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Digiron [165]
3 years ago
12

When Ned’s car breaks down, he asks Insta-Tow, Inc., to tow it to Jerry’s Repair Shop. There is no discussion of a price, and Ne

d and Insta-Tow do not sign any documents. Later, Insta-Tow sends Ned a bill. With respect to Ned’s obligation to pay the bill, this is:a. an express contract.b. an implied contract.c. no contract.d. a quasi contract.
Business
1 answer:
Illusion [34]3 years ago
7 0

Answer:

The correct answer is b. an implied contract.

Explanation:

The theory of implicit contracts refers to the fact that the relationship between employers and workers is governed, in addition to the "explicit" legal contracts signed between the two, by a multitude of tacit commitments established during the understanding between the two parties. Implied contracts are unwritten agreements and informal rules that companies have with their workers, and that, in many cases, are justified in the commitment to wage stability. In this theory, companies set wages within a broad and long-term strategy or stability of the employment relationship.

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Consider two spices, cumin and paprika, to be substitutes, a decrease in the supply of paprika, should cause an increase in the
makvit [3.9K]

Answer:

an increase in the price of both

Explanation:

A decrease in the supply of paprika would cause an increase in the price of both substitute goods. When the supply of paprika falls, the demand will be greater than what is available for sale and this would cause the sellers to raise it's price afterall it is now scarce.

Also as a substitute good, more people would begin to switch to buying cummin which would raise the demand for cummin. This increase in demand for cummin would then cause the price of cummin to go up.

3 0
3 years ago
GDP is the: a. market value of an economy's production of final goods and services in a one year period. b. sum of coins, bills,
Bond [772]

Answer:

a. market value of an economy's production of final goods and services in a one year period.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption spending + Investment spending + Government Spending + Net Export

GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.

Total expenditures of the federal government over the period of one year is known as government spending.

I hope my answer helps you

8 0
3 years ago
Why is understanding the relationship between the cash conversion cycle (CCC) and net working capital important to the contempor
murzikaleks [220]

Answer: To understand how businesses need money and how they can sustain themselves for a period of time to fund bills and still operate

Explanation:

Understanding the relationship between cash conversation cycle and contemporary business executive aims at knowing the business needs funds to operate and building strategic alliances, make money and propose ideas that will sustain and elevate it's strength for some time. Money is vital in running business operations, as organizations will foot bills and do some expenditure and sought out ways to earn more business.

8 0
3 years ago
A _____ website structure is appropriate if visitors should view the webpages in a specific order, as in the case of training ma
Goryan [66]
<span>The design of the navigation within the </span>website determines the type of the structure of the website. Linear website structure has linear <span> navigation, which means that each page is simply linked to the one before.</span><span>
A linear website structure is appropriate if visitors should view the webpages in a specific order. The case in which the users need to complete training module 1 before attempting training module 2 is example of linear website. </span>
8 0
3 years ago
Northern Organic Farms is considering a project which will produce annual sales of $975,000 and increase cash expenses by $848,0
stealth61 [152]

Answer:

B) $114,000

Explanation:

To calculate the operating cash flows using the top down approach we can use the following equation:

operating cash flow = increase in total sales - increase in total expenses - increase in taxes paid

operating cash flow = $975,000 - $848,000 - ($154,000 - $141,000) = $975,000 - $848,000 - $13,000 = $114,000

I didn't include depreciation since it is normally included to calculate the increase in taxes but taxes were already given.

5 0
3 years ago
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