What are the features of burton biscuits

Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable

maks197457 [2]

Answer: A contractual obligation om shipment is not enforceable.

Explanation: A contract is a legally binding agreement. For a contract to be legally binding it needs to have an offer and acceptance. Strike and Bailey are merchants who both agree on the stated quantity and price of shirts to be shipped. However, the declaration or condition of shipment is neither agreed nor accepted by both Strike and Bailey as Strike offered to deliver using 'Dependable Truck Line' while Bailey accepted delivery by 'Yellow Express Truck Line' that was never offered.

For a contract to exist, a complete offer and acceptance must exist on the full terms and conditions of te shipment in this case. However, there is no agreement by either party on the shipment therefore contractual obligation on shipment is not enforceable.

7 0

3 years ago

If jack was in a 25% tax bracket and received a $1,000 tax deduction, by how much would his taxes be reduced?

Lubov Fominskaja [6]

The answer is that the taxes would be reduced by the following procedure;

(Tax deduction) * (Tax rate) = Your Answer

Applying this formula;

$1000 x 25% = (?)

$1000 x 25/100 = $250

 So the answer is that his taxes would be reduced by “$250”. 

Hope that is helpful :)

7 0

3 years ago

Edinburgh Exports pays an annual dividend rate of 8.00% on its preferred stock that currently returns 10.72% and has a par value

Elena-2011 [213]

Answer:

The value of Edinburgh’s preferred stock is $74.63

Explanation:

Preferred dividend are the fix amount payment which represents the perpetuity, the company can repurchase the preferred share as it is callable.

Dividend = $100 x 8% = $8

Price of Preferred Share = Dividend / Rate of return

Price of Preferred Share = $8 / 10.72%

Price of Preferred Share = $8 / 0.1072

Price of Preferred Share = $74.63

3 0

3 years ago

The technique used to help strategic managers choose among alternative choices by defining the task environment, developing a se

andrew11 [14]

Answer:

Corporate scenarios is the right answer

Explanation:

The correct answer is not listed in the options. Corporate scenarios is the answer to the question.

Corporate scenarios can be said to be pro forma balance sheets and income statements which do the job of forecasing what the effect of individual alternative strategy and their different programs may likely have on the division and return on investment.

Therefore none is the answer

3 0

3 years ago

Suppose a firm produces x and y, the firm earns revenues from x=$50000 and revenues from y equal to $ 30000. the own price elast

Olenka [21]

Answer:

If the firm lowers the price of product x by 1%, the change in the total revenues will be $680.

Explanation:

Own price elasticity of demand of a commodity is the degree of responsiveness of quantity demanded of the commodity to a change in its own price. This is given as -2 for commodity x in the question.

The cross price elasticity of demand between any two commodities is the degree of responsiveness of quantity demanded of the first commodity to a change in the price of the second commodity. This is given as -0.6 for between commodity x and y in the question.

Given the information in the question, the change in the total revenues if the firm lowers the price of product x by 1% can be calculated using the following formula:

ΔTR = [(rx * (1 + ex)) + (ry * cexy)] * Δpx ..................... (1)

ΔTR = Change in the total revenues = ?

rx = revenues from x = $50,000

ex = own price elasticity of demand for x is = -2

ry = revenues from y = $30,000

cexy = cross price elasticity of demand between x and y = -0.6

Δp = Change in the price of product x = -1%

Substituting the values into equation (1), we have:

ΔTR = [(50,000 * (1 + (-2))) + (30,000 * (-0.6)] * (-1%)

ΔTR = [(50,000 - 100,000) - 18,000] * (-1%)

ΔTR = [-50,000 - 18,000] * (-1%)

ΔTR = -68,000 * (-1%)

ΔTR = $680

Therefore, if the firm lowers the price of product x by 1%, the change in the total revenues will be $680.

7 0

3 years ago