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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.

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financial control is a process through which a firm periodically compares its budget to which of the following? (select all that
RideAnS [48]

Financial control is the process through which a firm periodically compares its budget to :

  • revenues
  • expenses
  • costs
<h3>What is meant by financial control?</h3>

The methods, procedures, and techniques used by an organization to monitor and manage the use, allocation, and direction of its financial resources are known as financial controls. Any organization's resource management and operational effectiveness are fundamentally dependent on its financial controls.

Financial controls are laws and practices intended to stop or catch fraud and accounting irregularities. Financial controls include things like double-counting cash deposits and account reconciliation.

Read more on financial controls here: brainly.com/question/26398073

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Financial control is a process through which a firm periodically compares its budget to which of the following? (Select all that apply)

Multiple select question.

(A) stock price

(B) revenues

(C) expenses

(D) market share

(E) costs

8 0
10 months ago
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
vekshin1

Answer:

c. Inferior

Explanation:

Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.

4 0
3 years ago
List and explain ten factors to consider in preparing family income​
aniked [119]

<em>Answer:</em>

<em>1. Availability of Money:</em>

<em>The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.</em>

<em>2. The size and the composition of the family:</em>

<em>Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.</em>

<em>Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.</em>

<em>3. Stages of family life cycle:</em>

<em>Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.</em>

<em>4. Occupation of the family members:</em>

<em>Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.</em>

<em>5. The needs and objectives of the family:</em>

<em>Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.</em>

<em>6. Resources:</em>

<em>Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.</em>

<em>7. Locality of the family:</em>

<em>In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.</em>

<em>8. Socio-economic status of the family:</em>

<em>The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.</em>

<em>9. Social and religious traditions:</em>

<em>Some families accept old and traditional values. So they spend more on marriages and religious festival.</em>

<em>10. Personal choice:</em>

<em>Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”</em>

<em />

<em>This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.</em>

8 0
2 years ago
Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076
Xelga [282]

Answer:

Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

conversion $48,200 (30% complete, 70% remaining = 24,220 EU)

units started 662,700

materials added $1,594,520

conversion costs added $566,356

ending WIP 24,100

100% complete for materials

40% complete for conversion = 9,640 EU

units completed and transferred out = 34,600 + 662,700 - 24,100 = 673,200

units started and completed = 662,700 - 34,600 - 24,100 = 604,000

total equivalent units for the month:

materials 662,700

conversion = 24,220 + 604,000 + 9,640 = 637,860

total cost per EU:

materials = $1,594,520 / 662,700 = $2.4061

conversion = $566,356 / 637,860 = $0.8879

total = $3.294

cost of ending WIP:

materials = 24,100 x $2.4061 = $57,987

conversion = 9,640 x $0.8879 = $8,559.36 ≈ $8,559

total = $66,546

cost of units transferred out = $79,000 + $48,200 + $1,594,520 + $566,356 - $66,546 = $2,221,530

total units transferred out = 673,200

production cost per unit = $2,221,530 / 673,200 = $3.30

3 0
3 years ago
A sole proprietor has ______ personal liability for all business debts and obligations.
andreev551 [17]

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

To learn more about  sole proprietorship , please check: brainly.com/question/1428023

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4 0
1 year ago
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