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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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bundle of meanings or characteristics associated with certain concrete, unambiguous events, objects, conditions, or situations?
Sloan [31]

Answer:

<em>CONCEPT</em>

Explanation:

It is known as <em>"CONCEPT"</em> in which the meanings collections are been accepted and associated with characteristics with certain objects and situations and conditions and events as well as behaviors.

<em>In this it also classifies the events and as well as objects that are carrying  similar characteristics. </em>

We can also abstract such kind of meaning with are experience of abstraction.

8 0
3 years ago
For an average commercial vehicle being driven at 55 mph on dry pavement, it will take about _____ to bring the vehicle to a sto
zalisa [80]
Answer: 300 feet

Explanation:
Three important factors are involved in bringing a moving vehicle to a stop.

1. Perception distance is the distance a vehicle travels while your brain perceives the need to apply the brakes. An alert driver requires about 0.75 seconds to react. This time accounts for about 60 feet of travel.

2. Reaction distance is the distance traveled before the driver actually presses on the brake pedal. For an alert driver, this also takes about 0.75 seconds. This adds another 60 feet of travel.

3. Braking distance is the distance the vehicle travels before coming to a stop on a dry ground. On a slippery ground (after snow or rain) this distance is longer. On dry ground, the skidding distance is about 170 feet.

This means that an alert driver needs 60+60+170 = 290 feet (approximately 300 feet) to stop.
For this reason, tailgating at high driving speeds is dangerous.

7 0
3 years ago
Here are the cash flows for two mutually exclusive projects: Project C0 C1 C2 C3 A −$ 34,400 +$ 13,700 +$ 13,700 +$ 13,700 B − 3
Natali [406]

Answer:

7.89%

Explanation:

We can find the IRR of Project A and Project B is 9% and 8% respectively

(please see the calculation in excel in attachment)

So if the interest rate below 8% then Project A is more profitable than project B.

You can find NPV of each project follow the decrease in interest rate in the excel attached.

Download xlsx
5 0
3 years ago
Bonds owned by investors whose names and addresses are recorded by the issuing company, and for which interest payments are made
Natali5045456 [20]

Answer: Registered Bonds

Explanation:

A registered bond is one that has the owner's name and contact information recorded by the issuer so as to ensure that interest payments depending on the bond terms  are rightly given out and also  to track claims to coupons.The two ways bonds can be registered and transferred

1. Physically by printing owners details at the back of the certificate and BY signing or endorsing a certificate during transfer of bonds,

2. Electronically  bY recording on a system database for ownership claim and for transfer of bonds.

The opposite of a Registered bond is a Bearer bond, Here, the owner"s details and information are not recorded.

4 0
3 years ago
On January 2, 2014, Best Beverages acquired 45 percent of the stock of Better Bottlers for $30 million in cash. Best Beverages a
Alex787 [66]

Answer:

Calculation of 2014 equity in net income

Better Bottler's net income                      $1,125,000

($2,500,000* 45%)  

Less: Amortization of patents and           $450,000

trademarks  revaluation

(160-150* 1000,000/10 at 45%)

Less: Amortization of brand names          $270,000

($9000,000 /15 at 45%)

Equity in net income of Better bottles   $405,000

                                Journal entries

Description                                         Debit         Credit

Investment in better bottles        $405,000

Equity in net income of better bottle               $405,000

Cash                                                 $292,500

($650,000 * 45%)

investment in better bottles                             $292,500

b) Calculation of investment balance

Investment balance, Jan 2,2014                           $30,000,000

+ Reported income less dividends                         $5,400,000

($25,000,000 equity - $13,000,000 retained

earnings) * 45%  

-  4 yr of revaluation write off                                

($450,000 * 4)                                                         $1,800,000

($270,000 *4)                                                         <u>$1,080,000</u>

Investment balance, Dec 31, 2017                      <u>$32,520,000</u>

4 0
3 years ago
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