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sp2606 [1]
4 years ago
7

Jeff was a subcontractor, bidding on a contract for ACE Corp., the general contractor. When adding up the total of materials and

labor, Jeff's secretary mistakenly moved the decimal point one place, ending up with a bid of $3500 rather than $35,000. ACE Corp. accepted Jeff's bid, mostly because all the other bids were over $30,000. When Jeff learned of the mistake, he tells ACE Corp. that he cannot do the job for $3500. If ACE Corp. sues to enforce this contract, what is the most likely result?
Business
1 answer:
Kobotan [32]4 years ago
7 0

Answer:

ACE Corp. would lose.

Explanation:

Even though this would be considered a unilateral mistake from Jeff's side, the other party, ACE Corp., could easily realize that there was something wrong with it. It is not logical to believe that Jeff would be able to build something at only 10% of the cost than the rest of the competition.

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In the introduction to his speech on the art of digital photography, Terrance mentioned that he works part-time at a camera shop
elixir [45]

Answer: The correct answer is "a. establish credibility".

Explanation: Terrance was seeking to accomplish the "establish credibility" goal in the speech introduction.

Among the qualities that every speaker should have is credibility, characterized by three other qualities, which are: honesty, knowledge and dynamism. The credibility also has to do with the good reputation of the speaker to obtain acceptance of his message, in addition to being well prepared, that is, having knowledge, competence and experience on the subject.

4 0
4 years ago
The UpTowner just paid a $3.45 annual dividend. The company has a policy of increasing the dividend by 4.5 percent annually. You
Basile [38]

Answer:

$41.74

Explanation:

For computing the price, first , we need to calculate the current price which is shown below:

= Last dividend × ( 1 + growth rate)  ÷ (Required rate of return - growth rate)

= $3.45 × ( 1 + 0.045) ÷ (14.8% - 4.5%)

= $3.60525 ÷ 10.3%

= $35

Now the price would be

= Current price × ( 1 + growth rate) ^ years

= $35 × ( 1 + 0.045) ^ 4 years

=  $35 × 1.1925

= $41.74

8 0
3 years ago
Which of these statements explains the term supply?
Black_prince [1.1K]
Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
7 0
4 years ago
Read 2 more answers
The number of internal disk drives​ (in millions) made at a plant in Taiwan during the past 5 years​ follows:______. Year Disk D
Ksenya-84 [330]

Full question attached

Answer and Explanation:

Please see answer and explanation attached

7 0
3 years ago
Carter Containers sold marketable securities, land, and common stock for $37.0 million, $13.0 million, and $35.0 million, respec
myrzilka [38]

Answer:

$16.8 million

Explanation:

Calculation to determine What amount should Carter report as net cash from investing activities

($ in millions)

Cash Flows from Investing Activities:

Proceeds from sale of marketable securities $37

Proceeds from sale of land $13

Less Purchase of equipment for cash ($23)

Less Purchase of patent for cash($10.2)

Net cash inflows (outflows) from investing activities $16.8

Therefore the amount that Carter should report as net cash from investing activities is $16.8 million

7 0
3 years ago
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