Business, 19.05.2020 19:59 estherklein15ov3vx9

Michael, a recent college graduate, is on his way home for his new job. He gets caught in a snowstorm and is taken in by an elderly couple, who provide him with food and shelter. After the snowplows have cleared the road, Michael proceeds home. Michael's father, Thomas, is most appreciative of the elderly couple's action and in a letter promises to pay them $500 for the assistance they provided to Michael. The elderly couple, in need of funds, accept Thomas' offer. Then, because of a dispute between Michael and Thomas, Thomas refuses to pay the elderly couple the $500. Discuss whether the couple can hold Thomas liable in contract for the services rendered to Michael.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 02:00, raylynnreece4939

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Answers: 3

continue

Business, 22.06.2019 11:40, ayoismeisalex

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

continue

Business, 22.06.2019 17:00, ruchierosanp1n3qw

You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. the portfolio's beta is 1.12. you plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. what will the portfolio's new beta be? do not round your intermediate calculations.

Answers: 2

continue

Business, 22.06.2019 20:00, pickelswolf3036

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?

Answers: 1

continue

You know the right answer?

Michael, a recent college graduate, is on his way home for his new job. He gets caught in a snowstor...