According to the enotes, if a company does not have a current supplier for a part, they must issue a Request for quotation (RFQ) so their potential supplier can provide a detailed quote that might include more than just a per unit price, it may also include delivery date, and payment terms. This quote invites suppliers into a bidding process to bid on specific products or services. However, it is only the first step in a negotiation with a supplier.
Answer:
New required rate of return = 11.88%
Explanation:
<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta. </em>
<em>Under CAPM, Ke= Rf + β(Rm-Rf) </em>
<em>Ke- required rate of return, Rf-risk-free rate (treasury bill rate), β= Beta, Rm= Return on market.
</em>
Using the model, we work out Beta which is not given and then re-calculate the required rate of return of the new stock
<em>Ke- 11.75 % Rf- 5.5, Rm-Rf = 4.75%, β= ?</em>
11.75% = 5.50% + β(4.75%)
11.75% -5.50% = β(4.75%)
(11.75-5.50)/4.75= β
1.315789474
= β
1.315
= β
New required rate of return
5.50% + 1.315(1.02×4.75)
11.875
New required rate of return = 11.88%
<span>There could have been poor coordination across functional areas,
confusion and frustration from having two bosses,
lack of flexibility in response to environmental changes, and a need for many meetings to resolve conflicts.</span>
Answer:
1. Which might be Tommy’s best argument to collect from Thacker?
A. An implied contract was formed.
2. Which is an example of a situation where intent to make an offer may be lacking?
D. All of the above.
3. Which is an example of a material (essential) term required to be included in an enforceable contract?
D. All of the above.
4. Which is not a way that an offer can be terminated by action of the parties?
B. Offeror performs acts inconsistent with the existence of the offer (e.g., transacts the same business with a different offeree).
Explanation:
The contract existing between Tommy and Thacker can be implied or express. The legally-binding obligation that derives from the actions, conduct, or circumstances of Tommy and Thacker creates an implied contract with the same legal force as an express contract. On the other hand, an express contract is voluntarily entered into and agreed on verbally or in writing by two or more parties.
