The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the <u>Firm Offer Rule.</u>
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<h3><u>A Firm Offer: What Is It?</u></h3>
When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.
For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.
Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.
Learn more about the firm offer rule with the help of the given link:
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Answer:
you should choose the Roth IRA
Explanation:
we have to calculate after tax return in order to determine which option is better:
- traditional IRA account: after tax return = $2,500,000 x (1 - 30%) = $1,750,000
- Roth IRA account: after tax return = $2,000,000, since Roth IRA's distributions are tax free
Roth IRA contributions are not tax deductible, that is why their distributions are tax free. While traditional IRA contributions are tax deductible, that is why their distributions are taxed at marginal tax rate.
Answer: Exchanging the messages between site operating systems
Explanation:
The distributed system is one of the type of computing system in which the various types of multiple elements are basically located on the machines that are specifically used for the communication purpose and this distributed system is basically appear to the user in the form of single system.
According to the given question, the given process is basically accomplished by exchanging the different types of messages between the site OS (Operating system).
In the given distributed system, the data and the cooperation action is highly maintain by the sites while determining the loaded process. Therefore, The given answer is correct.
Answer: D. decrease in equity investment
Explanation:
A decrease in the owner's equity occur when a company loses money during the normal course of the business and when the owners need to move equity into normal business operations.
But in this case under the equity method, dividends declared by a subsidiary are accounted for by the parent when there is decrease in equity investment.
Equity also decreases when an owner withdraws money for personal use.
