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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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the ____ determined that companies can be prosecuted and punished for the illegal or unethical actions of employees even if mana
Pavlova-9 [17]

Answer:

U.S. Sentencing Commission Guidelines                      

Explanation:

The U.S. Punishment Panel may be described as an autonomous branch of the judiciary of the U.S. government. It is responsible for determining the U.S. sentencing guidelines for all the federal courts.

The Council began propagating the National Sentencing, which replaced the previous system of indeterminate sentencing that allowed jurors to hand down penalties varying from parole to severe criminal penalty for the crime. Head office reside in Washington, D.C.

7 0
4 years ago
What are 3 helpful habits (to prepare for a big test)?<br><br> Plz be specific.
Alenkinab [10]
Hello!

Here are some tips:

• Get a good night's sleep. Believe me, if I don't get at least 7 hours of sleep before a big test, my mind won't function properly and I'll forget everything I'd practised. So, please, get enough sleep.

• Eat something good before the test. It'll help you. When your belly is full, almost everything is okay! :D Seriously, eat enough so that you wouldn't get hungry during the test, and you'll have less to think about. Also, make sure the food doesn't contain too much sugar.

• Take breaks when you're studying. Do NOT cram all those facts in your head, because they won't stay there. Set up a schedule and designate a specific part of every day to studying, and it shouldn't be longer than half an hour.

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6 0
3 years ago
Read 2 more answers
Which of these is an example of discretionary spending?
aliya0001 [1]
<span>D is the correct answer. Discretionary funding is not essential for a person to live. Rent and groceries both provide basic human needs of shelter and food respectively, and deb repayment is necessary to avoid bailiffs. Vacations are an unecessary expense.</span>
3 0
3 years ago
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If Good C increases in price by 30% a pound, and this causes the quantity demanded for Good D to increase by 40%, what is the cr
dalvyx [7]

Answer:

1.3

Explanation:

Given:

If Good C increases in price by 30% a pound.

This causes the quantity demanded for Good D to increase by 40%.

Question asked:

What is the cross-price elasticity of the two goods ?

Solution:

We can find the cross-price elasticity of the two goods by this formula:

E_{c}  = \frac{ Percent\  change\ in \a \ quantity \ of \ good \ D}{Percent \ change\  in\ the\  price\  of \ good\  C}

E_{c}  = \frac{40}{30}= 1.3

When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the  is Good C and  Good D is 1.3.

4 0
3 years ago
1. Supplies on hand at October 31 total $530.
elena-14-01-66 [18.8K]

Answer:

A journal was prepared for the entries of items in the question given,

Explanation:

<em>Solution</em>

We prepare a journal entries for the item listed in the question

J<em>OURNAL ENTRY</em>

No                   Accnts $ Explanation              Debit             Credit

1      Debit             Supply expense                 $530.

        Credit           Supplies                                                      $530.

2.     Debit        expense of insurance               $125.

       Credit        Prepaid insurance                                           $125.

3.     Debit          Depreciation expense             $75

       Credit      Accumulated  depreciation

                                Equipment                                                  $75

4.   Debit          Unearned service revenue        $950

      Credit          Service revenue                                               $950

5.    Debit         Accounts receivable                    $330

       Credit         Service revenue                                                $330

6.     Debit           Interest expense                         $80

       Credit           Interest payable                                                $80

7.      Debit        Salaries and wages expense       $1460

        Credit        salaries and wages payable                               $1460

5 0
3 years ago
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