Answer:
Oral Employment Contract
We shall assume that Schwartz Inc. changed its mind some period before the May 2021 Johnny's graduation date.
We can argue that the contract is voidable by Schwartz because it was an oral contract. The protections accorded a written contract are missing. And the conditions for voiding the contract are not clearly enumerated as in a written contract.
The contract duration favors Johnny more than Schartz, Inc. because it is for a year and no more.
Therefore, since the employment contract is for a year, it is legally enforceable by Johnny.
Explanation:
But if Schwartz were to void the contract in May 2021 when no opportunity would be given to Johnny to enter into another contract immediately, we could conclude that to void the contract was unconscionable. Contracts are not voidable with a change of mind, most especially if the other party would suffer some damages as result. Contracts require legal reasons for voiding them.
Answer:
The lum-sum must equal $5,369,009.59
Explanation:
Giving the following information:
First option:
Annual payment= $420,000
Number of periods= 25 years
Interest rate= 6%
<u>First, we need to calculate the future value of the first option using the following formula:</u>
<u></u>
<u>FV= {A*[(1+i)^n-1]}/i</u>
A= annual deposit
FV= {420,000*[(1.06^25) - 1]} / 0.06
FV= $23,043,095.04
<u>Now, to determine the lump-sum to receive today, we need to determine the present worth of the annuity:</u>
PV= FV / (1 + i)^n
PV= 23,043,095.04 / (1.06^25)
PV= $5,369,009.59
Answer:
The statement that best describes the bid-ask spread is...
A. The difference between the price at which a dealer is willing to buy a security and the price at which a dealer is willing to sell it .
Explanation:
<em>The bid-ask spread is best explained as the difference between the bidding price and the asking price. </em>
<em>Let’s say that I’m looking to buy a security at the bidding price of $10 and the asking price is $10.50 if I it’s me that wants the security immediately, I'm going to have to pay the asking price not the bidding price, on the other hand if it’s the dealer who wants to sell instantly and immediately they're going to have to be paying the bidding price. The bid-ask spread of that basically is the 50 cent difference. </em>
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Answer:
1
Explanation:
Income elasticity is how the quantity demanded of a product changes due to a change in the income of an individual.
The formula for calculating Income elasticity of demand is, percentage change in quantity demanded divided by the percentage change in income.
Here the income of Arista increases but the price of gizmos remains the same, that is why the 10% now will be more than what it used to be before the increase in income.
Hope this helps. Good luck.
Answer:
The correct answer is (B)
Explanation:
Economists are helpful to predict future economic and financial phenomenon’s. In that regard, statistical or mathematical models are considered more appropriate and it is said that they provide better results. In the above scenario, Syd is attempting to construct an economic model for that, the suitable technique to examine the cause and effect to predict the outcomes are mathematical functions. The reason is that mathematical models are more appropriate to predicts cause and effect.
