1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
avanturin [10]
2 years ago
7

The UCC rule that says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a sep

arate form that the offer will be held open cannot revoke the offer for the time stated or, if no time is stated, for a reasonable time is referred to as the ______
Business
1 answer:
makvit [3.9K]2 years ago
3 0

The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the <u>Firm Offer Rule.</u>

<u></u>

<h3><u>A Firm Offer: What Is It?</u></h3>

When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.

For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.

Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.

Learn more about the firm offer rule with the help of the given link:

brainly.com/question/13640672?referrer=searchResults

#SPJ4

You might be interested in
The state government establishes the guidelines under which local governments can impose property taxes. true false
Karolina [17]
The answer to your question is True.
5 0
4 years ago
Goodlife inc. is a luxury condominium-building company that is based in the country of el verdad. it sells highly priced homes t
Elena-2011 [213]

Transnational Strategy

Venture to achieve low-cost, mark up products across markets and to foster a flow of skills between different subsidiaries. High cost pressures, high local responsiveness pressures. Actually there are a four kinds of strategy; Global Standardization Strategy, Transnational Strategy, International Strategy, Localization Strategy. 

3 0
3 years ago
Why do we have a graduated income tax?​
lina2011 [118]
Supporters of the progressive system claim that higher salaries enable affluent people to pay higher taxes and that this is the fairest system because it lessens the tax burden of the poor. ... Taxes do not discourage high earners from earning more, and the low tax rate encourages the poor to strive to earn more.
7 0
3 years ago
Given the following information about the economy of Pakistan, calculate Pakistan's GDP. Note that the currency of Pakistan is t
oksano4ka [1.4K]

Answer:

  • <u><em>Pakistan's GDP = 13.53 trillions of rupees.</em></u>

Explanation:

<em>GDP</em> is the gross domestic product. It is the value of all the goods and services produced by an economy (a country), in a period, which is normally one year.

The <em>GDP</em> can be calculated with the equation:

GDP = Consumption + Investment + Goverment spending + Net Exports

Where, Net Exports is the value of the exports less the value of the imports.

Thus, the values that you need to sue to calculate the GDP are:

  • Consumptiion
  • Investment
  • Goverment spending
  • Exports
  • Import

<u>Identify</u> the values that you need to incorporate in your formula. Here is the selection (all the amounts are in trillions of rupees):

  • Consumption = individuals consume: 10.40
  • Investment = businesses invest = 1.35
  • Government spending = goverment purchases = 2.80
  • Exports = Pakistan exports = 1.29
  • Imports: Pakistan imports: 2.31

Those are all. Other items, i.e. foreigners spend (0.60 trillions of rupees) and individuals save (5.00 trillions of rupees), do not count for the GDP.

<u>Compute</u> (in trillions of rupees):

  • GDP = 10.40 + 1.35 + 2.80 + (1.29 - 2.31) = 13.53

<u>Answer</u>: Pakistan's GDP = 13.53 trillions of rupees.

4 0
3 years ago
Diversified Industries is a multi-product firm operating in a number of industries. Assume the firm is analyzing a new project t
KatRina [158]

Answer: a rate commensurate with the risk level of the project.

Explanation:

When computing the net present value of the new project, we should note that the cash flows should be discounted using a rate that is commensurate with the risk level of the project.

Since it is a new project and it possesses risks that are unrelated to those of the current firm's product, the risk that pertains to the project level should be used in the discounting to get the net present value.

3 0
3 years ago
Other questions:
  • What percentage of american employees work for an employer that does not offer a traditional pension or retirement plan?
    11·1 answer
  • 21. Recent trends appear to be progressing in the direction of a more __________. A) culturally imperialistic world culture B) m
    5·1 answer
  • When a tax is levied on sellers of tea,a.the well-being of both sellers and buyers of tea is unaffected.b.sellers of tea are mad
    12·1 answer
  • Good Eats Inc. manufactures flatware sets. The budgeted production is for 80,000 sets this year. Each set requires 2.5 hours to
    11·1 answer
  • What is the major source of revenue for most state governments?
    8·2 answers
  • When short-term investments appear in the balance sheet at their current market values, it is an exception to the ______ princip
    5·2 answers
  • Under the previous​ CEO, Konica/Minolta's management determined it was time to invest in​ __________ by offering new products to
    15·1 answer
  • ________ is an international quality certification that helps organizations to understand the basics of quality management, to m
    15·1 answer
  • Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has
    13·1 answer
  • Consider some determinants of the price elasticity of demand: The availability of close substitutes Product's share of the consu
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!