Answer:
C. Yes, since the mistake would be obvious to a reasonable person.
Explanation:
A unilateral mistake <u>occurs when only one party is mistaken as to the subject matter</u> or the terms contained in the contract agreement.
<u>The general rule involving unilateral mistakes is that, if the non-mistaken party either knew or should have known of the other party's mistake, the mistake is a “palpable unilateral mistake” which makes the contract voidable</u> by the mistaken party.
Therefore, since Vinny's mistake would have been obvious to the other party, it could make the contract voidable and relieve the store of the liability.
Answer:
Stanley's Bicycles contribution margin is $7,500
Explanation:
<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>
Sales ($750 x 200) $150,000
Less Variable Costs :
Costs of Sales ($600 x 200) $120,000
Commissions ( $150,000 x 15 %) $22,500 ($142,500)
Contribution $7,500
Less Fixed Costs
Rent $1,400
Salaries $3,000 ($4,400)
Net Income $3,100
Conclusion
Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500
Answer:
the number of packs of cards sold is 810,000 units
Explanation:
The computation of the number of packs of cards sold is shown below:
Tax revenue = tax per good × goods
$48,600 = 0.06 × Q
Q =$48,600 ÷ 0.06
Q = 810,000
hence, the number of packs of cards sold is 810,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
According to the classical theory of inflation, an increase in the money supply would cause aggregate demand curve to shift to the right. Output would increase and price level would increase. However, in the long run, would shift to the left. Output would reduce and the price level would continue to increase.
Explanation:
Inflation occurs in an economy when the overall price level increases and the demand of goods and services increases.
the classical theory of inflation explains how the aggregate price level gets determined through the interaction between money supply and money demand.
Tn the classical theory of inflation:
- Money is considered the asset which is utilized by people to purchase goods and services on a regular basis.
- Their view is that the general price is determined by the total demand for and total supply of goods just as the price of any good is determined by the forces of demand and supply for it.
- According to them inflation is a situation caused by excess demand, in which the total demand for goods as measured by the volume of money offered is in excess of supply of goods at prevailing prices.
Answer:
Letter E is correct. <em>Dominating.</em>
Explanation:
The dominating conflict-handling style is one that puts your individual interests above the interests of other individuals or your team.
This style is characterized by individuals who rely on forced behavior over another to resolve some existing conflict or to gain some position. It is a style based on profit and loss.
