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IRISSAK [1]
3 years ago
5

Dean, the president of Billing & Credit Company, promises to pay his employee Ewing, who is dangerously obese, $10 for every

pound that he loses within the next eleven months. Ewing agrees, diets and exercises, losing 154 pounds over the stipulated period and asks Dean for $1,540. Dean refuses to pay, saying that he does not remember the promise, but that even if he did make it, there was no consideration, and Ewing's improved health is sufficient benefit for his effort and sacrifice. Ewing files a suit against Dean. In whose favor is the court likely to rule and why?
Business
1 answer:
Aliun [14]3 years ago
4 0

Answer:

See the explanation below.

Explanation:

The court likely to rule in favor of Ewing.

The reason is that the enough consideration that gives backing to a promise in this case is generally the waiver of a legal right to eat to obesity as requested by the other party.

The evidence that Ewing has lost 154 pounds in weight over the stipulated period is a consideration that sufficient enough under the law. The payment of $10 pound that Ewing has lost is a promise. The fact that Ewing also benefit from the weight loss does not matter.

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Answer and Explanation:

The journal entry to record the issuance of the bond is as follows:

Cash Dr (5,000 × 103) $515,000

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        To Bond payable (5,000 × $1,000)  $5,000,000

(Being the issuance of the bond is recorded)

Here cash and discount on bond payable is debited and credited the bond payable

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A company paid $0.85 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $35.50. Its
natali 33 [55]

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Explanation:

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Earnings per share = $3.50

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3 0
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The profit earned from the sale of stock that has increased in value is known as
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Which of the following is not a typical adjustment made to the income statement for projection purposes?
ankoles [38]

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.  

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

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