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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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Debra, age 51, is self-employed and has never made a lot of money. But, she has consistently saved $4632 per year into a traditi
KiRa [710]

Answer:

D. $221072.

Explanation:

In this question, we use the future value formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $0

Rate of interest = 5%

NPER = 25 years

PMT = 4,632

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the answer would be $221,071.92  

5 0
3 years ago
At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes
fenix001 [56]

We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

<h3>What is aggregate demand?</h3>

Aggregate demand refers to the total demand for goods and services within an economy.

Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.

<h3>Answer Options:</h3>

a. Both the US and Europe

b. The US, but not Europe

c. Europe, but not the US

d. Neither the US nor Europe

Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

Learn more about aggregate demand at brainly.com/question/1490249

8 0
2 years ago
What is the uses of trading, profit and lost account​
Len [333]
The profit and loss account is used to determine the net profit of the business. The starting point for the profit and loss account is the balance carries down from the trading account which is the gross profit of business. Hope this helped you out...
4 0
3 years ago
Sheffield Corp. has equipment with a carrying amount of $2500000. The expected future net cash flows from the equipment are $254
ololo11 [35]

Answer:

No impairment loss would be reported

Explanation:

The computation is shown below;

Impairment loss = carrying value - recoverable amount

Where,

The recoverable amount would be the higher amount of fair market value and value in use

So the recoverable amount would be $2,545,000

Now the impairment loss is

= $2,500,000 - $2,545,000

= -$45,000

Since the impairment loss comes in negative so no impairment would be recorded

7 0
3 years ago
Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee
Oliga [24]

Answer:

Compensation.

Explanation:

According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.

3 0
3 years ago
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