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OleMash [197]
3 years ago
7

For the doctrine of promissory estoppel to​ apply, which of the following is NOT a required​ element? A. the promisor should hav

e reasonably expected to induce the promisee to rely on the promise B. the promisor made a promise C. there was an​ offer, acceptance, and consideration D. the promisee actually relied on the promise and engaged in an action or forbearance of a right of a definite and substantial nature E. injustice would be caused if the promise were not enforced
Business
1 answer:
erik [133]3 years ago
3 0

Answer:

C) there was an​ offer, acceptance, and consideration

Explanation:

The doctrine of promissory estoppel requires that the following 5 elements must exist:

  1. The parties must anticipate that some type of legal relationship will exist between them.
  2. One party must have made a promise to another party.
  3. One party must rely on the promise made by the other party.  
  4. The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
  5. Unconscionability , in other words, there is nothing that forbids the party from performing the promise.
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Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.65 at the end of the year. Its div
Anastaziya [24]

Answer:

14.90%

Explanation:

We know,

Current stock price, P_{0} = \frac{D_{1}}{r_{s} - g}

Given,

Current stock price, P_{0} = $12.00

growth rate, g = 9.50% = 0.095

Expected annual dividend, D_{1} = $0.65

We have to determine the expected rate of return (r_{s}).

Putting the values into the above formula, we can get,

Current stock price, P_{0} = \frac{D_{1}}{r_{s} - g}

or, $12.00 = $0.65 ÷ (r_{s} - 0.095)

or, $12.00 × (r_{s} - 0.095) = $0.65

or, r_{s} - 0.095 = $0.65 ÷ $12.00

or, r_{s} - 0.095 = 0.0542

or, r_{s} = 0.054 + 0.095

Therefore, r_{s} = 0.149

The expected rate of return = 0.149 or 14.90%

7 0
2 years ago
Headland Company loans Sarasota Company $2,190,000 at 6% for 3 years on January 1, 2020. Headland intends to hold this loan to m
Scrat [10]

Answer:

A. December 31, 2020

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

December 31, 2022

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

B. December 31, 2020

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

Dr Debt Investment $48,000

Cr Unrealized Holding Gain or Loss-Income ($48,000)

December 31, 2022

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

Dr Unrealized Holding Gain or Loss-Income $20,000

Cr Debt Investments ($20,000)

Explanation:

A. Preparation of the journal entry(ies) at December 31, 2020, and December 31, 2022 assuming it does not use the fair value option,

December 31, 2020

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

($2,190,000*6%)

December 31, 2022

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

B. Preparation of the journal entry(ies) at December 31, 2020, and December 31, 2022 assuming it uses the fair value option. Interest is paid on January 1

December 31, 2020

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

Dr Debt Investment $48,000

Cr Unrealized Holding Gain or Loss-Income ($48,000)

($2,238,000-2,190,000)

December 31, 2022

Dr Interest Receivable $131,400

Cr Interest Revenue ($131,400)

Dr Unrealized Holding Gain or Loss-Income $20,000

Cr Debt Investments ($20,000)

(2,210,000-2,190,000)

5 0
2 years ago
Dramatic shifts in the workplace call for workers that can
statuscvo [17]

I think it is C. Learn New Skills Quickly.

Was there any context to go along with this question?

8 0
3 years ago
For which customer relationship group should a company make continuous relationship investments to​ delight, engage,​ retain, an
pochemuha
<span>The answer is true friends True friends are best customer group for the company in the loyalty vs profit graph they have high loyalty and also high profit. So it can be said that they are profitable and at the same time loyal.Their need completely match with the products of the company. They should be nurtured so they can become true believers who spread positive words about company.</span>
6 0
3 years ago
Which of the following is true of budgeting? Question 1 options: Budgeting forces management to plan for the future. Budgeting c
coldgirl [10]

Answer:

correct option is Budgeting forces management to plan for the future.

Explanation:

The budget depends on the control cycle to design the planning cycle for future action. Because budget is the only way to compare reality in determining performance evaluation, but budget is not in the nose of planning the future                                                          

so correct option is Budgeting forces management to plan for the future.

3 0
3 years ago
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