An agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
Answer:
Break-even point in units= 11,000 units
Explanation:
Giving the following information:
Selling price $ 50 per unit
Variable expense $ 30 per unit
Fixed expense $ 180,000
Desired profit= $40,000
<u>To calculate the number of units to be sold, we need to use the break-even point formula:</u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (180,000 + 40,000) / (50 - 30)
Break-even point in units= 11,000 units
An entire industry (all firms producing a particular product) can affect price by changing industry output.
Answer:
The answer is letter D.
Explanation:
The tenant is entitled to make and pay for reasonable necessary alterations.
Because a landlord must permit the tenant to make modifications for disabilities, the tenant pays for the modifications. When the contract expire, the tenant will have to restore the residential unit to the way it was before the modifications.
Answer:
A. 16.71%
Explanation:
Use dividend discount model (DDM) to solve this question.
Formula for finding the required return of a stock is;
r = 
where P0 = Current price = $17.50
D1 = Next year's dividend = $3.45
r= required return = ?
g= growth rate = -3% or -0.03 as a decimal (negative sign is because dividend is expected to decrease)
r = 
As a percentage , it becomes 16.71%
