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natali 33 [55]
3 years ago
11

Dan Dentist was selling the building in which his office was located so that he could relocate to a larger space. Ron, a very ag

gressive commercial real estate broker, told Dan that unless he gave Ron an exclusive one year contract to list the property, he would spread word in the community that Dan was selling his building to pay a large malpractice claim and that Dan had been liable in so many malpractice suits that no company would insure him. Dan believed that Ron would carry out this threat and signed the contract. Dan can rescind the contract based on ________.
Business
1 answer:
tester [92]3 years ago
4 0

Answer:

<em>Duress </em>

Explanation:

Duress is a protection against an agreement. Duress is <em>the wrong pressure to force an individual  into an agreement that he or she would not normally enter into. </em>

Duress involves using force intentionally or  threatening force to induce the agreement.

It may be either physical or mental manipulation, but it must be intimidation to the degree that it robs  the other individual of independent will or freedom of choice.  

This implies that no fair alternative to entering the contract is left to the individual.

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Using the weighted-average method, the equivalent units for materials are: 33,000. 41,000. 36,000. 44,000. 32,000.
ANEK [815]

Answer: $44,000

Explanation:

Equivalent units for materials in this scenario would be:

= Units completed and transferred out + Normal spoilage + Ending work in process

= 33,000 + 3,000 + 8,000

= $44,000

3 0
3 years ago
Use the following information for Problems 35 through 40 A potential investor is seeking to invest $1,000,000 in a venture, whic
vodka [1.7K]

Answer:

0.3797 or 37.97%

Explanation:

According to the scenario, computation of the given data are as follow:-

Wants Rate on return on investment = 50%

Expected value of return on investment = invested amount × (1+g)^t

= $1,000,000 × (1+50%)^5

= $1,000,000 × 7.59375

= $7,593,750

Similar venture would achieve valuation of $20,000,000 for $2,000,000. We can expect that company would achieve similar valuation of $20,000,000 in 5 years from now.

Investor’s share value at 5 years = $7,593,750 ÷ $20,000,000

= 0.3797 or 37.97%

4 0
3 years ago
When using the allowance method for accounting for bad debts, accounts receivable is reported on the balance sheet at the expect
Minchanka [31]

Answer:

Have no effect on net realizable value

Explanation:

Net realizable value is the value of accounts receivable less any allowance for bad debts. This amount is reported in the balance sheet. Under allowance method, if a particular receivable is uncollectible, then the amount is reduced from both accounts receivable and allowance for bad debts. As such, there is no effect on the net realizable value as both the accounts are reduced by the amount that is uncollectible.

4 0
3 years ago
andie needs to borrow $6,000 to buy a car. one dealer offers her a monthly payment of $193.60 on a 3-year loan with an apr of 10
Kitty [74]

Given the above stated information, the the correction options is C. Three year loan costs less than 4 year loan.

<h3>What is a the calculations justifying the above answer?</h3>

The computation is executed using excel. Here is the explanation for same:

  • There are two loan choices available. We must calculate the total payments for both alternatives and choose the one with the lowest cost.
  • The first option is to pay $193.60 per month with 10% interest for 3 years.
  • The second option is to pay $158 per month for four years at 12% interest.
  • Total cost for option 1 is $969.60.
  • Total cost for option 2 is $1584.00.

Hence from

Learn more about Loans:
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Full Question:

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7 0
2 years ago
Having a good credit score is important because
zvonat [6]
It shows you're trustworthy and banks will be more willing to loan you money
5 0
3 years ago
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