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:
will smith
Explanation: will smith duhh
Options :
a. Ceiling fans are usually considered real estate.
b. The ceiling fan belongs to the seller.
c. Ceiling fans are considered trade fixtures.
d. Ceiling fans are considered personal property.
Answer: a. Ceiling fans are usually considered real estate.
Explanation: The ceiling fan should be transferred to the buyer as it is considered real estate. Items of this nature becomes part of the real estate property as they have become attached to the home. Also, since ceiling fan is present at the time of purchase and there was no written or verbal agreement that it will be detached from the property once the property is sold. Therefore, the ceiling fan is a real estate and should be a part of what was purchased by the buyer.
Answer:
The closest answer is option A,$7649
Explanation:
The net present value of the investment is the present value of annual cost savings minus the initial cost of investment.
present of cash flow=cash flow/(1+r)^n
r is the discount rate of 12%
n is the year the cash flow relates to ,for instance year zero for the initial investment
NPV=-$54,000+$16,000/(1+12%)^1+$16,000/(1+12%)^2+$16,000/(1+12%)^3+$16,000/(1+12%)^4+($16,000+$7,000)/(1+12%)^5=$ 7,648.41
note that the project gives $7,000 in salvage value in year 5
Answer:
2) The purchasing group, the goods receipt processing time, and the delivery tolerances
Explanation:
To create a complete and efficient material master you must all the information on the materials that a company produces or manufactures, stores and later sells to clients. So you need all the relevant information that can be obtained form the purchasing group (vendors), the goods receipt processing time (in workdays), and the delivery tolerances (in hours).