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OverLord2011 [107]
3 years ago
15

Maybelline falls down a well and is saved when her neighbor Ruben makes a very daring rescue. Ruben hoists her to safety, and Ma

ybelline hugs him and promises him a check for $100,000 for his kindness. Ruben is delighted and when Maybelline visits him the next day and again mentions the $100,000, he tells her that he is going to quit his job as a preschool music teacher and use the money to start a business. Two days later he resigns from the nursery school and calls Maybelline and asks when he can expect his money. He is startled when she replies that she is not going to give him a cent. Will a court enforce Maybelline's promise?
Business
1 answer:
Nady [450]3 years ago
8 0

Answer:

Yes, the court should enforce Maybelline's promise since Ruben relied on it. Maybelline offered Ruben the money not once, but twice, so Ruben had sufficient reasons to believe that she would fulfill her promise. Ruben suffered since she didn't fulfill her promise, so the court should rule in his favor.

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Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int
larisa86 [58]

Answer:

Annual payment = $4,143.66 (Approx)

Explanation:

Given:

P = $1,000,000

r = 12% = 0.12

n = 30

Find:

Annual payment

Computation:

Annual\ payment=P[\frac{(1+r)^n-1}{r} ] \\\\Annual\ payment=1,000,000[\frac{(1+0.12)^{30}-1}{0.12} ] \\\\ Annual\ payment=4143.66

Annual payment = $4,143.66 (Approx)

7 0
3 years ago
L Corporation produces and sells 13,800 units of Product X each month. The selling price of Product X is $20 per unit, and varia
Ray Of Light [21]

Answer:

It will be a financial disadvantage of 52,800

Explanation:

                Continued Discontinued     Differential

Sales             276000               -                 -276,000

Variable       -193,200               -                    193,200

Fixed             -30,000               -                    30,000

Allocate cost -73000      -73000                       -  

Result            - 20,200      -73,000              -52,800

We compare each alternative:

if discontinued only the allocate cost will remain.

but we also loss the contribution of the product sales.

Sales 13,800 x 20

Variable 13,800 x 14

Tracable Fixed total fixed cost - unavoidable fixed cost

                                   103,000 - 73,000 = 30,000

Allocate 73,000

Once we got the number we plug into the table and calcualte the differential income.

8 0
4 years ago
Customers compare brands and plan for the purchase of which products?
UkoKoshka [18]

Answer

Customers compare brands and plan for the purchase of a speciality product.

Explanation

These are those products that have unique characteristic and brand identification where specific customers are willing to make a purchase of the product with personal efforts.These products apply to specif customers who are willing to make an effort during the purchase process.A Ferrari can serve as a good example.

6 0
3 years ago
Read 2 more answers
Lohn Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $6.50. Afterward, the c
postnew [5]

Answer:

Intrinsic Value of the bond $90.69

Explanation:

\left[\begin{array}{ccc}Year&Dividends&Present Value\\1&16&14.2857142857143\\2&12&9.56632653061224\\3&11&7.82958272594752\\4&92.8571428571429&59.0123929947343\\Intrinsic&Value&90.6940165370084\\\end{array}\right]

<u>The dividends value are givens:</u>

<u>Then on year 4 we apply the Dividends growth model</u>

\frac{divends}{return-growth} = Intrinsic \: Value

\frac{6.50 }{0.12-0.05} = Intrinsic \: Value

<u>Next step, we take all the values to present date</u>

\frac{Nominal}{(1+rate)^{time} } = PV

Year 1 /1.12

Year 2 /1.12^2

Year 3 /1.12^3

Year 4 /1.12^4

<u>Final step, we add them to get the intrinsic value of the bond today.</u>

8 0
3 years ago
A small accounting firm is considering the purchase of a computer software package that would reduce the amount of time needed t
nalin [4]

Answer:

3.18 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

where,  

The Initial investment is $1,750

And, the net cash flow for 9 consecutive years is $550

Now put these values to the above formula  

So, the value would equal to

= ($1,750) ÷ ($550)

= 3.18 years

All other information which is given in the question is not relevant. Hence, ignore it

7 0
3 years ago
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