Brady Accepts What He Believes Is an Offer to Work

question 20

Multiple Choice

Brady accepts what he believes is an offer to work for Canyon River Adventures,Inc.,as a tour and fishing guide.In determining whether a contract has been formed,an element of prime importance is

• A)the price to be paid.
• B) the duration of the work.
• C)the intent of the parties.
• D)the subject of the contract.

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Definitions:

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively management is using a company’s assets to create profits.

Total Debt Ratio

A financial metric that compares the total amount of a company's debt to its total assets, indicating the extent to which a company's operations are financed by debt.

Net Working Capital Turnover

A measure of how effectively a company is using its net working capital to generate sales.

Total Fixed Assets

The cumulative value of all long-term tangible assets that a company owns and uses in its operations, and are not intended for resale within the business year.