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Alexxx [7]
3 years ago
12

On Monday, Mick puts an offer in the mail to Sheri to sell his guitar for $50. Monday night when jamming with his buddies, he de

cides he will really miss his old guitar and has second thoughts about selling it. Tuesday morning he puts a revocation in the mail informing Sheri he has changed his mind and the guitar is no longer for sale. The revocation is effective on Tuesday morning.
True / False.
Business
1 answer:
leva [86]3 years ago
6 0

Answer:

False.

Explanation:

Revocation is a term that is used to describe the withdrawal of an offer by the person who is making the offer, in other words, the offeror.

A revocation will take effect when it is known to the person that the offer was made to, in other words, the offeree.

In the scenario presented above, Mick's revocation will not take effect on Tuesday if Sheri did not receive the revocation that same day. This means that the revocation will only take effect when Sheri knows of it.

You might be interested in
All of the following statements are TRUE about the use of defense tactics by the target firm during a hostile takeover EXCEPTa.
12345 [234]

Answer:

d. defense tactics make the costs of a takeover lower.

Explanation:

There's a take over attempt when a company is faced with a hostile takeover attempt.

Defense can be either pre offer takeover or post offer takeover.

In pre offer takeover defense, companies put mechanisms in place to discourage takeover attempts.

Pre takeover defense mechanisms include:

1. Golden parachute: this benefits the managers of a company. It is an agreement where managers are compensated lucratively if they leave the company being targeted for a takeover when there's a change in corporate control.

2. Fair price amendments: this sets a bidding value floor for a target company. This makes the company more expensive

3. Staggered board : this is when its impossible to change all the members of boards of a company.

4. Poison pill

5. Poison put

Post take over defense mechanism usually are put in place after a takeover attempt. They include:

1. White knight defesne : The takeover firm invites another company to purchase it in place of the firm planning an hostile takeover. This can lead to bidding and counter bidding by the third firm and the firm planning the hostile take over. This can eventually leads to winners curse. This usually increases the cost of takeovers

2. Litigation

Not all take over defense tactics are usually effective. Generally, preoffer take over tactics are usually recommended.

3 0
3 years ago
George is considering an investment that will pay $3,250 a year for eight years, starting one year from today. What is the maxim
garri49 [273]
$18676.58 is the amount he should pay
6 0
3 years ago
Explain how consumer and producer surplus affect economic well-being. When the price of a good or service is – enough, it will e
horrorfan [7]

Answer:

the general welfare will be the sum of consumer surplus and producer surplus.

Explanation:

The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.

Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.

Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.

Thus, the general welfare will be the sum of consumer surplus and producer surplus.

4 0
4 years ago
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 ballo
ratelena [41]
<h3>Answer</h3>

The market share of Levon is 28%

<h3>Explanation</h3>

Total revenue of Levon is calculated:

$8 * 350 balloons = $2,800 per month

Total Revenue of the market:

$5 * 2000 balloons = $10,000 per month

Dividing Total Revenue of Levon with Total Revenue of the market

$2,800 / $ 10,000 = 0.28

Convert into percentage by multiplying with 100

0.28 * 100 = 28%

<h3>Conclusion</h3>

The market share of Levon is 28%

Learn more about Business at brainly.com/question/26556204

4 0
2 years ago
Which of the following is not a typical adjustment made to the income statement for projection purposes?
ankoles [38]

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.  

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

7 0
4 years ago
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