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 realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. 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.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.

Sarah is shopping at Sylvia’s thrift store, and notices that the inside of the store needs repainting. Sarah offers to paint the store for $400. Sylvia does not respond to Sarah’s offer. Later that day, Sarah returns to the store with painting supplies in hand and begins painting the store. When Sarah is finished, she demands payment of $400 from Sylvia. Will Sylvia have to pay Sarah for painting the store?
A. Yes, Sylvia will have to pay Sarah for painting the store because silence is always an acceptance of an offer.
B. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
C. No, Sylvia will not have to pay Sarah for painting the store because silence can never be an acceptance of an offer.
D. No, Sylvia will not have to pay Sarah for painting the store because Sarah did not verbally agree to the contract.

The weekly Kroger advertisement states that five-pound chubs of ground chuck are available for eighty-nine cents per pound. Arlene sees the advertisement; she realizes that ground chuck has not been priced this low in quite some time, so she hurries to the store to purchase some. Arlene loads seven chubs of ground chuck in her shopping cart. When she goes to the checkout to pay, however, the cashier informs Arlene that the price in the advertisement is a typo and that the correct price is $1.89 per pound. Arlene insists that the store must honor the price listed in the advertisement, because it is an offer that she has just accepted. The cashier calls the store manager for a decision. The store manager will likely explain to Arlene:
A. that the advertisement is a valid offer because it is in writing.
B. that the advertisement is a valid offer, and the store must honor the price in the advertisement.
C. that advertisements are not offers, but merely a request for offers.
D. that the advertisement is a valid offer because its terms are definite.

Answers

Answer 1

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.

What is a business contract?

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.

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Related Questions

A 15-year bond is currently priced at $900 and pays a semi-annual coupon payment of 8%. The par value is $1,000. What is the yield to maturity

Answers

The yield to maturity of the bond given from the information will be 9.24%.

How to calculate the yield to maturity

From the information given, the following can be deduced:

Current price = $900Coupon payment = 8%Semi annual payment = 1000 × 0.4 = 40Number of periods = 15 × 2 = 30

The price at 5% will be:

= (40 × 15.37) + (1000 × 0.23)

= 846.27

Using 4%, the interpolation to calculate the value will be:

= 4 + [(1000 - 900)/(1000 - 846.27)] × 1

= 4.623%

Therefore, the yield to maturity will be:

= 4.623% × 2

= 9.24%

In conclusion, the yield to maturity is 9.24%.

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What is the correct ICD-10-CM code for Obstructive hydrocephalus ?

Answers

Answer:

G91.1

Explanation:

It is a billable code.Simply it's too specific as there are unique ICD codes.It can be used for reimbursement process at any cause.

I know I'm being annoying by asking questions but if you had a choice and your parents were close to death by falling of a mountain, who would you save your mom or your dad

Answers

Answer:

I would save the one who cares for you the most

Explanation:

because if a person you save and that's not nice or grateful the person  who you left falling was the one who cared

Answer:

who i would save is both of my parent because they were there when i need them and when they needed me so i would save them because they brought me in this world for a reason and i think that i would die over my parents and be there with them even if they are about to be on death bed

Explanation:


Calculate the slope and elasticity of demand using the following information:
Price: $7.99
Quantity: 3 units
Price drops to $4.99
Quantity goes up to 8 units
Show your work to get full credit.

Answers

Based on the price and quantity changes, the following are correct:

Slope is -0.6.Elasticity of demand is -4.44.

What is the slope of the above?

Slope can be found as:

= Change in price / Change in quantity

= (4.99 - 7.99) / (8 - 3)

= -0.6

What is the elasticity of demand?

This can be found as:

= Percentage change in quantity / percentage change in price

= ( (8 - 3) / 3) ÷ ( ( 4.99 - 7.99) / 7.99)

= -4.44

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Solve the following

Answers

Answer:

2x is equal to y is 15

Explanation:

therefore ox and oy is greater

Suppose a firm produces two products, X and Y. The firm earns revenues from X equal to $70,000 and revenues from Y equal to $60,000. The own price elasticity of demand for X is -1.5 and the cross-price elasticity of demand between X and Y is -0.80. If the firm decreases the price of product X by 1%, the change in total revenues will be ______________ $

Answers

Answer:830

Explanation:

simply follow the demand fomula and plug variables into desired location.

If the firm lowers the price of product x by 1%, the change in the total revenues will be $-34520

What is price elasticity of demand?

The degree to which a commodity's quantity desired is responsive to a change in its own price is known as own price elasticity of demand. For commodity x, this is stated as -1.5 in the question.

The level of responsiveness of the quantity required of the first commodity to a change in the price of the second commodity is known as the cross-price price elasticity of demand between any two commodities. This is specified in the question as -0.8 for the range of commodities x and y.

As per the given data, calculation is as follow:

ΔTR = [(rx * (1 + ex)) + (ry * cexy)] * Δpx ..................... (1)

ΔTR = Change in the total revenues = ?

rx = revenues from x =  $70,000

ex = own price elasticity of demand for x is = -1.5

ry = revenues from y = $60,000

cexy = cross price elasticity of demand between x and y = -0.8

Δp = Change in the price of product x = -1%

Substituting the values into equation (1):

ΔTR = [( 70,000 * (1 + (-1.5 ))) + (60,000 * (-0.8)] * (-1%)

ΔTR = (70000 * -0.5) + (60,000 * -0.8) * -0.01

ΔTR = -35,000 + (-48000)*-0.01

ΔTR = -35000+480

ΔTR = -34520

Therefore, if the firm lowers the price of product x by 1%, the change in the total revenues will be $-34520

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agricultural businesses in Uganda​

Answers

Answer:

Examples of agricultural businesses in Uganda are farming.

Explanation:

A farming company in Uganda is “One Orchid“


I hope this helps a bit! Have a great day!

Lilac~

Find the partial derivative of f(x, y) =x2y+sin x+cos y

Answers

Answer:

(x²y + cos y + y sin x)

Hope it helps!#CarryOnLearning

In Mali, the provinces were monitored by ________________.
a.
the king’s sons
c.
local rulers
b.
generals
d.
all of the above


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

B

Explanation:

Answer:

The Answer is B. Generals

Explanation:

Which is NOT an expense account?

Answers

Answer:

Interest is found in the income statement, but can also is the most common non-operating expense

Example

Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.

Bill wants to calculate the width of each interval by using the approximation formula. He first created a frequency distribution with 5 intervals. The minimum and maximum for the variable are -32.4 and 65.09 respectfully. Calculate the width of each interval for Bill.
A. 13.018
B. 6.480
C. 19.498
D. -19.498

Answers

Based on the maximum and minimum values, the width of each interval is C. 19.498.

What is the width of each interval?


This can be found by the formula:

= (Maximum value - Minimum value) / Number of intervals

Solving gives:

= (65.09 - (- 32.4)) / 5

= 97.49 / 5

= 19.498

In conclusion, option C is correct.

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3. In which type of economy would both private businesses and the government influence the factors of production, and why? (1 point)
territor

Answers

The type of economy in which both private businesses and the government influence the factors of production is:

Mixed economy.  The reason is to allow government maintain a level of control

What is a Mixed Economy?

This is a type of economic system which allows both private businesses and also the government to have an influence in the factors of production so that the government can regulate things.

With this in mind, we can see that mixed economies are useful because it does not give the government total control but allows private businesses to influence the market

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On December 1, 2021, Wolverine receives $3,600 cash from a company that is renting office space from Wolverine. The payment, representing rent for December and January, is credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year-end of December 31.

Answers

Answer: The adjusting entry is as follows:

Debit Deferred Revenue $1800

Credit Rent Revenue $1800

Explanation: In this scenario, it says that $3600 cash has been received for Dec and Jan. As of yet, the company has not yet earned the revenue.
On Dec 31, the company would have earned the revenue. Thus, we would debit deferred revenue and credit rent revenue of $1800, since 1/2 if that amount has been earned.

A wise mechanical engineering graduate began saving money for early retirement by depositing $1400 per month into a fixed rate account that pays 6% per year compounded semiannually. If she started saving 1 month after she started working, what is the expected value of the account at the end of 30 years

Answers

The expected value of the investment based on the information is $1369649

What is an expected value?

An expected value simply means the anticipated value for an investment in the future.

From the information given,

Interest, I = 6%/2 = 3%

Time, t = 30 × 2 = 60 semiannual period

Semiannual Deposit = 1400 × 6 = 8400.

FW of account = 8400 (F/A, 3%, 60)

= 1369649

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Gary and Lakesha were married on December 31 last year. They are now preparing their taxes for the April 15 deadline and are unsure of their filing status. Problem 4-46 Part-b (Static) b. Assume instead that Gary and Lakesha were married on January 1 of this year. What is their filing status for last year (neither has been married before and neither had any dependents last year)

Answers

a. Gary and Lakesha can either file as Married Filing Jointly or Married Filing Single.

b. Since Gary and Lakesha are married on January 1 of this year, they should file as Single.

What is a tax filing status?

The tax filing status defines the taxpayer's status in a tax year.  The tax filing status is used to determine the applicable rate of income tax.

The IRS rules recognize five filing statuses are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.

Thus, for a) Gary and Lakesha can file Married Filing Jointly or Married Filing Single but for b) Gary and Lakesha should file Single.

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Find the partial derivative of f(x, y) =x2y+sin x+cos y

Answers

Answer:

#CarryOnLearning

Hope it helps

Which strategy would help you save the most money?

Answers

Answer:

making a savings back acounnt or put half your money your saving into a piggy bank

Suppose Charlie has made great progress in planning to improve the security program at the company. After many weeks of planning and careful implementation, a formal plan is ready for presentation to the Board of Directors. Gladys asks Charlie to prepare a written report and a presentation for Gladys to give to the Board. Gladys edits the presentation to make it seem that she prepared the work herself with Fred's assistance, but without any mention of Charlie's contributions. Is Gladys acting ethically

Answers

Due to the fact that Gladys has taken the presentation made without mentioning the contributors, she is not acting ethically.

What is ethics?

This is used to refer to the guidelines that seeks to guide the behavior of people. The ethics are used in organizations to modify behavior.

What is required of Gladys is to make sure that all the contributors to the work are well acknowledged for the input they made.

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What is an IPO and how does it work?

What is the S&P 500 and how does it work?

What is the NYSE and how does it work?

What is the Nasdaq and how does it work?

Answers

Answer:

1.  An initial public offering (IPO) is when a private company becomes public by selling its shares on a stock exchange.

2.  The S&P 500 is a stock market index that tracks the stocks of 500 large-cap U.S. companies.

3.  The NYSE provides a location where its members can trade stock in listed companies.

4.  The Nasdaq is the second-largest stock exchange in the world. It became the first electronic stock exchange in 1971.

Explanation:

THANKYOU (*.*)

During the gap analysis, the entrepreneur should be concerned with the hours of operation, the time you can dedicate to this new venture, and other commitments you have made. True False

Answers

The statement above about gap analysis is: True.

What is Gap Analysis?

Gap Analysis is a measurement that an entrepreneur makes when he compares his present performance with that which he desires to achieve.

He evaluates the time money and resources spent on projects to know if they are fully optimized.

So, the statement above is right.

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Financial planning involves building wealth in a short period of time
True
False

Answers

Answer:

I think its true, have an amazing day :D

Explanation:

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