Oral contracts for real property are generally not enforceable.
True
False
Sixteen year old Marsha signs a written contract for the purchase of a car from Joss Motors of La Grande for $3500. She uses the car to drive back and forth to her job at Burger Bell in Pendleton. A year after the purchase, the car's engine blows up. Marsha calls up Joss Motors and tells them to send her money back. She decided she does not want the car. Joss refuses and Marsha sues to rescind the contract. A court will most likely:
A. Enforce the contract because Marsha impliedly ratified the contract by driving the car for a year.
B. Enforce the contract if Marsha looked 18 at the time she entered into the contract.
C. Not enforce the contract because Marsha can disaffirm her contractual obligations.
D. Not enforce the contract because it violated the Statute of Frauds.
Answers
Oral contracts for real property are generally not enforceable.
True
In the case of Marsha's car purchase contract, the court will most likely:
C. Not enforce the contract because Marsha can disaffirm her contractual obligations.
Since Marsha is sixteen years old, she is considered a minor and has the right to disaffirm (cancel) the contract. Minors generally have the ability to void their contracts and are protected by the law. In this situation, Marsha has decided she does not want the car and wants to rescind the contract. The court is likely to honor her right to disaffirm the contract and would not enforce it against her.
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Related Questions
it is personality factor which means doing things even before being told
Answers
Answer:
Initiative.
Explanation:
Initiative is a personality factor which means doing things even before being told.
This ultimately implies that, an initiative refers to the ability of an individual to act by himself or herself without getting any instruction from anybody.
Initiative connotes the personality factor that influences an individual to perform an action or task without being told, urged, compelled or forced to do so.
When you type in sustainable travel, the website for g adventures appears first in the list. This is an example of.
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When you type in sustainable travel, the website for g adventures appears first in the list. This is an example of search engine optimization.
What is search engine optimization?To increase a website's visibility when users search for goods or services, a technique called search engine optimization is used which helps in boosting the credibility of information.
Search engines frequently view websites that perform well on search engine results pages as being of high caliber and reliability and help websites to improve in search by adding a relevant keyword.
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Which accounting concept is used in each of the following accounting treatment?
The cost of a tape dispenser has been charged to an expense account, although in fact it could still be in use in ten years’ time.
A sole proprietor has sold his private house, but has not recorded anything about it in the business records.
A debt has been written off as a bad debt even though there is still a chance that the debtor eventually may be able to pay it.
A machine has been bought for an exceedingly low figure,and it has been entered in the asset account at that figure even though it is worth more.
A motor van broke down in December , 2017. The repair bill for it was not until 2018 yet it has been treated as a 2017 expense.
Answers
The accounting concepts that provide guidance for recording the following business events are as follows. The business transactions are numbered from (a) to (e) below:
1) Materiality Concept is applied because the impact of the cost of the tape dispenser being "expensed" is not significant on the reader of the financial statement.
2) Entity Concept requires separation between the finances of the owner from the finances of the business. The business is a separate economic unit distinct from the sole proprietor.
3) Prudence Concept demands that expenses (like the bad debt written off) and liabilities are not underestimated and revenues and assets should not be overestimated.
4) Historical Cost Concept: Generally accepted accounting principles require the initial recognition of an asset at its purchase cost and not fair value.
5) Accrual Concept and Matching Principle: The accrual concept requires that expenses that have been incurred for a period should be accounted for in that period, whether cash payment is made or not. The matching principle states that expenses (Van Repair Expense) should be matched to the revenue that they generate.
Thus, accounting concepts are the basic assumptions, rule, and principles for recording business transactions and events and preparing accounts and financial statements.
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For the following set of cash flows, Year Cash Flow
0 -$8,800
1 4,400
2 4,500
3 6,600
(a) What is the NPV at a discount rate of 0 percent? (b) What is the NPV at a discount rate of 15 percent? (c) What is the NPV at a discount rate of 25 percent? (d) What is the NPV at a discount rate of 30 percent?
Answers
NPV (Net Present Value) at a discount rate of: a) 0 percent is $6,700 b) 15 percent is $2,464.33 c) 25 percent is $995.84 d) 30 percent is $308.65.
The formula to calculate the Net Present Value is: NPV = ∑ CFt / (1+i)t, where,CF = cash flow, i = discount rate, and t = number of years.
(a) The NPV at a discount rate of 0 percent can be calculated by simply adding all cash flows together, as there is no discounting involved. NPV = -8,800 + 4,400 + 4,500 + 6,600 = 6,700.
(b) To calculate the NPV at a discount rate of 15 percent, use the formula NPV = \(CF0 + CF1/(1+r)^1 + CF2/(1+r)^2 + CF3/(1+r)^3\), where r is the discount rate, and CFn is the cash flow for each year. NPV = -8,800 + 4,400/(1+0.15)^1 + 4,500/(1+0.15)^2 + 6,600/(1+0.15)^3 = -8,800 + 3,826.09 + 3,404.88 + 4,033.36 = 2,464.33.
(c) Calculate the NPV at a discount rate of 25 percent using the same formula. NPV = \(-8,800 + 4,400/(1+0.25)^1 + 4,500/(1+0.25)^2 + 6,600/(1+0.25)^3\) = -8,800 + 3,520 + 2,880 + 3,395.84 = 995.84.
(d) Finally, calculate the NPV at a discount rate of 30 percent. NPV = \(-8,800 + 4,400/(1+0.30)^1 + 4,500/(1+0.30)^2 + 6,600/(1+0.30)^3\) = -8,800 + 3,384.62 + 2,656.94 + 3,067.09 = 308.65.
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which of the following statements about u.s. small businesses is not true? question 4select one: american smes provide workplaces for 30 million people. smes provide two thirds of new private sector jobs in the u.s. there are around 30 million smes in the united states. around 300 thousand american smes export goods and services in foreign markets.
Answers
The statement that is not true is "around 300 thousand American SMEs export goods and services in foreign markets."
This number is actually much higher, with over 300,000 SMEs exporting in 2018 alone, according to the Small Business Administration.
Based on the information provided, the statement that is NOT true about U.S. small businesses is: "Around 300 thousand American SMEs export goods and services in foreign markets." In reality, the number of small and medium-sized enterprises (SMEs) engaged in exporting is significantly lower, with only about 300,000 SMEs participating in the global market. The other statements are accurate in terms of the role and impact of SMEs on the U.S. economy.
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the philosophy of top corporate executives exercises great influence on a firm’s stance on unionization. (True or False
Answers
The statement "the philosophy of top corporate executives exercises great influence on a firm's stance on unionization" is True because their personal beliefs and values can influence the firm's overall approach towards labor relations and collective bargaining.
Top corporate executives play a significant role in shaping a company's policies and strategies, including their stance on unionization.
The philosophy and beliefs of top corporate executives can greatly impact a company's attitude towards unionization. Executives who prioritize profit over employee well-being may be more likely to oppose unionization, while those who value worker empowerment and fair treatment may be more open to it. Ultimately, the stance on unionization is a reflection of the company's overall values and priorities, which are shaped by its leadership.
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you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go
Answers
Answer:
GG
Explanation:
GG
Answer:
Yay I finally got to say something! Hi I hope you have had a good day! :) I would love to be brainliest because I never have been :')
Which career pathways involve high risk due to exposure to dangers?
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Answers
Answer:
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
Explanation:
The career pathways that involve high risk due to exposure to dangers is :
A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
"Career Pathways"The career pathways that involve high risk due to exposure to dangers is:
Firefighters in the Emergency
Firefighters too give an critical part in teaching the open with respect to fire and security.
Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.
Fire Management pathway
Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.
Crisis administration executives ordinarily require a bachelor's degree
Correctional Officers in the Corrections pathway
Corrections officers may do a few or all of the taking after:
supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.
Detention Officers in the Law Enforcement pathway.
A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.
A Career Pathway traces the positions, compensation, and preparing required to development in an industry.
Thus, the correct answer is A.
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Neolithic people practiced metallurgy.
How did the advancement in technology. Benefit. Early humans
Answers
Answer:
the answer is D
Explanation:
Answer:
D. Metal was used to make stronger items that lasted longer
Explanation:
Did it on Edg.2020
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Mandated deductions are NOT influenced by which of the following?
Marital status
Income level
Exemptions
Age
Answers
Answer:Age
Explanation:
Mandated deductions are NOT influenced by age factor as its qualification.
What are Mandated deductions?The mandated tax deduction is a certain amount of money that employers is required to hold back from employees' gross income as per law rules. Social Security and Medicare taxes are the most common example of mandated deductions.
Therefore, single and marital status along with income level is considered for deduction purposes.
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What role do ethics play in using technology in market research?
Answers
Answer:
The importance of ethics in marketing research doesn’t just apply to the way participants are treated but market research methods as well. Companies today have more access to customer data than ever before and this amount of access can easily lead to deceptive practices.
Explanation:
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUA new equipment requires an investment of $130,000 to generate an income of $20,000 for the first 3 years, thereafter, increasing by $10,000 for the remaining life of 10 years. To recover the investment under a no-return payback condition it will take:
Answers
To recover the investment under a no-return payback condition, it will take 6 years.
The payback period is a financial metric used to determine how long it takes to recover the initial investment in a project or equipment. In this case, the investment for the new equipment is $130,000, and the income generated is $20,000 for the first 3 years, increasing by $10,000 for the remaining 10 years.
To calculate the payback period, we need to determine when the total cumulative income equals or exceeds the initial investment. For the first 3 years, the total income generated would be $20,000 per year, resulting in a cumulative income of $60,000. We subtract this from the initial investment of $130,000, leaving a remaining amount of $70,000.
Since the income increases by $10,000 per year for the remaining 10 years, it will take an additional 7 years to accumulate $70,000. Therefore, the total payback period would be 3 years + 7 years = 10 years.
However, since we are looking for the payback period under a no-return condition, where no income is generated after recovering the investment, we subtract the additional 7 years from the total payback period. Hence, the final payback period under a no-return condition is 10 years - 7 years = 6 years.
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Which profession do you prefer ro choose for your career?Engineer or Architect? Why?
Answers
Answer:
Architects
Explanation:
In my opinion,
Architects create new design concepts that push how modern day construction is executed.Architecture is one of the few professions that is never static.” Recently, architects have become more and more concerned with environmental and socially responsible building practices and materials.The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except:
Multiple Choice
All of these are allowed deductions under the TCJA
Casualty losses on personal use assets in a Presidentially-Declared Disaster Area.
Unreimbursed employee business expenses.
Penalties for the early withdrawal of savings.
Gambling losses
Answers
The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except: Unreimbursed employee business expenses. The correct option is C.
The Trump tax changes, also known as the TCJA, allows deductions for various expenses related to personal finances and investments. The deductions can either be for or from the AGI (Adjusted Gross Income) and include expenses like medical expenses, charitable donations, mortgage interest, and state and local taxes.
However, unreimbursed employee business expenses, which were previously allowed as itemized deductions, are no longer deductible under the TCJA.
This means that employees who pay for work-related expenses, such as travel or equipment, are no longer able to claim them on their tax returns. It's important to note that this change only affects employees and not self-employed individuals who can still deduct business expenses as usual.
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Complete question:
The Trump tax changes (i.e., the TCJA) allows deductions (either as a FOR or FROM AGI Deduction) for all of the following except:
A. All of these are allowed deductions under the TCJA
B. Casualty losses on personal use assets in a Presidentially-Declared Disaster Area.
C. Unreimbursed employee business expenses.
D. Penalties for the early withdrawal of savings.
E. Gambling losses
Aw sh~ here we go again.....
Answers
Answer:
Explanation: Yessssss..
Which of the following bodies enforces accounting and auditing rules and procedures?Securities and Exchange Commissionthe process of reducing the value of fixed assets over timeoperating activities, investing activities, financing activitiesmaximizing the value of a company's intangible assets
Answers
The Securities and Exchange Commission (SEC) is the regulatory body responsible for enforcing accounting and auditing rules and procedures.
The Securities and Exchange Commission (SEC) is a government agency in the United States that oversees the securities industry and protects investors. One of the key roles of the SEC is to enforce accounting and auditing rules and procedures. This includes ensuring that companies accurately report their financial information, comply with accounting standards, and undergo regular audits by independent auditors. The SEC plays a crucial role in maintaining transparency and integrity in financial reporting, which in turn helps to instill confidence in the financial markets and protect investors' interests.
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On October 31, 20X5, West Company received a condemnation award of $450,000 as compensation for the forced sale of a warehouse. On this date the warehouse, including the land on which it was situated, had a book value of $275,000. During December 20X5, West purchased a parcel of land for a new warehouse site at a cost of $125,000. West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of
Answers
Answer:
$175,000
Explanation:
Calculation to determine West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of
Using this formula
Gain on condemnation=Compensation for the forced sale-Book value
Let plug in the formula
Gain on condemnation=$450,000-$275,000
Gain on condemnation=$175,000
Therefore what should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of $175,000
If you use a student loan to pay for college and drop out, the student loan:
a) disappears because you did not finish college
b) become proportional to how long you stayed in school
c) doubles
d) stays the same. you have to pay the loan whether or not you finish school
Answers
option D, "stays the same. you have to pay the loan whether or not you finish school" is the correct answer.
Why is it?
You use a student loan to pay for college and drop out, you are still responsible for repaying the loan regardless of whether or not you finished school.
The loan does not disappear, nor does it become proportional to how long you stayed in school or double. When you take out a student loan, you sign a loan agreement with the lender that specifies the terms of the loan, including the repayment terms.
Dropping out of college does not change the terms of the agreement, and you are still obligated to repay the full amount of the loan, plus any accrued interest.
Therefore, it is important to consider the financial implications of taking out a student loan and to have a plan for repayment, even if you do not complete your degree.
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Personal finance please help me thank youu
Answers
Personal finance is the management of an individual's financial resources. It involves making informed decisions about earning, spending, saving, investing, and managing debt. Proper management of personal finances is essential for achieving financial goals and avoiding financial stress.
The first step in managing personal finances is creating a budget. A budget helps individuals to track their expenses and income and ensure that they are spending within their means. It is essential to prioritize expenses and allocate resources accordingly. This involves distinguishing between needs and wants and making necessary adjustments. Savings are a crucial aspect of personal finance. Individuals should aim to save at least 10% of their income to build an emergency fund and save for long-term goals.
Saving requires discipline and consistency, and it is essential to develop a savings plan that is achievable. Investing is another critical aspect of personal finance. Investing helps individuals to grow their wealth and prepare for future financial needs. It is crucial to research investment options and diversify investment portfolios to minimize risks. Managing debt is also essential for personal finance. Individuals should aim to minimize debt and pay off high-interest debts first. It is important to avoid accumulating unnecessary debt, such as credit card debt, which can quickly spiral out of control.
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if the planned sales for the month are $70,000, the merchandise budget calls for a planned stock-to-sales ratio of 2.3, and the financial leverage is 1.1, then the planned bom inventory should be:
Answers
If the planned sales for the month are $70,000, the merchandise budget calls for a planned stock-to-sales ratio of 2.3, and the financial leverage is 1.1, then the planned bomb inventory should be $161,000.
Finance is the take look at and the subject of money, forex, and capital property. It's far related to, but now not synonymous with economics, the examination of manufacturing, distribution, and intake of cash, assets, goods, and services (the field of monetary economics bridges the 2).
Finance activities take region in economic structures at diverse scopes, for this reason, the field may be roughly divided into the private, company, and public finance. In an economic system, assets are offered, bought, or traded as economic gadgets, which include currencies, loans, bonds, shares, stocks, options, futures, and many others. Property can also be banked, invested, and insured to maximize price and minimize loss. In exercise, dangers are always found in any financial motion and entities.
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What's a curling iron?
Answers
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answers
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
Nickleson Company had an unadjusted cash balance of $5,505 as of May 31. The company's bank statement also dated May 31, included an NSF check in the amount of $90 written by one of Nickleson's customers.There were $883 in outstanding checks and S240 in deposits in transit as of May 31.According to the bank statement,service charges were $90,and the bank collected a note receivable of $1,050 for Nickleson.The bank statement also showed $20 of interest revenue earned by Nickleson Required Determine the true cash balance as of May 31.Hint It is not necessary to use all of the preceding items to determine the true balance) irus.caishbolsnce
Answers
To determine the true cash balance of Nickleson Company as of May 31, we need to consider the following:
1. Start with the unadjusted cash balance: $5,505.
2. Deduct the NSF (Non-Sufficient Funds) check written by a customer: -$90.
3. Subtract the outstanding checks: -$883.
4. Add the deposits in transit: +$240.
Now let's calculate the true cash balance:
Unadjusted cash balance: $5,505
- NSF check: -$90
- Outstanding checks: -$883
+ Deposits in transit: +$240
Calculation:
$5,505 - $90 - $883 + $240 = $4,772
Therefore, the true cash balance of Nickleson Company as of May 31 is $4,772.
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consideran que las costumbres y tradiciones deben mantenerse ala nueva generación
Answers
Answer:
Efectivamente, considero que las costumbres y tradiciones deben mantenerse en las nuevas generaciones, pues forman parte de la idiosincrasia y la identidad de un pueblo, sociedad o nación. De esta manera, a través del mantenimiento de estas costumbres y tradiciones, las nuevas generaciones seguirán sintiendo una especial pertenencia a su patria, y mantendrán un vínculo que los ligará con esta y con sus compatriotas, puesto que las costumbres y tradiciones son parte esencial de la identidad de una nación.
Which one would be correct I’m to lazy to think :)
Answers
an increase in a firm’s order cycle time may cause it to lose customers. (True or False)
Answers
True. A firm's order cycle time refers to the amount of time it takes to fulfill an order from the time it is received to the time it is delivered to the customer. If the order cycle time increases, it may lead to delays in delivery and customer dissatisfaction.
Customers may choose to switch to a competitor who can provide faster order fulfillment and delivery, resulting in the loss of customers for the firm. Therefore, it is essential for a firm to keep its order cycle time as short as possible to ensure customer satisfaction and retention. An increase in a firm's order cycle time may cause it to lose customers. The order cycle time is the time it takes from when a customer places an order until they receive their goods.
If this time increases, customers may become dissatisfied and choose to purchase from competitors with faster order cycle times. To maintain customer satisfaction and prevent losing customers, it's important for a firm to keep its order cycle time as short as possible.
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Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
an advertising schedule based on flighting alternates periods of advertising with periods of no advertising. t or f
Answers
True, a flighting advertising schedule alternates periods of advertising with periods of no advertising. This approach helps to balance costs and maintain consumer interest.
An advertising schedule based on "flighting" alternates periods of advertising with periods of no advertising. This type of schedule is commonly used in situations where a company wants to concentrate its advertising efforts during specific periods of time, such as during the launch of a new product or in response to a seasonal sales cycle. By "flighting" its advertising, the company can potentially increase the impact of its message by creating a sense of urgency or anticipation among its target audience. However, it also means that the company's message will not be consistently present in the marketplace throughout the year.
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True. An advertising schedule based on flighting alternates periods of advertising with periods of no advertising.
This approach is commonly used to save costs and maximize the impact of the advertising campaign by targeting specific periods when the audience is most receptive to the message.
What is advertising?Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention of consumers.
There are three types of advertising schedules:
Continuity – Advertise throughout the year and evenly throughout the year.
Flighting – Advertise only during some months of the year.
Pulsing – It is a mix of both continuity and flighting, where you have a base amount of activity and you increase the media activity during some periods.
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according to the supporters of globalization, falling barriers to international investment multiple choice question. restrict the formation of an integrated and interdependent global economy. will lower the incomes of consumers. help to create employment opportunities in countries that participate in the global trading system. will significantly raise the prices for goods and services.
Answers
Option C is correct. According to the supporters of globalization, falling barriers to international investment will help to create employment opportunities in countries that participate in the global trading system.
What is employment opportunities?Employment opportunities refer to the potential for individuals to find and secure paid work. Globalization can lead to the creation of employment opportunities in a number of ways. For example, as barriers to international investment fall, companies may be more likely to invest in and open operations in other countries. This can lead to the creation of jobs in those countries, both directly within the companies themselves and indirectly through the support services that are required to sustain the operations of the companies. Additionally, as trade barriers fall and countries are able to access new markets, industries and businesses may expand, leading to increased job opportunities.
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