Haj Promises to Transfer to Johnny a Jukebox Worth $1000

question 30

Multiple Choice

Haj promises to transfer to Johnny a jukebox worth $1000.Which of the following is not valid consideration for Haj's promise?

• A)Payment by Johnny of $50 cash for the jukebox
• B)The transfer by Johnny to Haj of Johnny's car worth $3000
• C)A promise by Johnny to mow Haj's lawn every month for a year
• D)A promise by Johnny to buy something nice for Haj in return

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Definitions:

Dividend Yield

A fiscal metric indicating the annual dividend payout by a company compared to its share price.

Dividends Per Share

A measure of the dividend payment per share of stock issued, calculated by dividing the total dividends paid by the company by the number of outstanding shares.

Return on Assets

Return on assets (ROA) is a profitability ratio that measures how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Average Total Assets

A measure calculated by taking the sum of total assets at the beginning and end of a period and dividing by two, used to evaluate a company's asset utilization efficiency.