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matrenka [14]
3 years ago
9

Mason and Chenoa orally agree to a contract in which Mason will replace the fixtures in Chenoa’s bathroom. In exchange, Chenoa a

grees to cut Mason’s hair every six weeks for the next two years. Mason performs his side of the bargain, and Chenoa cuts his hair on schedule for six months. Then she sells her house and moves 2,000 miles away. Mason can seek recovery based on:
Business
1 answer:
Alex Ar [27]3 years ago
8 0

Answer: Quasi-contract

Explanation:

The quasi-contract is one of the type of retroactive agreement between the two parties and this contract is basically created for the purpose of manage the various types of circumstances such as unjust enrichment regarding the various types of products and the services.

 The quasi contract is basically created by a judge in the court too avoid all the conflicts in the party so that both the parties manage their expenses accurately.

 According to the given question, Mason can seek the recovery on the basis of the quasi-contract between the Chenao and Mason exchange agreement. Therefore, Quasi-contract is the correct answer.  

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Umatilla Bank and Trust is considering giving Pronghorn Corp a loan. Before doing so, it decides that further discussions with P
pickupchik [31]

Answer:

$306,620

Explanation:

Umatilla Bank and Trust

The Unadjusted inventory is $277,880

Adjustments:

1. No adjustment because the ownership is already been transferred to the buyer at shipping point.

Hence , the goods are not included in value of inventory.

2. No adjustment as the ownership will as well make transfer once the other pay will receive the inventory but the inventory is not yet recieved.

3. 27,180 ownership is with Pronghorn Corp that means it should be included in the inventory

4. 46,830 ownership is been retained by Pronghorn Corp, the inventory will as well be be included

5. 45,270 ownership is not been retained be

by Pronghorn Corp, which means it has to be excluded from the inventory.

Hence:

The adjusted inventory will be:

277,880 +27,180+46,830-45,270

= $306,620

4 0
3 years ago
University Car Wash built a deluxe car wash across the street from campus. The new machines cost $213,000 including installation
djyliett [7]

Answer:

The depreciation schedule for six years is attached below.

Explanation:

8 0
3 years ago
A firm has a market value equal to its book value. Currently, the firm has excess cash of $300 and other assets of $6,200. Equit
Jlenok [28]

Answer:

new earnings per share is $1.53

Explanation:

Given data

excess cash = $300

Equity is worth = $5,000

other assets = $6,200

stock outstanding  = 500 shares

net income = $720

to find out

new earnings per share

solution

we know that equity per value is Equity / stock outstanding

that is

equity per value = (5000 / 500) = 10

equity per value = $10

and

we can purchase equity with excess cash $300 that is

= excess cash / equity per value

purchase equity with excess cash = (300 / 10)  = 30

purchase equity with excess cash = 30 shares

so

after repurchase we have balance share is =  (500 - 30) = 470

balance share = 470 shares

so that

new earnings per share will be = net income / balance share

new earnings per share =  (720 / 470) = 1.53

new earnings per share is $1.53

8 0
3 years ago
Examine the quarterly sales data in a little different way. Contruct two pie charts, one for sales in 2012 and the other for sal
julsineya [31]

Answer:

sales are becoming less seasonal

Explanation:

besides constructing a pie chart, we can also answer this question by percentages (which is more exact).

2012:

total sales = $69,338

Q1 sales = $10,613 / $69,338 = 15.31%

Q2 sales = $6,424 / $69,338 = 9.26%

Q3 sales = $19,283 / $69,338 = 27.81%

Q4 sales = $33,019 / $69,338 = 47.68%

2013:

total sales = $142,238

Q1 sales = $30,342 / $142,238 = 21.33%

Q2 sales = $33,867 / $142,238 = 23.81%

Q3 sales = $34,246 / $142,238 = 24.08%

Q4 sales = $43,783 / $142,238 = 30.78%

During 2012, almost 50% of total sales happened during Q4, something similar to selling toys which are extremely seasonal due to Christmas.

During 2013, this changed since Q4 sales only represent 30% of total sales. Sales increased during Q1 and Q2, and slightly decreased in Q3. They are much more similar now, since sales are almost evenly spread throughout the year.

7 0
3 years ago
Group Working age population Discouraged workers Employed Unemployed # in Millions 215 5 138 According to the table, the labor f
patriot [66]

Answer:

A decrease in labor force participation rate

Explanation:

The workers which are discouraged can opt out of the labor market since there is no incentive for them work anymore. The workers choosing to go out of the labor market will decrease the overall labor force participation rate. The unemployment rate can also be affected but the main effect would be on labor force participation rate

4 0
3 years ago
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