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
AysviL [449]
3 years ago
5

For seven years, Stanford Owens has run a successful practice that helps small businesses file their taxes, become incorporated,

and perform other legal tasks. Stanford moves his practice to NYC, and is happy to find his first local client, DiggyWerx, almost immediately. They negotiate a flat fee of $5,500 for six months of Stanford's services. A month later, Stanford is more familiar with the local business landscape and realizes that most people offering his services in NYC charge around $13,000 for six months of work because of the higher costs to do business in NYC. Is the deal between Stanford and DiggyWerx enforceable?
a. No, because it is unconscionable due to the difference in bargaining power.b. No, because there is insufficient consideration.c. Yes, because Stanford is still receiving a fair price for his services.d. Yes, because Stanford and DiggyWerx each receive a benefit and incur a detriment.
Business
1 answer:
Shalnov [3]3 years ago
6 0

Answer:

The answer id: D) Yes, because Stanford and DiggyWerx each receive a benefit and incur a detriment.

Explanation:

Both Stanford and DiggyWerx both receive a benefit from this contract; Stanford gets $5,500 and DiggyWerx gets accounting services for six months.

They both also incurred detriment since; Stanford promised to perform his accounting duties and DiggyWerx promised to pay him money.

Both parties incurred detriment (promised to do something) and something of value is exchanged benefiting both parties, so consideration exists and therefore the control is enforceable.

You might be interested in
TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, whereas FareLin
DENIUS [597]

Answer:

16.80% and 39.43%

Explanation:

The formula to compute the net profit margin is shown below:

Net profit margin = Net income ÷ Total revenues × 100

For Travel lite, the net profit margin is

= $1,080 ÷ $6,430 × 100

= 16.80%

And, for fare line, the net profit margin is

= $3,020 ÷ $7,660 × 100

= 39.43%

By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company

It is always expressed in percentage

6 0
3 years ago
Roomz, a mid-range hotel, used to provide only food and accommodation facilities. It soon realized that most of its customers ar
Sever21 [200]

Answer:

This is an example of an emergent strategy

Explanation:

An emergent strategy is an unplanned strategy it is the strategy that actually happens as a result of changes in the external environment of the  business and it shows the responds to  such changes. Although it is unintended, adopting an emergent strategy  helps a business adapt more flexibly to the practicalities of changing market conditions.  

Therefore the type of strategy adopted is an emergent strategy  

8 0
2 years ago
I wanna know about debit and credit full explanation ​
BigorU [14]

Answer:

Explanation:

A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.

A credit is an entry  alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.

7 0
2 years ago
Read 2 more answers
When manufacturing cycle​ increases, ________. A. opportunity costs will decrease B. inventory carrying costs will increase C. o
professor190 [17]

Answer: B. inventory carrying costs will increase

7 0
3 years ago
Read 2 more answers
Highly Suspect Corp. has current liabilities of $450,000, a quick ratio of .89, inventory turnover of 6.5, and a current ratio o
nikitadnepr [17]

Answer:

See below

Explanation:

First , we will compute current ratio

Current ratio = Current asset / Current liabilities

1.25 = Current ratio / $415,000

Current asset = $415,000 × 1.25

Current assets = $518,759

Next is to calculate quick ratio

Quick ratio = Current asset - Inventory / Current liabilities

0.79 = $518,750 - Inventory / $415,000

0.79 × $415,000 = $518,750 - Inventory

$327,850 = $518,750 - Inventory

Inventory = $518,750 - $327,850

Inventory = $190,900

Inventory turnover = Cost of goods sold / Inventory

9.5 = Cost of goods sold / $190,900

Cost of goods sold = 9.5 × $190,900

Cost of goods sold = $1,813,550

3 0
3 years ago
Other questions:
  • The process for motivating employee performance in which the manager and employee jointly set objectives for the employee, the m
    9·1 answer
  • Which of these would be an example of insider trading? Group of answer choices
    13·1 answer
  • Suppose that the price index in 1999 was 170 and your salary was $44,000. Suppose in 2016 the consumer price index will be 290.
    9·1 answer
  • Oriole Company had $234,200 of net income in 2019 when the selling price per unit was $151, the variable costs per unit were $91
    9·1 answer
  • A key limitation of balance sheets in financial analysis is that: A) liquidity and solvency ratios require information from othe
    11·1 answer
  • What are value drivers? a set of factors (analogous to cost drivers) that are particularly effective in having a strong differen
    12·1 answer
  • The income elasticity of demand for peanut butter is 0.1. From this, we know that peanut butter is a(n) __________ because _____
    11·1 answer
  • Using the picture of the supply and demand curves below, identify the point which
    10·1 answer
  • Bob and mary are financing $180,500 for a new home. their lender will approve an interest rate of 5% if bob and mary pay two dis
    10·1 answer
  • Loyal customers and proprietary bread both fall within which part of the swot analysis?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!