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Nookie1986 [14]
3 years ago
12

John received a promotion at work and felt new clothes would be necessary in the new position. John went to a local store and ch

arged three ties on his charge account at a cost of $60 each. Bill, a friend of John's, saw a sidewalk vendor selling ties at a cost of three for $10 and bought three at that price. The friends compared purchases that night and found that they had purchased identical ties. John became enraged and said that he would not pay the charge-account bill because the ties were clearly not worth $60 each. Bill indicated that he would testify on John's behalf if litigation ensued. What would be the probable outcome of the lawsuit
Business
1 answer:
wel3 years ago
6 0

Answer:

John will lose the lawsuit

Explanation:

Businesses have a right to set the price of their products, and when the customers considers the price and agrees with it the deal is sealed.

In the given scenario John made the purchase at $60 per tie and he was satisfied with the sale at point of purchase.

He only became enraged when Bill told him he bought his identical ties at $10.

John will lose a lawsuit of he fails to pay the charge-account bill because he willingly agreed to the $60 per tie price.

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2 years ago
What is a bank??????????
AleksandrR [38]

Answer:

A Bank is a financial institution that accepts deposits from public and creates a demand deposit while simultaneously makeing loans.

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3 years ago
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State-approved riots in which russian mobs brutally attacked jewish communities, destroyed homes and businesses and even murdere
Alecsey [184]

The answer is: pogroms

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<h3>What Exactly Is Community?</h3>

We are all united by the word "community," which is so straightforward to use. It depicts a situation that is so typical that we hardly ever take the effort to explain it. It looks so basic, normal, and human. As a sign of our sincere intentions, we frequently append it to the names of social developmentintents in the social sector (for example, community mental health, community policing, community-based philanthropy, community economic development).

However, the concept of community is nuanced. And, regrettably, a lack of knowledge about what a community is and its function in the lives of individuals in many civilizations has resulted in the failure of many well-intentioned "community" initiatives.

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3 0
2 years ago
A firm's bonds have a maturity of 10 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 5 years at $
Sladkaya [172]

Answer:

Yield to maturity is 3.94%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 9% = $90/2  = $45 semiannually

Selling price = P = $1080

Number of payment = n = 10 years x 2 = 20

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $45 + ( 1000 - 1080 ) / 20 ] / [ (1,000 + 1080 ) / 2 ]

Yield to maturity = [ $45 - 4 ] / 1040 = $41 /1040 = 0.394 = 3.94%

4 0
4 years ago
A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall
Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

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