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GenaCL600 [577]
3 years ago
9

On March 1, Vance, a Boston entertainment broker, writes to Patty, an opera singer, and offers her a job singing the lead in La

Traviata, starting July 1. The letter provides: "any acceptance must be received by me by April 1." Patty writes a letter accepting the offer, which she places in the mail on March 15. The letter is lost in the postal system and never delivered. Not hearing from Patty, Vance hires Heidi to sing the lead. Patty shows up in Boston on July 1. Is there a contract between Vance and Patty?
Business
1 answer:
Vladimir [108]3 years ago
6 0

Answer:

There is no contract since Patty's acceptance was never received by Vance.

Explanation:

Without an acceptance, there is no contract. There is even a postal acceptance rule that states that the date of the acceptance is the same date as the mail was sent. This is prevent any issues due to late mail, for example if the mail had arrived April 5th instead of 1st, the acceptance would be valid because it was mailed before April 1st. The problem here is that the acceptance never arrived, therefore it is not valid, so there is no contract.

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Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization i
STALIN [3.7K]
Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization is producing a large number of defective products. This is an example of: Feedback control.
4 0
4 years ago
Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems
ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0
4 years ago
What are the portfolio weights for a portfolio that has 148 shares of Stock A that sell for $35 per share and 110 shares of Stoc
Svetllana [295]

Answer:

Weight A= 0.6624

Weight B= 0.3376

Explanation:

From the question above,

Stock A has 148 shares at $35

Stock B has 110 shares at $24

The first step is to calculate the total amount of value

= 148($35)+110($24)

= $5,180+$2,640

= $7,820

Therefore the weight of each stock can be calculated as follows

Weight A= 148($35)/$7,820

= $5,180/$7,820

= 0.6624

Weight B= 110($24)/$7,820

= $2,640/$7,820

= 0.3376

Hence the portfolio weights are 0.6624 and 0.3376 respectively.

6 0
3 years ago
A land development company purchases several acres of land adjacent to a wildlife reserve. It plans to build a new community, co
8_murik_8 [283]

Answer:

A case of corporate social responsibility for the environment.

Explanation:

Note that the proposed buildings would be close to a wild life reserve.

The company took the right step inorder to fulfill its responsibility to preserve and protect the environment (wild life reserve) by scheduling a meeting with Green Sands's representatives to make choices about the property that are agreeable to both sides.

3 0
3 years ago
A house is closed on October 15. The annual insurance payment is $578 for the fiscal year of July 1 to June 30. The buyers will
Brums [2.3K]

Answer:

$313

Explanation:

In order to divide the insurance bill between the seller and the buyer, we must first determine the insurance cost per month. We first divide the total premium by 12 months = $578 / 12 = $48.17 per month.

The seller is responsible for paying insurance during June, July, August, September and half of October (15 days). So the seller's share of the bill = 5.5 months x $48.17 = $264.92 ≈ $265

So the buyer owes the seller the difference between the total premium paid and $265 = $578 - $265 = $313

5 0
3 years ago
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