Answer:
13.5%
Explanation:
Relevant data provided for computing the profit margin which is here below:-
Net Income = $175,000
Net Sales = $1,300,000
The computation of profit margin is shown below:-
Profit Margin = (Net Income ÷ Net Sales) × 100
= ($175,000 ÷ $1,300,000) × 100
= 13.5%
Therefore for computing the profit margin we simply applied the above formula.
Answer:
C. <u>not valid because performance depends on Parsley's personal skills</u>
Explanation:
A valid contract refers to an agreement entered into by parties which legally binds both parties and is enforceable under the law.
For a contract to be termed as valid, it must be performed by the parties to it.
Performance clause in a valid contract refers to doing or acting in a way as is required by the terms of the contract.
In the given case, Parsley signed a contract to provide services i.e provide French cooking lessons to Curry. Later, Parsley wants to transfer his duties to Relish.
The transfer will not be valid since the performance i.e service to be provided by Parsley are of personal nature and the consideration is based upon that. No two individuals can provide exact services.
Answer:
Did the technology push the changes in the world, or was it the other way around? What evidence is opinion based upon or how did you draw your conclusions?
In my opinion the world started to change during the 1970s when Steve Jobs introduced the personal computer. Before him, only huge corporations could afford computers since they were huge and costed millions. Since then, information technology (IT) has increased in gigantic steps and when the internet was available for public use, the world as we know it changed.
When the world was struggling again during the great recession, my hero came back and changed the way IT industry again with the iPhone and the whole app culture. I am a little over 25, and I can tell that everything was very different when I was a small kid. You actually needed to read a newspaper and use encyclopedias (very large books).
Now everything is on the web and now most of us are even working using the internet. In just seconds we know what is happening in China or any other country in the world, while before all we heard about China was that were many Chinese and they were communists. IT has enabled whole new industries that boost the economy much more than any other manufacturing business ever had. The world would be a much different place if it wasn't for the Apple I, the internet or the iPhone.
GDP is the total market value of all final goods and services produced within a country in a given period of time.
Answer:
The annual interest rate is 156 percent
Explanation:
If 6.00 percent interest for a two-week period then annual interest rate =
rate for a two-week period * (52 weeks/ 2 weeks) = 0,06 * 26 = 1,56
1,56 * 100 = 156 percent for a year period
<u>Note</u>: One year have 52 weeks
