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Mariulka [41]
2 years ago
6

Ty, a merchant, wrote to Marcus: "August 1, I offer to sell you one Model A Desktop Computer system, price $1,000. This is a fir

m offer for 30 days from the above date. (Signed) Ty." (a) On August 10, Marcus received a letter from Ty: "I hereby revoke my offer of August 1." On August 17, Marcus wrote to Ty: "I hereby accept your offer of August 1." Is there a contract? Explain.
Business
1 answer:
vova2212 [387]2 years ago
7 0

Answer:

No contract between the two parties.

Explanation:

There is no contract in the case of Marcus and Ty.

A firm’s offer is binding during a specified time period unless validly revoked by the offeror. The offeror, Ty, has the power to withdraw the offer before the offeree, Marcus, accepts the offer because it is a promise made without any consideration. In the case of Marcus and Ty, the date of receipt of revocation letter by Marcus is before the time that he dispatched his acceptance. Therefore, the offer was validly revoked by Ty, and there is no binding contract between the two.

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Vanguard has an overall (composite) WACC of 10%, which reflects the cost of capital for its average asset. Its assets vary widel
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The projects which maximize Vanguard's shareholder wealth are Project A; Project B; Project D.

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As a result, Project A with Expected return of 15% and risk adjusted WACC of 12%; Project B with Expected return of 12% and risk adjusted WACC of 10%; Project D with Expected return of 9% and risk adjusted WACC of 8%; are the projects that maximize the shareholder's value.

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A number of things organizations can do prior to change to prepare employees include which of the following?
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The correct answer is Allow employees to particpate.

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6 0
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Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 2,700 units ar
Fynjy0 [20]

Answer:

Total cash disbursement= $40,210

Explanation:

Giving the following information:

The sales budget shows 2,700 units are planned to be sold in March. The variable selling and administrative expense are $3.20 per unit.

The budgeted fixed selling and administrative expense are $35,770 per month, which includes depreciation of $4,200 per month.

Th<u>e depreciation expense is not a cash disbursement. </u>

Total cash disbursement= total variable cost + total fixed cost

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3 0
2 years ago
A Chinese exporter sells $200,000 of toys to a French importer. The Chinese exporter requires the French importer to obtain a le
GuDViN [60]

Answer:

0.0416483 or 4.16%

Explanation:

Annual percentage rate, APR = 4%

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N = 365 ÷ 90

= $200,000 × [1 - (0.04 × 90/360)]

= $198,000

Effective annual financing cost:

=(\frac{Value\ of\ toys\ sold}{Calculated\ value} )^{\frac{365}{90} }-1

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4 0
1 year ago
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