Esmeralda's promise is not enforceable because society does not want gifts cheapened by making them legally enforceable because society does not want gifts cheapened by making them legally enforceable.
A legally enforceable contract means that you can keep the promise of the other party. If the other party fails or refuses to meet its obligations, the contract can be fulfilled in accordance with the law.
A non-enforceable contract or transaction is valid but not enforced by the court. Unenforceable is typically used in conflict with void (or void ab initio) and voidable. If the parties implement the agreement, it is valid, otherwise, the court will not enforce them.
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Answer:
45.62 days
Explanation:
For computing the average number of days receivables, first, we have to calculate the account receivable ratio. The formula is shown below:
Account receivable ratio = Net credit sales ÷ Average accounts receivable
where,
Average account receivable = (Beginning account receivable balance + ending account receivable balance) ÷ 2
Now put these values to the above formula
So, the answer would be equal to
= $480,000 ÷ ($40,000 + $80,000 ÷ 2)
= $480,000 ÷ $60,000
= 8 times
Now, the average level of receivables equals to
= Total number of days in a year ÷ Account receivable ratio
= 365 days ÷ 8
= 45.62 days
A tax cut that will last for only a year will not have a huge effect on the aggregate demand as the aggregate demand increases only when the tax cut is permanent.
The given statement is false.
<h3>What is a tax?</h3>
A tax is a liability imposed on the taxpayer to pay a specified sum to the government based on the income they have earned in the previous year.
When the cutting of taxes becomes permanent in the country, then the citizens can start to acquire more which will increase the spending. The families will expect that the tax cuts are for the longer term which now induces them to buy and spend more and also act as an addition to their incomes. This whole impact would eventually lead to rising in aggregate demand.
Therefore, the demand increases when the tax cuts are permanent rather than when tax cuts are for only one year.
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Answer:
Complementary goods
Explanation:
Complementary goods are goods that are demanded for together or consumed together. If the demand for one of the complementary goods increases, the demand for the other good increases and vice versa.
If the price of coffee increases by 10%, the demand for coffee and doughnut would fall according to the law of demand.
I hope my answer helps you.
