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soldi70 [24.7K]
3 years ago
7

Online Acceptances. Heather Reasonover opted to try Internet service from Clearwire Corp. Clearwire sent her a confirmation e-ma

il that included a link to its website. Clearwire also sent her a modem. In the enclosed written materials, at the bottom of a page, in small type was the website URL. When Reasonover plugged in the modem, an "I accept terms" box appeared. Without clicking on the box, Reasonover quit the page. A clause in Clearwire’s "Terms of Service," accessible only through its website, required its subscribers to submit any dispute to arbitration. Is Reasonover bound to this clause?
Business
1 answer:
myrzilka [38]3 years ago
3 0

Answer:

<u>no</u>

<u>Explanation:</u>

Remember, we are told that even though an "I accept terms" box appeared, "without clicking on the box, Reasonover quit the page". That means Reasonover didn't expressedly accept the "Terms of Service."

Hence we could conclude that Reasonover was not bound to this clause found only on the website.

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Southern Company is preparing a cash budget for April. The company has $12,000 cash at the beginning of April and anticipates $3
andrew-mc [135]

Answer:

Opening Cash Balance = $ 12,000

Add: Expected receipt = $ 30,000

Total Cash Available = $ 42,000

Less: Cash disbursement = $ 34,500

Less: Minimum Balance = $ 10,000

Closing Balance = ($ 2,500)

Therefore, company must borrow = $ 2,500

5 0
3 years ago
Jane was a partner at a law firm earning $223,000 per year. She left the firm to open her own law practice. In the first year of
In-s [12.5K]

Answer:

accounting profit from her first year  =  $184000

so correct option is D. $184,000

Explanation:

given data

earning = $223,000 per year

generated revenues = $347,000

explicit costs = $163,000

to find out

accounting profit from her first year

solution

we know that accounting profit is the difference between explicit cost and explicit revenue so

we get accounting profit from her first year is as

accounting profit from her first year = generated revenues  - explicit costs  .................1

put here value we get

accounting profit from her first year  = $347000 - $163000

accounting profit from her first year  =  $184000

so correct option is D. $184,000

6 0
3 years ago
Sumner sold equipment that it uses in its business for $30,800. Sumner bought the equipment a few years ago for $79,600.00 and h
topjm [15]

Answer: $9025 §1231 loss

Explanation:

From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.

Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:

The book value of the equipment will be:

= $79600 - $39775

= $39825

Since the equipment is sold for $30,800, the loss will be:

= $39825 - $30800

= $9025

It should be noted that there will be no depreciation recapture because the asset is sold for a loss.

5 0
4 years ago
We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms
harina [27]

Answer:

the correct answer

a) 2.5

8 0
4 years ago
A smooth-talking used-car salesman who smiles considerably is offering you a great deal on a "pre-owned" car. He says, "For 7 an
goldenfox [79]

Answer:

The price of this car=$13,015.925

Explanation:

Given data:

Amount each year=$2,500

Time period=7 years

interest rate=8%

Required:

The price of this car=?

Solution:

The Formula we are going to use is:

PV=A*(\frac{1-(1+r)^{-n}}{r})

Where:

PV is the price of car i.e present value

A is the payment made each year

n is the time period in which payments are paid

r is the interest rate

A=$2,500, r=8%=0.08,  n=7

PV=\$2,500*\frac{1-(1+0.08)^{-7}}{0.08} \\PV=\$13,015.925

The price of this car=$13,015.925

5 0
3 years ago
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