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Ymorist [56]
3 years ago
8

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

Business
1 answer:
SIZIF [17.4K]3 years ago
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.

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A company with a high ratio of fixed costs:
garik1379 [7]

Answer:

The correct answer is: more likely to experience a loss when sales are down than a company with mostly variable costs.

Explanation:

The fixed cost ratio is a simple ratio that divides fixed costs by net sales.

The profit formula is:

Profit = Sales- Total cost =(Price * Q)-(FC + VC*Q)

Where  

FC=Fixed cost

VC= variable cos t

Q=produce quantity

If sales go down,  we have to pay this fixed cost even if we have no sales.  So if this Fixed cost are high ,  is most likely we are going to experience loss

4 0
3 years ago
Under what condition would it be rational for the trading areas of two branch locations to completely overlap?
dolphi86 [110]
When the retailer decides to switch store locations due to loss of a lease on the first store location.
7 0
2 years ago
which of the following will cause an increase in producer surplus? a. the price of a substitute increases b. buyers expect the p
AleksandrR [38]

The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.

What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.

To learn more about surplus
brainly.com/question/1483399
#SPJ4

7 0
1 year ago
Trisha's firm has filled all of its key management positions with parent-country nationals. What kind of staffing policy is this
N76 [4]

 The ethnocentric staffing policy is used in Trisha firm.

What do you mean by staffing?

Staffing refers to the continuous process of finding, selecting evaluating and developing a working relationship with current or future employees. The main goal of staffing is to fill the various roles within the company with suitable candidates.

What is importance of staffing?

If the staff are not competent, your organization will lag. But if you recruit the right kind of professionals, any company would perform other chores, such as organizing, directing, and controlling properly. It also contributes to the efficient utilization of resources.

The ethnocentric approach--------- to recruitment means that we hire people from our parent country to fill positions all over the world.

Learn more about staffing policy:

brainly.com/question/17084899

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6 0
2 years ago
After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash bal
melisa1 [442]

Answer:

the surplus of the cash is $21,000

Explanation:

The computation of the cash surplus (deficiency) for the month of October is given below:

Cash surplus is

= opening balance + cash receipt - cash payment - minimum cash balance

= $2,700 + $56,000 - $36,000 - $1,000

= $21,000

hence, the surplus of the cash is $21,000

8 0
2 years ago
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