1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NISA [10]
3 years ago
7

The Next Monet, Inc., operated art schools. At one of its classes, John Picasso (no relation to the great artist) was praised by

an instructor for his potential as "the next Monet." The instructor then sold John twenty half-hour art lessons for $20.00 each. Over the next three years, the instructor continued to praise John’s artistic potential, and John bought 4,000 hours of art lessons during that period. When John realized that he still couldn’t paint a bowl of fruit, he sued The Next Monet alleging fraudulent misrepresentation. Based on the decision in Vokes v. Arthur MurrayLinks to an external site., Inc., the court in this case would most likely rule in favor of:__________.
a. The Next Monet, because the instructor did not guarantee success.
b. John, because the instructor had superior knowledge of as to whether John had artistic potential.
c. None of the above.
d. The Next Monet, because the instructor’s opinion cannot be challenged by a court that knows little about art.
Business
1 answer:
Schach [20]3 years ago
7 0

Answer:

Option B                            

Explanation:

In simple words, The given case is related to the conclusion made by the court in the famous case of  Vokes versus Arthur MurrayLinks, in which the jury in the court rules that,  a determination of a party carrying better information about a subject matter may be treated as a matter of fact even though it would be treated as an opinion if the parties were speaking for deal  on equal conditions.

You might be interested in
You are a professor of economics at a university.​ you've been offered the position of serving as department​ head, which comes
Oxana [17]

Answer:

$4500

Explanation:

We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.

Opportunity cost = $20/hour x 200 Additional hours

Opportunity cost = $4000

Total change in benefit = Annual salary - Opportunity cost

Total change in benefit  = $8500 - $4000

Total change in benefit  = $4500

6 0
3 years ago
A business action that has been widely adopted within an industry or occupation is known as _____.
strojnjashka [21]
<h2>A business action that has been widely adopted within an industry or occupation is known as Standard Business practice</h2>

Explanation:

Standard business practice tells you how to operate and manage your business.

The operation includes:

Goals, objectives: Mentioning about the goal and objective of the organization and creating process to achieve those.

Sales: Sales are the most important aspect which brings revenue to any kind of industry starting from education industry to MNC industry. Sales can bring business and one of the crucial department for success of the organization.

Back office work: Which needs to work at the background to monitor, to track, develop the operations or process

7 0
3 years ago
You want to be a millionaire when you retire in 40 years.
Sedaia [141]

Answer:

a. FV = $1,000,000

rate = 9.7%

n = 40 periods

FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231

annual savings = $1,000,000 / 407.9960231 = $2,451.00

b. FV = $1,000,000

rate = 9.7%

n = 30 periods

FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295

annual savings = $1,000,000 / 155.4306295 = $6,433.74

FV = $1,000,000

rate = 9.7%

n = 20 periods

FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429

annual savings = $1,000,000 / 55.35978429 = $18,063.65

7 0
2 years ago
Alpha Communication purchased equipment on January 1, 2016, for $18,000. Suppose Alpha Communication sold the equipment for $13,
Blababa [14]

Answer:

Gain:

= Market value of assets received - (Book value of assets disposed off cost - accumulated depreciation)

= $13,000 - ($18,000 - $8,000)

= $13,000 - $10,000

= $3,000

Therefore, the journal entry is as follows:

Cash A/c                                      Dr. $13000

Accumulated depreciation A/c  Dr. $8,000

To equipment                                                 $18000

To gain on sales                                             $3000.

(To record the sale of the equipment)

4 0
3 years ago
In which of the five project management process groups are activities performed that relate to each knowledge area?
Basile [38]
 Initiating, Planning, Executing, Monitoring and Controlling, and Closing are the five groups of the project management process.<span>
Activities performed that relate to each knowledge area are part of the planning group from the project management process. </span><span> Planning involves calculating the budget and schedule for the project, and determines what resources are needed.</span>
6 0
3 years ago
Other questions:
  • Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through. This strategy is c
    8·1 answer
  • Amelia loves to splurge on clothes. However, when she was out shopping the other day, Amelia bought much less than she usually d
    12·1 answer
  • Ida studies the economic landscape of bolivia. her research has led her to believe that bolivia will never develop until it aban
    10·1 answer
  • To: Ellen Stanford From: Thomas Gregory [1] Proposed Agenda for November 6 Meeting Dear Ms. Stanford, [2] Please review the foll
    5·1 answer
  • During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it incre
    9·1 answer
  • Olivia is working on budgeting her time between studying for school, working at a part-time job, and training for a triathlon. W
    13·1 answer
  • Question 13 of 20
    15·1 answer
  • Why do marketers segment their markets and what are the basic criteria for doing so successfully?
    8·1 answer
  • according to one-period model of macroeconomics which of the following statements is correct about an economy engaging in a war
    9·1 answer
  • supply chain management: group of answer choices is based on the concept of just-in-time focuses on removing scheduling bottlene
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!