If he chose to, Rich can enforce the contract against Adrienne's estate. This is because, sickness or death of a promisor is not an avenue or excuse for non-performance in contracts such as this, which can easily be delegated to another person for performance.
Answer: $88,700
Explanation:
Given that,
House value = $275,000
Mortgage = $195,000
Car value = $12,000
Car loans = $7,500
Investments = $3,000
Bank account = $2,700
Owes on a credit card = $1,500
Keisha’s net worth:
= House value - Mortgage + Car value - Car loans + Investments + Bank account - Owes on a credit card
= $275,000 - $195,000 + $12,000 - $7,500 + $3,000 + $2,700 - $1,500
= $88,700
Answer:
The cost of opportunity is 4 pancakes.
Explanation:
The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:
This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.
Answer:
the minimum price it should charge is $40 per unit.
Explanation:
Minimum Transfer Price = Variable Costs - Internal Savings + Opportunity Cost
<em>Note : Division A has capacity available to meet B's requirements therefore there is no opportunity cost</em>.
There are Internal savings of $5 as A's variable costs will be $5 less per unit.
Minimum Transfer Price = $45 - $5
= $40
