All categories

3 years ago

Agreement is normally evidenced by an offer and an acceptance. True or False

Business

1 answer:

Ahat [919]3 years ago

6 0

Answer:

The statement is true as well as correct

Explanation:

Agreement, under the terms of law is described as the mutual understanding or the meeting of the minds among two or more persons or parties regarding a reciprocal rights as well as duties in relation to the future performances.

And binding the agreement makes the enforceable contract to the parties, where they are bound to perform the duties. The agreement is usually evident when one party made an offer to another and the other party provide the acceptance to the same.

You might be interested in

Identify which of the following statements are true for the corporate form of organization. 1. Ownership rights cannot be easily

Nat2105 [25]

Answer:

1.Owners are not agents of the corporation- True Managers and directors are the agents of the owners of the corporation. What owners do is not always on behalf of the corporation.

2. It is a separate legal entity.- True Corporate enjoy separate existence. Their assets and liabilities are different from that of their owners.

3. It has a limited life.- False Corporations have unlimite life. They continue to function even after the death of their owners.

4. Capital is more easily accumulated than with most other forms of organization.- True If a corporation needs capital, it cal raise money by issuing shares in the open market. People invest if the prospects are good and the company can gather more funds whenever required. It is also easier for a corporation to acquire loans.

5. Corporate income that is distributed to shareholders is usually taxed twice- True First the Income of the company is taxed which in a way..

6 0

3 years ago

Read 2 more answers

What is the standard deviation of a stock that has a 10% chance of earning 18%, a 10% chance of making 11%, a 40% chance of maki

Yakvenalex [24]

Answer:

A. 7.95%.

Explanation:

Calculate the expected rate of return for the investment as follows:

$\begin{aligned}\text { Expected rate of return } &=(\text { Probability } \times \text { Rate of return })+(\text { Probability } \times \text { Rate of return })+\\&(\text { Probability } \times \text { Rate of retum }) \\=&(0.40 \times 15 \%)+(0.50 \times 10 \%)+(0.10 \times-3 \%) \\=& 0.06+0.05-0.003 \\=& 0.107$

Calculate the standard deviation of the investment as follows:

$\begin{aligned}\text { Standard deviation }=&\left\{\begin{array}{l} \text { Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)\end{array}\right.$

= $\sqrt{\left(0.40 \times(0.15-0.107)^{2}\right)+\left(0.50 \times(0.10-0.107)^{2}\right)+} \\=\sqrt{0.0007396+0.0000245+0.0018769} \\=\sqrt{0.002641} \\=0.05139066063011$

7 0

3 years ago

A simple economy produces two goods, Bread and Technical Manuals. Price and quantity data are as follows:Production and Prices i

DENIUS [597]

Answer: (1) 120,675

(2) 60,450

Explanation:

(1) Nominal GDP, year 2 ($) = Sum of (Year 2 price × Year 2 quantity)

= 150 × 4.50 + 1,200 × 100

= 675 + 120,000

= 120,675

(2) Real GDP, year 2 ($) = Sum of (Year 1 price x Year 2 quantity)

= 3 × 150 + 50 × 1200

= 450 + 60,000

= 60,450

4 0

3 years ago

Barry joined the military after high school, where he learned how to maintain and fix airplanes. Now he does similar work for a

Studentka2010 [4]

The answer is B - this is how Barry splits his time.

8 0

3 years ago

Wilturner Company incurs $76,000 of labor related directly to the product in the Assembly Department, $25,000 of labor not direc

coldgirl [10]

Answer:

correct option is b) $76,000 and $37,000

Explanation:

given data

Labor related directly to the product = $76,000

labor not directly related to the product = $25,000

labor for services = $12,000

solution

As here Direct Labor is express as

Direct Labor = Labor related directly to the product ...............1

Direct Labor = $76,000

and

Factory Overhead will be as

Factory Overhead = Labor not directly related to the product + labor for services ,................................2

put here value and we get

Factory Overhead $25000 + $12000

Factory Overhead = $37,000

so here correct option is b) $76,000 and $37,000

6 0

3 years ago