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IceJOKER [234]
4 years ago
11

Joe plans to form Joe’s Plumbing, Inc. He enters into a contract with Mary on Monday and then forms his corporation on Tuesday.

Joe breaches the contract. Mary sues Joe and Joe’s Plumbing, Inc. for breach of contract. A. Mary will lose the suit against Joe’s Plumbing, Inc. B. Mary will lose the suit against Joe C. Mary will likely win the suit against Joe.. D. Joe is protected from liability for the acts of Joe’s Plumbing, Inc.
Business
2 answers:
Readme [11.4K]4 years ago
5 0

Answer:

C. Mary will likely win the suit against Joe.

Explanation:

When Joe entered a contract with Mary on Monday, this means that he has to abide by the rules and is oblige to perform his duties regarding the contract. Forming his corporation on Tuesday breached the contract he made last Monday. Since the corporation occurred after he made a contract with Mary, then this means that Mary will likely win the suit against Joe.

This means that Joe failed to perform what was agreed on the contract with Mary. "Time is essential" when it comes to prioritizing which contract is superior than the other.

So, this explains the answer.

Daniel [21]4 years ago
4 0

Answer:

It would most likely be A.

Explanation:

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The management of Lanzilotta Corporation is considering a project that would require an investment of $280,000 and would last fo
Neko [114]

Answer:

3.37 years

Explanation:

Calculation to determine what The payback period of the project is closest to

First step is to calculate the Net Cash inflow for the year

Net Cash inflow for the year =$114,000-$31,000

Net Cash inflow for the year =83,000

Now let calculate the Payback period

Using this formula

Payback period=investment/Net Cash inflow for the year

Let plug in the formula

Payback period=$280,000/83,000

Payback period=3.37 years

Therefore The payback period of the project is closest to 3.37 years

5 0
3 years ago
Each economy possesses resources and technology to use in production. true or false
kicyunya [14]

Answer:

True.  as land is limited and the technology can be developed and used for good.

Explanation:

  • Every economy has resources and the better the economy uses these resources the better is the production and consumption of the resources, the only need is the potential to develop the resource as the middle east has developed the use of desalinated water technology to clean the salted water and thus create a valuable resource.
  • The resources are there and one needs to develop them to there full potential with the help of technology that may be transferred from any other nation or territory as a form of the technology transfer.
7 0
3 years ago
One guide to choosing a leadership approach uses a series of questions. For example, "Is decision quality highly important?" or
Sauron [17]

Answer: Vroom and Yetton's normative decision model.

Explanation:

The Vroom–Yetton normative decision model is a situational leadership theory of industrial and organizational psychology that was developed by Victor Vroom, in collaboration with Phillip Yetton and later with Arthur Jago. The situational theory argues the best style of leadership is contingent to the situation.

Regarding decision making, the Vroom-Yetton model suggests that being autocratic, seeking advice, considering alternative approaches before a decision is made, informing a group on an issue, and letting that group develop the solution without forcing your own ideas are all important at times.

5 0
4 years ago
Target Profit Outdoors Company sells a product for $110 per unit. The variable cost is $65 per unit, and fixed costs are $288,00
STatiana [176]

Answer:

Results are below.

Explanation:

Giving the following information:

Target Profit Outdoors Company sells a product for $110 per unit. The variable cost is $65 per unit, and fixed costs are $288,000.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 288,000 / (110 - 65)

Break-even point in units= 6,400

<u>Now, we incorporate the desired profit in the formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (288,000 + 54,720) / 45

Break-even point in units= 7,616 units

7 0
3 years ago
The accountant at Metlock, Inc. is figuring out the difference in income taxes the company will pay depending on the choice of e
Lisa [10]

Answer:

$339

Explanation:

Computation of the given data are as follows:

Income before tax in FIFO = $15,730

Tax rate = 30%

So, the Tax amount for FIFO = $15,730 × 30%

= $4,719

And, Income before tax in LIFO = $14,600

Tax rate = 30%

So, the Tax amount for LIFO = $14,600 × 30%

= $4,380

So, the difference in tax amount = Tax amount for FIFO  - Tax amount for LIFO

= $4,719 - $4,380

= $339

6 0
3 years ago
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