Jack was walking to his office when he bumped into an old friend, Joy, with whom he went to school many years ago. After chatting for a little bit, Jack discovered that Joy was looking for an office space for her business, and Jack happened to have an empty office that he wasn’t using. Jack said, “Would you like to use my empty office?” Joy replied, “Yes, that would be great! Thank you so much.” The next day, Joy moved into the office with all of her “stuff.” Her“stuff” consisted of aromatherapy and within a day it was giving Jack a headache. Jack didn’t say anything and just suffered through it as he figured he could use the extra income from rent. At the end of the month, Jack provided to Joy an Invoice for $400 which, historically, has been the rent for that office. Joy came running in to see Jack to exclaim, “What!? I didn’t know I had to pay that much. I can pay $200 and that’s it.” Jack said, “Ok, as long as you have the money to me by this Friday and you provide to me six months post-dated cheques.” That Saturday, Jill brought $200 cash to Jack but did not bring the post-dated cheques. Is there a valid contract? Why or why not? Case study
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Jack was walking to his office when he bumped into an old friend, Joy, with
whom he went to school many years ago. After chatting for a little bit, Jack
discovered that Joy was looking for an office space for her business, and Jack happened to have an empty office that he wasn’t using. Jack said, “Would you like to use my empty office?” Joy replied, “Yes, that would be great! Thank you so much.” The next day, Joy moved into the office with all of her “stuff.” Her“stuff” consisted of aromatherapy and within a day it was giving Jack a headache. Jack didn’t say anything and just suffered through it as he figured he could use the extra income from rent. At the end of the month, Jack provided to Joy an Invoice for $400 which, historically, has been the rent for that office. Joy came running in to see Jack to exclaim, “What!? I didn’t know I had to pay that much. I can pay $200 and that’s it.” Jack said, “Ok, as long as you have the money to me by this Friday and you provide to me six months post-dated cheques.” That Saturday, Jill brought $200 cash to Jack but did not bring the post-dated cheques. Is there a valid contract? Why or why not?
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