Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statement.

A. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
B. No contract was formed because ABC did not sign any written contract as an obligation to do so.
C. A contract was formed because filling out an application can constitute legal consideration.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.

Answers

Answer 1

Answer:

C. A contract was formed because filling out an application can constitute legal consideration.

Explanation:

I personally Think this because if you think about it ,   he didn't pay , which doesn't matter because its "free" but maybe they just named it the million dollar wheel for a better name , or they were using it for customers , but if he had won and received yet nothing than he is able to file a contract because therefore they lied to him and therefore that's a illegal thing for a company who is allowing to spin a wheel for reward and if he won than he should get what he won , therefore the answer is = C


Related Questions

Which type of reinforcement schedule results in the quickest learning

Answers

A continuous reinforcement schedule (CRF) presents the reinforcer after every performance of the desired behavior. This schedule reinforces target behavior every single time it occurs, and is the quickest in teaching a new behavior.

I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.

This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster

State one effect the great depression had on many Americans?

Answers

Answer:

Great Depression

EXPLANATION:

I hope this helps (:

Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
A. The beginning inventory of the current period is the beginning inventory of the previous period.
B. The beginning inventory of the previous period is the ending inventory of the current period.
C. The ending inventory of the previous period is the ending inventory of the current period.
D. The ending inventory of the previous period is the beginning inventory of the current period.

Answers

The relationship between ending inventory and beginning inventory is ending inventory of the previous period is the beginning inventory of the current period.

Ending inventory is inventory that remains unsold at the end of a particular period of time. Beginning inventory is inventory that a business has in stock at the beginning of a particular period.

Ending inventory is a function of beginning inventory, cost of goods purchased, cost of goods sold.

Ending inventory = beginning inventory + cost of good bought - cost of good sold.

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What is the balance between supply and demand called ?

Answers

Answer:

I think it is Market equilibrium

The balance between supply and demand is known as the market equilibrium.

The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.

This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.

This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.

However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.

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Suppose that you are an orange grower. Would you expect the demand for your
orange to be more elastic or more inelastic? Why

Answers

It should be noted that the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded.

It should be noted that an elastic demand simply means a situation whereby a change in the price of a good lead to a larger change in the quantity demanded.

In this case, the demand for orange will be elastic because when there's a change in price, there'll be a larger change in quantity demanded. For example, an increase in price will make the customers buy other fruits.

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What of the following would not be relevant in a make-or-buy decision? What of the following would not be relevant in a make-or-buy decision?
Select one:
a. Avoidable fixed cost
b. Incremental fixed costs
c. Unavoidable variable costs
d. Opportunity costs

Answers

Tje correct answer is c. Unavoidable variable costs. Options that would not be relevant in a make-or-buy decision are unavoidable variable costs.

What are unavoidable variable costs?

Corresponds to a type of expense that cannot be avoided, that is, it is an expense associated with other costs, such as interest rates, depreciation and taxes, being costs that do not depend only on the purchase decision, but costs arising from a commitment to use such expense.

In the make-or-buy decision process, it is necessary for organizations to carry out a structured and organized budget, to better allocate their resources between goals, income and expenses, in order to have greater control of their costs and a more strategic decision-making.

Therefore, the purchase decision process must be based on strategic planning to meet objectives and goals aligned with your needs and best opportunities.

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What do you think the curves would look like in the next 100 years?

Answers

Answer:The last 100 years have seen a massive fourfold increase in the population, due to medical advances, lower mortality rates, and an increase in agricultural productivity made possible by the Green Revolution.

You sell friendship bracelets. You have an agreement with your best friend, Georgina, who is a great artist
in photography, that she will photograph all her subjects wearing your friendship bracelets. You have
agreed that you will get 25 percent of the proceeds from the sale of photographs and she will get 25
percent of the sale proceeds from your bracelets. It turns out that Georgina had a photo-lab partner who
actually did all the film and photo development while she just took the pictures, and who wanted part of her
proceeds. Because of this arrangement, you are considered to be a partner with him.
False
Theo

Answers

Answer
False

Explanation
You are still giving her the 25% not him

Imagine you own a company that makes YOUR FAVORITE PRODUCT.

Answers

Answer:

I am not sure what you want me to answer but Ill give you my P.O.V

Explanation:

If I had my own company with my favorite product I would have created more of the things related to that product. And invest my money in other products I enjoy using. And improve on that product make it better.

I would probably use that product and make more products that people like

what are the functions of middle level management​

Answers

Answer:

Middle management is at the center of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff.

Middle managers are accountable to top management for their department's function. They provide guidance to lower-level managers and inspire them to perform better.

Hope this helps you !!

Davis Manufacturing Company had the following data:
January 1 December 31
Accounts receivable $27,000 $33,000
Materials inventory 22,500 6,000
Work in process inventory 70,200 48,000
Finished goods inventory 3,000 15,000
Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.
Factory overhead was 300% of the cost of direct labor.

a. Compute sales revenue (all sales were on account).
$ ___________________

b. Compute cost of goods sold.
$ ______________

c. Compute cost of goods manufactured.
$ _______________

d. Compute direct materials used.
$ ________________

e. Compute direct labor incurred.
$ ________________

f. Compute factory overhead incurred.
$ __________________

Answers

a) The computation of the sales revenue is $631,000.

b) The computation of the cost of goods sold is $429,080.

c) The computation of the cost of goods manufactured is $441,080.

d) The computation of the direct materials used is $106,500.

e) The computation of the direct labor incurred is $78,095.

f) the Computation of the factory overhead incurred is $234,285.

How are the figures above computed?

The ledger accounts of the inventory accounts can help in the computation of the above figures as shown below.

Data and Calculations:

                                              January 1     December 31

Accounts receivable               $27,000        $33,000

Materials inventory                   22,500            6,000

Work in process inventory       70,200          48,000

Finished goods inventory          3,000           15,000

Collections on account were $625,000

Cost of goods sold was 68% of sales.

Direct materials purchased amounted to $90,000

T-Accounts:

Accounts receivable:

Beginning balance   $27,000

Sales (missing)        631,000

Cash collection                       $625,000

Ending balance                         $33,000

Cost of goods sold is $429,080 ($631,000 x 68%).

Materials inventory

Beginning balance   $22,500

Purchases                   90,000

Work in process                        106,500

Ending balance                          $6,000

Work in process inventory

Beginning balance    $70,200

Materials inventory    106,500
Direct labor                  78,095

Factory overhead     234,285

Finished goods inventory        $441,080

Ending balance                          $48,000

Finished goods inventory

Beginning balance        $3,000

Work in process         $441,080

Cost of goods sold                      $429,080

Ending balance                                15,000

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What are your goals that you want to achieve in 5 years?

Answers

Answer:

Consider Why the Job Interests You

Research the Business

Don't Worry If You Don't Know What Kind of Career You Want to Pursue

Be Enthusiastic

Be Realistic

Explanation:

Michelle is typing an e-mail to team members. The e-mail includes some issues that were discussed during a meeting and decisions that were made. Michelle is writing the _____.

Answers

Answer:

issues that were discussed in the meeting

Explanation:

What information should be included in the opening paragraph of a thank-you letter?
a.
Mention skills that were omitted during the interview
b.
Reinforce any points perceived as weaknesses
c. Mention looking forward to a response
d. Reinforce interest and fit for the position

Answers

In a "thank-you letter," the opening paragraph should d. Reinforce interest  and fit for the position.

 

In the second paragraph, you should mention skills omitted during the interview and reinforce weaknesses before stating that you look forward to receiving a response.

 

A thank-you letter should have a positive tone and convey enthusiasm for the job if this were the case. Do not overcommit yourself or sound desperate. Express your gratitude for the opportunity to learn more about the company, showing your interest in the position.

 

Thus, in the opening paragraph, you should reinforce your interest and fit for the position.

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Answer:c. mention looking forward to a response

Explanation:

3 of 45
In order to determine exactly what portion of a mortgage loan the VA will guarantee on behalf of
a qualified veteran, the borrower must apply for a

Answers

Answer:

Certificate of Eligibility (COE)

Explanation:

In order to determine exactly what portion of a mortgage loan the VA will guarantee on behalf of a qualified veteran, the borrower must apply for a Certificate of Eligibility (COE).

The Certificate of Eligibility (COE) is a letter issued by the Department of Veterans Affairs (VA), which attests the eligibility of the veteran for a VA-backed home loan. There are a few ways to obtain a COE:

Through mail, by filling out the VA Form 26-1880 (Request for Certificate of Eligibility).Through the VA's website.Through lenders.

Veterans must also have at least one of the following Character of Service (COS) requirements upon discharge from the military: Honorable, General, Uncharacterized, and Under Honorable Conditions.  

Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income

Answers

It is B. passive income

Answer:

earned income is received through rent

what is the most technical challenge for mr?

Answers

Answer:

       The most technical challenge for true AR/MR is maintaining accurate spatial registration of real and virtual elements such that the deviation is within the perceptual limits of the human sensory system.

                            ...............................................

Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires only a forecast of the firm's balance sheet. Although a forecasted income statement may help clarify the results, income statement data are not essential because funds needed relate only to the balance sheet. Dividends are paid with cash taken from the accumulated retained earnings account, hence dividend policy does not affect the AFN forecast. A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed. If the ratios of assets to sales and spontaneous liabilities to sales do not remain constant, then the AFN equation will provide more accurate forecasts than the forecasted financial statements method. Any forecast of financial requirements involves determining how much money the firm will need, and this need is determined by adding together increases in assets and spontaneous liabilities and then subtracting operating income.

Answers

AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.

AFN is known as Projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.

When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.

Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.

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A hurricane hits the coast of the United States, destroying oyster farms. Afterward,
oyster farmers have far fewer oysters to sell to stores and restaurants.
What is this situation an example of?
A. Incentive
B. Demand
C. Scarcity
D. Trade-off

Answers

Answer: C. Scarcity

The situation is an example of scarcity.
The answer would be Scarcity because they are short supply do to the hurricane.

Bren Company sold a car for $17,100. The cost of the car was $37,000 and the depreciation expense was recorded at 10% for five and a half years. What was the gain or loss on disposal?

Answers

The loss on the disposal of the car is $-16,200.

The first step is to determine the total depreciation on the car.

Depreciation expense = percentage depreciation x cost of the asset

$37,000 x 0.1 = $3700

The second step is to determine the book value of the car = cost of the car - depreciation

$37,000 - $3700 = $33,300.

The book value is greater than the selling price of the car, so there was a loss on the sale. The third step is to determine the gain on the sale.

Loss = $17,100 - $33,300  = $-16,200

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Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table 12.3 shows last year’s average inventory levels for these items, along with their unit values. a. What is the average aggregate inventory value? b. How many weeks of supply does the firm have? c. What was the inventory turnover last year?

Answers

a. The average aggregate inventory value is $336,000.

b. The number of weeks of supply that the firm has is 3 weeks, approximately (2.69 ($336,000/$6,500,000 x 52).

c. The inventory turnover of Sapphire Aerospace for last year was 19.3x.

Question Completion:

Category        Part Number        Average           Value        Total      Category

                                              Inventory Units    per Unit      Value        Totals

Raw Materials      RM-1                20,000               $1        $20,000

Materials             RM-2                 5,000                 5          25,000

                            RM-3                 3,000                 6           18,000

                            RM-4                  1,000                 8            8,000      $71,000

Work-in-process WIP-1                 6,000                10         60,000

                            WIP-2               8,000                 12         96,000   $156,000

Finished goods   FG-1                  1,000                65         65,000

                            FG-2                   500                88         44,000   $109,000

Total value of inventory                                               $336,000  $336,000

Inventory turnover = Cost of goods sold/Average inventory

= 19.3x ($6,500,000/$336,000)

Thus, the average inventory value is $336,000, while the inventory turnover was 19.3x.

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Question 1 of 15.
#1. Objective A: Left Turn
True False
Mark for follow up

Answers

True is ur answer I hope it helps you

Based on the question above, the correct answer goes thus:

True

Objectivity

To be objective implies that you State facts as it is devoid of your opinions. According to the available text, left turn is true

In conclusion, we can conclude that the correct answer is true

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What low-risk investment can provide Kazuo income when he retires?
a. real estate
b. stocks
c. bonds
d. ira’s

Answers

Answer: D

Explanation:

Suppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at Question content area bottom Part 1 A. the par value of the stock given. B. its book value. C. its market value. D. a value assigned by the board of directors

Answers

Based on the information given Yummy Treats Bakery should record the building at: C. its market value.

Market value is the value of an asset in the market or the amount at which an asset will be sold in the market.

Building is an asset and since common stock was issued out in exchange for a building ,  the best options is that Yummy  treats bakery should record the building at the market value the asset or the building.

Inconclusion  Yummy Treats Bakery should record the building at: C. its market value.

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Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction that is not limited as a result of it being an SSTB?

Answers

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

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When a company enters the market with a high price for their new innovation, which pricing strategy have they used

Answers

Answer:

iprob info

Explanation:

Help buissness help help help

Answers

answer is Mucus Fleming as he is a sports player. (:

Answer:

milton fredman

Explanation:

Sunland Company has 1050 shares of 4%, $100 par value, cumulative preferred stock and 52500 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock

Answers

Based on the information given the annual dividend on the preferred stock is : $4,200.

Using this formula

Annual dividend=Number of shares× Par value× Shares Percentage

Where:

Number of shares=1050 shares

Par value=$100 par value

Shares Percentage=4% or 0.04

Let plug in the formula

Annual dividend=1050shares× $100×0.04

Annual dividend=$4,200

Inconclusion the annual dividend on the preferred stock is : $4,200.

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what's the net price equivalent rate of 9/15/18

Answers

Answer: 0.6357 (in decimal form)

In general, which type of marketing do you think is most effective for events: push or pull marketing? If you were an event marketer, how would you decide how much push and pull marketing to use? Discuss how an event's ability to help us escape from everyday life and worries can be advantageous for marketeif you were an event marketer how would you decide how much push and pull marketing to use ​

Answers

Push marketing strategies in a way force the potential customer to consume by generating a need that previously did not exist through strategies such as great deals or discounts, bombastic advertisements, etc.

In turn, the pull marketing strategies seek to attract customers in a smoother way, that is, by convincing consumers about the essential characteristics of the product through medium and long-term transformations, such as changes in packaging.

Therefore, push strategies serve to generate consumption in the short term, while pull strategies serve to generate consumption in the medium and long term.

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Mary wrote an essay on important speeches given by candidates during the 2000 presidential election. Which visual information would be best to add to her essay? a time line showing the dates of each speech a map showing which states had the most voters a document showing the full names of the candidates who ran in the election a graph highlighting changes in the number of people working as speech writers Summarize this short text for the most relevant information:The 2 main areas of agreement of the Glasgow climate pactDeveloping countries The agreement pledged to significantly increase money to help poor countries cope with the effects of climate change and make the switch to clean energy. There's also the prospect of a trillion dollar a year fund from 2025 - after a previous pledge for richer countries to provide $100bn (72bn) a year by 2020 was missed. While some observers say the COP26 agreement represented the "start of a breakthrough", some African and Latin American countries felt not enough progress was made. Fossil fuel subsidies World leaders agreed to phase-out subsidies that artificially lower the price of coal, oil, or natural gas. However, no firm dates have been set. Rewrite each of the following expressions without using absolute value bars.a|x4| if x>4b|xy| if xc|3r15| if r Hi can someone plz help In six years Xavier will be 3 times older than Joanne is today. Joanne is 24. How old is Xavier? In the decision-making process, the last step is to __________. A. Brainstorm options B. Analyze each option C. Select the option D. Eliminate options Please select the best answer from the choices provided A B C D. what is 7.5% as a fraction Choose the preposition that makes the most sense in this sentence. This letter is ______ you. 8-kg lead brick falls from a height of 1.6 m.(a) Find its momentum as it reaches the ground.Ikg-m/s(b) What Impulse is needed to bring the brick to rest?N-s(c) The brick falls onto a carpet, 2.0 cm thick. Assuming the force stopping it is constant, find the average force the carpet exerts on the brickN(d) If the brick falls onto a 6,0 cm foam rubber pad, what constant force is needed to bring it to rest? what are the five functions of the skeletal system? Answer my questions please!! This questions is for the ones how knows and speak Spanish!!Please, someone answer it for meeee! Evaluate to function for the given value of X A 0.5 kg rock is thrown straight downward off a cliff. If the rock only experience a gravitation force for 4.3 seconds, and ends with a downward velocity of 46.1 m/s, what was rock initial velocity? What is the gravitational force? How did the religious lyrics of the thirteenth century carry on the theme of transience seen earlier in Anglo-Saxon poetry Point A=(7,9) is dilated from the origin by scale factor of r=11. what are the coordinates of point A What is the theme for "Two Legs or One"? What is the slope of the linear equation that has the values shown in the table You can add music from a cd to objects, animations and transitions.Please select the best answer from the choices providedOF A rectangular plot of land is 0. 4 kilometer long and 0. 07 kilometer wide. What is its area in square kilometers?. bullet-pointed summary of ideas Walden and Other WritingsBook by Henry David Thoreau?