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3 years ago

What are the key elements in undue influence

Business

1 answer:

astra-53 [7]3 years ago

5 0

<u>Explanation:</u>

The key elements of undue influence are as follows:

The parties to the contract should have relationship based on trust, confidence or authority. One person takes advantage of another person with authority.

To enter into the agreement the stronger party influences the other party by using force, domination or unfair persuasion.

When there is undue influence then there is no genuine assent of the party to the agreement.

The party to the agreement does not have adequate knowledge about the consequences of the agreement.

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Lok Co. reports net sales of $4,970,000 for Year 2 and $8,532,000 for Year 3. End-of-year balances for total assets are Year 1,

Mumz [18]

Answer:Assets turnover ratio Year 2 =2.87 times

Assets turnover ratio for Year 3 = 4.58times

Explanation:

The total assets turnover is calculated as = Net Sales / Average total assets

also,

Average total assets = (Beginning assets + Ending Assets) / 2

Average total assets for Year 2 = ($1,684,000 +$1,780,000)/ 2 =$1,732,000

Average total assets for Year 3 = ($1,780,000 + $1,949,000 )/2 =$1,864,500

Assets turnover ratio Year 2 =$4,970,000 / $1,732,000 = 2.87 times

Assets turnover ratio for Year 3 = $8,532,000 / $1,864,500 = 4.58times

6 0

3 years ago

Read 2 more answers

Given the following information, determine the cost of goods manufactured and the cost of goods sold for the year ended December

natulia [17]

Answer:

$731,000 and $684,000

Explanation:

The computations are shown below:

For cost of goods manufactured

= Direct materials used + Direct labor cost + Manufacturing overhead incurred + opening work-in-process inventory - closing work-in-process inventory

= $271,000 + $126,000 + $359,000 + $193,000 - $218,000

= $731,000

For cost of goods sold

= Opening finished goods Inventory + Cost of goods manufactured - Ending finished goods Inventory

= $395,000 + $731,000 - $442,000

= $684,000

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3 years ago

How will you close skill gaps between what you feel you possess and what employers perceive you have? Multiple Choice be motivat

Mazyrski [523]

<h2>Be motivated to learn</h2>

Explanation:

be motivated to learn : This would be right choice. The reason is that, the gap is because we need to learn some more to reach the expectation of employer. So learning should be life long.

share diverse experiences: Sharing experience does not fill the gap, only proving fills it.

have a high level of energy and an orientation toward action: This seems to be closer, but learning stands first and then putting into action.

believe in personal control of destiny: Self-belief is always essential, but only learning can fill the gap.

seek high levels of achievement: High level of achievement can be done only through learning.

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3 years ago

Is the extent to which a good or service is perceived by its customer to meet his or

Bingel [31]

Answer:

credit

Explanation:

an agreement between a buyer and the seller that payment for product or service will be received at some later due date

8 0

3 years ago

What is operating a vocation? explain with example.

SVEN [57.7K]

I'm not really sure about that tho

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3 years ago