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2 years ago

Buyer Henry is going to accept seller Shannon's $282,500 counteroffer. When will this counteroffer become a contract.

Business

1 answer:

zhuklara [117]2 years ago

3 0

The counteroffer will become a contract C. When Henry signs the counteroffer.

Although Shannon is agreeing to the $282,500 and can't change that on her end after she has submitted it, Henry still has to accept it and sign for the counteroffer. For the counteroffer to be contractual they have to be signed because there may be other counter offers coming in that could take the place of Shannon's.

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Jervis sells $75,000 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 5% f

Natasha2012 [34]

Answer:

Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.

Explanation:

Step 1 of 2

Calculate the amount of factoring fee.

Factoring fee = 5% ×Account Receivable

=5%×$75,000

=$3,750

Step 2 of 2. Journey record. Image attached.

Debit cash by $71,250, factoring expense by $3,750 and credit account receivable by $75,000.

4 0

2 years ago

Textbooks, transportation and room and board are all...

Alex777 [14]

Answer:

b. additional costs for attending a college or university.

Explanation:

Textbooks, transportation and room and board are additional costs for attending a college or university.

They aren't included as part of tuition costs.

They are the real costs of attending college.

These costs needs to be considered when choosing a college.

I hope my answer helps you

6 0

2 years ago

You are looking to purchase a new car, and you expect to have annual maintenance costs to keep it running. According to your cal

Alenkinab [10]

Answer:

I should have $11,554.94 in my savings account today.

Explanation:

This can be calculated using the formula for calculating the present value (PV) of a growing annuity as follows:

PVga = (P / (r - g)) * (1 – ((1 + g) / (1 + r))^n) .................... (1)

Where;

P = maintenance costs in the first year = $150

r = interest per year = 2%, or 0.02

g = growth rate of maintenance costs = Expected annual increase in maintenance costs / maintenance costs in the first year = $100 / $150 = 0.666666666666667

n = useful life = 8

Substituting the values into equation (1), we have:

PVga = (150 / (0.02 - 0.666666666666667)) * (1 - ((1 + 0.666666666666667) / (1 + 0.02))^8)

PVga = 11,554.94

Therefore, I should have $11,554.94 in my savings account today.

7 0

1 year ago

Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the

oksian1 [2.3K]

Answer:

Contain Yourself!, a plastic container company, raises the price of its signature Lunchbox container from $3.00 to $4.00 . As a result, the quantity sold drops from 20,000 to 15,000 = unit elastic
Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5 = inelastic
Capital Metro decides to increase bus fare rates from $2.00 to $2.21 . Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day = elastic

Explanation:

The demand for unit elasticity is an intermediate situation between an elastic and an inelastic demand curve, in which the price elasticity is equal to one, which means that given variations in the price, the total income does not change (price per quantity). Eslasticity=1
Demand is inelastic when the percentage variation of the quantity demanded is less than the percentage variation of the price. Elasticity less than 1
Elastic demand is when a small variation in the price causes a more than proportional change in the quantity demanded. Elasticity more than 1

7 0

2 years ago

Which statement best describes a business creating an incentive, or a benefit?

muminat

Answer:

B. A restaurant offers a discounted price on a new type of dish.

Explanation:

Here are the options to this question :

Which statement best describes a business creating an incentive?

A. A factory increases production to respond to growing demand.

B. A restaurant offers a discounted price on a new type of dish.

C. A car dealership increases the price on a car when it becomes

more popular

D. A retailer stops carrying a product that doesn't sell well in its

stores

An incentive is a motivation to carry out a particular activity.

If the price of fish is discounted, consumers would be motivated and willing to purchase the fish because of the reduced price

7 0

2 years ago