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butalik [34]
3 years ago
9

On Monday, the seller offers to sell his vacant lot to the buyer for $42,000. On Tuesday, the buyer counteroffers to buy for $40

,500. On Friday, the buyer learns that several other prospects may be making offers on the property, so he withdraws the counteroffer and agrees to the original asking price of $42,000. Under these conditions, there is
Business
1 answer:
Anastasy [175]3 years ago
4 0

Answer:

b. not a valid agreement because the buyer's counteroffer was a rejection of the seller's offer, and once rejected, an offer cannot be accepted later.

Explanation:

Since in the question it is mentioned that the vacant lot is offered for $42,000 but the buyer counteroffers to buy $40,500 but afterward he agreed to the original price of $42,000

So this situation represents that it is not a valid agreement as the counteroffer made by the buyer was rejected by the seller and once it is rejected then the same could not be accepted

Therefore the correct option is b.  

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You are given the following information about equipment that is required for your business. Assume that the equipment will be re
s2008m [1.1K]

Answer:

Machine B EAC is $17,705.78 more than Machine A EAC.

Explanation:

First find the present values of the cost of both machines.

Machine A:

= 200,000 + (15,000 * Present value of annuity interest factor, 15%, 8 years)

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Machine B

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= $59,569.95

Equivalent Annual cost Machine B:

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= $77,275.73

Difference:

= 77,275.73 - 59,569.95

= $‭17,705.78‬

4 0
3 years ago
ULID
arlik [135]

Answer:

C. Land

Explanation:

Input is any commodity used in the manufacturing of other products. Factors of production are the inputs or resources used in the production of other goods and services. They include land, capital, labor, and entrepreneurship.

From the list provided, the only the factor of production is land.  In economics, land refers to the fertile fields used in agricultural production. It also refers to space where commercial buildings, factories, and businesses are set up. Land also includes natural occurring resources and minerals such as oil, natural gas, and precious stones.

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The pledging of property as security for payment of a loan without surrendering possession is
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I think it's "<span>hypothecation" but I'm not 100% sure.</span>
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