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svp [43]
3 years ago
7

Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J

ulius can't afford her boat anyway. Rachel says, "I'd sell my boat to you for $400." To Rachel's surprise, Julius responds "Ok, it's a deal." Rachel does not want to sell the boat to Julius for any price. Julius and Rachel have_______________________.
Business
1 answer:
katrin [286]3 years ago
8 0

Answer:

formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

In contract, outward expressions refers to a situation when both parties has directly communicate the terms of a certain transaction and agreed upon it.

The contract is considered as 'valid' and considered to be a verbal agreement as soon as Rachel proposed a price and Julius agreed upon it.

One thing to remember, Even though this contract is considered as valid , it would be hard for Julius to held Rachel accountable to court since he has no way to proof that the verbal agreement has been made.

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Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba
saveliy_v [14]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

5 0
3 years ago
Samson Designers producers a lady's handbag that normally sets for $120. The company produces 800 units annually but has the cap
anzhelika [568]

Answer: A. Incremental revenues will exceed incremental costs by $400

Explanation:

First let us start by calculting the incremental revenue from the special order,

Incremental revenue from special order = Incremental Revenue per unit x no. of units

=200*$85

= $17,000

Then we need to calculate the incremental cost of the special order which would include all the costs,

Incremental cost on special order = Direct materials + Direct labor + Variable overhead + Additional labor cost for monogram + Purchase of equipment for monogram

= (200*$23) + (200*$45) + (200*$7) + (200*$4) + $800

= $16,600

Finally we will then subtract the Incremental cost from revenue,

=17,000 - 16,600

=$400

<em>Incremental Costs increased by $400 so Option A is correct.</em>

5 0
3 years ago
What is a plane?? i need help
weqwewe [10]

Answer:

In mathematics, a plane is a flat two-dimensional surface that extends infinitely far. A plane is the two dimensional analogue of a point a line in three dimensional space.

A plane spotter is involves tracking or spotting planes. This hobby is often accompanied by photography which serves as a way to document which aircraft has been spotted. Generally, spotting aircraft involves the following: naming and identifying aircraft types and models.

5 0
3 years ago
Read 2 more answers
Question 511 pts Advertising, personal selling, publicity, and sales promotion are collectively known as the Group of answer cho
mars1129 [50]

Advertising, personal selling, publicity, and sales promotion are collectively known as the (C) promotion mix.

<h3>What is the promotion mix?</h3>
  • To achieve a given marketing goal, a promotional mix is a combination of marketing strategies such as advertising, sales, public relations, and direct marketing.
  • Typically, the promotional mix is merely one component of a bigger marketing mix.
  • A promotion mix is an important strategy for delivering a relevant promotion message to each segment via the most appropriate channel.
  • Improves client communication.
  • Companies create a promotion mix in an attempt to speak their customers' language.
  • When properly prepared, it aids in the development of trust between the brand and its clients.

Therefore, advertising, personal selling, publicity, and sales promotion are collectively known as the (C) promotion mix.

Know more about the promotion mix here:

brainly.com/question/15496841

#SPJ4

Correct question:

Advertising, personal selling, publicity, and sales promotion are collectively known as the:

(A) product mix.

(B) distribution channels.

(C) promotion mix.

(D) marketing channels.

(E) product strategy.

6 0
2 years ago
Bramble Corp. purchased land as a factory site for $1350000. Bramble paid $124000 to tear down two buildings on the land. Salvag
MA_775_DIABLO [31]

Answer:

$1,484,020

Explanation:

Cost of Land :

= Purchase Value  + Cost Incurred to Tear  Down 2 Buildings - Salvage + Legal Fees + Title Insurance Cost + Assessment Cost

= $1,350,000 + $124,000 - $8,400 + $5,220 + $3,700 + $9,500

=  $1,484,020

Therefore, the cost of the land that should be recorded by Wilson Co. is $1,484,020.

5 0
3 years ago
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