1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kaheart [24]
3 years ago
5

Two brothers who were certified public accountants worked together at a large accounting firm practicing their chosen profession

. The older brother was concerned about his younger brother's apparent inability to show up at his job by 9 a.m. each morning, sober and clear-eyed. One day, after the younger brother showed up late for work yet again, the older brother told him that if he would show up at the office sober and ready to work by 9 a.m. each morning for the next 10 months, he would pay him $15,000 at the end of that time. The younger brother accepted the offer and complied with its terms from that day forward. Nine months later, the older brother died unexpectedly. One month after that, the younger brother filed a claim with his brother's estate for the $15,000. Will the younger brother prevail in his claim
Business
1 answer:
zysi [14]3 years ago
3 0

Answer: Yes. The younger brother will prevail in his claim since he has performed under a valid contract.

Explanation:

Based on the information given, the younger brother will prevail in his claim because he has performed under a valid contract.

Based on the information given, he entered into a valid contract with his elder brother, accepted the offer and complied with its terms from that day forward. Since he performed the contract, he's entitled to the $15000 when after his brother's death.

You might be interested in
Lew Co. sold 200,000 corrugated boxes for $2 each. Lew's cost was $1 per unit. The sales agreement gave the customer the right t
Harlamova29_29 [7]

Answer:

a) $170,000

Explanation:

Total Sales = 200,000 X 2 = 400,000

-Sales Return = 400,000 X 5% = 20,000

=Net Sales = 380,000

-Cost of corrugated boxes = 200,000 X 1 = 200,000

=Gross Margin = 180,000

-Additional Cost = 10,000

=Operating profit = 170,000

8 0
4 years ago
What are three typical reasons why companies develop their own information systems?
9966 [12]
"To satisfy the unique business requirements, to meet constraints of exisTng systems, and to <span>minimize changes in business procedures and policies." are the certain reasons in which it prompted the companies to develop their own information system which is essential for the influx of data entering their systems.</span>
4 0
3 years ago
Estimates of a stock's intrinsic value calculated with the free cash flow methodology depend most critically on _______.
lubasha [3.4K]

Estimates of a stock's intrinsic value calculated with the free cash flow methodology depend most critically on the terminal value used.

What is intrinsic value of stock?

A thing, asset, or financial contract can have intrinsic value if it has some basic, objective value. It may be a good buy or a good sale if the market price is less than that value. There are various approaches for determining a reasonable appraisal of a share's intrinsic value when reviewing equities.

What does terminal value mean?

The worth of a firm, project, or asset after the period for which future cash flows can be predicted is known as its terminal value (TV). After the projected period, terminal value assumes a company will continue to expand at a specific pace indefinitely.

Learn more about intrinsic value: brainly.com/question/14582100

#SPJ4

4 0
2 years ago
On November 27, the board of directors of Armstrong Company declared a $.50 per share dividend. The dividend is payable to share
Anna35 [415]

Answer:

On November 27

Debit Retained earnings $12,750

Credit Dividend payable $12,750

<em>(To record the dividend declared)</em>

On December 24

Debit Dividend payable $12,750

Credit Cash $12,750

<em>(To record dividend paid)  </em>

Explanation:

  • Dividends on gains on shares bought by the shareholders. They arise due to appreciation in share price and improvement in company's net income.
  • The dividend payable was calculated as $.5 x 25,500 shares = $12,750.
  • Dividends are usually paid out of retained earnings.
  • The dividend payable account is debited when payment is to be made.
4 0
3 years ago
. Which one of the following businesses would be the most difficult to get funding for?
yawa3891 [41]
Can i help you plese
5 0
3 years ago
Other questions:
  • List three nondurable goods that you use on a regular basis
    10·1 answer
  • An ad for asian sensations' newest product line of snack foods encourages readers to "thai something new." in this example, the
    6·1 answer
  • A key determinant in the facility location decision is the proximity the site has to the organization's largest customer base an
    8·2 answers
  • How do Equal Employment Opportunity laws protect job applicants?
    5·1 answer
  • There are many ways to cash-flow your college education without going into debt. Provide a minimum of five options for cash-flow
    14·1 answer
  • A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls from 4,877 to 4,705. Compute the p
    10·1 answer
  • IE 11-1 ... AS/AD Model – Assume this economy has now moved from Year 3 back to Year 2 as a result of too much "monetary contrac
    15·1 answer
  • In some counties, certain funds are collected and then distributed to be used only for the exclusive purpose of deterring, inves
    9·1 answer
  • By taking summer courses, you can graduate a semester early; the principle underlying this is ____________:
    13·1 answer
  • A perceived or real incompatibility of goals, values, expectations, or processes between two or more interdependent parties is k
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!