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Vinvika [58]
3 years ago
8

Games Galore Corp. hires Haley, a minor, to create new customized game software for certain clients. Haley signs a contract that

requires her to work for Games Galore for eighteen months. Before beginning work, however, Haley tells Games Galore that she will not create new software for Games Galore and that she is going to work for Ideal Worldcraft, Inc., a Games Galore competitor. Is Games Galore's contract with Haley enforceable? Why or why not?
Business
1 answer:
egoroff_w [7]3 years ago
7 0

Explanation:

In the scenario exemplified in the question above, it can be said that because he is a minor, Haley's contract with Games Galore can be canceled.

Therefore, if the case is brought to court, it will likely be determined that Haley will return the valuable work materials provided by Game Galore and any amounts received by Haley that were provided for in the contract.

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Tabitha signed up for a new credit card that offers reward miles for every purchase. Tabitha plans to make as many purchases as
Olegator [25]

Answer:

i think its C

Explanation:

it hard dont trust me please

8 0
3 years ago
The price elasticity of supply :a.is the slope of the supply curve. b.is the percentage change in quantity supplied divided by t
Luba_88 [7]

Answer:

b.is the percentage change in quantity supplied divided by the percentage change in price.

Explanation:

Price elasticity of supply measures the degree of responsiveness of quantity demanded to price. It is a ratio of the percentage change in quantity supplied to percentage change in price.

Elasticity of supply can be elastic meaning an increase in price results in increase in demand.

It can also be inelastic meaning increase in price does not lead to a reasonable increase in supply.

3 0
3 years ago
Gypsy just bought a gift and jewelry store on Main Street. She knows from the previous owner that almost 60 percent of her sales
snow_lady [41]

Answer:

Gypsy will probably use a pulsing advertising schedule for promoting her gift and jewelry store.

Explanation:

Pulsing is a type of advertising schedule which is a mixer of flighting scheduling ( type of scheduling where advertising is done at irregular periods ) and continuous scheduling ( a type of scheduling where advertising is done all year around ). In this type of scheduling, heavy advertising is done during the peak season ( like in this question Christmas holiday season is for Gypsy ) and low advertising is done through the rest of the year. Gypsy's products are being sold through out the yer but there is large surge in the sale during Christmas holiday season.

8 0
3 years ago
Commonwealth Construction (CC) needs $1 million of assets to get started, and it expects to have a basic earning power ratio of
xeze [42]
100%Equity 
<span>---------------------------- </span>
<span>EBIT: $200,000 </span>
<span>Interest: $0 </span>
<span>Taxes: ($80,000) </span>
<span>EAT: $120,000 </span>
<span>Equity: $1,000,000 </span>
<span>ROE12.0% </span>

<span>50% Debt </span>
<span>-------------- </span>
<span>EBIT: $200,000 </span>
<span>Interest: ($40,000) </span>
<span>Taxes: ($64,000) </span>
<span>EAT: $96,000 </span>
<span>Equity: $500,000 </span>
<span>ROE: 19.2% </span>

<span>This is my thought and is contingent on interest expense being tax deductible to the corporation. </span>

<span>Under the equity scenario. Taxes are $80,000 or 40% of $200,000 which is 20% of the $1mm asset base. So the $120,000 earnings after tax divided by the $1mm base is 12% </span>

<span>With 50% leverage, you deduct $40,000 (8% of $500,000 financing) and taxes on remaining amount. The new equity base is smaller at $500,000 so the ROE is higher at 19.2%.</span>
4 0
4 years ago
Melissa is a minor who agrees to purchase a car from Umberto for $10,000 one month after she turns eighteen years of age. On tur
BartSMP [9]

Answer:

enforceable because it has been expressly ratified by Melissa.

Explanation:

A contract is defined as a legally binding agreement between parties, and is enforceable on both parties involved. There is usually an offer and acceptance to make the contract valid and enforceable. It can involve exchange of goods and services, or future promise to exchange goods and services.

In this instance bMelinda agreed with Umberto that she will buy a car from him when she turns 18 years. The condition to the contract was Melinda turning 18 years.

She has ratified this condition so the contract is now enforceable.

7 0
4 years ago
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