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pogonyaev
3 years ago
5

Egbert, age sixteen, purchases a $500 video-game system and a $50 computer chair from CompuStore. Egbert changes his mind and wa

nts to avoid the contract for the video-game system but not the computer chair. Egbert may:________.
a. may not disaffirm the contract because it is for necessaries.
b. disaffirm part of the contract for the video-game system.
c. disaffirm only the computer chair, because it is incidental to the contract.
d. only disaffirm the entire contract.
Business
1 answer:
zubka84 [21]3 years ago
7 0

Answer: only disaffirm the entire contract.

Explanation: Egbert, age sixteen, who purchases a $500 video-game system and a $50 computer chair from CompuStore. Egbert changes his mind and wants to avoid the contract for the video-game system but not the computer chair. However, Egbert may only disaffirm the entire contract.

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Alternative price indexes
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Answer:

-value of all goods and services produced in the economy this year

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-value of all goods and services produced in the economy this year

-the base year's prices

-bought by consumers

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-the second scenario would have effect on the GDP deflator

Explanation:

The GDP deflator is used in measuring inflation in the economy by measuring changes in prices of goods in the economy. It is used together with other indices such as consumer price index in arriving at a more accurate or balanced measurement of inflation I'm the economy. The GDP deflator would be affected above because it is more comprehensive in it's calculation or measurement as it doesn't take into account only a basket of goods and services like the Consumer price index does

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3 years ago
On January 1, 2018, Byner Company purchased a used tractor Byner paid $3,000 down and signed a noninterest-bearing note requirin
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Answer:

tractor   35,127,42 debit

      note payable         32,172.42  credit

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--to record issuance--

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39,584.19

note payables at Dec 31th

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Explanation:

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\frac{Maturity}{(1 + rate)^{time} } = PV  

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time   3.00  

rate  0.11

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The difference will be a discount that will acrrue interest overtime.

the truck will enter the accounting net of interest charges thus:

3,000 downpayment + 32,127.42 = 35,127.42‬

interest will be: 32,127.42 x 1.11 = 32,127.41

<u><em>Then, do the same for 2019</em></u>

(32,127.41 + 3,532.0162) x 1.11 = 39,584.19

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