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Alex
3 years ago
10

6. On February 1, Ann sends Bob a letter offering to employ Bob at Ann’s auto dealership. On February 5, Bob mails Ann a letter

accepting the offer. On February 6, Ann has a change of heart and calls Bob to revoke the offer. On February 7, Ann receives Bob’s acceptance. Was a contract ever formed? If so, when? If not, why not?
Business
1 answer:
Radda [10]3 years ago
6 0

Answer: A Contract was formed on February 5th

Explanation:

The contract was formed the very day that Bob mailed Ann his acceptance which was on the 5th of February.

Ann attempted to revoke the acceptance too late as she did it a day after he had emailed his acceptance even though she only received it on the 7th.

The date she received the acceptance is of no consequence because this falls under the Posting Rule. This rule in Common Law countries essentially states an agreement is made as soon as the letter is posted even if it never gets to it's destination.

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When Maria temporarily left the company to obtain her master's degree with the intention of returning as a lead trainer, she was
inna [77]

Answer:

B) Sabbatical,it is a period of leave granted for higher education or travel

Explanation:

Give thanks and rate

7 0
2 years ago
Consider relative purchasing power parity (PPP) and remember the consumer price index (CPI) provides the price level in a countr
pychu [463]

Answer:

0.7156 USD/CAD

Explanation:

Relationship between relative PPP and inflation rates can be expressed as given below:

S(1)/S(0) = (1+I(y)) / (1+I(x))................(1)

==> S(0) = spot exchange rate at the beginning of the time period

==> S(1)  = spot exchange rate at the end of the time period

==> I(y) = expected inflation rate for country y, which is foreign country

==> I(x) = expected inflation rate for country x, which is domestic country.

Here, assumes that the US is a foreign country and Canada is domestic country

I(y) = (200/165) - 1 = 21.21%

I(x) = (220/170) - 1 = 29.41%

On putting the values of I(x) and I(y) in the first equation, we get:

S(1)/0.764 = (1+0.2121) / (1+0.2941)

S(1)/0.764 = 0.9366354996

S(1) = 0.764*0.936635

S(1) = 0.7156 USD/CAD

If relative PPP holds, the spot exchange rate in 2015 will be 0.7156 USD/CAD

4 0
2 years ago
Joslyn completed the lease term on her car and decided to turn the car in instead of purchasing it. upon inspection, the dealers
Fed [463]
Its the Lease Penalty
6 0
2 years ago
Read 2 more answers
A restaurant owner in the 1950s does not feel negatively toward African Americans but refuses to serve them in his restaurant be
Minchanka [31]

Answer:

Unprejudiced discriminator.

Explanation:

Unprejudiced discriminator: This is referred to as the people who do not have the prejudice of their own, however, they act when needed or when it is convenient for them to discriminate as their decision is based on other people´s prejudice or socially motivated.

In the given case, a restaurant owner does not discriminatory feelings toward African American, however, due to social pressure, he is forced to discriminate as he refuses to serve them in his restaurant, which is a case of the unprejudiced discriminator.

6 0
3 years ago
In previous question, suppose the company intends to go public by selling 3,000,000 new shares. Moreover, assume the company has
pshichka [43]

Answer:

A. $3.5 million

B. $120

Explanation:

A. Calculation for What is the post-money valuation for the last round of funding in dollars

First step is to calculate the total value of the company

Total value of the company = (200,000 + 100,000)* (150,000/100,000)

Total value of the company= (200,000 + 100,000)* $1.5

Total value of the company= 300,000 * $1.5 Total value of the company=$450,000

Now let calculate The post money valuation

Post money valuation = (200,000 + 100,000 + 400,000) * (2,000,000/400,000)

Post money valuation= (200,000 + 100,000 + 400,000) * $5

Post money valuation= 700,000 * $5

Post money valuation= $3.5 million

Therefore the post-money valuation for the last round of funding in dollars will be $3.5 million

B) Calculation for What is the estimated IPO stock price

First step is to calculate the EV

EV = $25 million * 5

EV= $100 million

Second step is to calculate the Total number of shares

Total number of shares = 700,000 + 300,000

Total number of shares = 1 million

Third step is to calculate the Equity

Equity = $100 million + $20 million

Equity = $120 million

Now let calculate the value per share

Value per share = $120 million/1 million

Value per share = $120

Therefore the estimated IPO stock price will be $120

6 0
2 years ago
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