Answer:
There should be no contract formed between Newsnow and Ollie.
Explanation:
To form a contract, there should be 03 essential elements which are an offer; an acceptance and an consideration the offeror gives the offeree once the contract has been delivered.
For the purpose of this question, putting aside the examination of the 02 essential elements which are an offer and an acceptance, given there are lack of certain consideration in Newsnow advertisement, there are lack of one essential element for the contract to be formed. In other words, there are no "meetings of mind" in this scenario, thus it is quite certain there is no contract between Newsno and Ollie.
Answer:
1.97 times
Explanation:
The formula to compute the current ratio is shown below:
Current ratio = Total Current assets ÷ total current liabilities
Current ratio before any adjustment is shown below:
So, current ratio = $343,980 ÷ 196,600 = 1.75 times
Current ratio after adjustments are shown below:
Current assets = Before adjustment balance + goods purchased costing - physical count of inventory + freight-in charges
= $343,980 + $20,440 - 11,890 + 3,040
= $355,570
Current liabilities = Before adjustment balance - goods not received
= $196,600 - $15,950
= $180,650
So, the current ratio would be
= $355,570 ÷ $180,650
= 1.97 times
Answer:
The correct answer is: supply side economics.
Explanation:
Supply-side economics is a macroeconomic theory which advocates lowering of taxes and decrease in regulation to boost economic growth. It is directly in contrast to demand-side economics.
This theory focuses on reducing taxes, decreasing regulations on producers and declining borrowing rates.
This theory states that economic growth can be stimulated by boosting investments through tax reduction.
Answer:
The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity
.
Explanation:
An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.
Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>
