1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fantom [35]
2 years ago
10

Charley Bates defrauded Noah Claypole by inducing him to enter into a contract to sell him his house for half its market value.

Noah pursued an equitable action against Charley, seeking to be let out of the contract. Charley defended himself by claiming that Noah had in fact defrauded Charley by selling him a defective car for twice its market price while hiding the defects. If the court accepts this evidence that was introduced by Charley to prove that Noah had also defrauded him, what should the court do with regard to Noah's equitable remedy that he is pursuing?
A. The court should deny Noah the equitable remedy under the clean hands doctrine.
B. The court should deny Noah the equitable remedy under the laches doctrine.
C. The court should grant Noah the equitable remedy, as equitable remedies may always be pursued, this is one of the maxims of equity, that courts must work justice whenever they may, without regard to technicalities,
Business
1 answer:
Delvig [45]2 years ago
8 0
The correct answer is C
You might be interested in
Loretta is a member of a small research team that is working on developing a vaccine for swine flu. Once a week team members mee
Ede4ka [16]

Answer: information-sharing

Explanation: The meeting involves sharing of most recent findings so it illustrates the information-sharing function of meetings. A meeting is describes as an assembly or gathering of people for a purpose. The information-sharing function of meeting describes the exchange of information between attendees about a specific issue and/or information and updates. Since the purpose of this type of meeting is mostly educational or presentational, they have a likelihood of becoming boring and too filled with information. In these instances efforts are made to ensure that the attendees are engaged by providing questions and feedback channels among others.

8 0
3 years ago
A process control system costs $200,000, has a three year service life, and a salvage value of $20,000. Find the depreciation an
Advocard [28]

Answer:

A.

Depreciation expense each of the three years would be $60,000

Book value at the end of year 1 = $140,000

Book value at the end of year 2 =$80,000

Book value at the end of year 3 =  $20,000

B.

Depreciation expense in year 1 =$90,000

Depreciation expense in year 2 =$60,000

Depreciation expense in year 3 =$30,000

Book value at the end of year 1 =$110,000

Book value at the end of year 2 = $50,000

Book value at the end of year 3 =  $20,000

C.

Depreciation expense in year 1 = $133,333.33

Book value at the end of year 1 = $66,666.67

Depreciation expense in year 2 =  $44,444.45

Book value at the end of year 2 = $22,222.22

Depreciation expense in year 3 = $14,814.16

Book value at the end of year 3 = $7,407.40

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($200,000 - $20,000) / 3 = $60,000

Depreciation expense each of the three years would be $60,000

Book value at the end of year 1 = $200,000 - $60,000 = $140,000

Book value at the end of year 2 =  $140,000 - $60,000 = $80,000

Book value at the end of year 3 = $80,000 - $60,000 = $20,000

Sum-of-the-year digits = (remaining useful life / sum of the years ) x  (Cost of asset - Salvage value)

Sum of the years = 1 + 2 + 3 = 6 years

Depreciation expense in year 1 = (3/6) x ($200,000 - $20,000) = $90,000

Depreciation expense in year 2 = (2/6) x ($200,000 - $20,000) = $60,000

Depreciation expense in year 3 = (1/6) x ($200,000 - $20,000) = $30,000

Book value at the end of year 1 = $200,000 - $90,000 = $110,000

Book value at the end of year 2 = $110,000 - $60,000 = $50,000

Book value at the end of year 3 = $50,000 - $30,000 = $20,000

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/3

Depreciation expense in year 1 = (2/3) x $200,000 = $133,333.33

Book value at the end of year 1 = $200,000 - $133,333.33 = $66,666.67

Depreciation expense in year 2 = (2/3) x $66,666.67 = $44,444.45

Book value at the end of year 2 = $66,666.67 - $44,444.45= $22,222.22

Depreciation expense in year 3 = (2/3) x$22,222.22 = $14,814.16

Book value at the end of year 3 =$22,222.22 - $14,814.16 = $7,407.40

4 0
3 years ago
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 68,00
Genrish500 [490]

Answer:

1.Total cost of making = $1,632,000.

2) Incremental cost of buying $<em>204,000 </em>

3.)The company should make the product as it will save $204,000 by doing so

Explanation:

1) Total cost of making = unit cost× units required cost

Total cost of making =  24.00 × 68,000= 1,632,000.0

2) Total incremental cost of buying

<em>Relevant cost of making</em>

Unit variable cost= (5.00 + 9.00+ (30%× 10)=17

Total variable cost of making = 17  ×68,000 =               1,156,000

<em>Relevant cost of buying        </em>68,000× 20   =                <u> 1,360,000 </u>

Incremental cost of buying                                             <u><em>204,000 </em></u>

<u><em></em></u>

3) Haver should make the product as it will save $204,000 by doing so

       

5 0
3 years ago
Understanding the purpose of your research project will assist you in
Phoenix [80]
I don't understand what your asking?

7 0
3 years ago
I am an absolute beginner to the job. Whenever I receive an inquiry from a client, my supervisor will text me a price in RMB (Ch
forsale [732]

Answer:

There had been a consensus among economists that the Chinese currency has been undervalued in the 15% to 40% range for many years.1 However, the International Monetary Fund (IMF) stated in the summer of 2015 that the Chinese currency was no longer undervalued against the dollar given its recent appreciation.2

Chinese money, however, comes by two names: the Yuan (CNY) and the people's renminbi (RMB). The distinction is subtle: while renminbi is the official currency of China where it acts as a medium of exchange, the yuan is the unit of account of the country's economic and financial system.

1:02

Yuan Vs RMB: Understanding The Difference

Money As a Medium of Exchange

Money enables anyone who possesses it to participate as an equal market player. When consumers use the money to purchase an item or service, they are effectively making a bid in response to an asking price. This interaction creates order and predictability in the marketplace. Producers know what to produce and how much to charge, while consumers can reliably plan their budgets around predictable and stable pricing models.

When money, as represented by a currency, is no longer viable as a medium of exchange, or if its monetary units can no longer be accurately valued. Consumers lose their ability to plan budgets, and there is no longer a way to gauge supply and demand accurately. In short, market volatility will cause the markets to become chaotic.

Prices are bid up or raised, in response to worries about scarcity and fears of the unknown. Meanwhile, supply diminishes because of hoarding behaviors, coupled with an inability of producers to quickly replenish inventory.

Money as Unit of Account

Unit of account (or numeraire) is an economic term that represents a unit in which prices are measured. A numeraire is usually applied to a single good, which becomes the base value for the entire index or market. By having a numeraire, or base value, it allows us to compare the value of goods against each other. In essence, the numeraire acts as a set standard of value across an exchange.

An example of a numeraire arises when we look at how currencies were valued under the Bretton Woods Agreement and System during the mid-twentieth century. The U.S. dollar (USD) was fixed at $35 per ounce of gold. All other currencies were then priced as either a multiple or a fraction of the dollar.3 In this situation, the USD acted as the de facto benchmark, or numeraire, because it was fixed to the price of gold.

6 0
2 years ago
Other questions:
  • An accountant increases the price he charges for his services by 14 percent. In​ response, the demand for his services decreases
    14·1 answer
  • Warner Corporation purchased a machine 7 years ago for $405,000 when it launched product P50. Unfortunately, this machine has br
    9·1 answer
  • True or false: keynesian economists argue that the government can fight inflation by implementing expansionary fiscal policy.
    12·1 answer
  • Why might the federal government decide to intervene in the housing market to promote home​ ownership?
    7·1 answer
  • Jack Barnes is the CEO of Graphics Prints and Art, Inc. Jack was scheduled to take an important customer on a hunting trip for t
    6·1 answer
  • Major American car manufacturers are offering buying incentives to newly graduated college students who traditionally have littl
    12·1 answer
  • Dream Homes is an appliance store. It recently launched its own brand of freezers in order to build customer loyalty. The store
    9·1 answer
  • The relationship between output and labor in a model holding capitalstock fixed is known as the:a. aggregate production function
    12·1 answer
  • A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities compa
    6·1 answer
  • In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate bar
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!