1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stepladder [879]
3 years ago
6

HURRY On Monday, Monahan accepts a job at Acme for $50,000 per year. He is to begin work on Friday. On Tuesday, Acme informs him

they cannot hire him. Which of the following is true? Select one: a. Acme will breach the contract on Friday if they refuse to hire Monahan. b. Monahan will breach the contract if he fails to come to work on Friday. c. Neither breached the contract because there is no contract until Friday. d. Acme breached the contract on Tuesday
Business
1 answer:
andriy [413]3 years ago
7 0

Answer:

The correct answer is : C. Neither breached the contract because there is no contract until Friday.

Explanation:

As the contract will only become valid when both the parties Mohan and ACME sign up and this will only happen on Friday. But as Mohan is informed by the Acme on Tuesday that they can not hire him before signing up the contract that is scheduled on  Friday. Since there is no valid agreement between parties, no breach of contract occurred.

Thus, the correct answer is option C. Neither breached the contract because there is no contract until Friday.

You might be interested in
A plant's fixed overhead costs total $500,000 for a year to produce 400,000 widgets, among other items. If machine‐hours are use
maxonik [38]

Answer:

$0.5

Explanation:

A plant's fixed total overhead cost is $500,000 for a year

400,000 widgets are required to be produced for this period

All processes require a 40,000 machine hours and the widgets use 16,000 hours out of the total hours

The first step is to calculate the fixed overhead application rate

= $500,000/40,000

= $12.5 machine-hour

The fixed overhead that is applied to the widgets can be calculated as follows

= $12.5 × 16,000

= $200,000

Therefore, the fixed overhead that is applied to each of the widgets produced can be calculated as follows

= 200,000/400,000

= $0.5

Hence the fixed overhead that is applicable to each widgets is $0.5

7 0
3 years ago
Given the following information, calculate the savings ratio:
inessss [21]

Answer:

$21.71%

Explanation:

Given that

Monthly saving = $760

Gross income = $3500

The computation of the savings ratio is shown below:-

Savings Ratio = (Monthly savings ÷ Gross Income) × 100

= ($760 ÷ $3,500) × 100

= $0.21 × 100

= $21.71%

Therefore for computing the saving ratio we simply divide gross profit by monthly saving and after a result we multiply by 100.

3 0
3 years ago
Use the following to answer the questions.
-BARSIC- [3]

Answer:

B. just-in-time

Explanation:

Just in time (JIT) is an inventory management approach that is used by companies that want to reduce their inventory costs and they purchase their materials in smaller quantities whenever their productive system needs them. The goal is to keep the lowest possible inventory levels.

3 0
3 years ago
Purple Rose Corporation reported pretax book income of $500,000.
Vikentia [17]

Answer: $68,000

Explanation:

Let us assume that we are given a tax rate of 34% to use in computing the question. Therefore, Purple Rose's current income tax expense or benefit will be:

Pre-tax book income = $500,000

Less: Tax depreciation = $300,000

Net Income = $500,000 - $300,000 = $200,000

Current income tax expenses at 34% will then be:

= 34% × Net income

= 34/100 × $200,000

= $68,000

5 0
3 years ago
To satisfy demands for withdrawals, banks keep:
astra-53 [7]
C. balance sheets

explanation:
6 0
3 years ago
Other questions:
  • Turbo Technology Corp. recently went public with an initial public offering of 3.03 million shares of stock. The underwriter use
    10·1 answer
  • The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest ear
    13·1 answer
  • NewCorp has net income of $360. The firm pays out 35 percent of the net income to its shareholders as dividends. During the year
    9·1 answer
  • Prepayments occur when:
    14·1 answer
  • With an expansionary monetary policy, investment, consumption, and net exports all ________, which results in the aggregate dema
    15·1 answer
  • Relationship between peer assessment and critical thinking​
    15·1 answer
  • Bradshaw Company provided the following data: Standard fixed overhead rate (SFOR) $5 per direct labor hour Actual fixed overhead
    9·1 answer
  • Bridgeport Company buys and sells securities expecting to make money on short-term price movements. Bridgeport purchased 150,000
    7·1 answer
  • Crane, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year.
    11·1 answer
  • On November 4, 2018, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!