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kumpel [21]
4 years ago
9

Business Law - Case: Contract Law

Business
1 answer:
Brilliant_brown [7]4 years ago
3 0

Answer:

The issue is whether Joe is liable to pay for Bob to Avarice Bank or not.

Joe should prevail.

Explanation:

The original contract is between bank and Bob and in that contract Joe is not involved. Secondly payment on someone' behalf always has to be a written contract.

According to UCC, suretyships have to be written for them to be enforceable. This is mentioned in Statute of Frauds. It clearly states that any gurantee by thrid party for payment of debts has to be in writing.

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What are the consequences of traditional law of production
earnstyle [38]

The traditional economies' law of production depends only on agriculture, fishing, hunting, gathering or some combination of the above mentioned. They only use barter instead of money. Meanwhile, there are consequences of the traditional law of production because they are vulnerable to change in nature especially the weather. For this reason, traditional economies limit population growth. When the harvest or hunting is poor, people will definitely get starve. Those societies often consume the natural resources they will depend on or wage war

5 0
3 years ago
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
4 years ago
Which of these groups of workers is not a part of Handy's Shamrock organization?
kolezko [41]

Answer:

#1 Outsourced workers

Explanation:

Outsourced workers are not employees of Handy's Shamrock organization. They are workers who have been contracted by Handy Shamrock to carry out specific functions.

In most cases, outsources workers are employed by a company that specializes in certain tasks. For example, Handy Shamrock may need cleaning workers. Instead of hiring cleaners, they may contract a cleaning company to do the job for them.  The cleaning company workers that will be cleaning at Handy Shamrock will be outsourced workers.

4 0
3 years ago
Kylie bought a 7-year, 5,000 par value bond with an annual coupon rate of 7.6% paid semi-annually. She bought the bond with no p
IRISSAK [1]

Incomplete question. The options read:

a. 5.16

b. 5.35

c. 5.56

d. 5.77

e.  5.99

Answer:

<u>b. 5.35</u>

Explanation:

Remember, we use the Macaulay duration to determine the weighted average time before any bondholder would start to receive their expected bond's cash flows.

Hence, using the formula attached below, we could find the Macaulay duration for this scenario.  In the above formula, where:

C= the periodic coupon payment

y= the periodic yield

M= the bond’s maturity value

n= duration of bond in periods.

However, another way to get a solution is to employ an advanced calculator.

​

8 0
3 years ago
What is NOT a type of statistical analysis approach for data analysis?
Lana71 [14]

Answer:

co-relationship

Explanation:

co-relationship  is not a type of statistical analysis approach for data analysis.

Types of statistical analysis approach for data analysis include;

Regression Analysis

Causal Analysis

Exploratory Analysis

In statistics we have correlation, which measures the degree of association between two quantitative variables.

5 0
3 years ago
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