Answer:
b. Smokey will win because the contract did not need to be in writing.
Explanation:
The Statute of Fraud requires that certain contracts must be in writing to be enforceable. Oral contracts are enforceable if they fulfill certain conditions and if the consideration is below $500. The contract between Speed Racer and Smokey is for less than $495 which clarifies that the contract does not need to be in writing. Also Smokey paid $100 as a deposit to Speed Racer which is part performance of the contract. This made the contract enforceable and Speed Racer will lose.
Some problems that Hudson will face when they enter into the European market include:
- Competition from established industries.
- Higher cost of establishment.
- Lower profits or losses in first few years.
<h3>Why will Hudson face these problems?</h3>
Hudson would be going up against already established companies who have a loyal customer base and less costs as they do not need to pay for startup costs.
Hudson will also incur high investment costs in the areas of production and advertisement as they try to establish themselves in the European markets.
As a result of these high costs, Hudson will make losses or low profits as they might not be able to draw enough clientele to cover the cost of setting up in Europe.
In conclusion, Hudson faces several challenges.
Find out more about start up costs at brainly.com/question/13923720.
The correct answer is <span>B. Demand for more pairs of jeans results in an increase in both price and quantity supplied.
You can see that demand is increasing since d2 is on the right of d1. You can also see that prices increase since p2 is greater than p1. You can also see that quantity supplied also increases since q2 is on the right of q1.</span>
Answer:
D. The two assets have the same coefficient of variation.
Explanation:
the coefficient of variation = standard deviation / mean
- the coefficient of variation of the stock = 20% / 12% = 1.67
- the coefficient of variation of the treasury bonds = 15% / 9% = 1.67
As a general, the lower the coefficient of variation, the more exact is the estimated return.
Answer: The correct answer is <u>".B. There is no beginning inventory.".</u>
Explanation:
The weighted average method produces the same cost of manufactured goods as the FIFO method (First in First out) when there is no beginning inventory because there are no units at the beginning that drag the cost.