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Mamont248 [21]
3 years ago
11

On October 25, 1989, Mina Loy sent a letter to Carl Van Vechten which said, "I hereby offer to hire you to paint my house for $4

,000 during Thanksgiving break. Your acceptance of this offer must be by first-class mail and must reach me no later than noon on November 1, 1989." Vechten was so excited when he received her letter that he telephoned Loy on October 26 and said "I accept." Which of the following is a true statement?
A.
There is a valid acceptance and a binding contract because the telephone call was a reasonable means of acceptance.

B.
There is no acceptance and no contract in this situation as it is clearly mentioned by the offeror that the acceptance must be by mail.

C.
There is a valid acceptance and a binding contract because the telephone call was an authorized means of acceptance.

D.
There is a valid acceptance and a binding contract because the telephone call was a faster means of acceptance than the mail.
Business
1 answer:
Sindrei [870]3 years ago
3 0

<u>Answer: </u>Option B

<u>Explanation:</u>

There is no acceptance and no contract in this case. Mina Loy's written offer letter states clearly that the acceptance has to be made through first class mail. The terms of the offer were not fulfilled by Carl Van Vechten as he did not perform the acceptance as per the condition mentioned in the offer.

As there is no valid contract the parties to the contract that is Mina Loy and Carl Vechten are not obliged to perform their obligations as promised.

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_____ planning is short-range, detailed planning that is based on long-range planning. It typically has a time frame that is les
PolarNik [594]

Answer: Tactical planning

Explanation:

In tactical planning, a company's strategic plan is planned and ways are generated to achive the objectives of a company by using short-term actions.

Tactical plans are required to help teams to accomplish their goals by utilizing the steps that are clearly defined through short term outcomes and it is usually less than a year.

7 0
3 years ago
qzuilet which of the following best describes upics? a. upics are federally funded. b. upics are paid by grant monies. c. upics
ioda

Private businesses are employed by CMS as the Unified Program Integrity Contractor (UPIC).

<h3>What is a UPICs used for?</h3>

Investigating instances of alleged fraud, waste, and abuse in Medicare or Medicaid claims is UPIC's main objective. They conduct early and prompt investigations and act right away to prevent the improper payment of funds from the Medicare Trust Fund.

<h3>What role do Medicaid Integrity Contractors (MICs) play in society?</h3>

CMS has agreements with organizations called Audit Medicaid Integrity Contractors (Audit MICs) to carry out post-payment audits of Medicaid providers. The primary objective of provider audits is to find overpayments and ultimately reduce the payment of erroneous Medicaid claims.

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4 0
1 year ago
Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,338. FICA tax for S
deff fn [24]

Answer:

$1,057.86

Explanation:

Payroll taxes include:

  • Social security tax withholdings 6.2% (on the first $132,900 of wages paid) = 6.2% x $8,338 = $516.96
  • Medicare tax withholding 1.45% = 1.45% x $8,338 = $120.90
  • Federal unemployment taxes (FUTA)  0.6%  = $7,000 x 0.6% = $42
  • State unemployment taxes (SUTA) 5.4% = $7,000 x 5.4% = $378

total payroll taxes = $1,057.86

4 0
2 years ago
Kreter, Inc. earned net income of $300,000 last year. This year it wants to earn net income of $450,000. The company's fixed cos
Minchanka [31]

Answer:

sales is $2,500,000

Explanation:

The target sales for the company to achieve a net income of $450,000 in the current year equals the net income plus variable cost plus the fixed costs.

To understand this better,let us use the net income formula:

net income=sales-variable costs-fixed costs

by changing the subject of the formula,we the formula for sales:

sales=net income+variable costs+fixed costs

variable costs=sales*70%=0.7 sales

sales=$450,000+$300,000+0.7 sales

sales-0.7 sales=$750,000

0.3 sales=$750,000

sales=$750,000/0.3=$2,500,000

8 0
3 years ago
parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof. Of Sam par
disa [49]

Answer:

$14.50

Explanation:

Given;

Charge for first 2 hours = $5.00 and

$0.75 for each additional half hour or part thereof.

If he parks his car for 8 hours, then the first 2 hours will be charged at a rate of $5.00

Time left to charge is 6 hours. This will be charged at a rate of $0.75

Therefore cost to Sam for parking his car for 8 hours

= (2 × $5) + (6 × $0.75)

= $10 + $4.50

= $14.50

Sam paid $14.50 for parking.

7 0
2 years ago
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