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3 years ago

An agreement between two adults to pay $300 cash for a bicycle is an example of a contract that is

1 answer:

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The answer is a valid contract. A valid contract occurs when both parties has expressed or had shown agreement when engaging to certain services or products as means of showing that they both have negotiate and came to an understanding of agreement with what they are pertaining to in which is shown above as the adults involved has an agreement of paying the bicycle that shows a valid contract.

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Explanation of what’s happening please help, due tonight

Harlamova29_29 [7]

Answer:

what is this there is nothing to answer

Explanation:

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2 years ago

When firms exit a market, the _________, causing individual firms’ profits to _________.

Tpy6a [65]

Answer:

When firms exit a market, the short-run market supply curve shifts left, causing individual firms’ profits to increase.

Explanation:

The process of free entry and exit of firms is in a sequence as explained under-

If there is higher demand in the market of the product as compared to its supply, then each firm in the market will receive higher price for its product.
This will increase the prices of the product, enabling higher profits for each firm. This will make the industry attractive, enabling the introduction of newer firms in the market.
When the new firms enter the industry, the prices of the product in the market will drop due to higher competition, now present currently. This will lead to lowering of profits for the firms in the industry.
This will make the industry non-attractive and thereby the less competitive and less effective firms will exit the market in the short run.
This exit of firms from the industry, will lead to higher prices again due to less supply of product in the market as compared to its demand. Hence, the profits of the firms present in the industry will increase.

Thus, it can be concluded that when firms exit a market, the short-run market supply curve shifts left, causing individual firms’ profits to increase.

4 0

3 years ago

Read 2 more answers

At the beginning of the year, Poplock began a calendar-year dog boarding business called Griff's Palace. Poplock bought and plac

valina [46]

Answer: See attachment

Explanation:

a. What is Poplock’s year 1 depreciation expense for each asset?

See attachment. Note that the depreciation for the assets were calculated as the original basis × the rate. e.g for Computer equipment, the Depreciation was, the original basis of $5000 × the rate of 20% which equals $1,000.

b. What is Poplock’s year 2 depreciation expense for each asset?

Check attachment.

Depreciation for computer = $1600

Depreciation for day grooming furniture = $1714

Depreciation for popup truck = $3200

Depreciation for commercial building = $6923

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3 years ago

The three-legged Ork, a space creature from the universe Warhammer, wears 1 right shoe and 2 left shoes. Which set of market bun

denis23 [38]

Answer:

6 right shoes and 12 left shoes

Explanation:

That Ork needs 2 left shoes for every right shoe, to match the feet configuration.

So, we have to look into the possible answers, which offers a 2 to 1 ratio for the left shoes.

10 right shoes and 16 left shoes

No. Left-shoes ratio is 1.6 not the 2 we need.

12 right shoes and 12 left shoes

No, the left-shoes ratio is 1, not the 2 we need.

15 right shoes and 14 left shoes

No, the left-shoes ratio is 14/15, less than 1, so not the 2 we need.

6 right shoes and 12 left shoes

YES! The left-shoes ratio is 2, exactly what we need.

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3 years ago

Which characteristics describe customers who are more likely to have high assets and medium-low debt?

Zielflug [23.3K]

Customers with credit cards with no balance are more likely to have high assets and medium-low debt.

<h3>What do you mean by Credit card?</h3>

A credit card is a small rectangular or metal piece of paper issued by a bank or financial services company, which allows cardholders to borrow money to pay for goods and services from merchants who accept cards to pay.

Customers who are more likely to have medium and low credit often use credit cards, but do not leave a balance. They also have a savings account and a retirement account.

Thus, Customers with have credit cards with no balance are more likely to have high assets and medium-low debt.

To learn more about credit card refer:

brainly.com/question/11199005

#SPJ2

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2 years ago