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Aleksandr [31]
3 years ago
15

Seller offers to sell her home to a purchaser for $70,000.00. The purchaser responds that she will buy the home for $60,000.00.

The seller refuses the purchaser’s offer to buy for $60,000.00. The purchaser then, after that refusal, offers to buy the home for $70,000.00. At this time, what is the legal relationship of the parties
Business
1 answer:
nikklg [1K]3 years ago
8 0

Answer:

The answer is: The buyer made an offer to purchase the home for $70,000

Explanation:

When the seller offered to sell his home for $70K, but the buyer only offered $60K, the original offer was discarded, so no legal relationship was established.

When the buyer later offers to buy the home for $70K, a new offer is made creating a legal relationship only if the selling party accepts the offer.

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Verma, Inc. sells office furniture. In 2021, it sold 200 desks for $500 each. For each desk sold, Verma distributed a 50% discou
Effectus [21]

Answer:

$12

Explanation:

The standalone price is the price at which the seller (Verma) would sell its products or services (discount coupon) separately to other customers.

to determine the standalone price of the discount coupon we must multiply the change in discount by the expected use of the coupons:

  • change in discount = $150 x (50% - 10%)  = $150 x 40% = $60
  • expected use = 20%

= $60 x 20% = $12

3 0
3 years ago
Which of the factors of industrialization does Baines cite in the reading? Check all that apply water power to run machines rive
Daniel [21]

Answer: • Water power to run machines

• rivers for transportation of goods

• natural resources for production

Explanation:

Industrialization is when am economy moves from the agricultural sector to the industrial sector.

The factors of industrialization does Baines cite in the reading include:

• Water power to run machines

• rivers for transportation of goods

• natural resources for production

8 0
3 years ago
Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead c
leva [86]

Answer:

1. $3,380

2. $2,175

Explanation:

Part 1

Predetermined overhead rate = Total Overheads for the Company ÷ Total  Direct labor-hours for the Company

                                                  =  $ 15,080,000 ÷ 232,000

                                                  = $65

Overheads applied to Job Bravo = ( 30 x $65) + (22 x $65) =  $3,380

Part 2

<em>Assembly department</em>

Predetermined overhead rate =  $ 7,250,000 ÷ 145,000

                                                  = $50

<em>Assembly department</em>

Predetermined overhead rate =  $ 7,830,000 ÷ 290,000

                                                  = $27

Overheads applied to Job Bravo = (30 x $50) + (25 x $27) = $2,175

3 0
3 years ago
The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Cost of the equipment $ 50,000 Sa
kakasveta [241]

Answer:

The multiple choices missing from the question are:

a. $60,000.

b. $50,000.

c. $57,000.

d. $59,000.

Option D,$59000 is correct

Explanation:

The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.

The recorded cost is computed thus:

Purchase price   $50,000

sales tax              $4,000

shipping               $3,000

installation            $2,000

total  cost            $59,000

The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)

4 0
3 years ago
Read 2 more answers
Which of the following is not an example of how media coverage of the Space Race affected the economy?
mrs_skeptik [129]

Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.

The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.


7 0
3 years ago
Read 2 more answers
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