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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.

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Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000. The effect of this transaction on
Sedbober [7]

Answer: $10,000 increase in Treasury Stock

Explanation:

Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.

This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.

3 0
2 years ago
Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (cpi) is currently 125. t
Zigmanuir [339]

Suppose a market basket of goods and services costs $400 in the base year and the consumer price index (cpi) is currently 125. This indicates the price of the market basket of goods is now <u>$275</u>.

Inflation is a boom within the standard fee stage. The respectable inflation price is tracked with the aid of calculating changes in a degree called the consumer price index (CPI). The CPI tracks modifications in the cost of residing through the years. Like different financial measures it does a quite precise job of this.

The consumer price index is referred to as that index that is utilized in calculating the retail inflation within the economic system by monitoring the modifications in costs of most normally used goods and services. In other words, the patron charge index calculates the changes in the rate of a common basket of products and offerings.

The CPI tracks the change in retail fees of products and offerings which families buy for or their daily intake. To degree inflation, we estimate how a great deal CPI has accelerated in terms of percentage change over the identical length of the preceding 12 months. If expenses have fallen, it is referred to as deflation (negative inflation).

Learn  more about the consumer price index here brainly.com/question/1889164

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5 0
1 year ago
Economics is A. the study of how unlimited resources are allocated to satisfy limited wants. B. the study of how limited resourc
Lera25 [3.4K]

Answer:

B. the study of how limited resources are allocated to satisfy unlimited wants

Explanation:

According to Professor Lord Robbins, Economics is social science which studies human behavior in relation to ends and scarce means. Economics is the study of how humans allocate limited resources to satisfy unlimited wants.

Human wants are unlimited whereas the resources available to satisfy those wants are limited and as such a  scale of preference would be drawn to determine what wants are to be satisfied first.

Therefore, the right option is B. the study of how limited resources are allocated to satisfy unlimited wants.

5 0
3 years ago
Which type of business ownership represents a hybrid between a partnership and corporation by allowing up to 100 shareholders wi
soldi70 [24.7K]

<u>Answer:</u>Option 2 limited liability partnership

<u>Explanation:</u>

Limited Liability partnership (LLP) is a hybrid between a corporation and partnership firm. LLP has more than one partner and some partners liabilities are limited as well as protected from other partner's liability. They also do not pay income taxes. The profits and deductions of the company are taken by the partners individually.

The LLP should have minimum two partners and maximum is not a limit. If there is any financial loss for the business it need not be borne by the partners.

7 0
3 years ago
__________ is made of materials that are poor conductors, such as glass, plastic, or rubber. They are used in an attempt to keep
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The first line is Insulation and the second empty line is acted as an insulation 
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