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goldenfox [79]
3 years ago
12

On November 26, Joe wrote to Kate offering to purchase a farm that she owned. Upon receiving the letter on November 28, Kate imm

ediately sent Joe a letter of acceptance. However, shortly after mailing the letter, Kate had second thoughts and called Joe to advise him that she was rejecting his offer. The call was made before Joe received the letter of acceptance. Has a contract been formed? Why?
Business
1 answer:
slega [8]3 years ago
4 0

Answer:

No, a contract has not been form because the offer has been revoked

Explanation:

an offers can be terminated if there is rejection of offer by the offeree. an offer can be revoked before its has been accepted. Since the revocation is made known to Joe before the letter of acceptance reach joe. No contract has been form.

Acceptance or rejection of offer can be done orally or written. orally can be through phone communication.

the phone call can also be a form of rejection of offer which has been declared by the offeree.

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Anastasy [175]
E:cash would be debited and listed first
3 0
3 years ago
Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c
elena-s [515]

Answer: $200,000

Explanation:

The cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver will be calculated thus:

Total sales = $600,000 + $400,000 + $200,000 = $1,200,000

The percentage of Y on total sales will be:

= $400,000/$1,200,000 × 100

= 1/3 × 100

= 33.33%

Therefore, the cost that's allocated to Y will then be:

= $600,000 × 33.33%

= $600,000 × 0.3333

= $200,000

Therefore, the correct answer is $200,000

8 0
3 years ago
What is the name of the company that made and had their own branding on unofficial nintendo entertainment games.
Sidana [21]

Tengen is the name of the company that made and had its own branding on unofficial Nintendo entertainment games.

<h3>Tengen</h3>

It was incorporated on December 21, 1987. In 1988, Tengen emitted its first and only three games authorized by Nintendo: R.B.I. Baseball, Pac-Man, and Gauntlet. Meanwhile, Tengen privately worked to avoid Nintendo's lock-out chip called 10NES which granted it control over which games were published for the NES.

<h3>Nintendo Co., Ltd.</h3>

Nintendo Co., Ltd. is now the biggest video game business by revenue, as a Japanese multinational customer electronics corporation headquartered in Kyoto, Japan.

To learn more about Nintendo visit the link

brainly.com/question/15698254

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8 0
2 years ago
Which demand situation occurs when a competitor offers a similar product or service at a lower price?
Naya [18.7K]

Answer:

Falling demand

Explanation:

Falling demand refers to a situation where the sales volume of a good or service is on a continuous decline compared to the previous seasons. Consumers are no longer finding that particular product or service appealing to buy. Falling or declining is also referred to as faltering demand.

The introduction of a similar product by competitors at a lower price may lead to a decline in demand for the existing goods. Customers will prefer the new cheaper product. As a result, the more expensive and old product will experience falling demand.

3 0
4 years ago
A scope limitation sufficient to preclude an unqualified opinion always will result when management:__________
vovikov84 [41]

Answer:

The answer is D.

Explanation:

A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.

Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)

4 0
3 years ago
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