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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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Bob reads a circular from the Department of Human Health and Safety. It recommends a lower intake of salt as a measure to preven
STALIN [3.7K]

Answer:

Selective distortion

Explanation:

Selective distortion is the phenomenon where people interprete information based on their previous beliefs. This occurrence makes it difficult for such people to be influenced to make a purchase through advertisements.

This challenge to marketing also applies to selective attention and selective retention.

In this instance Bob reads a circular from the Department of Human Health and Safety recommending lower salt intake to prevent health problems. Because his grandmother still adds salt and remains healthy, Bob discards this information as being untrue.

4 0
4 years ago
You want to borrow $115,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,250, but n
Alex787 [66]

Answer:

APR 6.498%

Explanation:

We solve for rate using excel goal seek

we write on A1:

=PV(A2;60;2,250)

Now, on A2 wirite any number as a placeholder

Last we use goal seak tool to make the A1 value of 115,000 changin A2 (which is the rate)

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 2,250.00

time 60

rate 0.00541501

2250 \times \frac{1-(1+0.00541501038042548)^{-60} }{0.00541501038042548} = PV\\

PV $115,000.0007

now, this rate will be monthly so we multiply by 12

0.00541501 x 12 = 0,06498012‬ = 6.498%

7 0
3 years ago
The Eccleston Company has the following budgeted sales: January $40,000, February $60,000, and March $50,000. 40% of the sales a
zvonat [6]

Answer:

Total cash collection= $53,000

Explanation:

Giving the following information:

Sales:

February $60,000

March $50,000.

Cash:

40% of the sales are in cash.

Credit sales:

50% in the month of sale

50% in the next month

<u>Cash receipts March:</u>

Sales in cash March= (50,000*0.4)= 20,000

Sales on account March= (50,000*0.6)*0.5= 15,000

Sales on Account February= (60,000*0.6)*0.5= 18,000

Total cash collection= $53,000

8 0
3 years ago
Requirement 3. Use the predetermined overhead allocation rates to compute the​ activity-based costs per unit of the commercial c
Iteru [2.4K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
4 0
4 years ago
Harry is a salesperson for luxa, a car company. during sales dialogues with potential customers, harry usually talks about luxa
amm1812
Hary is doing this to appeal to the customers’ emotional buying motives. In product buying motives, the client is drawn towards the item because of some physical or psychological fascination of the item. The item might be shabby, alluringly composed, brilliant, strong, popular, agreeable, and so on. Hence a client is inclined to get it.

7 0
3 years ago
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