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Eddi Din [679]
3 years ago
10

Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J

ulius can't afford her boat anyway. Rachel says, "I'd sell my boat to you for $20,000." To Rachel's surprise, Julius responds "Ok, it's a deal." Rachel does not want to sell the boat to Julius for any price. Julius and Rachel have:
a. not formed a valid contract because of lack of definiteness in the contract terms.
b. not formed a valid contract because Rachel did not want to sell the boat for any price.
c. formed a valid contract because Rachel's outward expressions showed the formation of a contract.
d. formed a valid contract because Julius expressed outward interest in the boat.
Business
1 answer:
Fed [463]3 years ago
6 0

Answer:

C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.

Probably the most important part of a contract is the existence of an offer and acceptance. Once a valid offer is accepted, it binds the parties into a valid contract.

In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.

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Joe was tired of working for other people. He had an idea to start his own ice cream business and wanted to set it up where he a
d1i1m1o1n [39]

Answer:

Authority - Responsibility Balance & Incentive Development.

Explanation:

Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.

Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.

For Eg : A manager  given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.

Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.

Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.

8 0
3 years ago
Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives
soldier1979 [14.2K]

"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.

<h3>What is a deed?</h3>

Generally, the deed is simply defined as Legal documents that are signed and delivered, particularly those that deal with property or legal rights.

In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.

Read more about deed

brainly.com/question/17214313

#SPJ1

5 0
2 years ago
L Corporation produces and sells 15,300 units of Product X each month. The selling price of Product X is $23 per unit, and varia
Arlecino [84]

Answer:

<em><u>It would generate a financial disadvantage for 62,800</u></em>

Explanation:

\left[\begin{array}{cccc}-&continued&discontinued&differential\\Sales&351,900&0&-351,900\\Variable&-260,100&0&260,100\\Contribution&91,800&0&-91,800\\Fixed&-103,000&-74,000&29,000\\total&-11,200&-74,000&-62,800\\\end{array}\right]

It would generate a financial disadvantage for 62,800

Because the product, while is having a loss, their contribution cover is enought to cover at least the avoidable fixed cost.

5 0
3 years ago
Which of the following most accurately explains why even if you won $1 million in a lottery, you still would not escape the scar
liubo4ka [24]

Answer:

All Individuals, whether rich or poor,are dissatisfied with their material well-being and would like more.

Explanation:

Individuals wanting more and not being satisfied with their material well being goes back to the fundamental problem of economics-unlimited human wants. Economists argue that human wants are unlimited and insatiable irrespective of their economic class. Whether rich or poor, no man is satisfied with his material well-being. Every man still feel something is lacking after acquiring so much or so little. He still has the scarcity problem.

This never-ending desire is embedded in the physiological make up of a man. When a man gets food, then he wants house. When he gets house, he wants car. When he gets a car, he wants to buy a private jet. In short, the more he gets, the more he wants more.

And that`s is the reason why you would win $1 million and stills not satisfied with having enough. You would still believe you lack something. You would still want to acquire more just to solve this scarcity problem.

Other options do not explain the problem ; they just points at microeconomics and macroeconomics issues.

5 0
3 years ago
Columbia Products produced and sold 1,400 units of the company’s only product in March. You have collected the following infor
s344n2d4d5 [400]

The computation of the following costs by Columbia Products is as follows:

a. Variable manufacturing cost per unit is $64.

b. Full cost per unit is $96, including manufacturing and marketing and administrative costs.

c. The variable cost per unit is $68.

<h3>Data and Calculations:</h3>

Production and sales units in March = 1,400 units

Sales price (per unit) = $129

<h3>Manufacturing costs: </h3>

Fixed overhead (for the month) = $16,800

Direct labor (per unit) =              $7

Direct materials (per unit)          31

Variable overhead (per unit)    26

Variable manufacturing cost $64

The Fixed cost per unit = $12 ($16,800/1,400)

The total manufacturing cost per unit = $76 ($64 + $12)

<h3>Marketing and administrative costs: </h3>

Fixed costs (for the month) = $22,400

Variable costs (per unit)  = $4

Fixed costs per unit =        $16 ($22,400/1,400)

The total marketing and administrative costs per unit = $20 ($4 + $16)

Full cost per unit = $96 ($76 + $20)

Variable cost per unit = $68 ($64 + $4)

Learn more about variable, fixed, and full costs here: brainly.com/question/15684424

4 0
2 years ago
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