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Nimfa-mama [501]
3 years ago
14

Susan drops by her neighbor Dean's garage sale and buys a painting for $10 that both she and Dean think is a copy of a piece by

Matisse, a well-known painter. Later, Susan is delighted to discover that the painting is actually an original Matisse worth $50,000,000. Dean hears the news and wants the painting back. Will Dean be entitled to rescind the contract? Why or why not?
Business
1 answer:
Mars2501 [29]3 years ago
7 0

Answer:

Dean probably will be able to get the painting back. A mutual mistake was made since both parties involved, Dean and Susan, made an important factual error. They both were convinced that the painting was an ordinary copy and that it was worth very little money. A mutual mistake makes the contract voidable by any party.

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Jack recommends his new keurig coffee machine to his friend jill. jill buys her own keurig and loves it - studies show that she
Elza [17]
The effect that could be called to the given scenario above is the referral marketing. The referral marketing is a way of being able to promote products to customers, specifically new, with the use of referrals. It could be seen above as after Jack recommended it to Jill, Jill will now refer the product that she loves to another person that could be a potential new customer.
8 0
3 years ago
The main goal of resource development is to find ways to promote the central planning of resource utilization so that resources
Brilliant_brown [7]

Answer:

Allocate existing resources more efficiently among competing uses.

Explanation:

The main goal of resource development is to find ways that allocate resources more efificiently, to spread the available resources in a way that maximizes economic and social benefit taking into account the different competing uses.

Resource development does not necessarily promote central planning because it can make use of market strategies to achieve its goal, and it cannot increase the amount of resources available as well, because these are determined by the natural endownment that each area has.

4 0
4 years ago
Performing quality assurance is a subprocess of the _____ process of project quality management. a. initiating b. monitoring and
puteri [66]

Answer:

d. executing

Explanation:

Quality Management in Project Management implies the elaboration of a quality plan for the creation of the product, taking into account the scope of the project and the requirements of the interested parties.

This area has three processes, as exposed in the PMBOK Guide prepared by the Project Management Institute (PMI):

Quality management planning

Carrying out quality assurance

Quality control

Quality management planning is placed in the group of planning processes; quality assurance is placed in the execution process group; and quality control is in the group of monitoring and control processes.

The Quality Management deliverables are as follows: quality management plan, process improvement plan, quality metrics, quality checklists, quality control measures, validated changes, and verified deliverables

7 0
3 years ago
Changes in accounting estimates are: Multiple Choice Extraordinary items. Accounted for with a cumulative "catch-up" adjustment.
Tom [10]

Answer:

The answer is D. Accounted for in current and future periods.

Explanation:

A change in accounting estimate is an adjustment of the carrying value of an asset or liability arising from reassessing the expected future economic benefits and obligations associated with that asset or liability.

Changes in accounting estimates must be shown in the accounting period in which the estimates are revised and periods after i.e accounted for prospectively. Example is a change in useful life and salvage value of a fixed asset

4 0
3 years ago
The free cash flow to the firm is reported as $205 million. The interest expense to the firm is $22 million. If the tax rate is
Sergeu [11.5K]

Answer:

The correct answer is $2,444.6 billion

Explanation:

FCFE= FCF+ Increase in debt- Interest (1-t)

        =  $205+$25-$22( 1-0.35)

        =$215.7

Market Value = [(215.7)1.02)]/ [11%-2%]

                      =$2,444.6

Assuming a single period growth rate of 2%,

the forecasted FCFE =$215.7(1+0.02)

                                  =$220.01 billion

Although this is not available in the options provided ,$220.01 billion is the correct answer.

4 0
3 years ago
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