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jeka94
4 years ago
10

Kay, an art collector, promised Hammer, an art student, that if Hammer could obtain certain rare artifacts within 2 weeks, Kay w

ould pay for Hammer’s postgraduate education. At considerable effort and expense, Hammer obtained the specified artifacts within the 2-week period. When Hammer requested payment, Kay refused. Kay claimed that there was no consideration for the promise. Hammer would prevail against Kay based on:_______.
A. Unilateral contract.
B. Unjust enrichment.
C. Public policy.
D. Quasi contract.
Business
1 answer:
IRINA_888 [86]4 years ago
5 0

Answer:

Hammer would prevail against Kay based on:_______.

A. Unilateral contract.

Explanation:

A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.

in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.  

since in a unilateral contract, the offer can only be accepted when the other party completely performs the requested action.

Hence  Hammer would prevail against Kay based on Unilateral contract.

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A process cost summary for a production department accounts for all costs assigned to that department during the period plus cos
tigry1 [53]

Explanation:

The process cost shows the summary of the activities related to the production. It includes the cost of goods completed & transferred units  and the ending work in process inventory.

So, the given statement is true

The indirect cost are come under the manufacturing overhead cost. So, it would be charged to overhead control account

Thus, the given statement is false.

The direct labor includes that labor which is directly related to the production process of a product. So the single production department is likely to be a direct labor

Thus, the given statement is true.

To record the allocation of overhead, the following journal entry is required

Work in Process Inventory, Baking Dept  A/c Dr $24,500

       To Factory overhead A/c $24,500

(Being the overhead allocation is recorded)

The computation is shown below:

= Direct labor cost  × allocation rate

= $10,000 × 245%

= $24,500

Thus, the given statement is true.

7 0
4 years ago
If the Japanese yen–U.S. dollar exchange rate is ¥104.30/$, and it takes 25.15 Thai bahts to purchase 1 dollar, what is the yen
S_A_V [24]

Answer:

4.15 Yen per 1 Thai bahts

Explanation:

Given a Yen (Y) to USD ($) Price of 104.30, and a Thai bahts (T) to USD price of 25.15. We derived the following.

\frac{Y}{USD} = 104.30

\frac{T}{USD} = 25.15

USD to Thai bahts = \frac{USD}{T} =\frac{1}{25.15}

Therefore, Yen to baht = \frac{Y}{USD} *\frac{USD}{T}

= 104.30 * \frac{1}{25.15}

= 104.30/25.15

= 4.15 Yen per Thai bahts

6 0
3 years ago
The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as ________ where loyal consumer
Mkey [24]

The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as advocacy where loyal consumers recommend brands they have adopted.

the question is incomplete .please read below to find the missing content

The popularity of social media sometimes leads to a new stage in the hierarchy of effects known as ________ where loyal consumers recommend brands they have adopted.

Multiple Choice

evaluation

advocacy

preference

interest

repurchase

Advocacy is the activity of individuals or groups aimed at influencing decisions within political, economic, and social institutions. Advocacy Her group, for example, is a non-profit organization dedicated to helping women who have been victims of domestic violence and are afraid to speak up for themselves.

Advocacy includes promoting the interests or causes of someone or a group of people. An advocate is someone who advocates, endorses, or supports a cause or policy. Advocacy is also about helping people find their voice. There are three types of advocacy: self-advocacy, individual advocacy, and system advocacy.

Learn more about advocacy here

brainly.com/question/1086036

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4 0
2 years ago
Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or business. In the current year, Mar
erma4kov [3.2K]

Answer: The total of $350,000 will be Maria and Javier's qualified business income.

Explanation:

The amount of guranteed payments, i.e., $500,000 will not be included in the qualified business income. Therefore, their qualified business income is $350,000. Since they are equal partners, we will divide the $350,000 by 2 which will give us $175,000 for each of them.

5 0
3 years ago
What might a southern governor do if he or she wanted business to move into his or her state apex?
Dafna1 [17]
Offer a company a tax break
7 0
3 years ago
Read 2 more answers
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