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wel
3 years ago
7

Suppose that instead of leasing the Accord, Nigel decides to buy the Honda Accord for $22,180. Would this contract need to be in

writing to be enforceable?
Business
1 answer:
Sliva [168]3 years ago
7 0

L

Answer:

yes, pursuant to UCC, Section 2-201

Explanation:

Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.

In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.

An oral contract won't suffice In this case.

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​Jessica's job as the director of the humane shelter is exhausting and can be heartbreaking at​ times, but she loves her job bec
Zolol [24]

Answer: Option B

           

Explanation: It refers to the dimension under which an individual has a perception that his or her job has some meaningful purpose and the activities they perform are somehow important. This is usually seen in military jobs.

In the given case, Jessica job is exhausting but still she loves it because she thinks its bring positive changes in others life.

Hence from the above we can conclude that the correct option is B.

3 0
3 years ago
It becomes easier for businesses to borrow money when
Rina8888 [55]
It becomes easier for businesses to borrow money when the federal reserve increases money supply. Money supply is the quantity of currency and other liquid instruments that are circulating in a nation's economy at a particular time. The central bank of a country can increase the money supply by purchasing government securities on the open market, thereby increasing available funds to private banks. Private banks are thus empowered to lend money to businesses.
4 0
3 years ago
Investment X offers to pay you $4,200 per year for eight years, whereas Investment Y offers to pay you $6,100 per year for five
marishachu [46]

Answer:

PVxa = $27,132.00, PVya = $26,413.00,

Explanation:

Present value (PV) is the value of the future expected cash flow. PV rests on the idea that the worth of a cash received is more than that of the cash promised to be received in the future. To calculate PV a stream of incomes to be received a number of period in the future, the following formula is used:

PV = C[\frac{1-(1+r)^{-n} }{r} ]

Where PV = present value

C = cash flow amount from the investment

r = discount rate

n = number of period, in this case years, to receive the cash flow.

The PV formula above is therefore employed to answer the question as follows:

<u>Answer to question (a) </u>

<em>For Investment X in question (a)</em>

PVxa = $4,200 * {[1-(1+r)^-n]/r}

PVxa = $4,200 * {[1-(1+0.05)^-8]/0.05}

PVxa = $4,200 * 6.463212759

PVxa = $27,145.49      

<em>For Investment Y in question (a)</em>

PVya = $6,100*{[1-(1+r)^-n]/r}

PVya = $6,100*{[1-(1+0.05)^-5]/0.05}

PVya = $6,100 * 4.329476671

PVya = $26,409.81  

<u>Answer to question (b) </u>

<em>For Investment X in question (b)</em>

PVxb = $4,200 * {[1-(1+r)^-n]/r}

PVxb = $4,200 * {[1-(1+0.15)^-8]/0.15}

PVxb = $4,200 * 4.487321508

PVxb = $18,846.75  

<em>For Investment Y in question (b)</em>

PVyb = $6,100*{[1-(1+r)^-n]/r}

PVyb = $6,100*{[1-(1+0.15)^-5]/0.15}

PVyb = $6,100 * 3.352155098

PVyb = $20,448.15  

Where PVxa, PVya, PVxb and PVyb represents PV for X and Y in questions (a) and (b).

Decisions:

1. In question (a) part where the PV of $27,145.49 of X is greater than $26,409.81 of investment Y, it is better to invest on investment X.

2. In question (b) part where the PV of $20,448.15 of Y is now greater than $18,846.75 of investment X, it is better to invest on investment Y.

7 0
3 years ago
Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the y
MrMuchimi

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The total factory overhead for Bardot Marine Company is budgeted for the year at $664,125, divided into two departments:

Fabrication, $406,875

Assembly, $257,250.

The speedboats require three direct labor hours in Fabrication and three direct labor hours in Assembly.

The bass boats require two direct labor hours in Fabrication and three direct labor hours in Assembly.

Each product is budgeted for 3,500 units of production for the year.

A) Budgeted direct labor hours:

Fabrication:

Speedboats= 3500*3= 10500 hours

Bass boats= 3500*2= 7000 hours

Total= 17,500

Assembly:

Speedboats= 3500*3= 10500 hours

Bass boats= 3500*3= 10500 hours

Total= 21,000 hours

B) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Fabrication= 406875/17500= $23.25 per direct labor hour

Assembly= 257250/21000= $12.25

C) Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH Fabrication= 23.25*5 + 12.25*6= $189.75 per  unit

3 0
3 years ago
Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredicta
VladimirAG [237]

Answer:

False

Explanation:

Creative task performance represents the degree or extent to to which persons or employees come up with original, new and usual responses to task demands. That part of the question is true.

However, the false part is the unpredictability aspect because adaptive task performance is the type of performance which is also unusual, new and original but is at the very least unpredictable.

The question therefore combined the features of both creative and adaptive task performances. Therefore, the answer is false

8 0
3 years ago
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