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deff fn [24]
3 years ago
14

Macro Marketing, Inc., and National Food Corporation (NFC) discuss the terms of a contract. Macro then faxes NFC a memo on Macro

's letterhead that summarizes the items on which they agreed, including a two-year term. Macro begins to perform, but NFC refuses to pay. Macro files a suit to collect. NFC claims that there is no contract. The transaction between Macro and NFC falls within the:_______
Business
1 answer:
BlackZzzverrR [31]3 years ago
5 0

Answer: Statute of Frauds

Explanation:

The statute of frauds is a legal concept whereby it is required that certain forms of contracts have to be executed in writing. In this case, when there is a breach of the contract by one of the parties that are involved, then a the defendant can raise the statute of fraud as a defense.

In the question, we are told that Macro Marketing, Inc., and National Food Corporation (NFC) discuss the terms of a contract. Macro then faxes NFC a memo on Macro's letterhead that summarizes the items on which they agreed, including a two-year term. Then, Macro begins to perform, but NFC refuses to pay. Macro then files a suit to collect but NFC claims that there is no contract. It should be noted that the transaction between Macro and NFC falls within the statute of fraud

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g The long-run effect of an increase in household consumption is to raise a. both real output and the price level. b. real outpu
satela [25.4K]

Answer:

D). The price level and leave real output unchanged.

Explanation:

The long-run impact of an increase in household consumption is to elevate 'the price-level and leave real output unchanged.' The increased consumption would lead to a rise in demand which will correspond to an increase in out and decrease in unemployment.

As per the long-run self-adjustment mechanism, this shock in the economy will lead to inflation while the increase in Aggregate demand would correspond to an increase in prices and GDP. The inflation would increase the labor charges and therefore, the firms would produce less and it keeps falling until the full employment output is achieved. Thus, the long-run effect would be that GDP returns to its previous state(unchanged) while the prices are still higher. Hence, <u>option D</u> is the correct answer.

6 0
4 years ago
A portfolio consists of 265 shares of Stock C that sells for $50 and 230 shares of Stock D that sells for $25. What is the portf
kakasveta [241]

Answer:Weight of Stock C=0.6974----- E

Explanation:

The Value of a stock  is given as  No. of Shares x Share Price

Therefore

Value of C = No. of Shares OF C x Share Price of Stock C= 265 x $50= $13,250

Value of D = No. of Shares of D x Share Price of Stock D= 230 x $25 = $5,750

Total value  of Portfolio= Value of C + Value of D = $13,250  +$5,750  =$19,000

Also,

Weight of stock = value of stock/Total value

Therefore

Weight of Stock C = Value of C / Total Portfolio Value =

$13,250 / $19,000=0.69736 = 0.6974

6 0
3 years ago
What had to develop in a society before sports and entertainment marketing made sense as a business?
ira [324]

Answer:

2. More people needed to have discretionary income.

Explanation:

Discretionary income is a form of income that an individual has or remains with after paying for the necessary expenses such as tax, utility bills, rents, foodstuffs, etc.

Hence, "More people needed to have discretionary income" in a society before sports and entertainment marketing made sense as a business.

The reason is simple; it is after people had satisfied the necessary expenses that's when they can pay for entertainment under normal circumstance

8 0
3 years ago
An auditor noted that the accounts receivable department is separate from other accounting activities. Credit is approved by a s
Rus_ich [418]

Answer: Option (A) is correct

Write-off  refers to accounting term that curtails the amount of an asset while synchronously soliciting liabilities. It is principally utilized in its literal term by organizations seeking to rationalize unpaid loan obligations,receivables, or losses.  Delinquent account refers to a credit account, where a individual has be found lacking  to make at least the minimum monthly payment.

<em>Therefore, Write-offs of delinquent accounts could be viewed as the internal control deficiency of the given organization.</em>

4 0
3 years ago
The items in a budget that can be estimated most accurately and easily are
Flauer [41]

fixed expenses ........... it makes sense          

4 0
3 years ago
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