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natima [27]
3 years ago
14

On September 10, Harris, Inc., a new car dealer, placed a newspaper advertisement stating that Harris would sell ten cars at its

showroom for a special discount only on September 12, 13, and 14. On September 12, King called Harris and expressed an interest in buying one of the advertised cars. King was told that five of the cars had been sold and to come to the showroom as soon as possible. On September 13, Harris made a televised announcement that the sale would end at 10:00 PM that night. King went to Harris' showroom on September 14 and demanded the right to buy a car at the special discount. Harris had sold the ten cars and refused King's demand. King sued Harris for breach of contract. Harris' best defense to King's suit would be that Harris':______
a. Offer was unenforceable.
b. Advertisement was not an offer.
c. Television announcement revoked the offer.
d. Offer had not been accepted.
Business
2 answers:
Dvinal [7]3 years ago
7 0

Answer:

D. Offer had not been accepted.

Explanation:

Harris has a very valid reason for his defence because King was yet to accept the offer he only just called to show interest in the offer and didn't make any form of payment whatsoever. The other people that bought the ten cars at the special discount made payment and thus, accepted the offer.

Kings isn't entitled to any damages because:

I. He didn't make any form of payment to accept the offer

II. Other people were faster to claim the offer on the special discount

III. He only made a telephone enquiry



Bad White [126]3 years ago
4 0

Answer:

Answer is B. Advertisement was not an offer.

Refer below.

Explanation:

On September 10, Harris, Inc., a new car dealer, placed a newspaper advertisement stating that Harris would sell ten cars at its showroom for a special discount only on September 12, 13, and 14. On September 12, King called Harris and expressed an interest in buying one of the advertised cars. King was told that five of the cars had been sold and to come to the showroom as soon as possible. On September 13, Harris made a televised announcement that the sale would end at 10:00 PM that night. King went to Harris' showroom on September 14 and demanded the right to buy a car at the special discount. Harris had sold the ten cars and refused King's demand. King sued Harris for breach of contract. Harris' best defense to King's suit would be that Harris':

Advertisement was not an offer.

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aev [14]

Answer:

a-1. The present value of Plan 1 = $93.08

a-2. The deal 2 which involves paying immediately adn taking the 10% discount is better.

Explanation:

a-1.

The interest rate of 5% is taken as the discount rate to convert future cash flows into the present value.

The First payment plan with installments has a present value of,

Present Value-Plan 1 = 25 + 25/1.05 + 25/1.05² + 25/1.05³ = $93.08

a-2.

The first plan will cost $93.08 in the present value.

The second plan will involve immediate payment and a discount of 10%vwhch makes the present value of plan 2 as $90 (100 - (100*0.1)).

Thus, the second deal or deal involving immediate payment and taking the discount is better.

6 0
3 years ago
Transactions Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equip
Ann [662]

Answer:

Oct. 1 2019

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Oct. 3 2019

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Cash $2,670 (credit)

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Cash $1,150 (credit)

Oct. 6 2019

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Oct. 10 2019

Cash $5,730 (debit)

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Oct. 15 2019

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Explanation:

Note

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5 0
3 years ago
The additional dining space will occupy space next to Olaf’s that was recently rented to a tenant. By claiming the space for the
Illusion [34]

Answer:

$12,146

Explanation:

The computation of present value of this opportunity cost is shown below:-

Net After tax Operating Profit Per month = Rent space per month × Profit margin on the renting the space percentage

= $1,000 × 30%

= $300

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Total months = 4 × 12

= 48 Months

Interest Rate Per month = 9% ÷ 12

= 0.75%

As per the question the Rent is Received at the start of the month

So Present Value of this opportunity cost = $300 (1 + PVAF (0.75%,47))

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3 0
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Are leadership and management the same thing?
Fiesta28 [93]
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Alborosie

Answer:

machine enter the accounting at <em> 138,210 dollars</em>

Explanation:

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shipping cost:                      2,800

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total incurred cost

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ready for use:             <em>    138,210</em>

<em />

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