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vovikov84 [41]
3 years ago
6

Markel entered into a contract with Jaylin to paint a portrait for her in consideration of $600. This contract was freely negoti

ated. There was nothing in the terms of the agreement about when Markel had to start on the portrait or how long it should take him to finish. It took Markel a long time to complete the portrait, almost 18 months. Which of the following is true of this contract?
a. It must be in writing because it took longer than one year to complete.
b. It must be in writing because it was for more than $500.
c. It is a unilateral contract.
d. The contract need not be in writing.
Business
1 answer:
Orlov [11]3 years ago
3 0

Answer:

It is a unilateral contract.

Explanation:

A unilateral contract is a type of contract where only one party of the persons involved in the contract agrees to offer something.

In this case, Markel is offering to give Jaylin $600 for her portrait and Jaylin is not giving any specified time of delivery.

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Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost infor
gladu [14]

Answer:

$46,800

Explanation:

Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000

Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:

+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300

+) Overhead cost of each components (for both products)

= 78,000 / (8+12) = $3,900

=> Total overhead costs using activity - based costing system is:

<em>Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model</em>

<em>= 1,300 x 12 + 3,900 x 8 </em>

= $46,800

4 0
3 years ago
3. Once you turn 18, you should regularly check your credit report...
Mazyrski [523]

Answer:

A - For errors or signs of identity fraud

Explanation:

That is the correct answer, good luck, and have a good day.

7 0
2 years ago
On August 2, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account receivable.
earnstyle [38]

Answer:

The journal entry for the following economic activity is given below.

Explanation:

Interest revenue = 6000*12% * 91/360 = 182

Date                     Account Title                                           Dr             Cr

Oct 31                    Cash                                                      6,180

                                  Notes receivable                                             6,000

                                  Interest revenue                                                180

5 0
3 years ago
What are the advantages to shared decision-making
Dahasolnce [82]

Answer:. When patients participate in decision making and understand what they need to do, they are more likely to follow through.

Explanation:

4 0
4 years ago
Mary runs over a deer with her car. The ACV of her vehicle is $7,250. To repair the damages caused in the accident, it will cost
frez [133]

Answer: $4175

Explanation:

The Other Than Collision coverage is the payment to repair a vehicle when the damage caused isn't when one collides with another vehicle.

In this case, since Mary runs over a deer with her car, we'll deduct the other than collision deductible from her cost of the repair and this will be:

= $4375 - $200

= $4175

The insurer will pay Mary $4175

8 0
3 years ago
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