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3 years ago

Describe a real or made up example of a contract that includes consideration

Business

1 answer:

ANEK [815]3 years ago

6 0

Answer:

It is important that all contracts include consideration in order for any agreement to be legally binding.

The example of a contract of this type is:

Renting a place to use for your sales business. You rent the place for a certain period of time (Let's say one year) and for a settled amount of money. In form of a lease, is stated and stipulated what that amount of money includes (let's say just the place) and what it doesn't include (energy and water bill) as well as the rules for using and living in the place.

This contract applies for both parts once consideration is provided by accepting the terms of conditions and the value agreed.

Explanation:

But this is not my answer I have to give credit to Brainly user keylacordoba.

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A physician unfairly bills a patient. What tort violation is this?

AnnyKZ [126]

Answer:

The physician would be doing Malpractice.

4 0

4 years ago

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Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Account

Minchanka [31]

Answer and Explanation:

The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;

For Accounts receivable

a) Opening balance $200,000 Debit balance

b) Current year credit sales (75% of $800,000) $600,000 Debit balance

c) (-) Current collection from accounts receivables -$450,000 Credit balance

d) (-) Bad debt expenses -$11,000 Credit balance

e) Closing balance of accounts receivables $339,000 Debit balance

for Allowance for Doubtful Accounts

Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance

(-) Opening balance $1,000 Credit balance

$11,000 Credit balance

The journal entry is

Bad debt expense a/c …Dr 11000

To Allowance for Doubtful Accounts 11000

The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance

For Bad debt expenses

The journal entry is

Bad debt expense a/c …Dr 11000

To Allowance for Doubtful Accounts 11000

The Closing balance of Bad debt expense account 0

7 0

3 years ago

Green design, sustainable packaging, waste management, and energy efficiency are aspects of the _________

Nastasia [14]

Green design, sustainable packaging, waste management, and energy efficiency are aspects of the technological segment of the general environment.

<h3>What is technological segment of the general environment?</h3>

The practice of creating physical items, the built environment, and services in accordance with ecological sustainability principles is known as "green design."

The creation and use of packaging that improves sustainability is referred to as sustainable packing. This entails a greater reliance on life cycle assessment (LCA) and life cycle inventory (LCI) to assist direct the use of packaging that has a smaller negative impact on the environment.

These elements are a part of the physical segment of the general environment that businesses have sought to address with environmental sustainability initiatives, along with energy efficiency (using alternative energy sources like solar, avoiding the use of oil to produce energy, and reducing the air footprint).

The technological area is focused on enhancing the goods and services offered by science. The rate at which new products are developed, the level of automation, and improvements in service industry delivery are a few examples of pertinent variables

The diversity of external elements that have an impact on an organization's performance and operation is known as the general environment, or macro-environment. These outside factors can decide whether a company encounters market opportunities or failures.

Hence, Green design, sustainable packaging, waste management, and energy efficiency are aspects of the technological segment of the general environment.

To learn more about General environment refer to:

brainly.com/question/14511315

#SPJ4

5 0

2 years ago

At meetings of the quality team, Juan is nervous about suggesting ideas

SpyIntel [72]

Answer:

The correct option is;

D. Prepare by studying problems ahead of the meeting and listening carefully

Explanation:

Positive workplace behaviors in the meetings include preparation for the meeting to make the meeting productive for you and the other participants by ensuring;

1) Understanding the purpose of the meeting

2) Find out about the meeting agenda

3) To prepare for meetings

4) Make adequate preparation for the meeting

5) Know other attendees

6) Acquire and send out relevant information

It is important to study the problems ahead of the meeting and listen carefully to avoid being the one to ask others what the meeting was for when you join the meeting

Ensure the purpose for being at the meeting is clear and the meeting agenda is well known as well as what knowledge is expected and what is to be discussed.

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3 years ago

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Administrative and political decision-making procedures and intuition have been associated with high performance in unstable env

irina [24]

It is true that the administrative and political decision making procedures and intuition have been associated with high performance in unstable environment where decision must be rapidly taken.

<u>Explanation:</u>

In the cases of unstable environment in the businesses, certain decisions need to be take in a quick manner which might result in the changing in the business procedures. This has a direct effect on the stabilizing the environment of the business.

These decisions might be administrative in nature where the best alternative for the business procedure will be selected or political in nature where policies are changed to stabilize the environment.

8 0

3 years ago