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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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Purchasing power parity (ppp) is considered an __________ measurement poverty levels
Nastasia [14]

Purchasing power parity (ppp) is considered an objective measurement poverty levels.

Purchasing power parity:

  • By removing the variations in price levels between nations, purchasing power parities (PPPs) are rates of currency translation that aim to equalize the purchasing power of various currencies.
  • monetary and developmental. Timothy Callen the rate at which the equivalent amount of goods and services might be purchased in one country using the currency of the other at a certain exchange rate.
  • By taking the geometric mean of the pricing relationships between each pair of economies for the two varieties of rice, the basic-heading PPP for each pair of economies may be calculated directly. This comparison is bilateral.
  • China, despite still being a developing country, is thought to have the greatest PPP in the entire world. This is due to the country's economy being the largest in the world, despite the fact that the bulk of its population earn extremely low wages.

Learn more about Purchasing power parity here

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7 0
1 year ago
Wildhorse Co. sells merchandise on account for $2800 to Morton Company with credit terms of 2/8, n/30. Morton Company returns $8
kipiarov [429]

Answer: Cash $1,960

Sales returns and allowances $800

Sales discount $40

Accounts receivable $2,800

Explanation:

Sales = $2,800

Sales returns = $800

Discount rate = 2%

The final amount due will be:

= Sales- Sales returns

= $2,800 - $800

= $2,000

Sales discount = 2% × $2,000 = $40

Cash received will be:

Final amount due - Sales discount

= $2,000 - $40

= $1,960

The journal entry will be:

Debit Cash $1,960

Debit Sales returns and allowances $800

Debit Sales discount $40

Credit Accounts receivable $2,800

5 0
2 years ago
1. La medicina tradicional consiste en un conjunto de antiguos conocimientos escritos por nuestros antepasados. cierto / falso 2
Readme [11.4K]

Answer:

1-True

2-False

3-True

4-False

5-True

6-True

Explanation:

1-Since traditional medicine is defined as the sum of knowledge, techniques and practices based on the theories, beliefs and experiences of different cultures, and that are needed to maintain health, both physical and mental health

2- Traditional medicine is a central component of culture, where the art of healing is a product of oral tradition and ancestral wealth, where both the saber accumulated around physical, mental and spiritual care, as well as the mediation of nature, its products, elements, spaces and spirits. Traditional medicine is the conjunction of knowledge and practices related to mother nature and its healing components.

3-Falling in love is the result of the activity of 12 areas of the brain working together, increasing the production of dopamine, which helps regular emotional responses, and oxytocin, which creates feelings of trust and reduces anxiety. People in love who suffer from having a lower blood pressure, possibly due to hormones that are produced by touch where the immune system also intervenes.

4-It is the opposite, the complaint can cause tiredness and exhaustion, especially when symptoms such as joint pain, runny nose and headache begin to appear. This may be forced because the immune system must use much of the energy in the fight against the flu virus.

5-The clean methods one of the procedures that are part of the healing rituals of traditional medicine. This concept is related to the notion of disease and the causes they produce. One of the ways of cleaning is as a form of prevention.

6-Since the doctor with a clinical diagnosis will be the one who determines the type of disease and the medications to treat it.

7 0
3 years ago
Porter Veterinary Services recently purchased several new stock trailers for their equine and bovine clients. The stock trailers
Elina [12.6K]

Answer: Financial

Explanation:

During the process of buying assets with longer life span, such as stock trailers, most organizations make use of cash gotten during financial activities to foot the bills, while cash accrued during operational activities are rather used to buy assets with shorter life span. Generally during the time of investing there is always decrease in excess cash as to supplying cash for some other activities.

4 0
3 years ago
Why does the cost of capital constitute a direct link between return on capital expenditure and the returns required by capital
Vinil7 [7]

Answer:

The overview of the statement is summarized below.

Explanation:

  • The capital structure seems to be the ratio of net required by investors toward about there capital expenditure. Investment return capital spending seems to be the return rate required for expenditure.
  • Returns required by financial institutions are much worse than the amount of capital, even before investors necessitate a reasonable level of profitability.
3 0
2 years ago
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