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Kay [80]
2 years ago
5

Acceptance. Altisource Portfolio Solutions, Inc., is a global corporation that provides real property owners with services, such

as property preservation—repairs, debris removal, and so on. Lucas Contracting, Inc., is a small trade contractor in Carrollton, Ohio. On behalf of Altisource, Berghorst Enterprises, LLC, hired Lucas to perform preservation work on certain foreclosed properties in eastern Ohio. When Berghorst did not pay for the work, Lucas filed a suit in an Ohio state court against Altisource. Before the trial, Lucas e-mailed the terms of a settlement. The same day, Altisource e-mailed a response that did not challenge or contradict Lucas’s proposal and indicated agreement to it. Two days later, however, Altisource forwarded a settlement document that contained additional terms. Which proposal most likely satisfies the element of agreement to establish a contract? Explain.
Business
1 answer:
baherus [9]2 years ago
5 0

Answer:

Throughout the clarification segment elsewhere here, the definition including its issue is mentioned.

Explanation:

  • The very first e-mailed submission from Altisource that doesn't even dispute Lucas' suggestion would have been the proposal which most definitely meets the part of the arrangement to create a contract. It is when Altisource's e-mail was approved that they committed to it. Today, if a new arrangement with added provisions is presented two days after ratification, it can not be accepted as an aspect of the binding agreement.
  • If they could have some trouble with the arrangement, they could've just discussed the based distribution and therefore not approved the agreement. It would never be altered until they have approved it but the same could be known as either a contract arrangement.

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Suppose buyers of fountain drinks are required to send $0.50 to the government for every fountain drink they buy. Further, suppo
Mekhanik [1.2K]

Answer:

d. All of the above are correct.

Explanation:

a. This tax causes the demand curve for fountain drinks to shift downward by $0.50 at each quantity.

b. The price paid by buyers is $0.30 per drink more than it was before the tax.

This is true as the difference between $0.50 and $0.20 is $0.30. The price paid by buyers is indeed $0.30 per drink more than it was before the tax.

c. Forty percent of the burden of the tax falls on the sellers.

This is true as $0.20 of $0.50 is 40% and this tax burden falls on the sellers.

8 0
2 years ago
The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the ye
Effectus [21]

Answer: $30,000

Explanation:

Sales are $800,000 and the average price is $40. Number of units sold is;

= 800,000/40

= 20,000 units

Sales                $ 800,000  

<em>Less</em>: Cost of Goods Sold                 ($560,000)  

Gross Margin                  <u>$240,000</u>  

Less : Variable Costing  

Selling Expenses (20,000 units X $3.00)                  ($60,000)

Administrative Expenses (5% of $ 800,000)               ($40,000)  

Contribution Margin               <u> $140,000</u>  

Less: Fixed Cost  

Selling Expenses ($100,000 - $60,000)                    ($40,000)  

Administrative Expenses ($110,000 -$40,000)                     ($70,000)  

Net Operating Income                  <u> $30,000</u>  

3 0
2 years ago
After documenting the client's prescribed internal control, the auditors will often perform a walk-through of each transaction c
tankabanditka [31]

Answer:

A. Verify that the controls have been implemented (placed in operation).

Explanation:

The companies should have a fair policy of internal controls. It should basically have a policy which regulates and monitors all the transactions of each individual. It shall certainly be developed so that the work of one individual is monitored by the other automatically.

When the documentation is done, of such policies and controls by the auditor, he shall satisfy himself by counter checking that the procedures and practices laid are implemented properly.

So that there are no loop holes, and the management shall be held responsible for any procedure documented and not followed practically.

3 0
2 years ago
Darren wants to impress his new girlfriend whose father is a nationally known race car driver. He drives his Lexus to the Chevro
kaheart [24]

Answer:

Darren bought a differentiated product.

Explanation:

The differentiated product enjoys a distinction from similar products/brands in the market.  This distinction may be real or psychological.  Real distinction reflects from the ingredients, quality, utility, or service which the product gives.  Psychological distinction is a feature of subtle sales appeals.

Other types of product include Customized, Augmented, and Potential Products.  Customized Products are built to customers' specifications.  Augmented Products are products with added manufacturers' improvements.  Potential Products are tomorrow's products limited by economic and technological resources.

8 0
2 years ago
Limpuntof Heritage Festival is an annual cultural event held in the country of Pompottis. A number of domestic companies extend
Brrunno [24]

Answer: Event marketing

 

Explanation: Event marketing is experiential marketing via special events of a company, facility or product. This generally involves direct communication with associates of a company.

It must not be mistaken with event management, that is a method under which activities are coordinated, supported and performed. Experiential branding incorporates the company communication model which seeks to connect with the audience additionally.

Experimental embraces a simple method that blends the image of a brand with interactive elements. This marketing style puts the intended audience in a live setting that might promote the intended result.

7 0
2 years ago
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