All categories

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:

5 0

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.

You might be interested in

What are the effects of using leverage on cash flows?

OleMash [197]

The effects of leverage
Leverage, however, will increase the volatility of a company's earnings and cash flow. In finance, the term is used to describe the amount of cash (currency) that is generated or consumed in a given time period. There are many types of CF, as well as the risk of lending to or owning said company

3 0

3 years ago

According to the marginal productivity theory of income

Anna71 [15]

Answer:

The income received by an individual who supplies labor services equals the incremental benefit generated to the firm by the individual´s labor

Explanation:

The marginal productivity theory of income or wages states: firms pay a salary that is equal to the extra benefit a (that is why is marginal; an extra unit in this case is an extra unit of labor) worker represents in output of production. In other words, if the firm employees a new worker, its salary would be equal to the extra output produced by him or her (marginal product of labor). Because of this, wages depend on the production function each firm has. The mathematical formula to get the marginal product of labor is: dF/dL, where F is the production function and L represent labor in it.

5 0

3 years ago

A country's export ratio is Group of answer choices The ratio of imports to GDP. The ratio of imports to exports. The ratio of t

Assoli18 [71]

A country's export ratio is the ratio of imports and exports.

<h3>What is the export ratio?</h3>

Export ratio is the ratio of import to export. Export would comprise of goods and services produced in the US that are been sold to foreign countries. Import would comprise of foreign produced goods and services that are been sold in the US

To learn more about imports, please check: brainly.com/question/26497713

#SPJ1

4 0

2 years ago

he following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invento

IceJOKER [234]

Answer:

$210,000

Explanation:

For computing ending inventory under absorption costing, we need to first find out the units of ending inventory, and then do the proportion to each cost.

The units of ending inventory = Units produced - units sold

= 7,200 units - 5,200 units

= 2,000 units

Now,

The material cost = Material cost × (ending inventory units ÷ units produced)

= $144,000 × (2,000 ÷ 7,200)

= $40,000

The Variable conversion cost = Variable conversion cost × (ending inventory units ÷ units produced)

= $72,000 × (2,000 ÷ 7,200)

= $20,000

The Fixed manufacturing cost = Fixed manufacturing cost × (ending inventory units ÷ units produced)

= $540,000 × (2,000 ÷ 7,200)

= $150,000

So, the ending inventory equals to

= Material cost + Variable conversion cost + Fixed manufacturing cost

= $40,000 + $20,000 + $150,000

= $210,000

6 0

3 years ago

If the mps in an economy is 0.1, government could shift the aggregate demand curve rightward by $40 billion by question 3 option

ikadub [295]

Answer:

increasing government spending by $4 billion.

Explanation:

A rightward shift of aggregate demand means that aggregate demand is increasing.

When the government increases spending, the effect on aggregate demand is given by ⇒ total change in spending x government spending multiplier

total change in spending = $4 billion
government spending multiplier = 1 / MPS = 1 / 0.1 = 10

effect on aggregate demand = $4 billion x 10 = $40 billion

7 0

2 years ago