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kumpel [21]
3 years ago
9

Business Law - Case: Contract Law

Business
1 answer:
Brilliant_brown [7]3 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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A production system in which there is little or no delay time and idle-in process and finished goods inventory is called a______
AveGali [126]

Answer:

Just in time inventory system

Explanation:

Just in time inventory system is on that ensures that the amount of a product needed is available to the consumer and no more is stockpiled.

For this inventory style to be successful the business will need to forecast accurately the demand of customers.

Just in time inventory system is aimed at increasing efficiency and reducing cost such as storage cost.

There is little or no delay time and idle-in process and finished goods inventory

8 0
3 years ago
Read 2 more answers
Andrea's Kitchen is a catering business that operates by means of its own website. Customers order party platters, pastries, and
valkas [14]

Answer:

D) Direct Channel

Explanation:

Distribution, also called place is one of the four Ps of marketing. Distribution is the process of delivering goods or services from the manufacturer to the consumers. In distribution, there are two ways of delivering goods or services to the target market. The first one is known as the Direct distribution while the other is the Indirect distribution. Direct distribution is a situation where goods or services are delivered to the target market without any help from middlemen. That is, straight from the manufacturers to the consumer. This is also known as Zero distribution. This way of distribution lowers cost because it is direct from the manufacturer to the consumer.

 The other way of distribution is the Indirect distribution. Indirect distribution happens when goods or services are delivered to the target market with the help of middlemen. The middlemen mentioned here, refer to the agents, brokers, wholesalers and retailers.

  Andrea's Kitchen Catering Services offers the way of direct distribution because they do not make use of middlemen in order to deliver goods to their customers. The food leaves their kitchen(place of production) and straight to the consumer's abode. One major advantage of this way of distribution is the easy access and quality communication between the manufacturer and the consumers.

7 0
3 years ago
Monica was hired by the Misty Mount Corporation to take over as the new chief executive officer. Her initial impression is that
Svet_ta [14]

Answer:

A Mission and Vision Statement for Misty Mount Corporation.

Explanation:

A Mission & Vision statement is vital for any corporation.

The mission statement defines the fundamental purpose of the corporation and provides a coherent guide for the decision making process.

The vision statement ensures that the decisions that are made are in sync with what the corporation wants to achieve.  

5 0
3 years ago
Read 2 more answers
Professional standards are achieved through _____________.
zvonat [6]

Answer:

The correct answer is Habitual Practice

Explanation:

7 0
2 years ago
g Jana just found out that she is going to receive an​ end-of-year bonus of ​$32,200. She is in the 35 percent marginal tax brac
maria [59]

Answer:

Jana just found out that she is going to receive an​ end-of-year bonus of ​$32,200. She is in the 35 percent marginal tax bracket. Calculate her income tax on this bonus.

  • tax liability = $32,200 x 35%  = $11,270

Now assume that instead of receiving a​ bonus, Jana receives the ​$32,200 as a​ long-term capital gain. What will be her​ tax?

  • tax liability = $32,200 x 15% = $4,830

Which form of compensation offers Jana the best​ after-tax return?

  • if the bonus is taxed as a long term capital gain, she will páy less than half the taxes, so it is the best option for her

Would your calculation be different if the gain was​ short-term rather than​ long-term?

  • Short term capital gains are taxed at the same rate as ordinary income, so the difference between the bonus being a long vs short term capital gain is very significant to Jana.

8 0
3 years ago
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