Mr. White enters into a contract to sell a car to Joe Jr. who is 15 years old and is considered a minor in the state where he lives. What is the status of the contract that Mr. White and Joe Jr. entered into

Answers

Answer 1

The status of the contract that Mr. White and Joe Jr. entered into  voidable and is enforceable until Joe Jr cancels it.

What is contract?

Contract can be defined as a legal agreement between two people or between two parties.

If Joe Jr. is considered a minor the contract between the two parties is valid in the court of law except Joe Jr decide to terminate or end the contract between him and Mr White.

Therefore the contract is voidable and is enforceable.

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Related Questions

You are really hungry and have been wanting to eat pizza all day. Instead of ordering a medium, you order a large. However, after about 4 slices, you don’t want anymore. This is an example of which factor?
Responses

diminishing personal value
diminishing personal value

substitutes
substitutes

buying power
buying power

diminishing marginal utility

Answers

The fact that you ordered a large pizza but after 4 slices, don't want anymore is an example of diminishing marginal utility.

What is diminishing marginal utility?

Diminishing marginal utility refers to an economic principle that talks about how the utility or satisfaction that a person gets from each additional unit of an item increases at first, and then decreases.

For instance, the person was really hungry and then ordered a large pizza to be satisfied. But as they ate more slices, they were satisfied less and less and eventually ended up wanting no more slices of pizza.

In conclusion, this is diminishing marginal utility.

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Check my work (2 remaining) vladimir is a manager at auttowort inc., an automotive plant in the united states. Auttowort has started expanding to other countries and is now sourcing 25 percent of its parts at a discounted rate from an automotive supplier in brazil. It has also outsourced some of its operations to india. This scenario most likely exemplifies:

Answers

Answer:

Globalization

Explanation:

Globalization can be defined as a process of integration and/or interaction between people, governments and companies all over the world. It can also be said to be the process by which people, companies or governments develops international influence.

Like the definition above, Auttowort Inc. is expanding to other countries(i.e Auttowort is starting to grow its influence in the other countries), as well as sourcing for materials from Brazil and India.

Cheers

Why is communism disappearing?

Answers

Answer:

communism is disappering  Because of the overpowering status of Capitalism.

Explanation:


What steps can Janet take to avoid falling prey to
deceptive advertising? (select all that apply.)

What steps can Janet take to avoid falling prey todeceptive advertising? (select all that apply.)

Answers

The steps that Janet can take to avoid falling prey to deceptive advertising are the following:

Do her researchKnow what she wantsTrust her judgement

However, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.

The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.

It is generally unethical for a company to mouth a deceptive advertising.

Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.

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State which accounting document would show the amount of trade discount.​

Answers

The accounting document that would show the amount of trade discount is the sales invoice.

The sales invoice is an accounting document that provides a detailed breakdown of a sale transaction between a seller and a buyer. It includes important information such as the quantity, description, and price of the goods or services sold. Additionally, it also shows any applicable discounts or deductions.

When a trade discount is offered, it is typically stated as a percentage off the list price or the regular selling price of the goods. The sales invoice will include this trade discount amount as a deduction from the original selling price. It allows the buyer to see the discounted price they are being charged for the goods or services purchased.

The inclusion of the trade discount on the sales invoice serves several purposes. It provides transparency to the buyer by clearly showing the discount applied and the resulting reduced price. It also helps in accurately recording the sale transaction in the accounting records of both the seller and the buyer.

Furthermore, the trade discount amount shown on the sales invoice is important for financial reporting purposes. It helps in determining the net sales revenue, which is the revenue earned by the seller after deducting any trade discounts or allowances. This information is crucial for calculating the gross profit and determining the overall financial performance of the business.

In summary, the sales invoice is the accounting document that would show the amount of trade discount. It provides a clear breakdown of the sale transaction, including any trade discounts applied, ensuring transparency and accurate recording of the sale.

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Team players are sought-after employees
True
False

Answers

Answer:

true,

Explanation:

Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:

(Choice A)
A
The supply of the resource exceeds the demand of the resource.

(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.

(Choice C)
C
There is a demand for that resource with limited supply.

(Choice D)
D
There is limited supply of a resource with no demand for that resource.

(Choice E)
E
The resource has unlimited supply and limited demand.

Answers

There is a demand for that resource with limited supply  are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.

As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply   growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.

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Eight years ago Zack& Co. had purchased an equipment fo: $1,200,000. This equipment was being depreciated on a straight line basis over a 12 year period to a 300,000 salvage value. The equipment has six more years of economic life. During this period the annual revenues and operating costs assocaited with this machine are expected to be $388,000 and $87,500, respectively. Zack is now considering replacing this machine with a more modern one. The old equipment can now be sold for $180,000. Investment in net working capital is expected to increase by $132,000 as a result of the investment. The new machine will cost $1,500,000 and another $120,000 will be needed to modify it. This machine falls into the ACRS 5-year class life. It. is also expected to have an economic life of SiX years. The annual revenue and operating costs from the new machine are expected to be $750,000 and $58,000, respectively. At the sixth year Zack expects to sell the nes machine for $180,000. Zack's marginal tax rate is 34%. The equipment will be equity financed. (14 pts.) 1 Please calculate Zack's Net Investment and the Net Cash flows for the next six years if the replacement decision is made.

Answers

The net investment for the replacement decision is $1,512,000 and the net cash flows for the next six years are -$186,600, $322,800, $436,000, $386,000, $347,800, and $293,400 respectively.

To calculate the net cash flows for the next six years, we need to calculate the annual depreciation expense for the new machine using the ACRS depreciation method, which is $240,000 for the first year and $360,000 for the second year.

We also need to calculate the tax savings from the depreciation expense, which is $81,600 for the first year and $122,400 for the second year. Then, we can calculate the net operating cash flows for each year by subtracting the operating costs and taxes from the revenues.

Finally, we can calculate the net cash flows for each year by subtracting the net operating cash flows, the investment in net working capital, and the annual loan payments from the tax savings. At the end of the sixth year, we add the salvage value of the new machine and the salvage value of the old machine to get the total net cash flow.

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the petty cash fund should be replenished for the a.amount needed to bring the petty cash fund back to its established amount. b.total amount for which the account was originally set up. c.amount of expenses estimated for the next period. d.amount of receipts plus cash on hand.

Answers

the petty cash fund should be replenished for the amount needed to bring the petty cash fund back to its established amount.

The term "petty cash" refers to a little sum of discretionary money in the form of cash that is used for expenses when it would be inconvenient and expensive to write, sign, and pay a check.

Petty cash accounts must be kept in installments. To make sure that the available cash and the authorized petty cash vouchers add up, the custodian(s) should balance the fund every day. Petty cash withdrawals are restricted to $50 or less per person, each month.

The Petty Cash Fund must be refilled on a regular basis or when there is a shortage of cash, according to the custodian. The Petty Cash Fund must be replenished at least once to restore it to its approved balance because Petty Cash is a loan from Banking & Merchant Services.

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what do you mean by teaching profession? write with example.​

Answers

Answer:

Teaching is the specialized application of knowledge, skills and attributes designed to provide unique service to meet the educational needs of the individual and of society. The choice of learning activities whereby the goals of education are realized in the school is the responsibility of the teaching profession.

Answer:

Teaching is the specialized application of knowledge, skills and attributes designed to provide unique service to meet the educational needs of the individual and of society. The choice of learning activities whereby the goals of education are realized in the school is the responsibility of the teaching profession.

Explanation:

It is impossible to completely pay off a mortgage loan and own a house.

Answers

It is possible to completely pay off a mortgage loan and own a house. A mortgage loan is a type of loan used to purchase a property or house. It typically comes with a repayment plan over a certain number of years.

Once the mortgage loan is paid in full, the borrower owns the house outright and is no longer required to make any more payments to the lender. Therefore, it is possible to completely pay off a mortgage loan and own a house. However, it is important to note that owning a house also comes with ongoing expenses such as property taxes, insurance, and maintenance costs.

A mortgage is a loan taken out to buy a property, and the borrower agrees to pay back the loan over a specific period, usually 15 to 30 years. By making monthly payments towards the principal and interest, the borrower can gradually reduce the outstanding balance on the mortgage. When the mortgage is fully paid off, the borrower owns the house without any debt obligations.

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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped

Answers

The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.

What are investing activities?

Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.

Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.

Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.

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Answer:

"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."

Explanation:

I got it right on plato


If the marginal benefit of the first donut is 30, the marginal benefit of the second donut is 15, and the marginal benefit of the third donut is 10,
what is the total benefit from eating 2 donuts?

Answers

Answer:

45

Explanation:

Marginal benefit is the additional satisfaction gained from consuming an additional unit of the good. It refers to the advantage associated with the consumption of one more unit of a product. The total benefit is total satisfaction derived from the consumption of goods and services.

The total benefit of consuming two doughnuts is the sum of consuming the first two doughnuts.

= 30 +45

=45

If martha states that the company needs to sell at least $60,000 of merchandise in the month of december, then this is.

Answers

If martha states that the company needs to sell at least $60,000 of merchandise in the month of december, then this is attainability

What does the term attainability mean?

This has to do with the capability that would need to be there to guarantee that anything is feasible. It has to do with how quickly something can be completed. If the desired outcomes are impossible to practically obtain, there is no use in setting any goals at all. Relevant: The realities of the business market and the state of the economy serve as the foundation for company goals.

As a result, when people didn't achieve their goals, we can say that they weren't attainable. For example, if Martha's employees think they won't be able to sell $60,000 worth of goods, then there will be issues with attainability.

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2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.

Answers

Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.

A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.

The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.

Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.

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Posted this question already and no response.

Posted this question already and no response.

Answers

Answer: A medium of exchange

Explanation:

the legal contract between the bondholders and the issuer is called the bond ______.

Answers

The legal contract between the bondholders and the issuer is called the bond indenture.

A bond indenture is important as it helps to protect the interest if the stakeholders and also lowers the chance of default.

It should be noted that the indenture list provides the details of a bond. It helps in ensuring transparency. Therefore, the legal contract between the bondholders and the issuer is called the bond indenture.

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Would you consider Unions successful? Why or why not?

Answers

Answer:

yes because have been enormously successful at getting their members excellent wages, benefits and working conditions.

hope this helps

have a good day :)

Explanation:

according to the e-waste in south africa video case, what has resulted in a business opportunity for bolunga electronic waste company to provide recycling e-waste services?

Answers

According to the e-waste in South Africa video case, the availaiblity of e-waste provides a business opportunity for bolunga electronic waste company to provide recycling of e-waste services.

What is an Electronic waste?

An electronic waste refers to a discarded electrical or electronic devices. These used electronics device, which are destined for refurbishment, reuse, resale, salvage recycling through material recovery or disposal are also known as e-waste.

According to the UN’ Global e-waste Monitor report, an approximate of 360,000 tons of e-waste is generated annually in South Africa and Gauteng is responsible for about 55% of it since it is the economic center of the country.

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When you add the value of a Maryam's benefits to her salary how much is she earning per year​

Answers

82,500Answer:

Explanation:

Select the correct answer.
Read this excerpt from a college entrance essay:
I started a small landscaping business last summer so I could help pay for my hockey uniform and the program fees. Landscaping is hard work,
especially on hot summer days. But I enjoyed being outside and I liked earning some extra money. By the end of the summer, I doubled the
number of my clients, and I paid for new skates. So through this small venture, I glimpsed the rewards that come with being an entrepreneur
What conclusion does the writer make in this paragraph?
A Mowing lawns can be hard work, but it's worth the money earned,
OB. The experience helped the writer learn the benefits of starting a business,
OC. The writer was able to double his or her client base through hard work

Answers

The conclusion that the writer made at the end of the story is that  The experience helped the writer learn the benefits of starting a business.

What is the summary of the excerpt?

The writer takes the reader through the journey of how she started a business and the way she got customers for the business.

The ending of the story tells us that she looked on at the rewards she got from the act of starting the business at the end of it. Hence option B is correct.

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I need help ASAP with personal finance

Answers

AnswER:

What do you need help with

Explanation:

How many potential threat indicators does a person who is playful and charming, consistently wins performance awards, but is occasionally aggressive in trying to access sensitive information display?

Answers

Answer: 1 indicator

Explanation:

A person who is occasionally aggressive in trying to access sensitive information display possess one indicator threat, despite being playful and charming, and onsistently winnimg performance awards.

There is one indicator of insider threat from such a person who is playful and charming, consistently wins performance awards, but sometimes tries to aggressively access sensitive information.

What is an insider threat?

An insider threat is a security risk that may be attributed to someone from within a company.

In the given case, there lies one indicator of a potential insider threat as the person involved gets aggressive when he is trying to access sensitive information about the organization which involves risk.

Hence, there is one indicator of potential insider threat in this case as the person involved shows suspicious behavior while collecting sensitive information about the company.

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The gold standard for mini studies is blank how to spot bad science

Answers

The gold standard for mini studies is not applicable as mini studies are not considered as reliable sources of evidence.

In order to spot bad science, it is important to look for red flags such as small sample sizes, lack of control groups, cherry-picked data, and conflicts of interest.

Mini studies, also known as pilot studies or exploratory studies, are small-scale investigations that are often conducted as a preliminary step before conducting larger studies.

Although they can provide useful insights and generate hypotheses, they are not considered as reliable sources of evidence due to their limited sample sizes and lack of statistical power.

To spot bad science, it is important to look for red flags such as small sample sizes, lack of control groups, cherry-picked data, and conflicts of interest. Additionally, it is important to assess the quality of the research design, methodology, and statistical analysis, as well as to consider the potential biases and limitations of the study.

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How do effective leaders benefit a business?:​

Answers

A leader cheers up the gang and makes people wanna strive hard and en-suite to be like them. It also creates loyalty which is good for business. Leaders also give clarity.

Wigmore, incorporated, has estimated sales of $20,200, $21,825, $20,170, and $21,900 for each quarter next year, respectively. The accounts receivable period is 75 days. What is the expected accounts receivable balance at the end of the second quarter? assume each month has 30 days

Answers

The expected accounts receivable balance at the end of the second quarter is $11,250.

This represents the amount of money that Wigmore, Incorporated can expect to receive from its customers who have purchased goods on credit during the second quarter.

To calculate the expected accounts receivable balance at the end of the second quarter, we first need to calculate the total credit sales for the quarter.

The credit sales for the second quarter can be calculated as follows: Credit sales for Q2 = (Sales for Q2 / number of days in a year) x accounts receivable period Credit sales for Q2 = (21,825 / 365) x 75 Credit sales for Q2 = $4,500

We need to calculate the accounts receivable balance at the end of the second quarter, which is equal to the total credit sales for the quarter multiplied by the accounts receivable period:

Accounts receivable balance at the end of Q2 = Credit sales for Q2 x accounts receivable period

Accounts receivable balance at the end of Q2 = $4,500 x (75 / 30) Accounts receivable balance at the end of Q2 = $11,250

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Joint costs are ______. Multiple choice question. economically attributable to all end products irrelevant in decisions regarding what to do with a product after split-off common costs that must be allocated to make decisions about the individual products increased or decreased after the split-off point

Answers

Joint costs are irrelevant in decisions regarding what to do with a product after split-off.

The reason for this answer is because they are not relevant for the decision to either sell or to process further.

The costs are the same. It does not matter if you are to sell at a split off or not. We can then regard it as either a past or sunk cost. In summary it means that they have being paid off already.

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Which description is the best example of physical capital?
A. A doctor with expertise in medicine
B. A miner with experience digging for coal
C. A machine that tests new car engines
D. A new law regulating trade in a country

Answers

Answer:

C. A machine that tests new car engines

Explanation:

it's man-made

The correct option is C. A machine that tests new car engines is the best example of physical capital.

Assets that a company owns and uses, including buildings, machines, and cars, are referred to as physical capital.

What are physical capital and its types?

Physical capital refers to the range of inputs needed at each step of manufacturing. There are two forms of physical capital: working capital and fixed capital. Fixed capital includes a variety of tools and machines. The cash on hand to cover your immediate, short-term requirements is known as working capital.

Physical capital is made up of physical, man-made items that businesses invest in or purchase and employ to manufacture things. Physical capital assets that are reusable and not consumed during production, such as manufacturing equipment, also fall under the category of fixed capital.

Thus, The right answer is C. The best illustration of physical capital is a machine used to test new automobile engines.

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What is Sheil , ????​

Answers

Answer:

1. a pasture or grazing ground. 2. a shepherd's or herdsman's hut or rough shelter on or near a grazing ground. Also: shealing, shiel.

Explanation:

Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry

Answers

Answer:

D

Explanation:

It was never made when Earth was made

Answer:

jewelry not resource this is a correct answer

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the speed of a car, measured in miles per hour, was determined 10 times at random. the results are 22, 43, 35, 32, 41, 28, 29, 30, 37, and 43 miles per hour. construct a 95% confidence interval for the mean speed of this vehicle. 9. What strategy is most appropriate for Hulu to implement as itexpands its video streaming services to new internationalmarkets?a. Globalb. Multidomesticc. Franchisingd. Exporting Convert 8 meters into feet. an inductor used in a dc power supply has an inductance of 13.0 hh and a resistance of 160.0 . it carries a current of 0.350 aa.(a) What is the energy stored in the magnetic field?(b) At what rate is thermal energy developed in the inductor?(c) Does your answer to part (b) mean that the magnetic-field energy is decreasing with time? Explain. What is the range () function give example? Kiara is working on a project that explores and discusses consumer goods. What are some items that she might discuss within her project?A. Raw materials such as cotton and lumberB.Furniture, portable electronics, and beveragesC. Automated machinery, like a T-shirt press machineD.Renewable and natural resources One cell from an organism has a cell wall but no mitochondria will this organism be multicelluar or unicelluar Work out the area of the shaded shape.6m7m10m8m Which statement accurately describes the aim of the Constitution and the states in regard to elections?a. The Constitution includes guidelines for all state and national elections, and it requires the national government to establish eligibility requirements for the states.b. The Constitution divides the responsibility for holding elections equally between the federal government and the statesc. The Constitution is specific about the dominant role of the federal government in holding elections, and the states play a limited role.d. The Constitution is silent on the rules about voting in elections, leaving such choices to states. Sandy ate 1/6 of a candy bar. John ate 3/4 of it. How much more of the candy bar did John eat than Sandy?Explain how you solved.step by step plesae AM TIMED Courtney needs to find 2,495 48. In which place should she write the first digit of the quotient?A. OnesB. tensC. HundredsD. Thousands An object is accelerated 1.25 m/s2. What is the mass if the net force is 60 N? PLS HELPPPPPPPPPPPP which revision of the sentence uses an adjective phrase to add more detail? maya wrote a letter to her best friend. What is the median of the following data set?{5, 2, 9, 7,4}A.5B.7C.8D.9 A company's net income for financial statement purposes is 30,0000 included this amount are the following 40,000 gain from the sale of class 8 equipment for 60,000 that had an original cost of 330,000 and a net book value of 20,000, amortization expense of 25,000 and client entertainment expenses of 13,000. The undepreciated capital loss (UCC) of class 8 at the beginning of the year was 8,000. The capital cost allowance CCA computed on all other depreciable assets was 7,500 what is the net income for tax purposes? 284,000290,500324,000330,000 this is the bacteria that most people are familiar with Given the two rectangles below. Find the area of the shaded region. What is the population for the following situation?What is the average cost of a 48 inch screen TV in the state of Oregon? All the following are roles of Congress except:a. Make lawsc. Try to get reelectedb. Propose billsd. Choose the Secretary of State Cost of 5kg of wheat is Rs. 91.50. What quantity of wheat can be purchased in Rs. 183? (Topic- Ration and Proportion)