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Vera_Pavlovna [14]
3 years ago
12

Sven goes to a bar, drinks eight shots of bourbon, and then goes to an electronics store, where he buys a large flat-screen TV f

or $2,500. If he later wants to void the contract based on his intoxication when he bought it, he will need to prove that:
Business
1 answer:
Lelu [443]3 years ago
8 0

Answer:

The correct answer is:  he lacked the mental capacity to enter into the contract.

Explanation:

A person may ratify a contract that he or she established while intoxicated after becoming sober, and therefore become fully responsible for it. Though, if that person wants to reject the contract, proof of mental lack of capacity must be provided to dissolve the contract and any responsibility inherent.

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Suppose you just bought a 25-year annuity of $8,200 per year at the current interest rate of 12 percent per year. What is the va
zhannawk [14.2K]

Answer:

64,313.74 ; 95,559.38 ; 47,283.11

Explanation:

by definition the present value of an annuity is given by:

a_{n} =P*\frac{1-(1+i)^{-n} }{i}

where a_{n} is the present value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

1. P=8,200, n=25, i=12%

a_{n} =8,200*\frac{1-(1+12\%)^{-25}}{12\%}

a_{n} =64,313.74

2. P=8,200, n=25, i=7%

a_{n} =8,200*\frac{1-(1+7\%)^{-25} }{7\%}

a_{n} =95,559.38

3. P=8,200, n=25, i=17%

a_{n} =8,200*\frac{1-(1+17\%)^{-25} }{17\%}

a_{n} =47,283.11

6 0
3 years ago
Diggity Dank Corporation uses an activity-based costing system with two activity cost pools. Diggity Dank uses direct labor hour
tester [92]

Answer:

it is c I guessed that I hope its right

8 0
3 years ago
The inventory data for an item for November are:a. Nov. 1: Inventory 20 units at $19b. Nov. 10: Purchased 30 units at $20c. Nov.
Zigmanuir [339]

Answer:

the cost of the merchandise sold for November if the company uses LIFO is c. $590

Explanation:

LIFO Inventory System sells the Inventory recently acquired first followed by the Older Inventory Acquired.

<u>Cost of the merchandise sold for November - Calculation</u>

November 4 : 10 units × $19    =$190

November 17 : 20 units × $20 =$400

Total                                          =$590

4 0
2 years ago
Read 2 more answers
Which company sold for the highest cash equivalent value?
Anika [276]

Answer:

Company B (transaction d)

Explanation:

present value of transaction a (company D) = $1,100,000 / 1.08 = $1,018,519

present value of transaction b (company C) = $45,000 x 21.21211 (PV annuity factor, 2.4%, 30 periods) = $954,545

present value of transaction c (company A) = $1,000,000

present value of transaction d (company B)  = $100,000 x 10.52141 (PV annuity factor, 4.8%, 150 periods) = $1,052,141

6 0
3 years ago
Which of the following is one of the three standard sections of a governmental comprehensive annual financial report?
HACTEHA [7]

Answer:

a) Statistical.

Explanation:

The three standard sections of  a governmental comprehensive annual financial report are:

  1. Introductory
  2. Financial: includes financial statements and notes
  3. Statistical: include statistical data about relevant financial information and trends, and how they relate to government activities
7 0
2 years ago
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