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saw5 [17]
3 years ago
10

Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the pr

incipal must be in writing even if negotiated by an agent?
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer: The rule that requires that a contract should be written is Equal dignity rule

Explanation:

Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.

It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .

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Describe what fixed costs and marginal costs mean to a company. Choose the correct answer below. A. The number of units at which
steposvetlana [31]

Answer:

B) Fixed cost is the constant for a particular product and does not change as more items are made. Marginal cost is the rate of change of cost​ C(x) at the level of production x and is equal to the slope of the cost function at x.

Explanation:

Fixed costs do not change when the quantity of goods or services produced changes, that is why they are fixed (they do not move).

While marginal costs are the costs associated to producing one extra unit of output. They change as the total output changes.

Profit maximizing firms should increase their output level until the marginal cost equals the marginal revenue (revenue generated by selling one additional unit of output).

6 0
4 years ago
An investment of $82,000 was made by a business club. The investment was split into three parts and lasted for one year. The fir
Vesna [10]

Answer:

a 54,000 dolllars

b 18,000 dollars

c 10,000 dollars

Explanation:

<u><em>From the given we can conclude:</em></u>

all investment equal 82,000 thus:

82,000= a + b + c

then:

interest of a equal 4 times interest of b:

a x 0.08 = 4 x b x 0.06

a =  (0.24/0.08)b = 3b

<u><em>and that total interest:</em></u>

a x 0.08 + b x 0.06 + c x 0.09 = 6,300

4 x b x 0.06 + b x 0.06 + c x 0.09 = 6,300

5bx0.06 + 0.09c = 6,300

c = (6,300 - 0.3b)/0.09

<em><u>we now replace a and c as expressions of b:</u></em>

82,000 = 3b + b + c = 4b + c

82,000 = 4b + (6,300 - 0.3b)/0.09

82,000 = 4b + 70,000 - 3,33b

12,000 = (2/3)b

b = 18,000

<em><u>now we solve for a and c:</u></em>

a = 3b = 3 x 18,000 = 54,000

interest of b:

18,000 x 0.06 = 1,080

interest of a:

54,000 x 0.08 = 4.320‬

4,320/1,080 = 4 we pass the interest relathionship requirement

82,000 - 54,000 - 18,000 = c

c= 10,000

10,000 x 0.09 = 900

1,080 + 4,320 + 900 = 6,300 we also fullfil the total interst requirement

4 0
4 years ago
Suppose that Bob places a value of $10 on a movie ticket and that Lisa places a value of $7 on a movie ticket. In addition, supp
Alex_Xolod [135]

Answer:

$1

Explanation:

We can use the simple consumer surplus formula:

Consumer surplus = Maximum Price Willing to Pay - Actual Price

For Bob

Consumer Surplus = $10 - $8

                              = $2

For Lisa

Consumer Surplus = $7-8

                               = $-1

So, the total consumer surplus is $1

7 0
4 years ago
Select the correct answer from each drop-down menu,
Alik [6]

Answer:

C) property

A) direct tax

Explanation:

5 0
3 years ago
Halo Beverages has two divisions, North and South, which share the common costs of the company's computer support. The total cos
nevsk [136]

Answer: $1,870,000

Explanation:

Total cost of computer support = $4,000,000

North division = 3800 calls per year

North division = 18,200 hours network time

South division = 4200 calls per year

South division = 21,800 hours network time

Total amount allocated on basis of number of calls = $2,500,000

Tot allocated on basis of network time =

$4,000,000 - $2,500,000 = $1,500,000

Total amount allocated to North division =

[(2,500,000/(3800+4200)) × 3800] + [(1,500,000 / (18,200+21,800)) × 18,200]

(312.5 × 3800) + (37.5 × 18200)

$1,187,500 + $682500 = $1,870,000

$1,870,000

4 0
4 years ago
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