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Vladimir [108]
3 years ago
13

Jeff jokingly offers to sell his farm to Ron for $100. Ron accepts, and demands the farm after giving Jeff his $100. What is Jef

f’s best argument that a contract was not formed?
Business
1 answer:
Marina86 [1]3 years ago
3 0

Answer:

A reasonable person would not think, it was a fair offer to sell a land in $100

Explanation:

  • Jeff jokingly to Ron that he wanted to sell his farm in just $100, Ron has to know that, no one wants to sell his farm or land in just $100.
  • Jeffs's offer was automatically null for Ron.
  • Jeff can simply explain to Ron that this contract is not formed because he was making a joke with Ron.
  • by these argument Jeff can simply explain Ron about the joke.
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Answer:

sunk cost

Explanation:

Sunk cost is cost that has already been incurred and it cannot be recovered. When making future decisions, sunk cost should not be considered.

The money i paid for the ticket is the sunk cost. I should not consider this cost when making the decision of whether to for the concert or not to

5 0
3 years ago
Dannon Co. reported its expenses of $35,200 on the cash basis. Corporate records revealed the following information: Beginning p
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Answer:

Explanation:

The computation of expense amount is shown below:

=  Expenses - adjusted prepaid expense + adjusted accrued expense

= $35,200 - $500 -  $450

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The adjusted prepaid expense is computed by

= Ending balance of prepaid expense - beginning balance of prepaid expense

= $1,800 - $1,300

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And, the The adjusted accrued expense is computed by

= Ending balance of accrued expense - beginning balance of accrued expense

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3 years ago
Why are europeans smarter about their own countries governments than we Americans are about ours?
a_sh-v [17]
Well that's not really a question. More of an opinion.
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3 years ago
Inventory records for Marvin Company revealed the following:
lbvjy [14]

Answer:

Ending inventory= $5,592.45

Explanation:

Giving the following information:

Mar. 1: Beginning inventory= 1,090 units at $7.25

Mar. 10: Purchase: 510 units at $7.75

Mar. 16: Purchase: 397 units at $8.35

Mar. 23: Purchase: 510 units at $9.05

First, we need to calculate the number of units in ending inventory:

Ending inventory in units= total units - units sold

Ending inventory in units= 2,507 - 1,880= 627

Under FIFO (first-in, first-out), the ending inventory is composed of the cost of the last units bought.

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3 years ago
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Answer:

Consumer Involvement

Explanation:

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