Answer:
d. an offer and an acceptance.
Explanation:
A contract exists where each involved party agrees to fulfill its obligations as per the terms of the agreement. The two or more parties involved are in consensus regarding the subject matter. A contract valid and in force, once the offeror makes the offer, and the offeree accepts it.
Steel and mike are in are contract. Mike has accepted the offer by steel. Other elements that must be present for a contract to be valid are the existence of consideration, mutual obligations, and the ability to fulfill one's responsibility.
Answer:
B, For a partnership, it is calculated at the entity level.
Explanation:
For a partnership, it is calculated at the entity level. This is to ensure that double income computation is avoided.
Number of shorts sold=xnumber of Jeans sold =y 100 items were sold x +y=100 eq 1x=100-y The shorts sold for $15 each, and the jeans sold for $28 per pair.Sales of denim shorts and denim jeans for May totaled $1,955. 15x+28y=1955 eq 2
substitute the value of x in second equation 15(100-y) +28y=1955 1500-15y+28y=1955 13y=455 y=35 x=100-35=65 Number of shorts sold=x=65
number of Jeans sold =y=35
Answer:
The Dean will pay up to 43,810.65 considering the copy-machine cash flow and required return.
Explanation:
17,000 incremental cash flow per year with a three year useful life
we are asked for the present value considering 8% as discount rate:
we have to sovle for the present value of this annuity.
C 17,000.00
time 3
rate 0.08
PV $43,810.6488
<span>D. Social Security often does not provide enough money for retirees to be able to afford their accustomed lifestyles.
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