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Elanso [62]
2 years ago
14

Apps LLC enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. T

o fulfill the contract, Apps hires Dave as a student intern. With respect to the app contract, Dave is
Business
1 answer:
In-s [12.5K]2 years ago
4 0

Answer:

D. an incidental beneficiary.

Explanation:

These are the options for the question

A. an intended beneficiary.

B. a promisee.

C. a promisor.

D. an incidental beneficiary.

From the question we are informed about Apps LLC who enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. To fulfill the contract, Apps hires Dave as a student intern. In this case With respect to the app contract, Dave is an incidental beneficiary. A contract can be regarded as an agreement that exist between two parties and It is legally back up. An incidental beneficiary from this contract can be regarded as the third party that just get some benefits from a contract that exist between two other parties in an agreement, even though the benefits the third part gets is not intended to get it, and there is no legal right for the third party as far as the contract is concerned.

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Six years ago, James Corporation sold a $100 million bond issue to expand its facilities. Each debenture has a $1,000 par value,
Sauron [17]

Answer:

present value = $848.29

so correct option is c) $848

Explanation:

given data

bond sold = $100 million

time = 6 year

future value = $1,000 par value

original maturity = 20 years

years to maturity left = 14 years

annual coupon rate = 11.5%

require return = 14%

to find out

what price would you pay today for a James bond

solution

we get here first interest amount that is

interest = future value × annual coupon rate  × 0.5

interest = 1000 × 11.5% × 0.5

interest = $57.50

and rate = \frac{0.14}{2}

rate = 7%

now we find present value by

PV(Rate,nper, pmt, FV)

PV ( 7%, 28, 57.50,1000)

present value = $848.29

so correct option is c) $848    

6 0
3 years ago
QUESTION 1 of 10: True or False: Letting employees fail actually contributes to the success of the business.
Rudik [331]

Answer:

True

Explanation:

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5 0
3 years ago
A company's flexible budget for 24,000 units of production showed per unit contribution margin of $2.50 and fixed costs, $31,200
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Answer:

The operating income will be:

Total contribution($2.50 x 29,000) = 72,500

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Should I cover for my coworker who sneaks out
zheka24 [161]

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7 0
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