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Lilit [14]
3 years ago
11

"$100 reward will be paid by Neti-pot Co. to any person who suffers from hayfever after having used the Neti-pot three times dai

ly for 4 weeks, according to the printed instructions supplied with the pot. We have deposited $1000 with First National Union Bank to show how much we believe in the healing powers of the Neti-pot."
Sheldon used the Neti-pot every day for 4 weeks, but still suffered from seasonal hayfever allergies. Will he be able to collect $100 from the Neti-Pot Company?

a. No, because advertisement are not generally offers.
b. No, because the advertisements are an invitation to bid.
c. No, because no reasonable person would have believed Neti-pot's ad to be an offer.
d. Yes, because Sheldon accepted the offer contained in the Neti-pot ad by performance.
Business
1 answer:
Scorpion4ik [409]3 years ago
6 0

Answer:

B. No, because the advertisements are an invitation to bid.

Explanation:

An advert is not legally binding as it is just a means to capture consumer attention and convince them to buy a product or service.

Advertisements are merely considered as invitations to bid so the one made by Neti-pot Co is misleading because anybody reading it will immediately assume if a consumer takes the product the way it is advertised and begin to get side effects, the company will really give out the $100 promised.

Therefore, Sheldon wont get any compensation even if she decides to sue.

She will have to bear the consequences alone.

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The action that is reflected above shows the equity among sexes. This country believes that whatever education that its male constituents should also be received by the females. That is because women should also be given the privilege to learn.
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On a production possibilities curve, a change from economic inefficiency to economic efficiency is obtained by a) movement along
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Answer:

c) movement from a point inside the curve to a point on the curve.

Explanation:

Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.

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3 years ago
What is one major disadvantage of a capital formation strategy that focuses only on high risk investments
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Answer:

It increases the chance that the investment will lose all value.

Explanation:

If you go for a risky investment, it could increase the chance of it being a waste of time and money to sum it all up. But the answer you seek is, "It increases the chance that the investment will lose all value."

8 0
2 years ago
Payment for the use of a copyrighted work is called a
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7 0
3 years ago
Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for
Alina [70]

Answer:

June 1, 2021

No entry – neither party has performed under the contract.

August 1,2021

Dr.  Cash                                        $4,000

Dr.  Accounts Receivable            $700

Cr.  Unearned Service Revenue  $1,085

Cr.  Sales revenue                        $3,615

Dr.  Cost of goods Sold                $2,300

Cr.  Inventory                                 $2,300

Explanation:

As no one performed under the contract on June 1, 2021, so there will be no entry on this day.

On August 1, 2021, Windsor has 2 performance obligations

First: Delivery of the windows

&

Second: Installation of the windows

Fair value of Windows = $4,000

Fair value of Installation services = $1,200

Fair Value of Contract  = $4,000 + $1,200 = $5,200

Allocation of to revenue is based on the ratio of fair value of each performance to the total fair value of contract, As below

Windows  = ($4,000 / $5,200) X $4,700 = $3,615 (round to nearest dollar)

Installation services = ($1,200/$5,200) X $4,700 = $1,085 (round to nearest dollar)

Total Revenue recognized = $4,700

8 0
3 years ago
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