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Sergeu [11.5K]
3 years ago
15

2. The Fourth of July Company agreed to ship a quantity of fireworks to Behan. After Behan pays in full, he learns that state la

w prohibits this type of sale. Before the fireworks are sent, Behan calls to cancel this contract and to demand his money back. May he recover his money in court
Business
1 answer:
earnstyle [38]3 years ago
4 0

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.

You might be interested in
Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________
Vadim26 [7]

Answer:

The factor market

Explanation:

The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.

3 0
4 years ago
There are ten firms in an industry. Five of the firms each have a market share of 12 percent and five of the firms each have a m
blondinia [14]

Answer:

1,040

Explanation:

The Herfindahl index is an index that is used to measure the size of firms in relation to the industry and it also shows the level of competition among the firms in the industry. The Herfindahl index is also known as Herfindahl–Hirschman Index (HHI).

The Herfindahl index is calculated by summing the square of the market share of all firms in the industry. For this question, it can be calculated as follows:

Herfindahl index = (12^2 * 5) + (8^2 * 5) = 720 + 320  = 1,040.

3 0
4 years ago
Darren's discount Motel offers a 27% discounted rate for stays of a week of more. If you stay for eight nights and the usual tat
Dvinal [7]

Discount rate = 27%

Rate before discount = $125 per night

Rate after discount = 125-27%of 125

= 125-33.75 = $91.25

Total nights = 8

Total amount to be paid = 91.25*8 = $730 (answer)

6 0
3 years ago
Sémeuo is a German transnational food and beverage company. Recently, some of the products were rejected by the quality control
marin [14]

Answer:

D, a pareto diagram

Explanation:

The pareto diagram was named after the discoverer of the diagram/technique, Vilfredo Pareto. He used the diagram in his study of wealth and poverty in Europe in the 1900s.

The pareto diagram is a bar chart that ranks related events in decreasing other of occurrence. It contains both a bar and line graph. The individual events are recorded by the bar while the total event is recorded by the line graphs.

In the above question, for Clarissa to identify defects, she has to use Pareto diagram which will have the defects represented by the bar and the total production process by the line graph. This helps her to find out the stage in production where the defects started from and how much effect it has onn the production process.

Cheers.

4 0
3 years ago
Leo is a self-employed architect who maintains a qualifying office in his home. Leo has $80,000 gross income from his practice a
pychu [463]

Answer:

$8,000 (they cannot exceed total income ⇒ business expenses + home office deductions ≤ $80,000)

Explanation:

The Tax Cut and Jobs Act established a maximum of $5,000 (single filers) deduction for property taxes (so Leo's real estate tax qualifies), and since Leo is self-employed, he can also deduct mortgage interest.

Other office expenses can be deducted either total if they only apply to the home office or partially if they apply to the entire house, and must be assigned proportionally. These expenses generally include insurance, utilities, repairs, security system expenses, maid service, garbage disposal, and decorating expenses.

There are two ways to determine the amount of home office deduction:

  1. the simplified method which allocates $5 per square foot of home office (we are not given any measurement)
  2. you can add all you business expenses and they allocate a percentage. Here we can assume that the calculation has already been done by Leo. In this case, Leo's home office deduction + business deductions exceed his total income, so they are limited to = $80,000 - $72,000 = $8,000. The rest must be carried over to next year.

8 0
3 years ago
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