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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
Two different methods of solving a produc­tion problem are under consideration. Both methods are expected to be obsolete in six
DiKsa [7]

Answer:

10781

Explanation:

In order to find the additional annual revenue for the two method a break even point must be calculated

Method A

=-8000(1.1)^6+20000(1.1)^6-22000-(u)

=-15776.44-22000 -u

=-37776.44-u

Method B

= -52000(1.1)^6+15000(1.1)^6-17000-2u

=9995.4-17000-2u

=-26995.47-2u

Then equate the two equations

-37776.44-u=-26995.47-2u

u=10781

6 0
3 years ago
.............................................................................
ahrayia [7]

In 2005, bankruptcy reform laws:

A: made student loans dischargeable in bankruptcy

B: required debtors to pay more of their debts in bankruptcy

Answer:

B: required debtors to pay more of their debts in bankruptcy

Explanation:

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) which was passed in 2005, reviewed the bankruptcy process in America.

This law was reviewed because it wanted to prevent abuse of the bankruptcy process.

Therefore, In 2005, bankruptcy reform laws required debtors to pay more of their debts in bankruptcy.

6 0
3 years ago
True or False : When you are thinking of something you want to predict, measure, or change in your business, you are probably th
Ad libitum [116K]

Answer:

True

Explanation:

Dependent variables are variables which are altered by the changes to the independent factors or variables.

The following are instances of dependent and independent variables:

       

Dependent Variable (DV): Profit, Product Quality, Staff Attrition during a recession.

Profit (DV) depends on sales, expenses, the economy, the proficiency of the sales staff, the quality of the product.

The Quality of the Product (DV) depends on the production process, product design, quality of raw materials etc

So, many of the factors highlighted above, which affect the dependent variables are called Independent variable.

Profit, for instance, can be forecasted or changed IF changes are made to sales.

It is possible to measure the quality of a product or service. It can also be altered by increasing or decreasing the quality of raw material input.

Cheers!

8 0
3 years ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,
kolezko [41]

Answer:

It cost $915,166.69

Explanation:

R=75,000

i=j/m, j=0.0525, m=1 - annually

i=0.0525

n=mt

n=20

An=R[1-(1+i)^-n] : i

An=(75,000x[1-(1+0.0525)^-20]) : 0.0525

An=$ 915,166.69

8 0
3 years ago
A key resource is assigned on multiple tasks that are running simultaneously. The project manager needs to minimize impact on ac
marin [14]

Answer: Resource levelling

Explanation:

Resource levelling is a term used in project management defined and is defined as a technique used where there is adjustment in the start and finish dates based on limitation in resources with the aim of balancing the demand for resources using the available supply.

While performing activities in project planning, the manager will try to schedule some tasks simultaneously. Resource leveling can be used to balance the workload of the main resources during the duration of of the project usually at the expense of either the time, cost or scope.

5 0
3 years ago
Read 2 more answers
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