Answer:
To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.
Explanation:
In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.
Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.
Answer:
none of the above
Explanation:
because the organization must know how much they own
Answer:
The correct answer is letter "C": Materiality.
Explanation:
The Materiality principle refers that one of the accounting standards can be left behind only if it has an irrelevant impact on the financial statements. According to the Generally Accepted Accounting Principles (GAAP) only when an item is "<em>immaterial</em>", provisions for the transaction derived from that item are not mandatory. But, the definition of what is material and immaterial is not provided by the GAAP, then, it relies on the judgment of the accountant.
Answer:
a. mostly cigarette buyers.
Explanation:
The law of demand states an inverse relationship between quantity demanded of a good and it's price, keeping other factors affecting demand as constant.
Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price.
Alcohol and cigarettes are exceptions to the law of demand since in their case, the factor of addiction presides which outweighs rational decision making.
Thus, price elasticity of demand of cigarettes is inelastic. So a marginally higher price charged for cigarettes will not reduce their consumption.
A new tax on cigarettes would raise their prices. The manufacturers, to cover such taxes and maintain the same margin as before would further raise the prices of cigarettes further.
Thus, the tax burden would be shifted to the consumers and hence majorly borne by them.
Answer:
option (B) 912 ± 42.6
Explanation:
Data provided in the question:
Standard deviation = 64 square feet
Sample size, n = 15
Mean = 912
Confidence level = 99%
Now,
Confidence interval = Mean ± z[s ÷ √n]
here,
z = 2.58 for 99% confidence level
Thus,
Confidence interval = 912 ± 2.58[64 ÷ √15]
or
Confidence interval = 912 ± 2.58[64 ÷ √15]
or
Confidence interval = 912 ± [ 2.58 × 16.525 ]
or
Confidence interval = 912 ± 42.63
= 912 ± 42.6
Hence,
The answer is option (B) 912 ± 42.6
