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Blizzard [7]
3 years ago
12

On May 1 Ralph offers to cure and smoke Sam’s pork, and promises to keep the offer open until June 1. On May 3 Ralph mails Sam a

letter revoking the offer. Sam receives and reads the letter on May 5 and responds to Ralph on May 6. Ralph’s revocation of the offer became effective on:
a. no date because the offer is irrevocable.
b. May 6.
c. May 5.
d. May 3.
Business
1 answer:
garik1379 [7]3 years ago
6 0

Explanation:

I would say may 6th because Sam didn't know Ralph was going to revoke until May 5th and that only makes it half final because Ralph wouldn't know in anyway except through a letter that Sam has received his letter and agreed or disagreed.

May 6th is when he gets the confirmation. So both people know on May 6th.

If this is too confusing ( like it was for me I had to read it 6 times ) then think about it this way. if you make a deal with a fisherman to buy fish on Wednesday and you send him a lettering sunday that arrives a day later, the fisherman won't know until a day later (Monday) and on that day he receives it you don't know if he got it. That's why it's half official. when he send a letter that arrives the day after he got your letter (tuesday) then you know that he understood you won't make it on Wednesday making it fully official.

does this make sense? if so hope it helps.

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__________________ is a political system in which the government tolerates little or no opposition but permits nongovernmental c
Luba_88 [7]

Answer:

Authoritarianism

Explanation:

an authoritarianism government will not tolerate opposition but will permit the existence of debate on some issues of public policy.

Is important to notice that Decracy does allow for opposition to the  government and relies on a healty opposition to keep the system working

While Totalitarianism will not tolerate any kind of though which is not in their belief system

7 0
3 years ago
Skinner Company began business on June 30, 2018. At that time, it issued 18,000 shares of $50 par value, 6% cumulative preferred
Stella [2.4K]

Answer:

2018

Preferred Dividend = $54,000

Common Stockholders = $9,000

2019

Preferred Dividend arrears =$54,000

Common Stockholders = $0

2020

Preferred Dividend = $54,000

Common Stockholders = $270,000

Explanation:

Preferred stockholders has an advantage that they are paid first when there is any dividend is announced. The residual dividend will be divided into the common stockholders. Any prior years due dividend and current years dividend associated with preferred share will be paid first.

As per given data

Preferred shares = 18,000 x $50 = $900,000

Preferred Dividend = $900,000 x 6% = $54,000

2018

Dividend Declared = $63,000

Dividend Allocated to Common Stockholders = Dividend Declared - Preferred Dividend = $63,000 - $54,000 = $9,000

2019

Dividend Declared = $0

Preferred Dividend Arrears = $54,000

2020

Dividend Declared = $378,000

Preferred Dividend Arrears = $54,000

Dividend Allocated to Common Stockholders = Dividend Declared - Preferred Dividend - Preferred Dividend Arrears = $378,000 - $54,000 - $54,000 = $270,000

3 0
2 years ago
Holt company purchased a computer for $8,000 on january 1, 2016. straight-line depreciation is used, based on a 5-year life and
lora16 [44]
<span>Given data shows that $1000 as salvage value and purchased computer for $8000 Depreciation was: (8,000 - 1,000) / 5 = 1,400 per year. Two year's depreciation = 2,800 Book value after two years = 8,000 - 2,800 = 5,200 After the estimates are revised, there are two more years remaining with a salvage value of 500. (5,200 - 500) / 2 = 2,350 depreciation for 2018</span>
4 0
2 years ago
Compared to a country with an MPS of 0.05, a country with an MPS of 0.2 would have to change government expenditures by ________
const2013 [10]

Answer: Four times.

Explanation:

Based on the information given, the government expenditure multiplier in this case goes thus:

K = ∆Y/∆G = 1/1-MPC = 1/MPS

For the first country with a MPS of 0.05, K = 1/MPS = 1/0.05 = 20

For the first country with a MPS of 0.2, K = 1/MPS = 1/0.2 = 5

Therefore, 20/5 = 4.

Therefore, the answer is four times.

8 0
3 years ago
An individual taxpayer reported the following net long-term capital gains and losses:Year Gain (loss)1 ($5,000)2 1,0003 4,000The
Leona [35]

Answer:

A) 4000

Explanation:

Long term capital losses cannot be set of against the long term capital gains of next year

As a result an individual taxpayer should report in the

year 3 is $4000

5 0
2 years ago
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