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Studentka2010 [4]
4 years ago
10

A buyer offers the full $215,000 asking price for a house. The offer contains this clause: "Possession of the premises on August

1." The seller is delighted to accept the offer and signs the contract. First, however, the seller crosses out "August 1" and replaces it with "August 3," because of a business trip scheduled for the first of the month. The seller immediately books a moving company.. What is the status of this agreement?
Business
1 answer:
Sergio [31]4 years ago
6 0

Options:

) The man has accepted the woman's offer. Because the reason for the change was out of the man's control, the change is of no legal effect once he signed the contract. B) The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject. C) While the man technically rejected the woman's offer, his behavior in scheduling movers creates an implied contract between the parties.

Answer: The man has rejected the woman's offer and made a counteroffer, which the woman is free to accept or reject.

Explanation: Since there has been an alteration in the content of the initial agreement between the buyer and the seller, the agreement has become void and hence, the changes makes it a counteroffer which the buyer is free to accept or reject. Even though the change in the initial agreed document is the date, it is enough to render the initial document void as the terms is no longer consistent with what the potential buyer read and signed on.

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Answer: Option E

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3 0
2 years ago
If the initial margin is $5,000, the maintenance margin is $3,500 and your balance is
irinina [24]
5,000 add 3,500= 8,500
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Answer 4,500
5 0
3 years ago
A local bank is contemplating adding a new atm to their lobby. they will need another phone line to provide communications that
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2 years ago
Mather Company purchased equipment on January 1, 2018 at a total invoice cost of $336,000; additional costs of $6,000 for freigh
Paha777 [63]

Answer:

The accumulated depreciation at 31 December 2019 is $144000

Explanation:

When recording the purchase of a fixed asset, the asset should be recognized at cost at which the asset is purchased plus all the necessary costs that are incurred to bring the asset to the location and in the condition necessary to use as required and intended by the management.

The equipment purchased by Mather should be recorded as,

Cost of equipment = 336000  +  6000  +  30000  =  $372000

The freight and installation are non recurring and necessary expenses to bring the asset to the location and in the condition for use as intended by management. So, these expenses are capitalized.

The straight line depreciation charges a constant depreciation expense every year through out the useful life of the asset.

Straight line depreciation =  (Cost - Salvage Value) / estimated useful life

Straight line depreciation per year = (372000 - 12000) / 5

Straight line depreciation per year = $72000

So, the accumulated depreciation at 31 December 2019 is,

Accumulated depreciation = 72000 + 72000 = $144000

7 0
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