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Afina-wow [57]
4 years ago
12

Todd offers to shovel the snow off Maria’s patio for $25. Maria agrees verbally and shakes Todd’s hand to sign off on the agreem

ent. When Todd has completed the shoveling job, Maria pays him the $25. This scenario best illustrates a(n) _____.
Business
1 answer:
AfilCa [17]4 years ago
7 0

Answer:

express and bilateral contract

Explanation:

An express contract is a contract in which the parties involved have carefully and explicitly/openly set the terms of the contract.

This contract contains agreements of both parties either verbally or in writing. Express contracts are also called Special contracts.

from the question, Todd's offer to shovel Maria's patio for a fee and her acceptance of the fee for the job is an express contract as it is oral.

A bilateral contract on the other hand is a contract in which both parties involved agree to their part of the contract. In the case of the question, Todd's part is to shovel Maria's patio while Maria's part of the contract is to pay Todd $25 for the job.

I hope this helps.

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Lenox Company has the following financial data: 2020 2019 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accou
Kobotan [32]

Answer:

25.55 days

Explanation:

Days Sales in Receivable = Accounts Receivable ÷ (Sales / 365)

therefore

2020 = $2,800 ÷ ($ 40,000 / 365) = 25.55 days

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3 years ago
Define finance charge
Setler [38]

Answer:

A finance charge is the cost of borrowing money, including interest and other fees. It can be any fee representing the cost of credit, or the cost of borrowing.

Explanation:

7 0
3 years ago
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Two methods of capital investment analysis that incorporate the time value of money are:______.
babymother [125]

Two methods of capital investment analysis that incorporate the time value of money are -Net Present Value and Discounted Cash Flow

1- Net Present Value

Net Present Value reduces the expected future cash flows by a specific rate to arrive at their value in today's terms. After subtracting the initial investment cost from the present value of the expected cash flows, it can be  determined whether the project is worth pursuing. If the NPV is a positive number, it means it's worth pursuing while a negative NPV means the future cash flows aren't generating enough return to be worth it and cover the initial investment.

2- Discounted Cash Flow

With DCF analysis, the discount rate is typically the rate of return that's considered risk-free and represents the alternative investment of the project. The present value is the value of the expected cash flows in today's dollars by discounting or subtracting the discount rate. If the result or present value of the cash flows is greater than the rate of return from the discount rate, the investment is worth pursuing.

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5 0
2 years ago
Jell and dell were partners with capital balances of 600 and 800 and an income sharing ratio of 2:3. They admitted zell with a 3
wel

Answer: $900

Explanation:

The Total Capital of the company before Zell was admitted was;

= Capital balances + Goodwill

= 600 + 800 + 700

= $2,100

If they admitted Zell in with a 30% interest, this means that the $2,100 is equivalent to 70% of the company's capital.

If that is the case then Total capital is;

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Zell's contribution is;

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3 years ago
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As project manager is setting up a recurring invite for meetings by using a web-based calendar app on a mobile device, this would exemplify the  Intelligent Automation.

<h3>What is the significance of Intelligent Automation?</h3>

An Intelligent Automation refers to a software term that is a combination of Artificial Intelligence and Robotic Process Automation.

Intelligent Automation(IA) is also known as cognitive automation, that is the use of different automation technologies such as Artificial Intelligence (AI), Business Process Management (BPM) etc.

An example of Intelligent Automation is to analyze historical and real-time workload and compute data by using machine.

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8 0
1 year ago
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