Answer:
Void
Explanation:
Void is the term of law, which is defined as the contract is not valid currently, and the parties of the contract are not held to its terms. The void contract is the one which is generally unenforceable.
The contract could be void because of many reasons like the contract need one party to perform that act which is impossible or in that case, where one party is not mentally incompetent.
So, in this case, the contract is most likely to be void as the contract with the party who is mentally incompetent, though the party has not been adjudged through court.
Answer:
Option (B) is correct.
Explanation:
Given that,
Required reserve ratio = 15 percent
Bonds sell to public = $25.5 million
Bank reserves decreases by $25.5 million because of the purchasing of bonds from the Fed.
Money multiplier:
= 1/Required reserve ratio
= 1/0.15
= 6.67
Therefore, the money supply decreases by:
= Money multiplier × $25.5 million
= 6.67 × $25.5 million
= $170 million
Answer:
267,785.95
Explanation:
28400 X (1.098)^7 = 267,785.95
Answer:Use only personal contact information when establishing your personal account
Explanation:
Answer:
The numbers of product A must be sold to break-even are 800 units
Explanation:
The break-even point is calculated by using following formula:
Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = Fixed expense/weighted-average contribution margin per unit = $400,000/$100 = $4,000 units
Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%.
The numbers of product A must be sold to break-even = $4,000 x 20% = 800 units