1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kondaur [170]
3 years ago
5

Peter was in the market for a new boat to use at his lake house. He attends the local boat show with his neighbor Sean. He sees

a Formula 270 Bowrider boat that would be perfect for cruising around the lake and would fit on his dock. The salesperson quotes Peter $38,500 for the boat, but is willing to go down to $35,750 if he closes the deal today. Peter needs to think about it and tells the salesperson he will be back in an hour. Peter and Sean walk away and look at other boats. Sean asks Peter if he would get the boat since it was at a good price. Peter responds that he is not sure... "it’s a big purchase and he is not ready to commit yet." Sean decides that if Peter is not willing to buy it, he would. An hour later Sean comes back to the salesperson and tells the salesperson that he will buy the boat at the same price he offered it to Peter ($35,750). Has a contract been formed between the salesperson and Sean for the Formula 270 Bowrider? Explain your answer.
Business
1 answer:
liq [111]3 years ago
3 0

Answer:

As the salesperson person gave the offer to Peter which he was not sure about, Peter said that he will come back in an hour but Peter didn't came instead his neighbour Sean came and asked salesperson to buy that boat on the price he told to person to according to the rule of offer this offer was made to Peter not Sean. If Peter would have accepted it then salesperson and Peter would be in contract but in this case now the offeror is Sean and Offeree if salesperson so it is up to him to accept the offer. Until the salesperson does not accept the offer then contract has not been form. If the salesperson accepts the offer of 35,750  then the contract will be formed.

You might be interested in
Which aspect of zipcar's strategy makes it a practitioner of conscious marketing?
Arada [10]
It was known as the Zipcar concept.  Using the social media platform, the business was directly linked to the market. It made them get the edge they wanted to be more popular as their customers get to engage themselves they are already attracting potential clients. Being more popular also equates to added value in the market. 
7 0
2 years ago
Read 2 more answers
Question 4 of 20
Eduardwww [97]
The percentage of 250000 to 180000 is 72% or answer D
6 0
2 years ago
Foreign saving is used for domestic investment when foreigners engage in
dmitriy555 [2]

Foreign saving is used for domestic investment when foreigners engage in either foreign direct investment or foreign portfolio investment.

 

<span>To add, ‘Foreign savings’ and the ‘net external resources inflows’ are the two popular acronyms used for the current account deficit in the balance of payments.</span>

8 0
3 years ago
Nelson Manufacturing has two processing departments, Department I and Department II. The raw materials processed at Department I
MaRussiya [10]

Answer:

The journal entry to record the direct material used in production is given below:

Dr Work-In Process Inventory  $40000

Cr Raw Materials Inventory                       $40000

Explanation:

The work in process inventory is debited since it is the receiving account ,while raw material inventory is credited as it is the giving account.

The work in process depicts raw materials currently being worked upon at the production, from which completed goods are then transferred to finished goods inventory.

The raw materials inventory account is the account where raw materials received from vendors are first of all recorded before the need to issue to production process.

When such materials are received in the warehouse , the raw materials inventory account is debited while the supplier account is appropriately credited to show the amount of indebtedness.

7 0
3 years ago
According to the identify (id) function of the nist cybersecurity framework, what allows an organization to prioritize its effor
Viktor [21]

Understanding its business environment and resources allows an organization to prioritize its efforts where cybersecurity risk is involved.

The U.S. Department of Commerce's NIST is the National Institute of Standards and Technology. The NIST Cybersecurity Framework assists companies of all sizes in comprehending, managing, and reducing their cybersecurity risk as well as safeguarding their networks and data. The Framework is an optional one.

Identify, Protect, Detect, Respond, and Recover are the five fundamental tasks. On its official website, NIST describes the framework core as a collection of cybersecurity initiatives, objectives, and helpful resources that are applicable to all critical infrastructure sectors.

For cybersecurity professionals, the NIST Cybersecurity Framework is a valuable resource. It is a cost-effective method for businesses to tackle cybersecurity and promote an internal dialogue about cyber risk and compliance because of its versatility and flexibility.

To know more about Cybersecurity refer to:  brainly.com/question/22586070

#SPJ1

5 0
1 year ago
Other questions:
  • Oriole Company retires its delivery equipment, which cost $53,990. Accumulated depreciation is also $53,990 on this delivery equ
    12·1 answer
  • Diane heads an event management company called Venus Inc. The company encourages an innovative and creative approach to work. Di
    6·1 answer
  • Which of the following types of child care is most closely regulated by state and county government? A. Child care center B. Fam
    5·2 answers
  • Andrew quits his job as an accountant where he earns $60,000 per year to go back to school for two years to get an mba degree. h
    9·2 answers
  • When American servicemen occupied Japan following World War II, the Japanese watched the Americans playing baseball, appreciated
    6·1 answer
  • 3. Why does the infant mortality rate relate to a country's level of development?
    6·2 answers
  • In Maddie's company, senior officers eat in the same cafeteria as the entry-level workers. On a trip to a different country, she
    6·1 answer
  • In the Chase case, Chase segmented customers based on the types of rewards they preferred. Which segmentation strategy does Chas
    6·1 answer
  • Which of the following persons trade for their own account on the floor of an options exchange?
    10·1 answer
  • In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Orio
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!