A promise lacks consideration if a person promises to perform an act or do something he is already under an obligation to do. this is called

Ashley had $10,000 in credit card debt. She negotiated a settlement with the credit card company, and the credit card company agreed to cancel $6,000 of the debt.

Wavy Company had a beginning work in process inventory balance of $ 32 comma 900$32,900. During the year, $ 54 comma 700$54,700 of direct materials was placed into production.

You would like to sell 290 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.50 and $4.46, respectively. You place a limit sell order at $4.49. If the trade executes, how much money do you receive from the buyer?

Leker exchanged a van that was used exclusively for business and had an adjusted tax basis of $20,000 for a new van. The new van had a fair market value of $10,000, and Leker also received $3,000 in cash.

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year.

In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period, A) the second-period demand curve will become horizontal. B) the second-period demand curve will become unit elastic.

Raul came to the United States from Mexico three months ago and he is still having trouble understanding Americans' tendency to rush all the time. He is also surprised when his teachers are irritated if he joins class a while after class has started.

Suppose you deposit $1 comma 2001,200 cash into your checking account. By how much will the total money supply increase as a result when the required reserve ratio is 0.

What type of saving account is a Christmas Club account

Question 2 (10 Marks) In Andalusia Ltd, wages are paid on a weekly basis (40 hours per week) at a guaranteed hourly rate of RM2.80. It is estimated that the time required to manufacture a particular product was 12 minutes.