Revocation of an offer is valid once it is <u>B. received</u> by the offeror (the person making the offer), meaning that it has been communicated to the other party by the offeree.
<h3>What is the revocation of an offer?</h3>
The revocation of an offer is the nullification or canceling of an offer by the offeree. It becomes effective when the offeree communicates to the offeror before acceptance.
Once the revocation has been communicated, the offer is no longer considered valid and cannot legally be accepted. The implication is that revocation goes into effect immediately it has been communicated to the relevant party.
Thus, revocation of an offer is valid once it is <u>B. received</u> by the offeror.
Learn more about offer revocations at brainly.com/question/26532053
First, the quotation for each car model has to be obtained. The quotation must include the taxes including insurance.Then, a comparison is done taking into account the mileage and the maximum allotted budget for the other expenses which is $800.
The apps stated above will be marked as <u>Stars </u>on Under Armours Market Growth/Market Share matrix.
<h3>What do <u>STARS </u>mean on the Market Share/Market Growth/BCG Growth-Share Matrix?</h3>
The two keywords which define stars on the matrix are:
Any product that is projected as fast-growing and which comprises a huge portion of the market is referred to as "Stars" on the growth matrix.
Other categories of the growth matrix are:
- Cash Cows
- Dogs (Pets)
- Question Marks
Please see the link below for more about Market Growth Matrix:
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Answer: See explanation
Explanation:
Number of units sold = 76000
Percentage repair= 2%
Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520
Actual defective units = 490 + 350 + 210 = 1050
Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470
Repair cost = $50
Warranty expense = 470 × $50 = $23500
The journal entry will then be:
31 December:
Debit: Product warranty expense = $23500
Credit: Estimated liability for product warranty = $23500