What are some negative effects of the traditional economy?

The following elements must be established to create a certain type of contract:1. The plaintiff provided property or services t

mojhsa [17]

Answer:

Implied-in-fact-contract.

Explanation:

The mentioned elements are a part of Implied-in-fact-contract.

Implied-in-fact-contract is a form of implied contract formed by non-verbal conduct, rather than by explicit words. Supreme Court of USA has defined Implied-in-fact-contract as "an agreement 'implied in fact'" as "discovered when a meeting of minds, which, although not embodied in an express contract, is inferred, as a fact, from conduct of the parties showing, in the light of the surrounding circumstances, and their tacit understanding

3 0

3 years ago

________________ represent a series of thick and thin vertical linesreadable by computerized optical scanners that represent num

amm1812

Answer: Bar codes

Explanation:

A barcode is a way of representing data in a machine-readable and visual form. In the past, barcodes illustrated data by placing the parallel lines at intervals and altering the widths. Nowadays, barcodes known as one-dimensional (1D) or linear are scanned by optical scanners. Also, the two-dimensional (2D) barcodes were manufactured using dots, rectangles, hexagons and some geometric patterns, known as matrix barcodes. Barcodes are used for the tracking of products.

3 0

3 years ago

Harrod Company paid $4,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The b

Cerrena [4.2K]

Answer:

Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

Explanation:

The journal entry is given below

Insurance expense A/c Dr $2,400

To Prepaid Insurance $2,400

(Being insurance expense is recorded)

The computation is shown below:

= Insurance premium ÷ number of months × required months

= $4,800 ÷ 4 months × 2 months

= $2,400 months

The 2 months is taken from November 1 to December 31

6 0

4 years ago

Joe needs display racks and cabinets to open his clothing store, but he doesn't have the money to pay for them right away. A sup

zhuklara [117]

Answer:

The correct answer is letter "E": a trade credit.

Explanation:

Trade credit implies a customer buying products from a seller that helps the purchaser to later pay for the goods. Essentially, the seller provides the buyer with a short-term loan. Typical terms of trade credit must be charged for 30 days, but may also be 45, 60, 90, or 180 days in some situations.

5 0

4 years ago

Freida Farmer, 78 years young, from Karnak, IL has the winning Powerball lottery numbers which will pay out $7 million at the be

emmasim [6.3K]

Answer:

6.218%

Explanation:

we can use the present value of an annuity due formula:

present value = annual payment x annuity due factor

present value = 100
annual payment = 7
PV annuity due factor, %, 30 periods = ?

100 = 7 x annuity factor

annuity factor = 100 / 7 = 14.28571429 ≈ 14.286

using an annuity calculator, the interest rate for a PV annuity factor, 30 periods and equal to 14.286 is 6.218%

6 0

3 years ago