1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VMariaS [17]
3 years ago
12

Barbara and the bank signed a contract in which they agreed that the bank would loan $100,000.00 to Barbara to buy a car. She wo

uld then repay the loan by making monthly payments of $2,500.00 for 50 months. After 2 years of Barbara's making payments, she and the bank agreed that Barbara could sell her car to Dorothy who agreed to make all of the remaining payments which the bank accepted. This is an example of: A. A novation. B. An accord and satisfaction. C. A void contract. D. A voidable contract.
Business
1 answer:
Afina-wow [57]3 years ago
7 0

Answer:

Option A

Explanation:

A Novation is a form of contract in which the original contract is substituted by a replacement contract where by the new party agrees to accept all the debts to be paid as a part of the original contract.  

In other way the original contracting party give all the rights and obligations to the new party  

Hence, Option A is correct

You might be interested in
Many organizations choose to accomplish aggregate planning on the basis of _____ and _____ methods. Multiple Choice spreadsheet;
Degger [83]

Majority of organizations choose to accomplish aggregate planning on the basis of simulation and experience methods.

<h3>What is an aggregate planning?</h3>

This refers to the process of developing and maintaining a schedule of the overall operations of an organization.

Most organization uses an aggregate planning to achieve their financial goals and improve the bottom line.

Therefore, the Option C is correct.

Read more about aggregate planning

<em>brainly.com/question/18803972</em>

#SPJ1

5 0
2 years ago
Adding or deleting features and functions from an existing product platform is: Group of answer choices A high-end strategy. The
LuckyWell [14K]

b. The optional pricing strategy (O.P.)

More about optional pricing:

When a company uses optional product pricing, it sets a base product at a lower cost and additional, optional products at a higher price to make up for any losses. Optional products are not required for the base product to function, but they typically improve the customer experience.

The two key components of optional product pricing:

  • A base product is the main draw for the customer or the reason they are purchasing. It meets the needs of the customer and does not require the optional product to function.
  • A complimentary product(s): A product that a customer who purchased the base product is likely to purchase in order to improve their experience with the base product.

Learn more about pricing here:

brainly.com/question/17234963

#SPJ4

4 0
1 year ago
There are four seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding a
Archy [21]

Answer:

We must spend $575,023 to acquire sufficient shares to guarantee your election to the board

Explanation:

To calculate the number of shares, the below formula will be used

Number of shares = [(S * X) / (D + 1)] + 1

S = Total number of shares, X = Number of seats you want to leave, D = Total number of seats

Number of shares = (175,000 * 1) / (4 + 1) + 1

Number of shares = (175,000 / 5) + 1

Number of shares = 35,000 + 1

Number of shares = 35,001

We control 35,001 if we wants to guarantee election to the board.

The additional no of shares that we need to buy is as calculated below as we already owns 10,000 shares

Cost = (Number of shares required - Number of shares already owned) * Price per share

Cost = (35,001 shares - 10,000 shares) * $23

Cost = 25,001 shares * $23

Cost = $575,023

Thus, it will cost us $575,023 to guarantee that we will be elected to the board.

4 0
3 years ago
Many in the advertising industry are calling for a new way to measure a commercial’s effectiveness, _____________, an accountabi
Vsevolod [243]

ROI is the answer to this question. ROI or Return of Investment is when the capital is now gained back and the business computes the amount of profit during the time the investment was returned. Return of investment is computed by dividing the benefit of investment over the cost of investment. 

6 0
3 years ago
First movers are? a. firms that take an initial competitive action. b. firms that are first to exit a declining indus
hjlf

First movers are firms that take an initial competitive action.

A service or product that enters the market first and captures a competitive advantage is known as a first mover. Being the first usually allows a business to build a strong brand awareness and client loyalty before rivals enter the market. Other benefits include having more time to perfect its offering and determining the new item's selling price.

Industry's first movers are virtually always followed by rivals looking to capture market share and capitalize on their success. The market share held by the first mover is frequently maintained because it has built a strong enough client base and a large enough market share.

Learn more about first mover here

brainly.com/question/20714310

#SPJ4

8 0
1 year ago
Other questions:
  • Runaround Corporation sells running shoes and during January they ran production machines for 29 comma 000 hours total and incur
    9·1 answer
  • Which of the following are generally considered to be uncontrollable government expenditures?
    7·1 answer
  • On March 9, 2009, the Dow Jones Industrial Average reached a new low at a close of 7,447.50, which was down 98.34 that day. What
    11·1 answer
  • How can formal business documents help managers solve problems?
    5·2 answers
  • Bryson Accounting Services performed accounting services for a client in December. A bill was mailed to the client on December 3
    14·1 answer
  • Assume that a customer shops are a local grocery store spending an average of $400 a week, resulting in the retailer earning a $
    9·1 answer
  • Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat
    11·1 answer
  • When purchasing a vehicle which of the following would initially offer the lowest monthly payment
    14·2 answers
  • Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
    15·1 answer
  • Which task would most lIkely be completed by a fraud examiner?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!