1. Cedric enters into a contract with Claudia to buy her house for $150,000. Claudia decides later not to sell

Jerry knows that Lucy has coveted his classic car for quite some time. Finally willing to sell it, he sends a letter to Lucy off

Whitepunk [10]

Answer:

Explanation:

Despite the fact that it seems jerry can easily take a bow of the discussion with Lucy and forge ahead in selling the car to Roberta, he had certain restrictions that he should respect. Accepting $100 from Lucy, Jerry entered into what we know as an “Option” contract, giving an option to Lucy to buy the car in the next two weeks.

Irrespective of Lucy’s financial status, jerry should respect the contract that he has entered into. As a back-up, he can hold discussions with Roberta and can request her to wait for 2 weeks when the option period expires and he can sell the car to her at an outright payment

6 0

3 years ago

The tables below show the spending and revenue for Littleland in 2010. Use these tables to answer the following questions.

grandymaker [24]

Answer:

Explanation:

The total Expenditure is the summation of all the following parameters ( Spending on Education, Spending on Welfare and social security, Spending on Healthcare, Spending on Defense, Payments on Debt, Other Spending)

The total Expenditure = $(320+890+270+120+170+240) million

The total Expenditure = $2010 million

However;

The total Revenue = Income Tax+ Sales Tax+ Corporate Tax+ Social Insurance

The total Revenue = $(800+270+300+340) million

The total Revenue = $1710 million

The debt now will be the difference between the total expenditure and the total revenue.

Debt = $(2010-1710) million

Debt = $300 million

Therefore, Littleland needs to borrow $300 million

At the end of 2010, the total debt = Total debt of 2009 + amount borrowed in 2010

Total debt of 2009 = $ 3.5 billion

amount borrowed in 2010 = $0.3 billion

At the end of 2010, the total debt = $(3.5+0.3) billion

At the end of 2010, the total debt = $3.8 billion

Therefore; the Debt to GDP ratio in 2010 = 3.8/7.3 = 52.05%

The Debt to GDP ratio in 2010 = 52.05%

To the nearest whole percentage ≅ 52%

6 0

3 years ago

Mike, a research analyst, is in the analysis phase of a project, the goal of which is the development of smile shutter technolog

tangare [24]

Answer: c. Requirements analysis

Explanation:

Requirements analysis deals with tasks that determine conditions to meet during a new project taking into consideration requirements that would be conflicting. This analysis is vital to the success or failure of the system. Mike carries out a requirement analysis by checking all the items that would determine the success of the project which if neglected would read to project failure.

4 0

3 years ago

When using capital rationing, unfunded proposals a.are discarded for purposes of decision making for all future plans. b.are alw

VikaD [51]

Answer:

Correct Answer:

a. are discarded for purposes of decision making for all future plans.

Explanation:

In business organization, there will be situations where there will be need to ration the capital used in the business for effective running of the business. <em>When there is an ongoing project, the project expenses would be rationed in such a way that, relevant ones would receive attention from the megre capital fund while unfunded proposal would be discarded.</em>

6 0

4 years ago

What will you be least likely to be responsible of as part of the accounting team of your organization? A. reconciling accounts

riadik2000 [5.3K]

Accounting is <em>a field that is concerned with the processing, measuring, and communicating of financial information of a company.</em> If you worked in an accounting department, you would most definitely have to reconcile accounts, prepare financial statements, monitor accounting activities, and prepare an investment schedule for the organization.

You will not, however, be expected to (D) develop marketing and advertising strategies. This type of task is usually assigned to the marketing department of a company.

5 0

3 years ago