Answer:
something of value must be given by party.
Explanation:
In the contract agreements, the term consideration means something of value offered by one part in exchange for other goods, services, or promises. In most cases, consideration is in monetary form, although money is not the only valuable item acceptable as consideration. Consideration is the benefit that one enjoys by fulfilling their obligation in a contract.
For contacts to be valid, there must be a consideration. Only lawful valuable can be considered as consideration.
Answer:
The correct answer is letter "A": Brazil only.
Explanation:
Comparative advantage is the ability of an organization or individual to produce at lower opportunity costs. This is achieved by introducing efficient productivity strategies or achieving economies of scale.
For the case given, the comparative advantage of Brazil and Chile is based on labor productivity only. Then:
- <em>The comparative advantage of Chile on sugar</em> =
= 0.4 - <em>The comparative advantage of Brazil on sugar </em>=
= 0.5
Thus, <em>Brazil has a comparative advantage over Chile on sugar.</em>
Answer:
Dr. Cr.
Sales, $56,000
Income Summary $56,000
<u> </u>
Dr. Cr.
Income Summary $52,500
Sales Returns and Allowances $3,000
Sales Discounts, $1,500
Depreciation Expense, $25,000
Salaries Expense, $23,000
<u> </u>
Explanation:
Cash, Equipment, Accumulated Depreciation, Accounts Payable, Owner Capital and Owner Withdrawals are all permanent accounts. These accounts will not close and do not need any closing entry.
Answer:
price discrimination (third degree price discrimination)
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Selection tools help a company or a recruiter find the best fit for their company. Applications, resumes, interviews, and employment tests ( such as personality tests) are all examples of selection tools. They help the employer SELECT their next employee and make it easier to find the traits they are looking for.
