The return on the asset's ratio for Thompson Corporation in 2018 is 16%.
What are assets?Assets are resources owned or controlled by an individual, business, or the organization that are expected to provide future economic benefits. These resources can take various forms such as cash, property, investments, inventory, equipment, patents, and intellectual property. Assets can be classified into two main categories: current assets and non-current assets. Current assets are those that can be converted into cash within one year, while non-current assets are those with a useful life of more than one year. Assets are recorded on a company's balance sheet and are a key indicator of its financial health. They are also used to calculate important financial ratios such as return on assets, which measures how efficiently a company is using its assets to generate profits.
Average Total Assets = (Total assets 2018 + Total assets 2017) / 2
Average Total Assets = ($800,000 + $1,000,000) / 2
Average Total Assets = $900,000
ROA = $144,000 / $900,000
ROA = 0.16 or 16%
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Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows:
Amount Percent of Sales
Sales $ 92,000 100%
Variable expenses 36,800 40%
Contribution margin 55,200 60%
Fixed expenses 43,240
Net operating income $ 11,960
Required:
1. What is the company’s degree of operating leverage?
2. Using the degree of operating leverage, estimate the impact on net operating income of a 7% increase in unit sales.
3. Construct a new contribution format income statement for the company assuming a 7% increase in unit sales.
The company’s degree of operating leverage (DOL) = $55,200 / $11,960
% Change in Net Operating Income = 4.61 x 7% = 32.27 %. Accordingly, it is anticipated that a 7% increase in unit sales will result in a 32.27 % increase in net operating income.= 4.61
The 7% increase in unit sales would result in a $19,976 net loss for the business.
What is Operating Income?A company's operating income is the amount of revenue left over after operating expenses like wages, rent, depreciation, and cost of goods sold (COGS) are deducted. This is a measure of the company's financial performance. It is at times alluded to as profit before interest and duties (EBIT).
A company's profitability from its core operations, or the activities that generate revenue and are required to sustain the business, can be measured by operating income. Investors and analysts can evaluate a company's efficiency in generating profits from day-to-day operations by focusing on operating income.
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Pure Bliss- providing care of the highest order. The Company
Pure Bliss Skinfarm and Spa started as a family business in 1983 in the house of its founder Jennifer Elliott. It then expanded to its first outlet on Bay Hills Road and quickly grew to a base of two hundred customers. In 1994 the company made its first move to expand overseas and opened its second day treatment spa in New York. Alongside growth in its research and product development Pure Bliss has continued its international expansion. Pure Bliss has passed through varying development periods moving from the era when the focus was on beauty and pampering –an extravagance- to medical spas, to spas as wellness centers and to the new concepts of wellness tourism as well as balanced care of the consumer. The consumer of spas services have also changed dramatically from a focus on women to a situation where men are seeking services including anti-ageing treatments.
The clients
The company has seen about 95 per cent growth in customers, based on Elliott's estimates. For the Florida outlet "Our current area has a stronger Caribbean market, and overall, it has more diversity in terms of customers," said Elliott. We have had a few celebrities in our shops.
The local Competition
The company isn't daunted by the strong competition it has in neither the American market nor the Jamaican. There's no stopping now for Pure Bliss. The competitive landscape for Pure Bliss in Jamaica and in particular Kingston has been quite active with the entry of a few new companies. The directories list over thirty-eight (38) competitors in the immediate Kingston area offering a wide range of spa services. A look at the industry indicates that Jamaica boasts 60 independent private spas, 40 hotel/destination spas and wellness centres and some traditional spas like Milk River, Bath, Rockfort and Black River. The range of services varies, and Pure Bliss continues to be top of mind. Pure Bliss estimates that it has over 25% of the market share in the Kingston Metropolitan Area and as such is the market leader in the professional and business market segment.
Trends in the spa industry
The players in the industry are seeking to develop products and offer a range of services in response to changes in the market and the needs of consumers. With the growth in tourism and the wellness market in particular spas could see the continued increasing interest cause a make uptick in the next few years. In addition, there is a convergence between the spa industry and the medical industry which is also creating opportunities for spa owners. According to the Standford Research Institute (SRI) international destinations the estimate for the global wellness tourism economy us worth US$438 billion dollars. The prevailing literature and researchers have identified some additional trends in the spa industry which may become the drivers of strategy for spa companies. The spa industry in 2012 accounted for at least over 41% of the dollars spent in the wellness tourism sector. Customers are calling for high quality services for the best price in the most effective time for the consumer. It is also becoming a cluttered market and spas need to develop clear identities so they can find a place in the minds of their target market.
In addition, there is a developing market among corporate clients who are selecting conference sites with attention to the details of spa facilities. In addition, there is a shift in the needs of consumers from treating spas as an extravagance to a social, health and recreational resource which is necessary for a balance in life.
The Spa Industry worldwide
US-The current information on the spa industry shows that there was modest 4.5% growth in spa revenue 2012 over 2011 and visits by consumers are also up by 4.1%. In addition details from the Spa Summit held in 2013 suggests that “According to ISPA’s 2013 research, people visiting day spas, hotel and resort spas, and destination spas are all on the rise from 156 million in 2012 to 160 million in 2013 and spending has increased to an average of $87 per visit ; almost a two percent increase over the previous year.”3
Expansion
Pure Bliss also has locations in Florida, New York and Trinidad & Tobago. For further expansion Pure Bliss Skin Farm and Day Spa is evaluating whether to open shops in either Atlanta, Washington DC or Canada.
Promotion, Distribution and Sales
Pure Bliss can depend on the word-of-mouth communication and public testimonials of it satisfied customers but had its strategic vision to develop an effective communication platform. The company has implemented a coordinated approach to promotion. It has an established website and has plans to increase its communication spend.
1. Evaluate the market in which Pure Bliss is a player and comment on the level of competitive rivalry. (15 marks)
The market in which Pure Bliss operates is highly competitive. The spa industry is estimated to be worth US$438 billion dollars and has seen an increase in the number of competitors in the Kingston metropolitan area.
What is competitor?A competitor is an individual or organization that competes with another for customers, resources, or recognition. It is typically used in the context of business, where companies compete with each other to gain market share.
Pure Bliss estimates that it has over 25% of the market share in the Kingston Metropolitan Area and is the market leader in the professional and business market segment. However, due to the growth in tourism and the wellness market, there has been an increase in competition, with the entry of a few new companies. This increased competition has made it more difficult for Pure Bliss to maintain its market share, as they now have to compete with more established players. Furthermore, the industry is becoming more cluttered and spas need to develop clear identities so they can find a place in the minds of their target market. Overall, the competitive rivalry in the spa industry is high and Pure Bliss must continue to innovate and stay ahead of their rivals in order to maintain their market share. They must also continue to offer high quality services for the best price in the most effective time for the consumer in order to remain competitive.
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how you been issued or are currently eligible for a form 1-551 permeanent resident card, also known as a green card by the u.s. citizenship and immigration services uscis?
The official name of your permanent residence card is Form I-551 (aka green card). Find out more about it and typical inquiries.
What does the green card I551 card number on the permanent residency card mean?Your green card number is a 13-digit number that is printed on a permanent residence card and is also referred to as the receipt number. It also goes by the name "case number" because it identifies your particular immigration case. It may even be referred to as an I-551 receipt number in some circumstances.
What document, such as a PRC or I-551, serves as proof of your immigration status?A green card is applied for using Form I-551. It serves as evidence of a foreign national's eligibility for permanent residence and employment in the United States. If you If you look closely, the current green card's backside has "I-551" printed in the upper left corner.
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Calculate the total account value of $1,000.00 principal at 10% interest for 5 years
Answer: $1,610.51
Explanation:
The total account value can be calculated using the formula:
A = P(1 + r/n)^(nt)
Where:
- A is the total account value
- P is the principal amount, which is $1,000.00
- r is the annual interest rate, which is 10% or 0.1
- n is the number of times the interest is compounded per year, which is usually 12 (monthly)
- t is the time period in years, which is 5
Using this formula, the total account value would be:
A = 1000(1 + 0.1/12)^(12*5)
A = $1,610.51
Therefore, the total account value after 5 years with a principal of $1,000.00 and 10% interest would be $1,610.51.
what is the best lead ganaration tool?
Answer:
The best tool you could use is probably a smart phone
Explanation:
The income statement for Thomas Manufacturing Company for a period is as follows:
Sales (10,000 units)
Variable expenses
Contribution margin
Fixed expenses
£
120.000
72,000
48.000
36.000
Operating income
12,000
If sales increase by £60,000, what will happen to profit?
Answer:
mankie
Explanation:
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1.) Explain the difference between fastest growing occupations and occupations with the most openings?
2.) How doe knowing this difference help you choose an occupational goal?
Answer:
1)The difference between fastest growing occupations and occupations with the most openings is as follows:
Fastest growing occupations are the jobs that are projected to have the highest rate of job growth in a particular time period, typically over a decade. These jobs may not necessarily have a high number of current job openings, but they are expected to experience significant growth in demand for workers due to various factors such as technological advancements, demographic changes, and economic shifts.
Occupations with the most openings, on the other hand, are the jobs that currently have the highest number of available job openings. These jobs may not necessarily have a high rate of job growth, but they have a high number of current job openings due to various factors such as retirement of workers, turnover, and expansion of businesses.
2)Understanding the difference between fastest growing occupations and occupations with the most openings can help you choose an occupational goal in the following ways:
If you are interested in a career that is projected to have high demand in the future, you may want to consider pursuing a profession in one of the fastest growing occupations. This can increase your chances of finding employment in the future and potentially provide you with a stable career path.
If you are looking for immediate job opportunities, you may want to consider exploring the occupations with the most openings. This can increase your chances of finding employment quickly and potentially provide you with valuable work experience.
It's important to note that the fastest growing occupations and occupations with the most openings may not necessarily align with your personal interests, skills, or values. Therefore, it's essential to research and consider various factors such as job satisfaction, salary, work-life balance, and long-term career prospects when choosing an occupational goal.
A buyer has a 15-year, $250,000 loan with a 5.5% interest rate. How much of the monthly payment is interest?
The monthly interest payment is $1,145.83. When a buyer has a $250,000, 15-year loan with an interest rate of 5.5%.
What is the monthly interest rate?A month to month loan fee is essentially how much interest you would be charged in one month. This doesn't show how much a loan actually costs because it doesn't take into account any other fees. On the other hand, the annual percentage rate (APR) is the percentage rate charged on a loan for one year.
The cost of borrowing money is paying interest. The borrower is responsible for making these payments in addition to repaying the loan's principal. When you lend money with interest, you get paid interest on top of the principal amount you borrowed.
time = fifteen years, loan amount = $250,000, and interest rate = 5.5 percent.
The interest payment is equal to $1,145.83 per month.
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BluTech requires applicants to take a battery of tests. In order to be considered for a position, the applicants must achieve a minimum score on each test. BluTech is using a __________ selection model.
choose the correct one.
multiple hurdle
contingency
multiple cutoff
compensatory
In order to evaluate candidates, BluTech must perform a battery of exams. BluTech gave such exams to current workers in order to accurately score them and establish a standard against which to evaluate the results of the candidates. A good illustration of cross-validation is this.
What is BluTech?
The high intensity ultraviolet and blue wavelengths are filtered by BluTech Lenses, which are made to resemble the yellow and brown pigments found in natural lenses. The indoor lens is made to shield and soothe the eyes from the blue light emitted by fluorescent lights and electronic gadgets.
To block the hazardous blue-violet light rays that are frequently released by computer screens, blue light blocking glasses were created.
There is currently no evidence to support the idea that wearing blue light-blocking glasses may enhance or safeguard the health of your eyes, despite the fact that they are effective at limiting the quantity of blue light that enters the eyes. Simply put, there is no evidence to suggest that wearing blue light-blocking eyewear can improve your eye health.
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See picture attached
No matter what economic model we use, national equilibrium can be reached with per capita rates if we use.
What is National Equilibrium?An economy is said to be in a state of national equilibrium when the total supply of goods and services and the total demand for those goods and services are equal. It is the point at which there is neither a shortage nor a surplus of goods and services and the economy is producing to its full potential.
Classical, Keynesian, and monetarist economic models all incorporate the idea of national equilibrium. However, each model's approach to achieving national equilibrium may be different. In most cases, the price level at which the quantity of goods and services demanded equals the quantity supplied is the equilibrium.
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Emmanuel and Camille are married, file jointly, and have two children, ages three and seven, whom they support. Their AGI is $28,470.
Click here to access Exhibit 13.2 Earned Income Credit and Phaseout Percentages.
Carry out computations to two decimal places, and round your final answer to the nearest dollar.
Enter the amount of Emmanuel and Camille's earned income credit:
Emmanuel and Camille's earned income credit is $11,388.
Based on the information provided, we need to refer to Exhibit 13.2 to determine the Earned Income Credit (EIC) and phaseout percentage.
For married filing jointly taxpayers with two children and an AGI of $28,470, the EIC percentage is 40.0%, with a maximum credit of $5,716.
To calculate the EIC, we first need to determine Emmanuel and Camille's earned income.
If we assume that all of their income is from wages, then their earned income would be equal to their AGI of $28,470.
Next, we can calculate their EIC as follows:
EIC = earned income x EIC percentage
= $28,470 x 40.0%
= $11,388
The total earned income credit for Emmanuel and Camille is thus $11,388.
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How is marine insurance different from automobile insurance?
Should government play an active role in business enterprises? Discuss with examples
Answer: produce most available goods and services
Explanation:
When others have helped you write a report, you usually thank them in an acknowledgments section somewhere in the report
Answer: Acknowledgments are a section in a report where you thank and credit the individuals or organizations who have helped you in your work.
Explanation: In academic or professional writing, it is common practice to include an acknowledgments section in a report where you can thank and credit individuals or organizations who have helped you in your work. This section is typically placed at the beginning or end of the report, and is a way to recognize the contributions of those who have assisted you.
Acknowledgments could include thank you notes to individuals who provided their expertise, resources or time towards a research project, or those who supported you in other ways, such as colleagues, friends or family. The acknowledgments section is also a place to acknowledge funding sources that supported your research or project, or organizations that provided in-kind support.
It is important to acknowledge the contributions of others in your work as a sign of appreciation for their help, but also as a way of establishing transparency in your research or project. It helps to legitimize your work and makes it clear that you did not take credit for someone else's ideas or contributions. Additionally, acknowledging others’ contributions might create opportunities for future collaborations and working relationships.
Overall, the acknowledgments section is a crucial part of a report, as it helps to recognize the efforts of all those who have contributed to the work, and establishes the writer as a trustworthy and collaborative professional.
Andrew bought a house and furnished it. He spent $2000 on furniture and décor at Brenda’s store, with the amount due in ninety days. At the end of ninety days, Andrew cannot pay Brenda and asks for more time. Brenda waits two more months, during which time Andrew generates significant credit card debt which he does not pay when due. Brenda grows tired of waiting and petitions for involuntary bankruptcy of Andrew. Will it be granted?
No, because Andrew is not yet in serious debt
No, because Brenda is the only creditor petitioning the court
Yes, because any failure to pay a debt when it is due will lead to involuntary bankruptcy
Yes, because Andrew has $2000 in debt and did not pay his debt when it was due
No, because Andrew has not made any fraudulent transfer or preference
Answer:Yes because he has 2,000 in dept and did not pay his dept when it was due
Explanation: your welcome
The total revenue and total cost functions are given as
TR=500-0.0002502
TC=361250+50+0.0002Q²
What is the profit maximizing quantity?
Answer Choices:
a. 43675
b. 30,000
c. 40,000
d. 50,000
Answer:
(d) 50,000.
Explanation:
hope this helps out!
your office is in theat of embezzlement that is going to after the image of your organization. But the information given has no any reality. write the related business document that will go against the threat that your office. consider company name is YLT LIMITED
The letter on the threat issue have been written in the spoace we have below.
How to write the letterTo Whom It May Concern,
I am writing to address recent rumors and false allegations that have been circulating about our organization, YLT LIMITED. We have become aware of a potential threat of embezzlement that is said to be occurring within our company, which is greatly concerning to us. However, we want to assure all stakeholders and the public that these claims are entirely baseless and without merit.
YLT LIMITED has always operated with the utmost integrity and transparency, and we take any suggestion of impropriety or wrongdoing very seriously. We have implemented strict controls and procedures to prevent any type of fraudulent activity, and we regularly monitor our financial transactions to ensure that all funds are being used appropriately.
We want to reassure our customers, employees, shareholders, and the general public that we are committed to maintaining the highest standards of business ethics and conduct. We will continue to investigate any claims of misconduct or illegal activity within our organization, and we will take swift and appropriate action if necessary.
Thank you for your continued support and trust in YLT LIMITED.
Sincerely,
[Your Name]
YLT LIMITED
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What is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.
News release is the one or more printed or electronic pages of material released to raise awareness of something or shine light on it. The option (E) is correct.
What does public relations publicity mean?Any information shared with the public through the media that has the power to alter public perception of a brand, organisation, person, or product is referred to as publicity. There is a mix of good and bad news because the entity being discussed doesn't manage or control the information.
What is an illustration of public relations and publicity?Campaigns in traditional media, sponsorships, product placement, social media campaigns, consumer education, and corporate social responsibility are a few examples of public relations.
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The complete question is below:-
A _____ is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.
A. feature article
B. house organ
C. press bulletin
D. media announcement
E. news release
What is collateral? What does it mean to give collateral?
Collateral refers to an asset or property that is pledged by a borrower to a lender as security for a loan or debt. Giving collateral means providing the lender with an asset or property that holds value and can be used to secure a loan.
Collateral acts as a form of guarantee that the borrower will fulfill their financial obligation to the lender. In the event that the borrower defaults on the loan, the lender has the right to seize and sell the collateral to recover the amount owed. Common forms of collateral include real estate properties, vehicles, stocks, bonds, jewelry, or other valuable assets.
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What is value engineering?
Answer:
Value engineering (VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements.[1] The term "value management" is sometimes used as a synonym of "value engineering", and both promote the planning and delivery of projects with improved performance [2]
The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections at a risk of product and company reputation.
Due to the very short life spans, however, which is often a result of this "value engineering technique", planned obsolescence has become associated with product deterioration and inferior quality. Vance Packard once claimed this practice gave engineering as a whole a bad name, as it directed creative engineering energies toward short-term market ends. Philosophers such as Herbert Marcuse and Jacque Fresco have also criticized the economic and societal implications of this model.
Explanation:
Value engineering is a systematic analysis of the functions of various components and materials to lower the cost of goods, products, and services with a tolerable loss of performance or functionality. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost.
John feels that he owns an insignificant percentage of shares and he wants to sell his shares what otherwise would you offer him provide three points
If John purchased a minor share, he must replace it with other potentially profitable options.
What options does he have?There are several ways to invest in the financial market. The first is to buy a bond, also known as a fixed income security, in which he will receive interest along with the principal at maturity.
Second, he can analyse the market and find the best or most profitable share at the time, and then invest in that share to profit in the future.
He can also go to the option market, where he can pay a small amount of money as a premium or give the person the right to buy or sell the share in the future.
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_____ is a measure encompassing labor and all other factors of production.
Answer:
Total factor productivity (TFP)
Explanation:
Total factor productivity (TFP) is a measure encompassing labour and all other factors of production, including physical and human capital, technology, and natural resources.
Demand forecasting is not a speculative exercise into the unknown. It is essentially a reasonable judgement of future probabilities of the market events based on scientific background. Explain the statement by elaborating any 3 methods each from qualitative and quantitative methods of demand forecasting.
The statement means that demand forecasting is not a speculative or arbitrary process, but rather a scientific and rational exercise that involves analyzing data and making reasonable judgments based on past trends and current market conditions. There are two broad categories of methods used in demand forecasting: qualitative and quantitative.
How to explain the statementQualitative methods rely on subjective judgment and expert opinion, while quantitative methods are based on mathematical and statistical analysis of data. Here are three methods from each category:
Qualitative methods:Market research: This method involves collecting information through surveys, focus groups, and other techniques to understand consumer preferences, buying habits, and other factors that may affect demand. Market research can provide valuable insights into customer behavior and preferences, which can be used to inform demand forecasts.
Delphi method: This is a structured approach to collecting and analyzing expert opinions about future market trends. The Delphi method involves multiple rounds of surveys and feedback, with the goal of arriving at a consensus forecast based on the input of a diverse group of experts.
Jury of executive opinion: This method involves soliciting the opinions of a group of senior executives or managers within a company, who provide input based on their experience and knowledge of the market. The opinions are then combined to arrive at a consensus forecast.
Quantitative methods:Time-series analysis: This method involves analyzing historical data on sales and other market indicators to identify patterns and trends over time. This information can be used to make projections about future demand based on past performance.
Regression analysis: This method involves identifying the relationships between various factors that may influence demand, such as price, advertising, and economic indicators. These relationships are then used to create a model that can be used to forecast demand based on changes in these variables.
Artificial neural networks: This is a machine learning method that involves using algorithms to analyze large datasets and identify patterns and trends that may be difficult to detect using traditional statistical methods. Neural networks can be trained on historical data to make accurate predictions about future demand based on current market conditions.
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Buford sells an apartment building for $720,000. His adjusted basis is $500,000 for regular income tax purposes and $550,000 for AMT purposes.
a. Buford's recognized gain for regular income tax purposes is
b. Buford's recognized gain for AMT purposes is
c. Buford's AMT adjustment is and its value is
For normal income tax purposes, Buford has a gain that is valued at $220,000 ($720,000 - $500,000). ($720,000 - $550,000) Buford's recognised gain for AMT purposes is $170,000.
What serves as the stock's foundation when it is traded for property?The adjusted basis of the property you transferred to the corporation, increased by: Any gain realised by you, is the basis of the shares you get in exchange for that property.
What is the foundation of the goods acquired through a nontaxable exchange?Nontaxable Exchanges - A nontaxable exchange is one in which neither a gain nor a loss may be written off. In a nontaxable exchange, the basis of any property you get is often the same as the basis of the item you swapped.
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What is a partnership's primary flaw, as a legal structure for conducting business?
1.
The owners have unlimited liability, in that personal wealth can be taken to satisfy debts.
2.
The owners lack secrecy because regulations require firms to disclose financial results.
3.
The owners, who are limited partners, have limited liability and cannot lose more than they invested.
4.
The owners, who are general partners, have unlimited liability and may have to cover the debts.
Answer:
4
Explanation:
The primary flaw of partnership as a legal structure for conducting business is that the owners who are general partners have unlimited liability and may have to cover the debts. This means that the personal assets of the general partners can be seized to pay off any debts or legal obligations of the partnership, even if it exceeds the amount of money that they invested in the business. This can put the general partners at significant financial risk and make it difficult to attract new partners to the business.
Which of the following two markets classify the sale of newly issued five-year securities by the issuing company as ‘trading’?
1. primary market and the money market
2. primary market and the capital market
3. secondary market and the money market
4. secondary market and the capital market
Answer:
The correct answer is option 4: secondary market and the capital market.
Promotion is defined as a business activity that does not encourage the sale of a product or service.
True
False
Answer:
False
Explanation:
Promotion is promoting a product or service so that someone can buy it.
How did US 46th president won the election?
The 46th President of the United States is Joe Biden, and he won the 2020 presidential election by securing a majority of the electoral votes.
How did Joe Biden win the Election?In the United States, presidential elections are not won by popular vote but by an electoral college system. Each state is awarded a certain number of electors based on its population size, and the candidate who wins the popular vote in a state usually receives all of that state's electoral votes.
Joe Biden won the 2020 election by securing 306 electoral votes, while his opponent, the incumbent President Donald Trump, received 232 electoral votes. Biden's victory was largely due to winning key battleground states such as Pennsylvania, Michigan, and Wisconsin, where he flipped states that had previously voted for Trump in the 2016 election.
Biden also won the popular vote, receiving over 81 million votes, the most ever for any U.S. presidential candidate. The election saw record turnout, with over 159 million Americans casting their ballots.
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1 pts
Mary agreed in writing to work for Starbucks for three years as the manager of their Auburn store. The written contract states
that she will devote herself entirely to the business, giving it her full time, attention and skill, for which she will receive $60,000
per year in monthly installments of $5,000 per month. Mary worked for the first 12 months, when, through no fault of her own,
she was arrested and imprisoned for one month. Starbucks employed another manager and treated the contract with Mary as
breached and abandoned, refusing to allow her to return to work on her release from jail. What rights does Mary have under the
contract?
O None.
O She has a right to receive the remaining amount owed for the 24 months remaining on the contract.
O She has the right to receive $5,000 per month from Starbucks until she can secure a new job.
O She has the right to return to work after her release, and Starbucks is contractually obligated to let her return.
She has the right to receive the remaining amount owed for the 24 months remaining on the contract.
What is contract?A contract is a legally enforceable agreement between two or more parties that creates an obligation to do, or refrain from doing, a particular thing. It is a binding agreement that can be enforced by a court of law if one or more of the parties fails to meet their obligations. Contracts can range from simple verbal agreements to complex, multi-page documents. Generally, for a contract to be valid and enforceable, there must be an offer, acceptance of the offer, consideration, and an intention to create a legal relationship. All parties must have the capacity to enter into a contract, meaning they must be of legal age and of sound mind.
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Question 4 of 20
Which person would most likely purchase a life insurance policy with a $1
million death benefit?
Answer:
the BIG one
Explanation:
monkie