau and Andresen, adaptability in organizational management can be referred to as ability to bring changes to oneself or something in order to fit the changes occurring.

3 0
3 years ago
Why the exist an economy?
MAVERICK [17]

Answer:

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hope this helps

Explanation:

4 0
2 years ago
Buffalo National Corp. (BNC) is currently an all-equity firm worth $320 million with 50 million common shares outstanding. BNC p
balu736 [363]

Answer:

The solution as per the given problem is provided below throughout the explanation portion below.

Explanation:

The given values are:

Debt issued,

= 120

Pretax earnings,

= 80

Tax,

= 35%

All equity firm,

= $320

Number of common stock,

= 50

(a)

Balance sheet before the debt issue's announcement will be:

<u>Assets </u><u>                                 320</u>

<u>Debt   </u><u>                                    0</u>

<u>Equity  </u><u>                                 320</u>

then,

The total will be "320".

(b)

The per share price will be:

= \frac{Equity}{Number \ of \ common \ stock}

= \frac{320}{50}

= 6.40

or,

After tax, the net income will be:

= EBIT(1-t)

= 80(1-0.35)

= 80\times 0.65

= 52

(c)

The return on equity will be:

= \frac{Net \ income \ after \ taxes}{Value \ of \ equity}

= \frac{52}{320}

= 0.1625

or,

= 16.25 (%)

5 0
3 years ago
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