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3 years ago

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In a contract, what is consideration? A. Exchanging things of value B. Breaching the contract C. A business tort D. The minimum

age for the contract Please select the best answer from the choices provided A B C D

1 answer:

Art [367]3 years ago

7 0

Exchanging things of value is what consideration is in a contract.

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Please post detailed answers to the following questions. Please use complete sentences. Use the Internet to research legal conce

zhannawk [14.2K]

· One of the biggest ethical concerns, which often also becomes a legal issue, is the appropriate use of technology. As technology advances in its capabilities, age-old ethical questions are raised and brought into the realm of public discussion.

3 0

3 years ago

Bill is a single taxpayer and is 38 years of age. In 2018, his salary is $28,000 and he has interest income of $1,500. In additi

butalik [34]

Answer:

a. $29,500

b. $28,100

c. $12,000

d. $16,100

Explanation:

The computation is shown below:

a. Gross income

= Salary + interest income

= $28,000 + $1,500

= $29,500

b. Adjusted gross income

= Gross income - deductions for adjusted gross income

= 29,500 - $1,400

= $28,100

c. The standard deduction or itemized deduction for the year 2018 is $12,000

d. Taxable income

= Adjusted gross income - standardized deductions

= $28,100 - $12,000

= $16,100

8 0

3 years ago

Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric

LenKa [72]

Answer:

Export

True

False

True

Explanation:

Free trade is a form of trade policy where there are no restrictions to imports or exports of goods and services.

The price of meekers is $30 in Meekertown and $40 In the world. Because meeker's are cheaper in Meekertown, it means that Meekertown is efficient in the production of meekers. As a result, they would export meekers to the rest of the world. It would be cost efficient for the rest of the world to import from Meekertown.

Consumers in Meekertown are worse of because of the trade because the price of Meekers would rise.

Producers are better off because they would earn more profits from the sale of Meekers at the world price.

Free trade increases total surplus because of efficient production. If a country is inefficient in production, it would import . This would increase consumer surplus and if it is efficient in production, it would export increasing producer surplus.

I hope my answer helps you

7 0

4 years ago

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,

dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = <u>Annual incremental net operating income</u>

Initial investment

<u />

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000 = $69,000

Therefore, simple rate of return = $69,000 / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

6 0

3 years ago

Mason Holdings is expected to pay dividends of $.20 every quarter for the next three years. If the current price of Mason stock

Nesterboy [21]

Answer:

Price of the stock at the end of three years =$34,27

Explanation:

Price of the stock today = $\frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{P3}{(1+ke)^3}$ .

Where D1 is the total dividend earned in year 1 =$0.2*4=$0.8

D1=D2=D3=$0.8

therefore, from the given information

$$22.60=\frac{0.8}{(1+0.18)^1} + \frac{0.8}{(1+0.18)^2} +\frac{0.8}{(1+0.18)^3} + \frac{P3}{(1+0.18)^3}$ .

Solve for P3, which is the price of the stock at the end of three years =$34,27.

8 0

3 years ago