Answer: The manufacturer, because the shoe store's revocation of its offer was too late.
Explanation:
Based on the scenario given in the question, if the store manager subsequently refuses the manufacturer's delivery on December 1, and thee manufacturer sues the shoe store for breach of contract, the manufacturer will prevail because the shoe store's revocation of its offer was too late.
According to the mailbox rule under the contract law, this is the default rule that's used to determine when an offer is considered to be accepted and when there's communication of the acceptance. In this case, the revocation is too late therefore the manufacturer will prevail.
Answer:
D. deficit of $1 trillion; surplus of $4 trillion
Explanation:
If the economy reaches their potential at 12 trillion the government would run a deficit of 1 trilllon which means there is an structural deficit of 1 trillion
As currently there is a surplus of 3 trillion This mean the economy is in a cycle under which there is a surplus of 4 trillion
current budget - structural budget = cyclical
3 - (-1) = 3 + 1 = 4
No, i will not suggest the restaurant is selling food beyond its expiration date because the operating cycle includes the average collection period which will be long if the restaurant only takes cash.
<h3>What is an
operating cycle?</h3>
This refers to the number of days required for a business to receive inventory, sell the inventory and collect cash from the sale of the inventory.
The operating cycle as a financial tools plays a major role in determining the efficiency of a business.
Hence, whenever we noticed that a fast food restaurant's operating cycle is 30 days, we will not suggest the restaurant is selling food beyond its expiration date because the operating cycle includes the average collection period which will be long if the restaurant only takes cash.
Read more about operating cycle
brainly.com/question/14020000
#SPJ1
Retained Earnings are increased by net income, decreased by dividends, sometimes called earned capital and all of company's earnings kept rather than distributed to stockholders.
Are Retained Earnings the Same as Profits?
Profits do not deduct dividend payments from a company's profit, whereas retained earnings do. This is the major distinction between retained earnings and profits. Profits may suggest a corporation has a positive net income, whereas retained earnings, depending on the number of dividends given to shareholders, may show a company has a net loss.
Why retained earnings is important?
Retained earnings can assist a business raise the value of its stock, ensuring organizational sustainability, and providing funding for crucial tasks like R&D and expansion without raising debt.
Learn more about Retained Earnings: brainly.com/question/14529006
#SPJ4
Answer:
the U.S imports are $14 billion
Explanation:
The computation of the U.S imports are as followS:
As we know that
Net Exports = Total value of Exports - Total value of Imports
$6 billions = $20 billions - Imports
So,
Total value of Imports is
= $20 billions - $6 billions
= $14 billions
Hence, the U.S imports are $14 billion
Therefore the last option is correct
