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Sphinxa [80]
3 years ago
15

Parsley, a world-famous chef, signs a contract to give lessons in French cooking to Curry. Parsley wants to transfer his duties

under the con¬tract to Relish, the operator of a hot dog concession. The transfer is_________.
a. valid because the performance required is of a nonpersonal nature.
b. valid if Relish is a highly regarded vendor.
c. not valid because performance depends on Parsley's personal skills.
d. not valid if Curry does not hold Relish in high regard.
Business
1 answer:
Margarita [4]3 years ago
8 0

Answer:

C. <u>not valid because performance depends on Parsley's personal skills</u>

Explanation:

A valid contract refers to an agreement entered into by parties which legally binds both parties and is enforceable under the law.

For a contract to be termed as valid, it must be performed by the parties to it.

Performance clause in a valid contract refers to doing or acting in a way as is required by the terms of the contract.

In the given case, Parsley signed a contract to provide services i.e provide French cooking lessons to Curry. Later, Parsley wants to transfer his duties to Relish.

The transfer will not be valid since the performance i.e service to be provided by Parsley are of personal nature and the consideration is based upon that. No two individuals can provide exact services.

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Ag Class - Select the four jobs with projected growth over 10 percent.
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1,3,7

Explanation:

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You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equ
san4es73 [151]

Answer:

8.1%

Explanation:

Firstly, let look at the formula for calculating weighted average cost of capital (WACC):

WACC = (D/A) x r_D x (1-t) + (E/A) x r_E + (PE/A) x r_PE, where:

A: Market value of company asset;

D: Market value of company debt;

E: Market value of company equity;

PE: Market value of company preferred equity;

r_D: cost of debt;

r_E: cost of equity/retained earnings;

r_PE: cost of preferred equity;

t: tax rate

Putting all the numbers together, we have:

WACC = 35% x 6.5% x (1-25%) +  55% x  10.5%  + 10% x 6% = 8.1%

8 0
2 years ago
Read 2 more answers
8-12 REQUIRED RATE OF RETURN Suppose rRF 9%, rM 14%, and bi 1 3. a. What is ri, the required rate of return on Stock i? b. Now s
Nat2105 [25]

Answer:

a = 0.74 or 74%

b(1) = 0.75 or 75%

b(2) = 0.73 or 73%

c(1) = 1 or 1%

c(2) = 0.61 or 61%

Explanation:

The stock i has a risk free rate of 9% with a market return of 14% and beta of 13, using the formula we get,

ri = rRF + bi x (rM – rRF)

Where rRF=9/100=0.09

bi =13

rm =14/100=0.14

Putting the values into the formula

= 0.09 + 13 x (0.14 – 0.09)

= 0.74 or 74%

b. (1)

Ri = rRF + bi x (rM – rRF)= 0.10 + 13 x (0.14 – 0.09)= 0.75 or 75%

Here the slope of SML remains constant, meaning the market risk premium will not change. As a result, the required return will increase by 1%.

b(2)

Ri = rRF + bi x (rM – rRF)= 0.08 + 13 X (0.14 – 0.09)= 0.73 or 73%

Here, the slope of SML remains constant, meaning the market risk premium will not change. As a result the required return will decrease by 1%.

c. (1)

Ri = rRF + bi x (rM – rRF)= 0.09 + 13 x (0.16 – 0.09)= 1 or 1%

Here, the slope of SML does not remain constant, meaning the market risk premium will change. As a result, the required return will increase.

(2)Ri = rRF + bi x (rM – rRF)= 0.09 + 13 x (0.13 – 0.09)=0.61 or 61%

Here, the slope of SML remains constant, meaning the market risk premium will not change. As a result, the required return will decrease by 13%.

3 0
3 years ago
The tendency of employees in a functionally organized company to become fixated on their own concerns and work assignments to th
lawyer [7]

Answer:

d. Siloing.

Explanation:

Siloing is the present participle of the word silo which means isolated.

The tendency of employees in a functionally organized company to become fixated on their own concerns and work assignments to the exclusion of the needs of other departments is known as siloing because that particular employee is being isolated from other departments. This might include an IT system.

4 0
3 years ago
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