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Lady_Fox [76]
3 years ago
12

Jerry knows that Lucy has coveted his classic car for quite some time. Finally willing to sell it, he sends a letter to Lucy off

ering to sell the car for $15,000. Lucy responds by saying she needs time to arrange financing. Lucy offers Jerry $100 to keep the offer open for two weeks. Jerry agrees, taking the $100. Three days later, Roberta contacts Jerry saying she is interested in buying the car and has the cash to buy it outright. Jerry is concerned that if he doesn't sell the car to Roberta now, she may not be interested later. Furthermore, Lucy may never be able to arrange financing. Jerry is afraid he may end up with no buyer at all. He comes to you for advice. What do you advise
Business
1 answer:
Whitepunk [10]3 years ago
6 0

Answer:

Explanation:

Despite the fact that it seems jerry can easily take a bow of the discussion with Lucy and forge ahead in selling the car to Roberta, he had certain restrictions that he should respect. Accepting $100 from Lucy, Jerry entered into what we know as an “Option” contract, giving an option to Lucy to buy the car in the next two weeks.

Irrespective of Lucy’s financial status, jerry should respect the contract that he has entered into. As a back-up, he can hold discussions with Roberta and can request her to wait for 2 weeks when the option period expires and he can sell the car to her at an outright payment

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Answer:

the inventory be reported at on the December 31 balance sheet is $828,000

Explanation:

Here the inventory should be recorded at lower of cost or net realizable value

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Now the ending inventory reported is

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3 years ago
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Lerok [7]

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3 years ago
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Answer:

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Explanation:

the journal entry for the disposal of the truck  are shown

4 0
3 years ago
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Charra [1.4K]

Answer:

benchmark testing

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pochemuha

Answer:

job requirements or qualifications

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In this case, Patagonia uses personal hobbies and lifestyle as part of their requirements for applying for a job, other companies might focus more on leadership skills, education, experience, but it depends on the type of product or service that the company sells.

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