Ruby, a seventeen-year-old, purchases a car from Smitz Used Auto Sales and agrees to pay for it over a period of twenty-four months. Ruby makes the payments for four months but then decides the car payment is too much for her limited budget. Ruby tells Smitz that she wants to stop making payments and that she wants out of the contract completely. The contract between Ruby and Smitz can be canceled by:

Answers

Answer 1

Answer:

Ruby

Explanation:

Because she is a minor, but Ruby must return the car.

Answer 2

The contract between  Ruby and Smitz can be canceled by Ruby. Because she is a minor, but Ruby must return the car on cancellation of the contract.

What is a contract?

A contract is an agreement that specifies certain legally binding rights and responsibilities for two or more mutually agreeing parties. A contract usually includes the exchange of goods, services, or money, or the promise to exchange any of these at a later date.

If a contract is breached, the injured party may pursue judicial remedies such as damages or rescission. A treaty is a legally binding arrangement between parties in international law.  When a party to a contract fails to fulfil its obligation(s), whether partly or entirely, as specified in the contract, or conveys an intent to fail the obligation, or otherwise appears unable to perform its obligation under the contract, this is referred to as a breach.

Therefore, in this case as Ruby is a minor she must return the car when the contract between Ruby and Smitz will be canceled.

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Related Questions

hen calculating the cost of direct materials on the schedule of cost of goods manufactured, the cost of indirect materials is ______. Multiple choice question. subtracted from beginning Raw materials inventory added to raw materials used in production added to beginning Raw materials inventory subtracted from raw materials used in production

Answers

It should be noted that When calculating the cost of direct materials on the Schedule of Costs of Goods Manufactured,

The  cost of indirect materials must be Subtracted from raw materials used in production.

What are Direct material costs ?

Direct material costs  can be regarded as those cost of the raw materials as well as those components used in making the product.

Therefore, the cost of indirect material is required to be Subtracted from raw materials used in production.

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Answer: subtracted from raw material used in production

Explanation:

What’s one category you wish fewer taxes were spent on ? why? 2.what’s one category you wish more taxes were spent on? why?

Answers

Answer:

FIREfighter. works for good

Explanation:

Discretionary fiscal policy may fail to stabilize the economy or may even make the economy less stable because of:

Answers

Answer:lags in deciding and implementating a policy change

Explanation:

source: trust me bro

In 2022, Cooke Corporation had cash receipts of $46,000 and cash disbursements of $22,000. Cooke's ending cash balance at December 31, 2022, was $78,000. What was Cooke's beginning cash balance

Answers

Answer:

54,000,000

Explanation:

Straight to the point

What was the ending balance?

A.) $597.35

B.)$715.26

C.)$751.58

D.)$880.88

Answers

Answer:

C

Explanation:

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If you saw an advertisement for an electric car that boasted 500 miles between battery charges, what form of non-price competition would that be?.

Answers

Non-price competition is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship. Consequently, the answer is:

advertisement- physical characteristics

Advertising

The most common or basic form of non-price competition is advertising. Non-price competition in economics consists of expenditures that are promotional such as sales promotion, coupons, advertising, and others. It also consists of the development of the new products, marketing research, and costs of brand management.

Therefore, the correct answer is given above.

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Social considerations beyond GDP are important, but they are difficult to quantify and they do involve __________value judgments.

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Answer:

Snow fell from 6:30 a.m. to 11:00 a.m, accumulating at a constant rate. At 8:00 a.m., the snow was 8 inches deep. By 11:00 a.m., it was 20 inches deep.

How much snow fell each hour?

inches

How much snow was already on the ground at 6:30 a.m.?

Explanation:

An organization's approach to reuse must be matched to its: objectives. strategic business goals. staffing. budget. business process.

Answers

It should be noted that an organization's approach to reuse must be matched to its strategic business goals.

What is strategic business goals?

This are goals that is been set by the organization so that the organization can achieve their task.

Strategic goal can as well be regarded as long-term objective for a business,this is because it addresses long term challenge rather than a short-term tactic.

With theses strategies the business can improve the way it operates.

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If a tax is levied on the sellers of a product, then the demand curve will:.

Answers

Answer:

increase, shift upwards

Explanation:

more customers will buy

Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow had an NOL carryover of $90,000 to 2020. How much tax will Willow Corp. pay in 2020, what is its NOL carryover to 2021, and when will the NOL expire under the following assumptions?
a. $50,000 of the NOL was generated in 2016 and $40,000 of the NOL was generated in 2017.
b. $50,000 of the NOL was generated in 2018 and $40,000 was generated in 2019. Assume that Willow elects to forgo the carryback period on all NOLs eligible for carryback.

Answers

Willow Corp NOL carryover to 2021 (year 4) is $10,000

How to calculate Willow Corp NOL carryover to year 4

Year 3 income = $100,000

Carry forward losses:

Year 1 = $50,000Year 2 = $40,000

Total carry forward losses = $50,000 + $40,000

= $90,000

Eligible carry forward loss = $100,000 × 80%

= $100,000 × 0.8

= $80,000

Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%

= $20,000 × 21%

= 20,000 × 0.21

= $4,200

Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss

= $90,000 - $80,000

= $10,000

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After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is Group of answer choices evaluating each of the relevant market segments. analyzing the interaction between segmentation variables. selecting the specific target markets. developing market segment profiles. reviewing the appropriate marketing strategy.

Answers

After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.  

How to determine the segmentation of variables

Segmentation of variables is defined as the characteristics of people that are used to determine their similarity.

Some of the important steps needed for the target market are:

Step 1: Identification of the appropriate targeting strategy.Step 2: Determination of  the segmentation Variables to Use.  Step 3: Development of market Segment Profiles.  Step 4: Evaluation of the relevant Market Segments.  Step 5: Selection of the specific Target Markets.

Based on the listed test, we can conclude that after an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.  

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A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed costs of $35,000. If 10,000 units are sold, net operating income will be $_______.

Answers

The net operating income on a product sold for $10 per unit is $5,000.

What is the net operating income?

Net operating income(NOI) is the profit margin of an income-producing asset before any financing or tax charges are factored in.

The net operating income is computed by Subtracting all operational expenditures from all money collected on a property.

Mathematically;

NOI = ($10 - $6) × 10,000 - $35,000

NOI = $5,000.

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Herzberg studied job-related factors as they relate to.

Answers

The main factor which Herzberg studied uh job related factors was their relationship to motivation.

What is Motivation?

This refers to the factors which spurs on a person to behave in a certain way or perform certain tasks.

With this in mind, we can see that Herzberg was an expert in motivation and their effect on people and he evaluated job related factors.

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Why do you feel we should choose to hire you over other candidates?*
1

Answers

Answer:

Because you have a unique skill that they will need.

Explanation:

The strategic target of a best-cost provider is:____________
a) extremely price-conscious buyers in a lower market range.
b) value-conscious buyers in a high-end market range.
c) value-conscious buyers in a middle-market range.
d) value-conscious buyers in a lower market range.
e) a narrow market niche where buyers' needs and preferences are distinctively different.

Answers

It should be noted that the strategic target of a best-cost provider is c) value-conscious buyers in a middle-market range.

What is best-cost strategy all about?

A best-cost strategy  can be regarded as one where there is an offering of customers a better value for money and this done by pay attention on low cost and upscale difference.

The purpose of  best-cost strategy is to keep costs and prices lower.

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Declan plans to open up three Pizza Pals franchises in the greater Phoenix area. He tells you that he plans to negotiate with the franchisor to get rid of the giant Preston the Pizza that sits on the roof of all Pizza Pal restaurants. Declan is likely to learn that

Answers

Declan is likely to learn that it is nonnegotiable due to company rules.

What is franchises?

Franchises can be defined as the right given to a person by franchisor to sell a product using the franchisor brand name or trademark.

Based on the given scenario Declan cannot negotiate with the franchisor who is the person the original owner of the business to get rid of the giant Preston because  it is nonnegotiable due to company rules.

Inconclusion Declan is likely to learn that it is nonnegotiable due to company rules.

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Over the next few years, many organization will be collecting vast amounts of data on their employees ranging from engagement to

Answers

Over the next few years, many organizations will be collecting vast amounts of data on their employees ranging from engagement to well-being.

How is Big Data Collected?

Much of the big data that employees, persons, organizations generate come from three major sources:

Machine DataTransactional DataSocial Data

Data collection and analysis provide insights that are useful for strategic decision-making. This is why organizations are looking to collect and analyze them.

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The CEO of Whole Foods Markets is John Mackey. It has a set of quirky management rules that makes Whole Foods an odd but effective workplace. Every store is divided into about eight functional teams: An employee is hired provisionally to a store team. After four weeks of work, the team votes whether to hire him or her; a two-thirds yes vote is necessary to join the staff permanently. Which leadership style appears to be used by Whole Foods?
A) Reactive
B) Multi-dimensional
C) Democratic (participative)
D) Defensive
E) Autocratic

Answers

The type of  leadership style used by the management of Whole Foods is known as a Democratic or Participative leadership style

What is a democratic leadership style?

The democratic leadership style refers to a style where all members of the group or firm must take a participative role in the decision-making process in the organization.

Hence, since the two-thirds of the employees voted yes, thus, they are actively participating in the decision-making.

Therefore, te Option C is correct.

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In one sentence, explain what would happen to the market value of professional baseball players if fewer fans watched baseball games.

Answers

If fewer fans watch baseball games, the market value of professional baseball players would fall.

What is the impact of fewer fans watching baseball games?

If fewer fans watch baseball games, the income earned from selling baseball tickets would decline as less tickets would be sold.

As a result of the reduced income from the sales of baseball tickets, the income that processional baseball players would earn would decline. This would decline their market value.

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Option A to buy a house has a monthly cost of 618 dollars, up-front cost of 24,000 dollars, and advantages of a home equity and a yard for a pet. Option B to rent close to work has a monthly cost of 950 dollars, up-front cost of 1,900, and advantages of convenient location, garage, and pool. Option C to rent further out has a monthly cost of 600 dollars, up-front cost of 1,200, and advantages of 2 bedrooms, light-rail, and pool. Based on your budget, which housing option is the best financial decision for you? Explain your answer in at least two sentences.

Answers

The housing option that would result in the least cost will be the best financial decision. Option C is the best fit for the requirement.

What is Financing decision?

Financing decision is a management term that involves decisions regarding the type of finance, the acquistion of asset, interest analysis, and so on.

The financing decision regarding buy or rent of a house can be taken after analysing the cost involved in all the options.

The cost involved in Option A for a year is:

[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$618\times 12) + \$24,000\\\\\rm Total\:cost = \$7,416 + \$24,000\\\\\rm Total\:cost = \$33,608[/tex]

The cost involved in Option B for a year is:

[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$950\times 12) + \$1,900\\\\\rm Total\:cost = \$11,400 + \$1,900\\\\\rm Total\:cost = \$13,300[/tex]

The cost involved in Option C for a year is:

[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$600\times 12) + \$1,200\\\\\rm Total\:cost = \$7,2 00+ \$1,900\\\\\rm Total\:cost = \$8,400[/tex]

The option C is the most profitable one since it involves least cost. The monthly cost and the up-front cost together makes up the total cost.

If we consider the budget for 1 year, Option C will have least impact on the budgeted income and net profits.

Therefore Option C is the best financial decision.

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Answer:

Option C, the apartment on the light-rail line, is the best choice because it fits within my housing budget. Buying a home (Option A) is not possible, because I do not have enough saved for a down payment. Option B is close to my work, but it is more expensive and will not fit in my budget.

Explanation:

sample response

Edna has been tasked with maintaining her sorority database, which contains many elements of students' personal and academic information. Which of the following considerations will probably be MOST important to Edna if she plans to use the database for creating data queries and reports?
A. Developing an attractive graphic representation of the data.

B. Printing and checking the database weekly.

C. Sending out regular announcements to the students.

D. Gathering and tracking the unique data.

Answers

Answer:

Gathering and Tracking the Unique Data

Explanation:

The government is in charge of everything in a command economy Question 2 options: True False.

Answers

Answer:

true

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Economists assume that people are rational in the sense that.

Answers

In the sense that consumers and firms use all available information as they take actions intended to achieve their goals

According to Walt Rostow's modernization model, a country becomes developed when __________. A. it becomes agriculturally self-sufficient B. it mobilizes capital for business investments, thereby increasing its exports C. it has a high literacy rate and widespread access to education for people of all social classes D. it has an economy based on the production of goods and services demanded by the global economy Please select the best answer from the choices provided. A B C D

Answers

A country becomes developed according to Walt Rostow's when : An economy based on the production of goods and services demanded by the global economy.

What is economic development?

Economic development can be defined as increase in the income and standard of living of people in a country. It means enhancing the prosperity and quality of life for all residents within a country.

According to Walt Rostow's, when there is global demand for a country's produce, there is an economic development.

Hence, a country becomes developed according to Walt Rostow's when an economy based on the production of goods and services demanded by the global economy.

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Answer:

D

Explanation:

it has an economy based on the production of goods and services demanded by the global economy

Using the aging of receivables method, an unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is ______ the amount estimated to uncollectible in the prior accounting period. Multiple choice question.

Answers

Using the aging of receivables method, an unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is greater than the amount estimated to uncollectible in the prior accounting period.

What is the aging of receivables method?

The aging of receivables method is a method of accounting for Allowances for Doubtful Accounts whereby the ages of uncollected receivables are indicated in order to assess the accounts that are past due to be treated as uncollectible allowances.

An entity can adopt either the aging method or the percentage method to estimate the amount of its uncollectible accounts.

Thus, the unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is greater than the amount estimated to uncollectible in the prior accounting period.

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The current portion of long-term debt is a balance sheet item for Flavorful Products Company. How would it most likely be classified on the balance sheet

Answers

it would be classified as a non current liability

The president of the Northwoods University student body made a formal request to the IT department for additional computers in the main computer lab. The student body president is the ________ in the buying center.
A. initiator
B. gatekeeper
C. decider
D. buyer
E. gateway

Answers

Because of the formal request made, the President of the University is the:

A. initiator

Who is an Initiator?

This refers to a person who makes the first offer for a thing or starts off negotiations or requests.

With this in mind and from the given question, we can see that because the president of the University made the formal request for additional computers, then he is the initiator.

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Merv is a bulldozer operator. He was hired by Carla to fill in a swampland on her property and they signed a contract for him to do it on March 1st. On February 28th, Merv is informed by a city official that the swampland Carla wanted filled in is protected wetlands and it would violate environmental law to do the job. If Merv then calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, what result

Answers

If Merv calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, the result is:

The contrails void, Carla loses

What is a Contract?

This refers to the legally binding agreement between two or more people about a particular request or work.

With this in mind, we can see that because Merv is hired by Carla to fill a swampland and he is later informed that the land is in protected wetlands, this makes the contract void and Carla loses because it is not of the doing of Merv.

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A free enterprise system refers to:______.
a. Economic assets that are privately owned and exchanged in an open market.
b. Property ownership by a centralized government.
c. A mix of privately owned and government controlled economic assets.

Answers

A free enterprise system refers to : Economic assets that are privately owned and exchanged in an open market.

What is a free enterprise system?

A free enterprise system refers to an economy, where the market determines prices, products, and services as compared to the government. This means that businesses and services are free of government control.

The free enterprise system allows for the privilege of individual ownership of property and the means of production.

Hence, a free enterprise system refers to economic assets that are privately owned and exchanged in an open market.

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How political and international fators pose challange to business​

Answers

Answer:

Political risk may also result from events outside of government controls such as war, revolution, terrorism, labor strikes, and extortion. Political risk can adversely affect all aspects of international business from the right to export or import goods to the right to own or operate a business.

Explanation:

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