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3 years ago

An unincorporated association of two or more persons to pursue a business for profit as co-owners is a:

Business

1 answer:

Rainbow [258]3 years ago

4 0

Answer:

Partnership

Explanation:

A partnership is a business organization in which two to twenty people agree legally to set up and manage a business outfit with the sole aim of making profit. It is usually formed by an association of two to twenty persons, who by an agreement (usually legal) decide to pool their resources (capital) or skill together and establish a business enterprise. The people involved in partnership are called partners and they share the profit, losses and risk of the business

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Coffer Co. is analyzing two potential investments.

MakcuM [25]

Answer:

d. Project X

Explanation:

For Project X

Year Net cash outflow Net cash inflow Balance

0 -$77,000 -$77,000

1 $28,000 -$49,000

2 $28,000 -$21,000

3 $28,000 $7,000

4 0 $7,000

Payback period = 2 + $21,000 ÷ $28,000

= 2 + 0.75

= 2.75 years

For Project Y

Year Net cash outflow Net cash inflow Balance

0 -$55,000 -$55,000

1 $2,000 -$53,000

2 $25,000 -$28000

3 $25,000 -$3,000

4 $20,000 $17,000

Payback period = 3 +3,000 ÷ 20,000

= 3 + 0.15

= 3.15 years

Project X has a lesser than 3 year payback period. So, the correct option is D

4 0

3 years ago

Arthur Industries entered into the following transactions during the month of June. Purchased supplies for $5,300 cash. Paid $4,

VMariaS [17]

Answer:

S/N Account Titles and Explanation Debit Credit

A Supplies $5,300

Cash $5,300

(To record the purchase of supplies for cash)

B Salaries and wages expense $ 4,480

Cash $4,480

(To record the payment of wages and salaries)

C Prepaid rent $ 560

Cash $560

(To record the payment of prepaid rent for July)

D Accounts receivable $13,400

Service revenue $13,400

(To record the services provided on account)

E Accounts payable $800

Cash $800

(To record the payment made on Accounts payable)

F Cash $310

Unearned revenue/Deferred revenue $310

(To record the unearned services revenue)

G Repairs and maintenance expense $410

Accounts payable $410

(To record the accounts payable for repairs expenses incurred)

H Equipment $740

Cash $740

(To record the purchase of equipment for cash)

8 0

3 years ago

Pierre left a message on Shayna’s voicemail stating, “Hey Shayna. Regarding that painting we talked about. I changed my mind and

zysi [14]

The contract between Pierre and Shayna is not a valid contract due to the lack of acceptance from Shayna.

Further Explanation:

Contract:

A legally enforced agreement is considered a contract. An agreement is a promise between two parties to perform tasks for each other for some consideration. When an agreement becomes legally enforced, then it is considered as a contract. So the contract is a legally enforced promise between two parties for considerations. Both parties should get consideration and have a performance obligation.

Following factors are required for the contract:

Offer: A person should offer some consideration to another person for performing any activity or in the exchange of goods.

Acceptance of offer: The other person should accept the offer made by the first person.

Valuable consideration: There should be valuable consideration for both the parties.

Mutual obligation: Parties should promise to execute their obligated activities.

The performance capacity of the parties: Parties should be capable of performing the contract.

Legally enforcement: The contracts should be legally enforced.

These are the basic elements of a contract. If any contracts lack any of the given factors, then it will not be considered as a valid contract.

The contract between Pierre and Shayna:

In the current case, Pierre makes an offer to sell the painting to Shayna. Pierre leaves a message in the voicemail of Shayna, stating that if Shayna does not contact Pierre within one hour, then Pierre would consider that the Shayna wants to purchase the painting.

It is not a valid contract as it lacks the acceptance of the offer from Shayna.

Pierre enters the contract to sell the painting without considering the acceptance of the offer by Shayna. Pierre puts a condition that if she does not receive any revert from Shayna within one hour, then she would consider that Shayna has accepted the offer. For a valid contract, the promisee should accept the offer but the condition of acceptance (revert within one hour) does not state for the acceptance of Shayna. So, it will not be considered a valid contract.

Thus, the contract between Pierre and Shayna is not a valid contract due to non-acceptence.

Learn more:

1. Learn more about the cash deficiency

brainly.com/question/12981857

2. Learn more about the span of control

brainly.com/question/12986822

3. Learn more about the sales budget

brainly.com/question/12985585

Answer details:

Grade: Senior School

Subject: Business Law

Chapter: Contract Act

Keywords: Pierre, message, Shayna, voicemail, painting, mind, sell, steal, people, ASAP, hear, within an hour, not a valid contract, purchase a painting, lack of a(n), contract act, agreement, law, business law, promise, valid contract.

7 0

3 years ago

In the context of organizational behavior, _____ stressed the value of participative management. henri fayol peter drucker adam

Ray Of Light [21]

Henri Fayol stressed the value of participative management. Henri Fayol's administration hypothesis is a straightforward model of how administration communicates with the work force. Fayol's administration hypothesis covers ideas extensively, so any business can apply his hypothesis of administration. Today the business group considers Fayol's established administration hypothesis as a significant manual for profitably overseeing staff.

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3 years ago

The percent of investment that the project costs can be referred to as all of the following, except:_________.

zaharov [31]

Answer:

The percent of investment that the project costs can be referred to as all of the following, except:_________.

a) required return

8 0

3 years ago