Answer:
b) false
Explanation:
This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.
E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.
But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.
Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.
The price of food, water and oil would go up
Answer:
The answer is given below;
Explanation:
Plan II EPS=Net Income/Weighted Average shares outstanding
=$450,000-(2,210,000*7%)/120,000=$2.46
Plan I =$450,000/170,000=$2.64
Answer:
opportunity cost
Explanation:
opportunity cost means the cost a person must pay for chosing one of two alternatives.
