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3 years ago

What makes a contract different from an agreement

2 answers:

monitta3 years ago

6 0

An agreement is any understanding or arrangement reached between two or more parties. A contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law.

Arturiano [62]3 years ago

3 0

Answer:

a contract is leagely binding hope this helps would like a brainlist if you want to be nice.

Explanation:

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Wyly Inc. produces and sells a single product. The selling price of the product is $215.00 per unit and its variable cost is $66

Tanzania [10]

Answer:

c. $587,100.

Explanation:

The computation of the break even sales in dollars is shown below:

Break Even Sales = Fixed Cost ÷ Contribution Margin Ratio

where,

Fixed cost is $405,099

And, the contribution margin ratio is

= (sales price - variable cost) ÷ sales price

= ($215 - $66.65) ÷ $215

= 69%

Now placing these above formulae to the given formula

= $405,099 ÷ 0.69

= $587,100

Hene, the correct option is c. $587,100

5 0

3 years ago

Environmental scanning would be MOST important for which of the following organizations? a. A manufacturer of household linens b

CaHeK987 [17]

Answer:

The correct answer is letter "D": A web design company catering to small businesses.

Explanation:

Environmental scanning is a research conducted by a company in the attempt of finding out what is happening in the market and inside the organization. The SWOT (<em>Strengths, Weaknesses, Opportunities, and Threats</em>) analysis is the most used tool to conduct environmental scanning. The study aims to unveil chances from where the organizations can take advantage to make profits.

In such cases, <em>a web design company could use environmental scanning to spot small businesses without web pages or with web pages with poor designs so they can help small businesses to improve their online marketing interface. Eventually, the web design company will be benefited from the revenues of its works.</em>

6 0

3 years ago

Soccer to the Masses is interested in global expansion but does not want to make a large financial commitment. Therefore, it dec

Mumz [18]

Answer:

B. Strategic alliance

Explanation:

Strategic alliance is the agreement between two or more players (companies) to share resources or knowledge in such a way that it benefits all parties involved.

It is an agreement for cooperation among two or more independent firms to work together to achieve a common goal which is usually profit making. The example asked in the question is a form of strategic outsourcing relationship where the Soccer to the masses shared their products with the Japanese company in exchange for the Japanese company offering manufacturing and wilder distribution of the products.

All parties involved hopes for a synergy where everyone benefits more from the alliance rather than if they stood alone.

6 0

4 years ago

Read 2 more answers

Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following d

Marina CMI [18]

Explanation:

a. Current assets = $600000

Current ratio = 3

Current ratio = Current assets ÷Current liabilities = 3

⇒Current assets = 3 Current liabilities

Given that

Quick ratio = 2.25

Also we know that

Quick assets = Quick assets / Current liabilities = 2.25

therefore, Quick assets = 2.25 Current liabilities

Also, Quick assets = Current assets - Inventory

then,

2.25 current liabilities = 3 Current liabilities - $150000

⇒$150000 = 0.75 Current liabilities

Hence, Current liabilities = $200000

Current assets = 3 Current liabilities

= 3 × $200000

= $600000.

b. Calculating for Shareholders equity we get

Shareholders equity = $560000

We know that ,

Total debt + Total equity = Total assets

Debt to equity ratio = 1.5

Also, Total debt / Shareholders equity = 1.5

Debt = 1.5 Shareholders equity

1.5 Shareholders equity + 1 Equity = $1400000

2.5 Shareholders equity = $1400000

Shareholders equity = $560000.

Now calculating for Non current assests

c. Non Current assets = $800000

Total assets = Current assets + Non current assets

$1400000 = $600000 + Non current assets

Non current assets = $800000.

d. Long term liabilities = $640000.

Total assets = Total liabilities + Shareholders equity

$1400000 = Current liabilities + Long term liabilities + Shareholders equity

$1400000 = $200000 + Long term liabilities + $560000

Long term liabilities = $640000.

7 0

3 years ago

In a command economy, which of the following determines for whom goods and services are produced?

adoni [48]

The goverment. because the goverment is responsible for everything! :)

6 0

3 years ago