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balu736 [363]
3 years ago
14

Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three y

ears to complete, but can be done sooner. does henry have an enforceable legal agreement with star?
Business
1 answer:
ELEN [110]3 years ago
4 0

There are 6 requirements for a verbal contract:

An offer. -- they had this

An acceptance. -- the contract was accepted

Competent parties who have the legal capacity to contract. - they both have the right to make this decision

Lawful subject matter. this is not an illegal operation

Mutuality of obligation. Both parties are obligated to do something in this case.

Consideration. if there were discussions of payment, then yes this is a legally enforceable contract.

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3 years ago
A new semi-automatic machine costs $ 80,000 and is expected to generate revenues of $ 40,000 per year for 6 years. It will cost
Dmitry_Shevchenko [17]

Answer:

The complete part of the question is found below:

Neglect the salvage value for payback period rate of return

Applicable rate of return is 15%

Answers:

Payback is 5.33 years

Present worth is -$18,909.48

UAC is -$ 4,996.58

Rate of return is 18.75%

Explanation:

In case of an even cash flow like this when the net cash flow yearly is $15,000($40,000-$25000), the payback period is initial investment/net annual cash flow

Payback=$80,000/$15,000= 5.33  years

Present is computed thus

Year   cash flow discount factor  pv=cash flow*discount factor

0        -$80,00       1/(1+0.15)^0      (80,000.00)

1         $15000         1/(1+0.15)^1      13,043.48  

2         $15000        1/(1+0.15)^2      11,342.16  

3         $15,000        1/(1+0.15)^3       9,862.74  

4         $15,000       1/(1+0.15)^4         8,576.30  

5         $15,000      1/(1+0.15)^5          7,457.65  

6         $25,000     1/(1+0.15)^6           10,808.19  

present worth                                     (18,909.48)

The uniform annual cost=NPV*r/(1-(1+r)^-n

NPV is -$18,909.48*0.15/(1-(1+0.15)^-6)

            =-$ (2,836.42) /0.567672404

           =-$ (4,996.58)

The rate of return can be computed thus:

rate of return=annual cash flow/initial investment*100

annual cash flow is $15000

initial investment is $80,000

rate of return=15,000/80000*100

                      =18.75%

6 0
3 years ago
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