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motikmotik
3 years ago
11

The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on J

une 5 and was received by Boyd on June 9. The offer stated it would remain open until December 20. The offer:
Business
1 answer:
Andru [333]3 years ago
4 0

Answer:

is valid until December 20, but it can be revoked by Deal any time before that date unless Boyd has accepted it.

Explanation:

An offer can be revoked by the offeror at any time as long as the following two conditions exist:

  1. the offeror notifies the offeree that the offer is being revoked
  2. the offeree has not yet accepted the offer
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On july 1, book palace prepaid 12 months' fire insurance with coverage starting the following month. the adjusting entry on dece
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The adjusting entry on December 31 includes <u>a debit to Insurance</u> <u>Expense; a credit to </u><u>Prepaid Insurance</u>

This is further explained below.

<h3>What is fire insurance?</h3>

Generally, A valid contract even against loss or damage caused by an unintentional fire or other incidents that are normally covered under a fire policy is what is known as fire insurance.

The term "fire insurance" refers to a kind of homeowners insurance that compensates the policyholder for financial losses and damages brought on by the fire.

In conclusion, There is often some level of fire protection included in the majority of plans; however, homeowners may be able to obtain extra coverage in the event that their property is destroyed or damaged as a result of the fire.

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6 0
2 years ago
Suppose that a deep and prolonged recession induces some job seekers to discontinue their job search efforts due to the belief t
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Let's say that a severe and protracted recession leads some job seekers to give up on their attempts because they think there are no jobs accessible for them. These people are referred to as: Discouraged.

Discouraged by continuous failure: dishearten was deprived of courage or confidence. to undermine an effort to reduce absenteeism by impeding it. sought to discourage her from going, or to try and prevent someone from doing something. to get demoralized Discouragement is the act of trying to persuade someone not to do something. One way to discourage someone is to list all the reasons they shouldn't purchase a new car.

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3 0
2 years ago
PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new
Alchen [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling Price $284 per unit

Administrative Cost $500,000

Advertising Cost $700,000

(a) Units= 18,500

Direct labor= $50

Direct material= $88

Sales= 18,500*284= 5,254,000

Variable costs= (50 + 88)*18,500= (2,553,000)

Contribution margin= 2,701,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 1,501,000

B)Units= 9,500

Direct labor= $51

Direct material= $101

Sales= 9,500*284= 2,698,000

Variable costs= (51 + 101)*9,500= (1,444,000)

Contribution margin= 1,254,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 54,000

7 0
3 years ago
A bond has a par value of $1,000, a time to maturity of 15 years, and a coupon rate of 7.90% with interest paid annually. If the
Effectus [21]

Answer:

$5.97

Explanation:

In order to determine the capital gain of the bond in a year's time,it is first first of all important to calculate the yield to maturity on the bond which is arrived at by applying the rate formula in excel as follows:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest the bond would pay over its entire life of 15 years which is 15

pmt is the annual interest,7.9%*$1000=$79

pv is the current market price of the bond which is $790

fv is the value of $1000

=rate(15,79,-790,1000)=10.79%

Afterwards,the price of the bond in one year' time can then be calculated:

=-pv(rate,nper,pmt,fv)

The variables in the formula are as above except for nper which would reduce by 1 in a year's time

=-pv(10.79%,14,79,1000)

pv=$ 795.97  

Hence the capital gain=price now-price one year ago/price one year ago

price now is $795.97  

price one year ago was $790

Capital gain=$795.97-$790=$5.97

Capital gain %= ($795.97-$790)/$790=0.76%

8 0
3 years ago
A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o
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Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





5 0
3 years ago
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