Answer:
Behan will recover his amount.
Explanation:
The contract has not been formed as the contract is only enforceable if the contract is legally allowed which means that the selling of fireworks in this case scenario is not allowed and hence Behan and Fourth of July Company are both equally responsible for not committing to such type of agreements. So the company must payback the money as the contract is not enforceable in the jurisdiction.
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Answer:
Explanation:
S/N Age range Adult Population Population Internet Users
A 18 - 29 478 454
B 30 - 49 833 741
C 50 and above 1644 1058
Total 2955 2253
a) Let E = Estimate proportion and A = Internet users
Hence, n(E) = 478 and n(A) = 454
∴ Probability of Internet users (18 - 29), P(A) = n(A)/n(E) = 454/478 = 0.9498 (94.98%)
b) n(E) = 833 and n(B) = 741
∴ Probability of Internet users (30 - 49), P(B) = n(A)/n(E) = 741/833 = 0.8896 (88.96%)
c) n(E) = 1644 and n(C) = 1058
∴ Probability of Internet users (50 and above), P(C) = n(C)/n(E) = 1058/1644 = 0.6436 (64.36%)
d) Let Et = Total estimate proportion
Hence, n(Et) = 2955 and n(A) = 454
∴ Probability of 18 - 29 age range using Internet overall Pt(A) = n(A)/n(Et) = 454/2955 = 0.1536 (15.36%)
The Present Value is $335,539.75
This is a form of an annuity. The present value of an ordinary annuity can be computed as follows -
PV = A * 1 - 1 / (1 + r)n / r
where
A = annual revenue or annuity,
r = rate of interest,
n = no. of years
PV = 65000 * 1 - frac 1 / (1+0.0825)^7 / 0.0825 = 335,539.746942
or, Present value = $335,539.75
Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.
Learn more about Recurring Revenue here: brainly.com/question/14317614
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