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
arlik [135]
1 year ago
14

the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptan

ce. the offer is now considered
Business
1 answer:
koban [17]1 year ago
7 0

In a case whereby the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptance. the offer is now considered executory contract.

<h3>What is an executory contract?</h3>

An executory contract can be described as the  ongoing agreement that  two parties entered to, whereby they are responsible for completing certain obligations at set period of time.

It should be noted that  this written agreements ensure each party is clear about their o responsibilities, hence In a case whereby the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptance. the offer is now considered executory contract.

Learn more executory contract at:

brainly.com/question/984979

#SPJ1

You might be interested in
What is stock exchange?​
Novosadov [1.4K]

A stock exchange is a facility where stock brokers and traders can buy and sell securities such as shares of stock and bonds and other financial instruments

7 0
3 years ago
Read 2 more answers
Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of
Darina [25.2K]

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

3 0
3 years ago
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
tangare [24]

Answer:

a. What is the MRP?

marginal revenue product = marginal product of labor x marginal revenue per output unit

MRP = 1,500 packages x $0.10 per package = $150

marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)

The company should add the delivery truck because MRP is higher than MRC.

b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?

MRP = $150 (doesn't change from question a)

MRC = $200 (the cost of renting the delivery truck)

The company should not add the delivery truck because MRP is less than MRC.

c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?

MRP = 750 packages x $0.10 per package = $75

MRC = $100

The company should not add the delivery truck because MRP is less than MRC.

7 0
3 years ago
As flat screen tvs enter the maturity stage, what could happen to profits for individual firms?
Maslowich
The profits will peak and decline.
during this stage of the product development, the product is already widely accepted by the market.
Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.
8 0
3 years ago
Hope receives an $18,500 scholarship from State University. The university specifies books, supplies, and equipment, while $10,0
irga5000 [103]

Answer:

Hope's gross income = $5000 + $10,000 = $15,000

Explanation:

First, we need to highlight what are qualified education expenses especially for tax-free fellowships and scholarships.

Specifically, the qualified expenses that will be tax exempt will be

The tuition and fees which are requirements to go to an eligible school or institution

Other course related expenses required for courses in such institutions such as books equipment and supplies are also tax exempt.

<u>However, room and board, research travel and other expenses that are not required for courses in the institution are not tax free</u>

Based on this analysis:

Hope's initial earning on campus = $5000

However, $10,000 spent on room and board are not required for enrolment in the school, hence, it will be added to the earnings to make the gross income

Hope's gross income = $5000 + $10,000 = $15,000

5 0
3 years ago
Other questions:
  • Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the des
    8·1 answer
  • What's going on here? As soon as Dewey Cheatum and Howe Motors increase the prices on their SUVs, then so does their only compet
    11·1 answer
  • Well before the introduction of its Karma Drone, GoPRO conducted a thorough environmental scan and discovered a substantial incr
    9·1 answer
  • The decedent and her only child were involved in a plane crash. Neither was alive when the emergency team reached them. The chil
    12·1 answer
  • The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on
    13·1 answer
  • During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
    10·1 answer
  • When the money market is drawn with the value of money on the vertical axis, as the price level decreases, the value of money
    10·1 answer
  • Which two of the following are long-term sources, of finance?
    5·1 answer
  • The _______ system gives both producers and consumers important information they use in making decisions about how to allocate t
    12·2 answers
  • Which of the following is the correct journal entry to record manufacturing overhead incurred? Finished Goods Inventory xx Manuf
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!