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MariettaO [177]
3 years ago
13

ack and Jackie had been living together in Kansas for about a year. Jack wanted to marry Jackie, so he bought a $10,000 engageme

nt ring and romantically gave it to her when they went out to dinner. She accepted his proposal of marriage and the ring and went about arranging their wedding ceremony for about six months later. She had to make several non-refundable deposits. But about 3 weeks before the wedding, without any explanation Jack called off the engagement and demanded that Jackie return the engagement ring, which she refused to do. Is Jack entitled to get the ring back or can Jackie keep it? For up to 20
Business
1 answer:
Dahasolnce [82]3 years ago
8 0

Answer:

Jack is NOT entitled to get the ring back and Jackie keep it.

Explanation:

A Contract existed between Jack and Jackie and the ring was given to Jackie after <u>the acceptance of a marriage proposal</u> because 'she accepted his proposal of marriage'. Therefore there is an oral enforceable contract in place.

Another thought or evidence in support of Jackie's position is the fact they had lived together for over a year, hence <u>it is more likely than not that a marriage intention must have been in place</u>.

Furthermore, Jack cannot be entitled to get back the ring because in the United States <u>statute of frauds also cover a prenuptial agreement</u>

<u>Therefore, for Jack to enforce any position or claim of the ring, there must be an agreement to prove that  (something in writing), that Jackie had signed; stating that she would return the ring if he changed his mind.</u>

In the scenario, that condition is not present and Jackie would keep the ring.

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10. Barbara Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts
katrin [286]

Answer: $17,000

Explanation:

Given that,

Budgeted beginning cash balance = $16,000

Budgeted cash receipts total = $188,000

Budgeted cash disbursements total = $187,000

Desired ending cash balance = $40,000

The excess (deficiency) of cash available over disbursements for June will be:

= Beginning cash balance + Cash receipts - Cash disbursements

= $16,000 + $188,000 - $187,000

= $17,000

5 0
3 years ago
If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo
MatroZZZ [7]

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.

<h3>Who is a monopolist?</h3>

monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.

It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .

Learn more about monopolist on:

brainly.com/question/13113415

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7 0
1 year ago
Career skills refer only to the simple tasks employees perform. True or False
Eva8 [605]
It would most likely it would be false
3 0
3 years ago
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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
CaHeK987 [17]

Answer:

The current price of the bond would be € 898.87

Explanation:

Hi, we need to bring to present value the coupon payments and also the face value of the coupon in order to find the price of this bond, that can be done by using the following formula.

Price=\frac{Coupon((1+Yield)^{n}-1) }{Yield(1+Yield)^{n} } +\frac{FaceValue}{(1+Yield)^{n} }

Where:

Coupon = 1,000*0.078=78

Yield = 0.089 (or 8.9%)

Face Value= 1,000

n = 20 coupon payments

So, everything should look like this.

Price=\frac{78((1+0.089)^{20}-1) }{0.089(1+0.089)^{20} } +\frac{1,000}{(1+0.089)^{20} }

Price=717.13+181.74=898.87

Therefore, the price of this bond is € 898.87

Best of luck.

7 0
2 years ago
Sister Pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. Al's Construction build
Aloiza [94]

Answer:

$1,952 (Positive NPV)

Explanation:

Year   Annual CF ($)   PV factor at 10.30%    PV of Cash Flow ($)

1               17,000                  0.90662                         15,413

2              17,000                  0.82196                          13,973

3              17,000                   0.74520                         12,668

4              17,000                   0.67561                          11,485

5              17,000                   0.61252                          10,413

6              17,000                   0.55532                          9,441

7              17,000                    0.50347                          8,559

TOTAL                                    1.73554                          81,952

Net Present Value (NPV) = Present value of annual cash flows - Initial Cost

Net Present Value (NPV) = $81,952 - $80,000

Net Present Value (NPV) = $1,952 (Positive NPV)

8 0
3 years ago
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