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vazorg [7]
3 years ago
11

Joe pays Ann to mow his lawn, but Ann mows Donna's lawn by mistake. Donna peeps out her window and sees Ann mowing, yet says not

hing to Ann about her mistake as Donna needs to have her lawn mowed. When Ann approaches Donna for payment, Donna refuses, arguing that she had never asked Ann to mow her lawn. Under these circumstances, Ann can recover payment from Donna under: void contract. quasi contract. executory contract. express contract.
Business
1 answer:
sladkih [1.3K]3 years ago
4 0

Answer:

Quasi contract

Explanation:

A Quasi contract refers to an agreement between two parties who owed no past obligation to one another. It is a kind of a fictional contract which the law recognizes.

The characteristic feature of a quasi contract is that obligation is not created by any of the parties but by law. Such a contract does not exist out of agreement but by the operation of the law.

The objective behind imposition of such a contract by the law is to ensure fairness and justness to a party.

In the given case, Ann out of mistake, mowed Donna's lawn. Ann acted in good faith as she wasn't aware at the time of performing her duty but Donna was fully aware and let the act of mowing done to her own advantage. Later when Ann realized and asked for payment, Donna refused.

In this case, the party who acted in good faith would be at a loss if the law does not intervene and impose a contractual obligation on Donna to pay Ann for her work. The contract imposed by law in such a case under which Ann would recover her payment would be termed as a Quasi Contract.

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Delaware Corp. prepared a master budget that included $18,225 for direct materials, $28,800 for direct labor, $15,400 for variab
Brut [27]

Answer:

$19,440

Explanation:

The computation of the direct material cost is shown below:

But before that first we have to determine the per unit which is given below

= Total direct material cost ÷ planned selling units

= $18,225 ÷ 4,050 units

= $4.5

And, the actually selling units is 4,320 units

So, the direct material cost is

= Per unit cost × actually selling units

= $4.5 × 4,320 units

= $19,440

We simply multiplied the per unit with the actually selling units so that the direct material cost could come

6 0
3 years ago
Where do temporary account balances go at the end of an accounting period?
Andreyy89

Answer:

Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.

Explanation:

8 0
3 years ago
A firm is considering the purchase of an asset whose risk is greater than the current risk of the firm, based on any method for
Anika [276]

Answer:

e) Increase the required rate of return used to evaluate the project to reflect the higher risk of the project

Explanation:

As per the basic concept of investment, "higher the risk, higher the return".

Thus, an investor assumes a higher risk only in the scenario wherein the expected return would be commensurate with such risk. Investor would only invest in a risky asset when the return derived can compensate him for the excess risk assumed.

Required rate of return is an investors expectation of return from a project also referred to as the cost of capital.

So for the purpose of evaluating the project, the investor should use a higher required rate of return to signify higher risk which would reveal the true viability of the project.

8 0
3 years ago
Using information to design a marketing strategy to acquire/retain clientele is known as:_____.A) Behavioral targetingB) Custome
DedPeter [7]

Answer:

Customer relationship management

Explanation:

Customer relationship management is a strategy used in most organisation    in which official make plan to retain their customers. They analyse the data about the customer, their professional history, their gross profit, nature of business etc. These all process help to boost the growth of company to the next level.

7 0
3 years ago
State tax officials, having had considerable success in persuading delinquent individuals to pay their back taxes through the in
Akimi4 [234]

Answer:

B) stiff fines are not the only way to collect past due corporate taxes

Explanation:

Collecting taxes is not an easy or inexpensive job. The IRS spends billions of dollars in order to collect taxes and the same applies to state taxing entities (at a smaller proportion).

So if state tax official can find a way to collect past due taxes then it should always be a good idea. Everyone loves a discount and corporations probably love discounts more. If the reduction or elimination of fines will make corporations pay their state taxes, then it's a great idea.

It's always better to collect $100 in taxes than to have $200 in past due taxes that aren't collected.

7 0
3 years ago
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