Answer:
enforceable because it has been expressly ratified by Melissa.
Explanation:
A contract is defined as a legally binding agreement between parties, and is enforceable on both parties involved. There is usually an offer and acceptance to make the contract valid and enforceable. It can involve exchange of goods and services, or future promise to exchange goods and services.
In this instance bMelinda agreed with Umberto that she will buy a car from him when she turns 18 years. The condition to the contract was Melinda turning 18 years.
She has ratified this condition so the contract is now enforceable.
A. Rent for a warehouse
Hope this helped. Good luck!
Answer:
option (A) -$500; decreases by $500
Explanation:
Data provided in the question:
Amount deposited = $1,000
Increase in credit card balance = $1,500
Now,
Deposit adds to assets whereas increase in credit card balances adds to liabilities
Therefore,
Savings = Deposits - Increase in credit card balances
= $1,000 - $1,500
= - $500
Here,
negative sign depicts the decrease in wealth
Hence,
The correct answer is option (A) -$500; decreases by $500
Answer:
the effective annual rate for Freda is 12.70%
Explanation:
<u>Freda investment</u>
500 shares x $ 35 each x 70% margin = 12,250
<u>Financing taken:</u>
500 shares x $ 35 each x 30% = 5,250
<u>Payment of the loan:</u>
principal x (1 + rate x time)
5,520 x ( 1 + (0.0475 + 0.02) x 8/12) = 5,483.67
<u>Holding return:</u>
(500 shares x 37.5 - 5,483.67)/12,250 - 1 = 0.0830
Then we calcualte the annual equivalent rate to the holding return:
effective rate = 12.70 percent
Answer:
b. showrooming
Explanation:
Showrooming is when a shopper visits a store to check out a product but then may eventually purchases the product online if there is a better deal.
This occurs because, while many people still prefer seeing and touching the merchandise they buy, many items are available at lower prices through online vendors. As such, local stores essentially become showrooms for online shoppers.
