Answer:
Oral Employment Contract
We shall assume that Schwartz Inc. changed its mind some period before the May 2021 Johnny's graduation date.
We can argue that the contract is voidable by Schwartz because it was an oral contract. The protections accorded a written contract are missing. And the conditions for voiding the contract are not clearly enumerated as in a written contract.
The contract duration favors Johnny more than Schartz, Inc. because it is for a year and no more.
Therefore, since the employment contract is for a year, it is legally enforceable by Johnny.
Explanation:
But if Schwartz were to void the contract in May 2021 when no opportunity would be given to Johnny to enter into another contract immediately, we could conclude that to void the contract was unconscionable. Contracts are not voidable with a change of mind, most especially if the other party would suffer some damages as result. Contracts require legal reasons for voiding them.
The amount of merchandise inventory at the beginning of the year is B. $41,000.
<h3>What is the beginning inventory?</h3>
The beginning inventory is the balance of inventory at the beginning of a financial period.
The purchases for the current period, under the periodic inventory system, are added to the beginning inventory to obtain the value of goods available for sale. From the cost of goods available for sale, the ending inventory is deducted to obtain the cost of goods sold.
Thus, the amount of merchandise inventory at the beginning of the year is B. $41,000.
Learn more about the periodic inventory system at brainly.com/question/8189650
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the advantages are that they have more products for more people and a broad range to make sure that people find what their looking for.
the disadvantages are that the company will have less of all of the items, the resources might be strained after all the items are made, all of the items could cost too much, and some other businesses might not like you entering the market, so they may launch the same items you are launching just with a retailed name and a lower price.
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