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andrew-mc [135]
3 years ago
13

In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed

contract), the minor may ________ the contract
Business
1 answer:
Jlenok [28]3 years ago
8 0

Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

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There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the pr
yulyashka [42]

Answer:

a)  0.0358

b)  0.0395

c)  0.1506

Explanation:

Number of clues "daily doubles" = 3

Determine the probabilities

<u>a) P(single contestant finds all three ) </u>

assuming event A= a returning champion gets the "daily double" in first trial

P(A) = 1/30 , P(~A) = 29/30              

assuming event B = any player picks up "daily double" after the first move

P(B |~A ) = 1/3

hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90

<em>considering second round </em>

P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9

∴ P(single contestant finds all three )  = 29/90 * 1/9 = 0.0358

<u>B) P ( returning champion gets all three ) </u>

= (1/30 + 29/90 )* 1/9

= 32 / 810 = 0.0395

<u>c) P ( each player selects only one )</u>

P = 32/405 + 29/405

  = 61 / 405 = 0.1506

7 0
2 years ago
NCD Company wants to expand into the LatinX market. It has the financial resources, wants to control business operations, and ha
AlladinOne [14]

Answer:

Direct Investment

Explanation:

Direct investment is a technique of expanding into the foreign market in which an investor puts money into a business operating in another country designed in such a way to acquire controlling interest in the enterprise been invested in. It is a method used in controlling the interest of a business organization in another country different from yours. In direct investment, emphasis is laid on an organization from one country investing in another organization in a different country. Since NCD has financial resources and wants controlling interest in his expansion, direct investment is the way to go.

4 0
3 years ago
An investor makes three deposits into a fund, at the end of 1, 3, and 5 years. The amount of the deposit at time t is 100(1.025)
bulgar [2K]

Answer:

The size of the fund at the end of 7 years is $483.110

Explanation:

Number of quarters = 4

We are given that the nominal rate of discount convertible quarterly is 4/41

Discount rate in each quarter =\frac{\frac{4}{41}}{4} = \frac{1}{41}.

Let A is the value after discount and X is the original value:

A = X - X(\frac{1}{41}) \\A=X(1 - \frac{1}{41}) \\A=\frac{40}{41}X\\X = \frac{41}{40}A

Now To calculate the value after 7 years we need to multiply each value by the interest raised to the correct power.

A=100 \times 1.025^1 \times \frac{41}{40}^{(7-1) \times 4}+100 \times 1.025^3 \times \frac{41}{40}^{(7-3) \times 4}+100 \times 1.025^5 \times \frac{41}{40}^{(7-5) \times 4}

A=483.110

Hence  the size of the fund at the end of 7 years is $483.110

3 0
2 years ago
Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits o
kogti [31]

Answer:

Explanation:

Oscars Red Carpet Store

Bank reconciliation Statement

Balance as Per Bank Statement  $11,770

<u />

<u>Add back Un-credited checks/deposits</u>

Cash receipts for 26 - 28 Feb $1,500

NSF check $450

Total $1,950

<u />

<u>deduct uncleared check</u>

#325  $450

#327   $1,800

Total $2,250

<u />

<u>Add withdrawals in Bank not in cash ledger</u>

#323 - understated value in cash ledger ($2,800 - $2,400) $400

Automatic withdrawal - rent $1,300

Service Fee (Academy Bank) $120

Total $1,820

<u>Deduct items in Bank not in Cash ledger</u>

Interest earned $190

Titanic Fabrics repayment $5,950

Total $6,140

Adjusted Bank Balance (in line with Cash balance) $7,150

4 0
3 years ago
When making a decision, you decide that the expected benefits of your choice outweigh the expected benefits of all other options
lakkis [162]

Answer:

The right solution will be "trade-offs".

Explanation:

  • An exploration of trade-offs is a way of choosing between opposing alternatives.
  • Even though unofficial market experiments are often conducted essentially by logically evaluating options and making an informed decision, systematic trade experiments become beneficial in refining and reasserting opinions as well as eliminating prejudice from the course of action.
3 0
2 years ago
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