Customers to use when listening the samples of music

Assignment Help Financial Management
Reference no: EM132032540

Contract law. using IRAC method to answer, 700 words

David owns a music store. He wants to encourage more customers to visit the store so he decides that he will put in massage chairs for customers to use when listening the samples of music. David enters a contract where he will hire 5 massage chairs from Emily for a price of $300/month for six months. Three months later, David discovers that the massage chairs are not bringing any additional business. David talked to Emily about this. Emily promises that she will reduce the price of the chairs to $200/month for the remaining three months of the contract. Six months later David receives the invoice from Emily for the full amount of $300/month x three months, not the $200 x three months he was expecting to pay based on the promise made by Emily. David is happy to pay the reduced amount, but does not think that he is required to pay the full amount. Advise David.

Reference no: EM132032540

Questions Cloud

What will the balance on the account be after five years : If I deposit $1,000 and then do not make any additional deposits or withdrawals, what will the balance on the account be after 5 years?
Control weaknesses for acquisitions and cash disbursements : List the most important internal control weaknesses for acquisitions and cash disbursements.
What is the new price of the forward contract : What is the forward price of your contract? What is the new price of the forward contract?
Compute the cash flows at the end of each trading day : Compute the cash flows at the end of each trading day, and compute your total profit or loss at the end of the trading period.
Customers to use when listening the samples of music : He wants to encourage more customers to visit store so he decides that he will put in massage chairs for customers to use when listening the samples of music.
What is the target debt to equity ratio : The company's cost of equity is 12%, pre tax cost of debt is 8%. If the tax rate is 0% then what is the target debt to equity ratio?
What is the weighted average cost of capital wacc : The relevant tax rate is 40%. What is the weighted average cost of capital WACC.
What is the project payback period : Patterson Co. is considering a project that has the following cash flows. What is the project’s payback period?
Cash dividend on both common and preferred stock : December 1 Declare a cash dividend on both common and preferred stock of $1.70 per share to all stockholders of record on December 15.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd