Free

Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo

Arada [10]

1. If Milo should try to sue Jess, the court will decide that

that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.

2. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.

3. The store manager is most likely to explain to Arlene here that the advertisement is a valid offer, and the store must honor the price in the advertisement.

<h3>What is a business contract?</h3>

A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.

A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.

One has to fully understand the terms of a contract before they go ahead to sign documents.

Read more on contracts here: brainly.com/question/984979

6 0

3 years ago

Molly Jasper and her sister, Caitlin Peters, got into the novelties business almost by accident. Molly, a talented sculptor, oft

Paladinen [302]

a. The computation of Mollycaits' operating break-even point is <em>2,473 units</em> ($4,500/$1.82).

b. The calculation of Mollycaits' EBIT on the department store order is <em>$812.40</em> ($9,500 - $8,688).

c. If department stores' price were $9.51, the EBIT will be <em>$5,387</em> ($14,075 - $8,688).

Note that for (b) and (c), the fixed cost is not considered.

d. Without paying more than $7.69, the quantity that will result in an EBIT of $3,700 is <em>4,505 units</em> ($4,500 + $3,700)/$1.82

e. Varieties of Mollycaits = 15 with variable cost of $5.87

f. The recommendation to Molly and Caitlin with regard to pricing and varieties to offer is that, while the company can varieties to suit the needs of customers, it must ensure that it does not price them below $5.87, its operating cost.

Data and Calculations:

<u>Special contract</u>:

Units of figurines offered = 1,480

Sales value of offer = $9,500

Selling price per unit = $6.42 ($9,500/1,480)

Variable operating cost = $5.87

Contribution margin per unit = $0.55 ($6.42 - $5.97)

<u>Normal business</u>:

Estimated average price per unit = $7.69

Variable operating cost = $5.87

Contribution margin per unit based on average price = $1.82 ($7.69 - $5.87)

Fixed cost per month = $4,500

Thus, Molly and Caitlin can offer various types of figurine, but they must sell at least 2,473 units to break-even.

Learn more about computing break-even points here: brainly.com/question/9212451

5 0

3 years ago

Alonzo, the marketing director for a major retailer, prepared a unified message for the new promotional campaign. after several

Zigmanuir [339]

<span>The goal of the campaign or promotion is to build awareness and inform consumers about a company and its product offerings</span>
In order to see if there is still increase in the sale compared with the money spent of campaign , Alonzo is evaluating the effectiveness of the plan. The evaluation of effectiveness is one of the 6 steps of the promotional campaign.

4 0

3 years ago

FitForLife Gym, a large U.S. based fitness center, receives royalty payments from WeWelness, a small Canadian company, for using

Andre45 [30]

Answer:

<em>Licensing </em>

Explanation:

Licensing <em>is a business agreement whereby one company gives authorization to another company to produce its product for a defined fee.</em>

Licensing allows you to immediately tap current manufacturing, marketing and distribution systems which may have been built by other companies for decades.

8 0

3 years ago

During 2019, Stephie worked full-time while her spouse, Tom, attended college for 8 months during the year. The couple has two c

lisabon 2012 [21]

The credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

<h3>What is the credit for child and dependent care expenses?</h3>

The credit for child and dependent care expenses claimable on the federal income tax return is $3,000 per child for 2019.

For two qualifying children, the maximum credit for child and dependent care expenses that the couple who are filing jointly can claim is $6,000 ($3,000 x 2).

Thus, the credit for child and dependent care expenses that Stephie and Tom can claim for 2019 is $6,000.

Learn more about the credit for child and dependent care expenses at brainly.com/question/15025351

#SPJ1

3 0

2 years ago