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inysia [295]
2 years ago
11

While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return

Bally to?
Business
1 answer:
patriot [66]2 years ago
6 0

Answer:

If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.

In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.

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Spin Cycle Architecture uses three activity pools to apply overhead to its projects. Each activity has a cost driver used to all
shusha [124]

Answer:

The predetermined overhead rate for each activity.

Activities: Initial concept formation  $42,200;

Cost Drivers: Number of project changes

Expected Use of Cost Driver/Activity =  15

Predetermined overhead rate for activity = Overhead/Cost Driver=  42,200/ 15= $2813

Activities: Design $556,000;

Cost Drivers :Square feet

Expected Use of Cost Driver/Activity  = 38,000

Predetermined overhead rate for activity =Overhead/Cost Driver= 556,000/ 38,000 =$ 14.63

Activities: Construction oversight  $124,200.

Cost Drivers: Number of months

Expected Use of Cost Driver/Activity= 105

Predetermined overhead rate for activity = Overhead/Cost Driver= 124,220/ 105 = 1183.04

5 0
3 years ago
Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research quest
lapo4ka [179]

The correct answer is C) 2nd Circuit or the Federal Circuit. 

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit. 

Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut.  The 2nd Circuit Court of Appeals was established by Congress in 1891.

5 0
3 years ago
Olive Branch Inc. had 400,000 shares of common stock issued and outstanding at December 31, 2016. On July 1, 2017 an additional
klasskru [66]

Answer:

$512,000

Explanation:

The computation of Number of Share included for computing diluted earning per share is shown below:-

For computing the Number of Share included for computing diluted earning per share we need to find out the issued shares and Stock option which is given below

Issued Shares = 200,000 × 6 ÷ 12 (From July to December)

= $100,000

Stock option = 60,000 - (60,000 × $28 ÷ $35)

= $12,000

So, Total stock outstanding = Shares at Beginning + Issued Shares + Stock option

= 400,000 + $100,000 + $12,000

= $512,000

3 0
3 years ago
(b) Cite 3 reasons for and 3 reasons against rebuilding Greensburg as a “green town.”
mamaluj [8]

Answer:

The following are 3 against reasons for the reconstruction of Greensburg as the "green city":

Explanation:

Following are the reasons and the counter reasons:

Reasons:

  • Its tornado was something which will never be large as ever before, in which the city has been harmed and 95% of his residences have been destroyed. It also offers you to recreate the green city.  
  • The creation of a green city would also enable many cities to the devastated area to integrate with green technology.  
  • The Greenburg would become an icon with style as well as a prototype for the building of a clean energy city.

Counter Reason:  

  • The green tech isn't cheap and it would put pressure on the public resources.  
  • When a tornado of the same size hit Greenburg, then nobody would cause a serious source of financial and private assets.  
  • The city should give priority to tornado refugee camps that are capable of protecting public goods instead of building a green culture.
6 0
3 years ago
Jasmine (29) is filing as a single taxpayer. In 2019, she received income from the following sources:
lianna [129]

Answer:

$38,720

Explanation:

From the given information:

Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.

The taxable income can be determined as follows:

Particulars                                         Form                         Amount($)

Wages                                      (Form 1040, Line 1)           36,000

Add: Unemployed Income    Schedule 1, Line 7                4,320

<u>Add: Gambling winning         Schedule 1, Line 8                   500</u>

Total Income                                                                    $40,820

<u>Less: Student loan Interest   Schedule 1, Line 20              2,100</u>

Taxable income                                                               $38,720

3 0
3 years ago
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