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forsale [732]
3 years ago
10

Sarah offers to pay allison $150 if allison will paint her apartment while she is out of town on vacation for two weeks. allison

makes no promise but tells sarah that she will think about it. while sarah is out of town, allison paints the apartment. this is best described as a(n:
a. unilateral contract.
b. bilateral contract.
c. implied in fact contract.
d. quasi contract.
Business
1 answer:
serg [7]3 years ago
5 0
The best answer for the question of which is best described above is letter a. unilateral contract. It is because it is a legal promise between the parties which is Allison and Sarah. The unilateral contract has the ability to pay one party if the other party is able to do his or her task or perform a certain duty that the other party ask or told.
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Name two defferences between basic wants and secondary wants​
Katena32 [7]

Answer:

The answer is below

Explanation:

The difference between basic wants and secondary wants​ lies in how much humans want them in terms of survival.

Therefore, the two of the main differences between Basic wants and Secondary wants are:

1. Basic wants are wants of humans that are meant for survival or cannot do without while secondary wants are not meant for human survival or humans can do without.

2. Without Basic wants such as food, shelter, and oxygen, humans will die off quickly, while humans can easily survive without secondary wants such as entertainment activities.

4 0
3 years ago
An invoice for $450 has terms 2/10 1/30 n/60. If you pay on the eight day . How much will you remit?
marishachu [46]
450 * .02 = $9
it say it was paid in  the payment was made within 8 days you can pay $450 - $9 = $441

6 0
3 years ago
The following transactions were completed by the company.
dybincka [34]

Answer:

The impact of each transaction on individual items of the accounting equation:

A. The company completed consulting work for a client and immediately collected $6,200 cash earned.

Assets (Cash + $6,200) = Liabilities + Equity (Retained Earnings + $6,200)

B. The company completed commission work for a client and sent a bill for $4,700 to be received within 30 days.

Assets (Accounts Receivable + $4,700) = Liabilities + Equity (Retained Earnings + $4,700)

C. The company paid an assistant $1,750 cash as wages for the period.

Assets (Cash -$1,750) = Liabilities + Equity (Retained Earnings -$1,750)

D. The company collected $2,350 cash as a partial payment for the amount owed by the client in transaction b.

Assets (Cash +$2,350 and Accounts Receivable -$2,350) = Liabilities + Equity

E. The company paid $840 cash for this period's cleaning services.

Assets (Cash -$840) = Liabilities + Equity (Retained Earnings -$840)

Explanation:

The accounting equation is that assets are always equal to liabilities and equity before and after every business transaction.  It is an important principle of accounting and the fulcrum of the double-entry system of accounting.  It establishes the two sides to every transaction.  It can be used to show the impact of daily business transactions on the assets, liabilities, and stockholders' equity.

7 0
3 years ago
You are offered a court settlement in the following terms: you will receive 7 equal payments of $7,275 each every year, with the
-Dominant- [34]

Answer:

$34,244.98

Explanation:

For computing the settlement worth in present value terms  first we have to determine the future value which is shown below:

Value at year 4 = Annuity  × [1 - 1 ÷ (1 + interest rate)^number of years] ÷ interest rate

= $7,275 × [1 - 1 ÷ (1 + 0.07)^7] ÷ 0.07

= $7,275 ×  [1 - 0.6227497419 ] ÷ 0.07

= $7,275 ×  5.3892894016

= $39207.08

Now the present value is

As we know that

Future value = Present value × (1 + interest rate)^number of years

$39,207.08 = Present value × (1 + 0.07)^2

So, the present value is

= $39,207.08 ÷ 1.1449

= $34,244.98

We simply applied the above formula so that the present value comes i.e today's value

3 0
3 years ago
(CO I) Suppose in the spot market 1 U.S. dollar equals 1.60 Canadian dollars. Six month Canadian securities have an annualized r
Natali5045456 [20]

Answer:

U.S. dollar-Canadian dollar exchange rate is $1.5961

Explanation:

given data

1 U.S. dollar = 1.60 Canadian dollars

annualized return = 6%

annualized return = 6.5%

time = 180 day

to find out

what is the U.S. dollar-Canadian dollar exchange rate

solution

we know that 1 U.S. dollar equal to 1.60 Canadian dollars

and

exchange rate for 180 days is

exchange rate = Canadian dollar ×( 1 + canadian interest rate )  / ( 1+ US interest rate)   .....................1

put here all these value

exchange rate = Canadian dollar ×( 1 + canadian interest rate )  / ( 1+ US interest rate)

exchange rate = 1.60 ×( 1 + 0.03 )  / ( 1+ 0.0325)

exchange rate = 1.5961

U.S. dollar-Canadian dollar exchange rate is $1.5961

6 0
3 years ago
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