1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotykmax [81]
3 years ago
8

Jim agrees orally with West Bank to guarantee a loan that West Bank will make to Susan to purchase an existing restaurant upon S

usan's agreement to pay Jim 10% of the gross revenues for two years. All parties orally agree. Jim's guaranty agreement with West Bank is unenforceable under the Statute of Frauds.A. Trueb. False
Business
1 answer:
andrew-mc [135]3 years ago
5 0

Answer: false

Explanation:

The statute of frauds requires some specific contracts types to be executed in writing. According to the statute, the contracts covered include agreements that involve goods worth over $500,

contracts for land sale, and also contracts that last for either one year or more.

Based on the scenario above, it is false as Jim's guaranty agreement with West Bank is enforceable under the Statute of Frauds

You might be interested in
General-purpose financial statements are the product of:____.
Neko [114]

General-purpose financial statements are the product of: <u>both financial and managerial accounting.</u>

<u />

<h3>What is the definition of general purpose financial statements?</h3>

The general definition of financial statements is to provide information about the effects of operations, financial position, and cash flows of an organization. This information is employed by the readers of financial statements to make judgments regarding the allocation of resources.

<h3>What are the three general objective financial statements?</h3>

The balance sheet, income statement, and cash flow information each offer unique pieces with information that is all connected. Together the three statements give a comprehensive portrait of the company's working activities.

To learn more about financial position, refer

brainly.com/question/28343240

#SPJ4

5 0
1 year ago
A group of political leaders believe that businesses should switch to using renewable energy. A factory owner argues that his bu
Mamont248 [21]

Answer:

Limited role of government

Explanation:

Apex- Econ

5 0
3 years ago
Problem 11-11 Calculating Operating Leverage [LO4] At an output level of 62,000 units, you calculate that the degree of operatin
Mandarinka [93]

Answer:

Percentage change in sales = [(Ending value - Beginning value) / Beginning value] * 100

Percentage change in sales = [($67,000 - $62,000) / $62,000] * 100

Percentage change in sales = 0.080645

Percentage change in sales = 8.0645%

Percentage change in OCF = Percentage change in sales * Degree of operating leverage

Percentage change in OCF = 8.0645% * 3.7

Percentage change in OCF = 29.84%

Will the new level of operating leverage be higher or lower?

As the sales increase, contribution margin will remain constant but operating margin percentage will rise. Therefore, this leads to fall in operating leverage.

3 0
3 years ago
Which of the following statements concerning ideal standards is incorrect?
lbvjy [14]

Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

8 0
3 years ago
Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being
kramer

Answer:

A. Is in violation of the bankruptcy code.

7 0
3 years ago
Other questions:
  • You work for Amazon and you are charged with building consumer awareness for the latest version of the firm’s Kindle reader. Wha
    7·1 answer
  • The department chair had allotted plenty of time for all department (and project) members to prepare sections of their five-year
    12·1 answer
  • Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 198
    13·1 answer
  • Over the years, O'Brien Corporation's stockholders have provided $20,000,000 of capital, when they purchased new issues of stock
    12·1 answer
  • Which of the following investment plans best reflects diversification? Ben has an investment portfolio with numerous stocks and
    7·1 answer
  • The maintenance expense (paid at the end of the year) on a machine, with 6 years of useful life, is expected to be (in constant
    6·1 answer
  • Shandra Corporation (a U.S.-based company) expects to order goods from a foreign supplier at a price of 131,000 pounds, with del
    12·1 answer
  • Coronado, Inc. has 3500 shares of 4%, $50 par value, cumulative preferred stock and 70000 shares of $1 par value common stock ou
    6·1 answer
  • Sustainability of an advantage is the ability of a firm to protect its competitive advantage. truw or flase
    14·1 answer
  • A chemical bond resulting from the sharing of electrons between two elements with very similar electronegativity are indicative
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!