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
Marysya12 [62]
3 years ago
13

Data Inc. offers to provide certain services to Enterprise LLC, but mistakenly transposes some of the digits in the price so tha

t $15,400 appears in the offer as $14,500. Enterprise accepts the written offer. Enterprise’s best argument in favor of enforcement of the contract is that:
Business
1 answer:
yKpoI14uk [10]3 years ago
8 0

Answer:

A unilateral mistake does not invalidate a contract. Data made a unilateral mistake by charging more money than usual to Enterprise, but Enterprise accepted that offer. That means that the contract is enforceable. In this case Data got more money but if the mistake would have been different (e.g. they offered $10,450 instead of $14,500) then Data should perform their part and lose money.

Only if the unilateral mistake was really important to the consideration of the contract, can the contract be voided, but this is not the case. For example, a mistake is made when stating a house's address, that would be important enough to void the contract.

You might be interested in
1. What arguments do Feingold and Heuvel offer in defense of Roosevelt?
DiKsa [7]

1. The arguments that these people put forward was to exonerate the president by saying the situation was beyond his control.

<h3>The argument that Feingold put forward</h3>

He argued that there were many situations that occurred that were beyond the capacity of Roosevelt's administration. These were

  • The determination to liquidate Jews by Berlin.
  • The decision to rescue a minority in a foreign land that the US did not owe any responsibility.

<h3>The argument that Heuvel put forward</h3>

Heuvel sternly said that it was ironic to put any blames on Roosevelt because he was not the one that caused the holocaust.

According to him, no one had any backgrounds to fault him for what was being done by Hitler because he was not the cause.

2. What Michael meant was that it was not a common occurrence for the president to be silent on issues that are as pressing as this.

According to him, the president was a person that would speak up fast on serious world issues. He meant it was not in the character of the president to be late in issues of this sort.

3. Wyman called it the worst failure of his presidency because he refused to act for a long time during the extermination.

From what he said, the president only stepped in to save the Jews out of pressure.

Read more on  the holocaust here:

brainly.com/question/12962

5 0
2 years ago
Credit Losses Based on Accounts Receivable At December 31, Schuler Company had a balance of $364,900 in its Accounts Receivable
timama [110]

Answer:

a. First calculate the adjusting entry to record allowance.

Uncollectible for the year is;

= (303,000 * 1%) + (42,000 * 5%) + (17,000 * 15%) + (8,000 * 40%)

= $10,880

Adjusting entry = Uncollectable amount - Credit balance on allowance

= 10,880 - 4,200

= $6,680

DR Bad Debt Expense                                                     $6,680

     CR Allowance for Doubtful accounts                                      $6,680

b.

Current Assets:

Accounts Receivable                                      $370,000

Less: Allowance for doubtful accounts         ($10,880)

                                                                           $359,120

Current Liabilities

Customers Overpayments                                $5,100

The current liability above arises from the credit balance of $5,100 in the Accounts receivable account. Accounts Receivable should have a debit balance so if a credit balance occurs it is an overpayment by a customer.

4 0
3 years ago
Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small com
taurus [48]

Answer:

<u>January</u>

purchases = 32,800 units

required cash to pay for purchases = $24,600

<u>February</u>

purchases = 8,900 units

required cash to pay for purchases = $6,675

<u>March</u>

purchases = 7,800 units

required cash to pay for purchases = $5,850

Explanation:

each tile costs $0.75, paid in cash, three month stock

28,000 tiles in stock

estimated sales:

  • January 13,300
  • February 18,700
  • March 13,700
  • April 15,100
  • May 8,900
  • June 7,800

<u>January</u>

beginning inventory January 28,000

estimated sales 13,300

desired ending inventory = sales for next three months = 18,700 + 13,700 + 15,100 = 47,500

purchases = 47,500 + 13,300 - 28,000 = 32,800

required cash to pay for purchases = 32,800 x $075 = $24,600

<u>February</u>

beginning inventory January 47,500

estimated sales 18,700

desired ending inventory = sales for next three months = 13,700 + 15,100 + 8,900 = 37,700

purchases = 37,700 + 18,700 - 47,500 = 8,900

required cash to pay for purchases = 8,900 x $075 = $6,675

<u>March</u>

beginning inventory January 37,700

estimated sales 13,700

desired ending inventory = sales for next three months = 15,100 + 8,900 + 7,800 = 31,800

purchases = 31,800 + 13,700 - 37,700 = 7,800

required cash to pay for purchases = 7,800 x $075 = $5,850

3 0
4 years ago
In 2019, Kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losse
In-s [12.5K]

Answer:

Kipp would NOT deduct any losses from the the partnership assuming he owns no other investments and does not participate in the partnership's operations

Explanation:

Kipp would not deduct any losses from the the partnership assuming he owns no other investments and does not participate in the partnership's operations because NO losses are deductible in either of the year due to the fact that activity is passive and he owns no passive income- producing investments because had it been the passive loss rules not applied, the at-risk rules would have limited the deduction to $65,000 over the two-year period.

8 0
3 years ago
Suppose the U.S. government encouraged consumers to trade in their old automobiles for more​ efficient, new models by paying up
VARVARA [1.3K]

Answer:

B. people respond to economic incentives.

Explanation:

Economic incentive is material given by someone, that is capable of motivating the other person to behave or act in a certain way. If economic incentives come from a government, it can be in form of tax incentives, subsidies or any monetary gift in form of cash or near cash.

To the economist, human being being rational, will respond to economic incentives in various forms.

7 0
3 years ago
Other questions:
  • What is the benefit of online banking?
    6·2 answers
  • An auditor assesses the risk of material misstatement because it
    8·1 answer
  • Given the following data, calculate the total product cost per unit under absorption costing. Direct labor $ 3.50 per unit Direc
    7·2 answers
  • The united states wants to limit imports of european shoes by increasing the price of those shoes in the states. you advise your
    15·2 answers
  • Assume that the Uncovered Interest Parity (UIP) holds. If the rate of retum on a euro asset is 8 percent and the rate of return
    13·1 answer
  • An investor holds a very conservative portfolio invested for retirement, but she takes some extra cash she earned from her year-
    12·1 answer
  • How is a franchise different from a partnership?
    9·1 answer
  • Purple, Inc, a domestic corporation, owns 80% of Blue, Ltd., a foreign corporation and Yellow, Inc, a domestic corporation. Purp
    11·1 answer
  • On February 1, 2020, Pat Weaver Inc. (PWI) issued 7%, $1,200,000 bonds for $1,500,000. PWI retired all of these bonds on January
    5·1 answer
  • suppose that an initial $40 billion increase in investment spending expands gdp by $40 billion in the first round of the multipl
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!