Answer:
b. a written, signed offer by anyone to buy or sell goods.
Explanation:
Under the provisions of Article 2 of Uniform commercial code, whenever a merchant as defined by the act, signs a written document whereby he promises to buy or sell goods, such an offer gives rise to a firm offer which cannot be revoked.
The three important conditions for an offer to be termed as a firm offer would be, the agreement must be in writing and secondly, it must be signed by the party and most importantly it must state a promise to perform an act of buying/selling.
Answer:
Owner's equity at the end = $43920
Explanation:
Given below is the informations:
Begining equity = $50630
Net income = $6850
Dividend paid = $4630
Repurchased = $8930
Below is the calculation for the owner's equity at the end.
Owner's equity at the end = Begining equity + Retained earning - Repurchased
Retained earning = 6850 - 4630 = 2220
Owner's equity at the end = 50630 + 2220 - 8930
Owner's equity at the end = $43920
Answer:
Exclusive Distribution
Explanation:
Exclusive distribution occurs when a manufacturer authorizes by contract the exclusive sale of a product or service to a single distributor. It is a marketing strategy that must be well implemented to be effective, it is essential that the manufacturer carefully selects a distribution network that has a strategy similar to the image the product wants to convey to customers, so the product image is preserved, and the effectiveness is more guaranteed.
Answer:
a. $28.5
b. 12.28%
c. $29.18
d. 13.09%
Explanation:
a. let current price = p
p*1.10 = 2(1-0.3)+30
= 1.4+30/1.10
= 31.4/1.10
= 28.5
the current price of the stock is approximately 28.5 dollars
b. (30+2 /28.5)-1
= 32/28.5 - 1
= 0.1228
= 12.28%
expected before tax rate is 12.28%
c. 3(1-0.3)+30 / 1.10
= 3*0.7+30/1.10
= $29.18
d. before tax rate of return
= (3$ + 30-29.18)/29.18
= 0.1309
= 13.09%
it is now higher here given that given that a greater dividend causes more tax burden.