Lance has a contract with Smith to resurface a driveway at the Smith residence. Lance by mistake stops at the Jones residence and resurfaces Jones' driveway. Jones lives next door to Smith and knows that Lance is at the wrong residence. Jones, however, says nothing and watches while Lance resurfaces his driveway. Is Jones under any contractual obligation to pay Lance for resurfacing his driveway? Explain your answer.

Answers

Answer 1

Answer: Yes

Explanation:

Ignoring a situation you have an idea of to play out in another way has implications. Under Quasi-k, the court will implicate a contractual obligation on Mr Jones for staying idle and giving permission to Mr Lance to carry out the activity.


Related Questions

Siiri invests 10 % in real estate, 40 % in mutual funds, 25 % in government bonds, and 25 % in stocks. what do Siri’s investment demonstrate?

Answers

Answer: Asset allocation

Explanation:

Asset allocation refers to the strategy of investing in different types of assets and investment vehicles so that the risks would be balanced by the rewards to be earned so that the investor will benefit.

Asset allocation is usually based on the investor's investment goals and their risk appetite. Those who are more risk tolerant will usually invest more in stocks so Siiri here is most likely risk averse but based on the percentage that went into stocks, they might be more risk neutral.

Which of the following is not true regarding the purpose of an audit performed on a set of financial statements in accordance with generally accepted auditing standards? Group of answer choices to provide financial statement users with an opinion on whether the financial statements are presented fairly or not to provide users of the financial statements with an opinion on the financial statements to provide financial statement users with an opinion in accordance with the applicable financial reporting framework to provide users of the financial statements with absolute assurance that the financial statements contain no errors in them

Answers

Answer:

to provide users of the financial statements with absolute assurance that the financial statements contain no errors in them.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors by using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Some examples of financial statements includes a balance sheet, cash-flow and income statement.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

GAAP is an acronym for Generally Accepted Accounting Principles, it was adopted by the U.S. Securities and Exchange Commission (SEC) and is the comprehensive accounting rules and standard used in recording and reporting financial information.

In accordance with generally accepted auditing standards (GAAP), providing users of the financial statements with absolute assurance that the financial statements contain no errors in them is not a purpose of an audit performed on a set of financial statements.

This ultimately implies that, an auditor cannot give a client an absolute assurance that a financial statement wouldn't contain errors in them.

Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E

Answers

Answer:

B to determine whether a price increase

Explanation:

cuz I said

Which level of economic integration has no restrictions on internal trade and free flow of capital among member nations and lacks only political unity to become a political union?

Answers

Answer:

levels of economic integration has no restrictions on internal trade and free flow of capital among member nations and lacks only political unity to become a political union? A common market is a unified economy and lacks only political unity to become a political union.

Explanation:

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Suppose that each of the only two firms in an industry has the independent choice of advertising its product or not advertising. If neither advertises, each gets $10 million in profit; if both advertise, their profits will be $5 million each; and if one advertises while the other does not, the advertiser gets profit of $15 million and the other gets profit of $2 million. According to game theory, the Nash equilibrium is: Group of answer choices neither will advertise. both will advertise. one will advertise and the other will not. both may or may not advertise.

Answers

Answer:

both will advertise.

Explanation:

Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.

Dominant strategy is the best option for a player regardless of what the other player is playing.

Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.

The payoffs of advertising are either 5 or 15.

the payoffs of not advertising are either 10 or 2

the payoffs of advertising is higher than that of not advertising. Thus, the nash equilibrium is for the firms to advertise

Please find attached an image of the payoff matrix

Jen's Shampoo decides to decrease the sales price for a bottle of shampoo from $28 to $23. The variable costs decrease from $12 to $8 and the total fixed costs decrease from $30,000 to $18,000. The changes result in the number of units sold declining from 4,375 to 4,300 units. If net income was originally $40,000, how much will net income increase or decrease

Answers

Answer:

it increases by 6,500

Explanation:

Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as . True or False: Small ups and downs in real GDP follow a consistent, predictable pattern. True False Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957

Answers

Answer: • Recession

• False

• The unemployment rate increased.

Consumer spending declined.

Explanation:

1. Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as (Recession)

Recession is the significant decline in the economic activity which lasts for more than a few months, which results in a fall in GDP, employment, real income, and industrial production.

2. Small ups and downs in real GDP follow a consistent, predictable pattern. - False

It should be noted that small ups and downs in real GDP doesn't follow a consistent, predictable pattern

3.Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957

The unemployment rate increased.

Consumer spending declined.

A fall in real GDP will lead to a fall in the demand of goods and services as consumer spending reduces. Also, the unemployment rate increases as some workers may be laid off due to reduction in demand.

Mr. Garrett has just entered his MA Initial Coverage Election Period (ICEP). What action could you help him take during this time?


a.
If he has a disability, he must enroll in Original Fee-for-Service Medicare during the MA Initial Coverage Election Period.

b.
He will have a nine month period during which he may enroll in as many Medicare Advantage plans as he chooses, with the last enrollment being the effective one.

c.
He may change or drop MA plans, but may not drop drug coverage.

d.
He will have one opportunity to enroll in a Medicare Advantage plan.

Answers


a.
If he has a disability, he must enroll in Original Fee-for-Service Medicare during the MA Initial Coverage Election Period.

The answer is that "He will have one opportunity to enroll in a Medicare Advantage plan".

It should be noted that the Initial Coverage Election Period (ICEP) simply refers to a period of time which is for three months before the person will be entitled to Medicare Part A.

Since Garrett has just entered his MA Initial Coverage Election Period, he will have one opportunity to enroll in a Medicare Advantage plan.

Read related question on:

https://brainly.com/question/18543454

A cost that remains fixed over limited ranges of volumes but changes by a lump sum when volume changes occur outside these limited ranges is called a _____ cost. multiple choice fixed variable mixed step-wise curvilinear

Answers

Answer:

Variable cost

Explanation:

because sometimes companies set fixed price to other product

Answer:

Stepwise

Explanation:

The correct choice is stepwise cost.

if a company has 5 employees with annual salaries of $90,000, $60,000 ,$70,000 ,$90,000 and $20,000 respectively, what is the mean annual salary at the company?

Answers

Answer:

Mean annual salary = $66,000

Explanation:

Given the following data;

Number of employees = 5Employee's salaries = $90,000, $60,000 ,$70,000 ,$90,000 and $20,000.

To find the mean annual salary at the company;

First of all, we would find the total amount of salaries.

Total amount = 90,000 + 60,000 + 70,000 + 90,000 + 20,000

Total amount = $330,000

Next, we would calculate the mean annual salary at the company;

[tex] Mean \; annual\; salary = \frac {Total \; salary}{Number \; of \; employees} [/tex]

Substituting into the above formula, we have;

[tex] Mean \; annual\; salary = \frac {330,000}{5} [/tex]

Mean annual salary = $66,000

Answer:

66,000

Explanation:

If company XYZ observes a drop in performance following a human resource management decision to eliminate a Friday free lunch for the employees, then this would be an example of a lack of ______ to perform.

Answers

Answer:

Motivation

Explanation:

The drop in performance in company XYZ following the elimination of the Friday free lunch is caused by the lack of motivation.

Employees of an organization tends to be more productive given a favourable working condition such as subsidized health care, provision of housing facilities, bonuses etc

The free Friday lunch which the human resource management eliminated is a form of motivation for the employees to work hard. So, productivity declined due to the elimination of the free Friday lunch.

Management should conduct a ________ to identify those controls that are most appropriate and provide the greatest benefit to the organization given the available resources.

Answers

Answer:

cost-benefit analysis

Explanation:

A cost-benefit analysis (CBA) is the process that are applied to determine the decision benefits or the actions are taken minus the cost along with the actions. It includes the financial metrics like revenue or the cost i.e. saved

So here in the given situation the cost benefit also provides the high benegits to the organization by having the resources

Therefore the above should be the answer

What is not true regarding tax forms? Multiple Choice The objective of the tax form is to provide information to federal and state tax authorities. Tax forms include: Federal and State income tax returns, Federal Payroll Forms and Federal Form 1099. When preparing tax returns, a company uses different rules from those used to prepare financial statements. When preparing tax returns, a company uses the same rules as those used to prepare financial statements.

Answers

Answer:

Explanation:

When preparing tax returns, a company uses different rules from those used to prepare financial statements.

An unplanned increase in inventories​ _______. A. occurs when real GDP exceeds aggregate planned​ expenditure, so firms decrease production and real GDP decreases B. occurs when real GDP exceeds aggregate planned​ expenditure, so firms increase production and real GDP increases C. occurs when aggregate planned expenditure exceeds real​ GDP, so firms increase production and real GDP increases D. occurs when aggregate planned expenditure exceeds real​ GDP, so firms decrease production and real GDP decreases E. increases​ investment, which increases equilibrium expenditure and real GDP

Answers

Answer: C. occurs when aggregate planned expenditure exceeds real​ GDP, so firms increase production and real GDP increases

Explanation:

When the Aggregate expenditure which is also known as Aggregate demand, exceeds the real GDP, it means that there is more demand for goods in the economy than the economy has currently produced.

Producers would therefore increase their production level in order to meet up with the new demand and return to a level of inventory that they are comfortable with. This increased production was not planned so any inventory it yields is unplanned as well.

5. Give an example of 'Post Purchase Behavior being important in the buying
process of an individual buyer.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

This would be my example of Post Purchase Behavior being important in the buying process of an individual buyer.

When an individual buys a car, the seller usually shows a great attitude to take care of the client, he continually answers questions and facilitates the process. But the deal is done, it seems that the salesman and the company automatically disappear.

Post Purchase Behavior is important in the buying process of an individual buyer because it really shows the interest and the willingness of the company to take care of their clients. Here is when the salesman or the customer care agent follows up and offers the client a series of services or options to make the client feel comfortable and assure him that he did the best purchase.

The customer care agent can frequently call the client or contact him through email, to ask about how he feels with his new car, if he has encountered any problems if the company can be of help, maybe offering the client a "thank you gift" to create a loyalty bond, and more.

what are the main functions of HR department

Answers

Answer:

Personnel administration.

Personnel recruitment and selection.

Compensation and incentive management.

Development of a positive work climate.

Employee performance evaluation.

Staff training and development.

Labour relations.

Occupational health and safety.

Explanation:

The functions of a human resources Department are numerous and diverse, as this team is responsible for managing a company's human capital to meet the established business objectives. The personnel department is key in any company, from attracting and retaining talent to guaranteeing the interests and well-being of employees.

How do debt repayment and structural adjustment terms hamper economic development? A. Only wealthy nations need to repay their debts, so it slows their progress. B. This is no longer a problem because debt repayment was completely erased after World War II. C. Both measures rob a developing nation of money it could use to invest in social welfare improvements. D. They always penalize highly developed nations rather than underdeveloped ones. Please select the best answer from the choices provided. A B C D

Answers

Answer:

c

Explanation:

Which feature of a customer relationship management (CRM) application assists with tasks such as controlling inventory and processing orders

Answers

Answer:

knowledge management

Explanation:

A customer relationship management individual user knowledge management component aids with activities like inventory control as well as production process.

Knowledge assets of an institution's knowledge and information being created, shared, used, and managed. It is a multimodal approach to achieving organisational goals via the most effective use of knowledge.

Rudy Company reports gross sales revenue of $5.2 million, net sales revenue of $5 million, and cost of goods sold of $3 million. Rounding to the nearest percent, the company's gross profit ratio would be

Answers

Answer:

40 %

Explanation:

Gross Profit ratio = Gross Profit / Net Sales x 100

where,

Gross Profit = Net Sales - Cost of Sales

                     = $2 million

thus,

Gross Profit ratio = $2 million/ $5 million x 100

                              = 40 %

The company's gross profit ratio would be 40 %

"Cory is a salesperson at Bayray Technologies, a company that manufactures laptops and cameras. During a sales presentation for the company's new camera, he states, "Cameras produced by us have the same resolution as the cameras produced by ClarityO, the world's number one camera manufacturer, but at a cheaper price." In this scenario, Cory is using a(n) _____ to describe the product."

Answers

Answer:

comparison

Explanation:

Since cory is a sales person at bayray technologies and at the time of sales presentation he stated that the camera resolution of our company should be similar with the Clarity O company but the price are cheaper so here cory is doing the comparison of cameras between his company and with the other company to capture the market share by telling the advantages of his company product

If price was $1.40 per gallon and increased to $2.00 per gallon, how does quantity of gasoline demanded change

Answers

Answer:

Demand decreases.

Explanation:

The demand decreases because the price increase would cause drivers to travel less, meaning that gasoline sales would go down.

Diminishing marginal product suggests that Group of answer choices marginal cost is upward sloping. Adding additional workers will lower total cost. The firm is at full capacity. Additional units of output become less costly as more output is produced.

Answers

Answer:

The marginal cost is upward sloping.

Explanation:

This is because the marginal product of labor decreases as additional labor is employed which increases the marginal cost.

The Fed can manipulate the reserve ratio in order to influence the ability of commercial banks to do what

Answers

Answer:

loan out money

Explanation:

Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply

If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out

________ policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base.

Answers

Answer:

Primary-export-led development

Explanation:

Primary-export-led development policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base.

Glenda works for a telecommunications company and oversees the planning, execution, and closing of any large telecom projects for new clients. Glenda is what kind of manager

Answers

Answer:

Project manager

Explanation:

Glenda must be working as a project manager.

A project manager is a person that leads the team to design and execute projects within an establishment. He/she also ensures monitoring and control of resources in order to get maximum results.

Hence, Glenda must have been employed as a project manager for the telecommunication company.

Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is _____. Group of answer choices phased retirement early retirement bridge retirement voluntary retirement

Answers

Answer:

phased retirement

Explanation:

From the question, we are informed about Harold who is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is phased retirement. Phased retirement can be regarded as range of employment arrangements that is been put in place, to give room to an employees that are already approaching retirement age so they can continue working in the firm with a reduced workload, so that t the end of the day they can experience a transition from full-time work into what is called full-time retirement. Phased retirement encompass pre-retirement as well as gradual reduction in work hours , it also contains post-retirement as regards pensioners that has wish to remain employed.

Define what liquidity means by completing the following sentence. Liquidity refers to an asset which can be readily used to pay for current

Answers

Answer:

Liabilities

Explanation:

'Liquidity' is described as the 'asset's property of being able to be sold without affecting its value or the degree to which it can be easily converted into cash.' If the liquidity ratio of a company is high, then its ability to pay off its current liabilities is high as well. Therefore, the company can pay off the debtors with immediate effect and thus, it would be able to meet its short-term financial commitments. This is the key reason for people's high investments in the companies having a higher liquidity ratio as they analyze the debt paying capability of the company first.

1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)'

Answers

Answer:

0.31

0.27

Explanation:

Here is the full question used in answering this question

Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: (Enter your answers in millions, not in dollars.)

($ in ,millions)

Current assets:

Cash and cash equivalents $307

Current investments 82

Net receivables 218

Inventory 122

Other current assets 138

Total current assets $867

Current liabilities:

Accounts payable $1,165

Short-term debt 709

Other current liabilities 904

Total current liabilities $2,778

Required:

Calculate the current ratio and the acid-test ratio for Queen's Line

Current ratio is an example of a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations. the higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations

Current ratio = current asset /current liability

867 / 2778 = 0.31

Acid test ratio also known as the quick ratio measure the ability of short term assets to meet current liabilities

Acid test ratio = (current asset - inventory) / current liabilities

(867 - 122) / 2778 = 0.27

A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category this institution would most likely fall under

Answers

Answer:

Credit union.

Explanation:

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.

Answer:

Credit union

Explanation:

Credit union is the category this institution would most likely fall under.

Suppose that Dr. Reilly owns a medical clinic and he enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gensol that he orders are 200 milligrams each. The Gensol that is delivered however are 100 milligrams each. Decide.

Answers

Answer: See explanation

Explanation:

Based on the information given, it can be infered that the goods are nonconforming due to the perfect tender rule.

According to the perfect tender rule, a buyer can reject goods that are deliveres to him or her tender of the goods from the seller isn't perfect. Since the Gensol that he orders are 200 milligrams each while the one delivered are 100 milligrams each, then they aren't perfect.

Therefore, the clinic can reject the shipment, or keep some and reject others if it wants to.

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