A contract is made by an Advertising Agency to make an advertisement once the payment is released but the date that is on the contract is 12-12-2018 by mistake. The above example is an example of Unenforceable contract. Answer as YES OR No? Give reason to support your answer in part a
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A contract is made by an Advertising Agency to make an advertisement once the payment is released but the date that is on the contract is 12-12-2018 by mistake.
- The above example is an example of Unenforceable contract. Answer as YES OR No?
- Give reason to support your answer in part a
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- The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 90% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary he receives at $150,000 profit plus 10% of company profits in excess of $150,000.How do you plot the annual compensation of the vice president as a function of annual profit?The lot of M is located near the market of Purok 2. M was in need of money so instead of selling the lot for its full price of P3Million, he sold it for P100,000.00. Is the contract of sale valid? A. Yes. The gross inadequacy of the price does not render the contract invalid. B. Yes. The property is properly located and identified. C. No. M cannot sell a lot for a very low price. It shows that he has no intention to really sell it. D. No. M must first obtain the permission from the Bureau of Internal Revenue if he can sell the property for a very low price.A ten-year term insurance is be issued to a life aged 50. The sum insured is $200,000 and payable immediately upon death. Premium payments are annual in advance. a) Using the SOA Standard Ultimate Life Table at i = 5% and UDD, compute the net annual premium determined by the equivalence principle. b) Find the probability that this contract makes a profit. c) Compute the gross premium determined by the equivalence principle if the initial expense is $500 plus 10% of the first premium, and if there is a renewal expense of 2% of the annual premium payment for the second and all subsequent premium payments.
- Assume that on Friday, August 1, you buy one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97800. The initial margin requirement is $2500 and the maintenance margin requirement is $2000. The settlement price of the contract at closing on that day is $97400. The settlement price of the contract at closing on the next business day (August 4) is $98000. Your margin account balance at the end of the day on August 4 is $_______Q13 THIS IS NOT GRADED....PRACTICE REVIEWBig Bird Air is legally obligated to purchase 50 jet engines from ERUS at the end of two years at a price of $200,000 per engine. Confident that it is protected from opportunism with this contract, Big Bird begins making aircraft bodies designed to fit ERUS’s engines. Due to unforeseen events in the aerospace industry, in the second year of the contract ERUS is on the brink of bankruptcy. It tells Big Bird that unless it increases the engine price to $300,000, it will go bankrupt. 1. What should the manager of Big Bird Air do? 2. How could this problem have been avoided? 3. Did the manager of Big Bird Air use the wrong method of acquiring inputs?
- Suppose a bank grants a loan to one customer for a term of five years. The customer promises the bank an annual interest payment of 10 percent. The face (par) value of the loan is $1,000 which is also the current market value as the loan’s current YTM is 10 percent. What is the loan’s duration?Please answer as quickly as possible Assume the ORI = 4 years. Under what conditions would the procedure in the picture below be unnecessary, or alternatively, why is it necessary here (under the assumption that the ORI = 4 years)?A new partner contributes accounts receivable to a partnership, which appears in the ledger of his sole proprietorship at $20,500, and there was an allowance for doubtful accounts of $750. If $600 of the accounts receivable are completely worthless, the partnership Accounts Receivable should be debited for $19,900. Question 6 options: True False
- The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 90% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary he receives at $150,000 profit plus 10% of company profits in excess of $150,000. How do you plot the profit of buying the company as a function of annual profit when you assume the company will be worth 10 million in five years?The price of a non-dividend paying stock is currently S = 100. Over the next year, it is expected to go up by 25% or down by 20%. The risk-free interest rate is r = 5% per annum with continuous compounding. How many units of the stock should you include in a portfolio containing a European Put option that gives the right to sell 100 units of the stock at a strike price K = 100 each, for the result of this portfolio to be independent of the price of the stock in 1-year time? Select one. a. 0 b. 22 c. 44 d. 33 e. 11A federal government contractor is considering buying a software package at a cost of $450,000. The software company will charge an annual maintenance fee of $25,000 payable at the beginning of each year including the very first year. The contracting company is bidding on a four-year government contract. The equivalent uniform annual cost of the software that should be included in the bid at an interest rate of 20% is ______.