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Step2247 [10]
3 years ago
5

On Friday, Billy mails Andrew an offer, which Andrew receives on Monday. On Tuesday, Billy mails Andrew a revocation, which Andr

ew does not receive until Thursday. Andrew takes no action when he receives the revocation. Meanwhile Andrew mailed Billy an acceptance on Wednesday that Billy receives on Friday. Is a contract formed, and if so, on what day?
Business
1 answer:
Gekata [30.6K]3 years ago
8 0

Answer:

When Andrew sent his acceptance on Wednesday a contract was formed.

Explanation:

Andrew had recieved the offer on Monday and accepted on Wednesday, although Billy sent a revocation on Tuesday.

The onus for Andrew to receive the revocation on time is on Billy, a faster means should have been taken to notify Andrew of the revocation.

So the contract was formed on Wednesday when Andrew accepted the offer.

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In general, value-creating diversification of General Electric under Jack Welch was:________
nydimaria [60]

Answer:

b) Economies of scale

Explanation:

In general, value-creating diversification of General Electric under Jack  Welch was  Economies of scale.

He shut down factories, set workers loose, and offered a promise of "growing rapidly in a slow growth economy," titled a speech he made in 1981 shortly after he became President.

This period of mass restructuring gave him the surname of Neutron Jack when he took people out, much like a neutron bomb as he left the houses.

3 0
3 years ago
In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $6
Rufina [12.5K]

Answer:

ROE : Net Income / Equity : $32 / $92 = 34,8%

Explanation:

To calculate the ROE its necessary to know the Equity of the company which is the difference between the Total Assets and the Total Debt.

Total Assets : $485

Total Debt : $393

Equity : $92

Net Income : $32

ROE : Net Income / Equity : $32 / $92 = 34,8%

The ROE it's a measure that let me know the financial performance of the company, its a good indicator of how efficiently the company it's handling the investor's money.

5 0
3 years ago
A greenfield venture in a foreign market is A. one where the company creates a subsidiary business by setting up all aspects of
Delvig [45]

Answer:

A. one where the company creates a subsidiary business by setting up all aspects of the operation upon entering the market from the ground up.

Explanation:

Greenfield Investment is one of the types of foreign direct investment. In this type of investment, new branches of a company are created in different countries. The operational team functions from the parent company. The parent companies have full control over the functioning, control, and quality of the subsidiary companies. The employees are provided with the training of the standard level as proposed by the parent company.

7 0
3 years ago
With respect to the types of information systems used in organizations, financial, operations, and human resource management is
Vinil7 [7]

Answer:

Enterprise Resource Planning (ERP)

Explanation:

ERP is a "business process management(BPM) software" that allows an organization to

  • use a "system of integrated applications" to handle the business  
  • Provide automation to  back office operations pertaining to  a) technology b) services  c) human resources.
  • a "centralized system" that integrates many function

Connect applications related to procurement, sales, HR, planning, finance or analytics, customer relations or any connected application functions.

  • keep track of "day-to-day business transactions"
3 0
3 years ago
River Corp's total assets at the end of last year were $390,000 and its net income was $32,750. What was its return on total ass
Alex73 [517]

Answer:

8.40%

Explanation:

Total asset = $390,000

Net income = $32,750

Return on total asset = Net income / Total asset

Return on total asset = $32,750 / $390,000

Return on total asset = 0.083974358974359

Return on total asset = 8.40%

5 0
3 years ago
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