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guajiro [1.7K]
3 years ago
15

What does O + A + C = K stand for and mean in the legal "Formula" for contracts? please helpppp

Business
1 answer:
Drupady [299]3 years ago
7 0

Answer:

O Stands for offer , A stands for acceptance , C stands for consideration , K stands for contract . An offer requirement, a contract and acceptance have it’s own thing.

Explanation:

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When the federal reserve decreases the federal funds target rate, it means that
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That it increases the money supply and the inflation is higher. More money can be loaned out by the bank.
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if the demand for a product is inelastic, which of these statements must be true? a)people will not buy any of the product when
Vanyuwa [196]
The statement that must be true about the demand for a product if it is inelastic is that, a price increase does not have a significant impact on buying habits. The correct answer would be option B. When the demand is inelastic, this situation means that the demand for a product does not decrease nor increase in corresponds to the rise or fall of its price.
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On July 8, Jones Inc. issued an $75,700, 8%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends o
Marizza181 [45]

Answer:=Jones recognizes $386.9  as interest

Explanation:

Fiscal year ending July 31st

there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st

Given amount or Principal amount = $75,700

Rate= 8%

Interest = Principal x Rate x Time

  $75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360

=$386.9

Jones recognizes $386.9  as interest in the current fiscal year.

3 0
3 years ago
Category Billions of Dollars Consumption 200 Depreciation 20 Retained earnings 12 Gross investment 30 Imports 50 Exports 40 Net
vagabundo [1.1K]

Answer:

GDP =  280 billion

Net investment = 10 billion

National income = 270 billion

Explanation:

given data

Consumption = 200

Depreciation = 20

Retained earnings = 12

Gross investment = 30

Imports = 50

Exports = 40

Net foreign factor income = 10

Government purchases = 60

solution

we get here GDP that is express as

GDP = Consumption + Gross investment + Government purchases + Net exports     ...................1

Net exports  = ( Exports - Imports)

so put here value

GDP = 200 + 30 + 60 + 40 - 50

GDP =  280 billion

and

Net investment will be as

Net investment = Gross investment - Depreciation    ...............2

Net investment = 30 -20

Net investment = 10 billion

and

National income = GDP - Depreciation + Net foreign factor income    ............3

National income = 280 - 20 + 10  

National income = 270 billion

7 0
3 years ago
Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the
Naddik [55]

Answer:

a) ME= 1.93

b) confidence interval= (19.59,23.45)

Explanation:

a) Sample of customers is 64, population standard deviation is 6 and confidence level is 99%

Sample mean= 21.52

Sample size= 64

Confidence level= 99%

Population standard deviation= 6

Standard error of the mean= 0.75

Z-value= -2.5758 (From Z table)

Interval half width= 1.9319

Margin of error at 99% confidence interval is 1.93 from the output.

b) Confidence interval

Interval upper limit= 19.59

Interval lower limit= 23.45

99% confidence interval is (19.59, 23.45) from the output.

ME= \frac{23.45-19.59}{2}= 1.93

5 0
3 years ago
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