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andrezito [222]
3 years ago
13

Wilbur decides to sell his collection of rare stamps through an online auction site. When he is filling out the information abou

t his collection, he types $40 instead of $400 in the minimum price box. Wilbur does not notice his mistake until after the auction is over and someone has purchased his stamp collection for $75. Wilbur: a. can rescind the contract because he made a unilateral mistake. b. cannot rescind the contract based on his unilateral mistake.
Business
1 answer:
wariber [46]3 years ago
8 0

Answer:

cannot rescind the contract based on his unilateral mistake

Explanation:

Wilbur cannot take his auction back because as per the online auction he did not notice about his mistake and when the contract has been done it cannot be changed as it was already declared by another party legally. So he needs to take care while was filling the form online and need to do crosscheck about his rates to $40 instead of $400.

Hence, due to the acceptance of an offer by the second person he cannot rescind the contract.

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Discuss why two people with similar abilities may have very different expectancies for performing at a high level.
inessss [21]

Answer:

Because they're two different people

Explanation:

The main and major reason why, is the obvious one. The first reason that comes to the mind.

Because they are two different people. Different people have different goals, hopes and aspirations. And even those that share them go through different paths while carrying them out. The minds of the two individuals are not the same, and despite the fact that they have similar abilities, they might not necessarily get the job done on time because of other commitments either of them have. Even if they both have none, there's always a distinguishing factor, and that will always trump, thus making them have different expectancies for performing at a high level.

4 0
3 years ago
What is the goal of materials handling? a. Minimize length of time product is held in storage b. Minimize time spent sorting del
artcher [175]

Answer:

d. Minimize the number of times a product is handled

Explanation:

Material handling is the process by which products are passed from different stages of production and delivery before getting to the consumer.

Since material handling is an essential activity in production businesses plan to reduce cost on this activity.

The best way to reduce handling cost is to reduce the number of time a product needs to be handled.

That is reducing to the barest minimum the touch points in process like sorting, moving, preparing, and storing products

3 0
3 years ago
Marco and Tatiana are married and file separate returns for 2020. Tatiana iternizes her deductions on her return. Marco's adjust
damaskus [11]

Answer:

Since Marco's itemized deductions are lower than the standard deduction, he should not itemize. His taxable income = AGI - standard deduction = $18,000 - $12,400 = $5,600.

Marco's total income tax liability = $5,600 x 10% = $560

Taxpayers should not itemize when the deductions are lower than the standard deduction.

7 0
3 years ago
What is an accurate description of how the political economy of many of the world’s nation-states has changed radically since th
Olegator [25]

Answer:

A. There has been a move away from centrally planned and mixed economies and toward a more free market economic model.

Explanation:

In that period of time, the Soviet union was regarded as the biggest nation who adopted a  centrally planned economic model.  The country was so poor and  a lot of dissatisfaction arise among the people due the centrally planned economic system. Eventually, members of soviet union started to seek their own independence, Leading to the fall of the soviet union in 1991.

The rest of the countries witnessed this Downfall and started to move away from centrally planned and mixed economies toward a free market model. They fear that if they adopted them, their country will fall into poverty just like the Soviet Union.

4 0
4 years ago
Petra is paying her ten employees for 40 hours a week, 52 weeks each year. in 2007, petra spent on wages for her employees each
photoshop1234 [79]

In 2007, Petra spent <u>$2,340</u> on wages for her employees each week, and Petra increased her annual wage budget from 2008 by <u>$14,56</u>0.

<h3>Calculation of wages</h3>

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Petra owns a coffee shop. She has ten employees. In 2007, she paid her employees minimum wage ($5.85 an hour). In 2008, the minimum wage increased to $6.55 an hour. In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___

We can now proceed as follows:

Weekly wage spent Petra in 2007 = 2007 minimum wage per hour * Number of employees * Number of hours per week = $5.85 * 10 * 40 = $2,340

Amount of increase in minimum wage per hour between 2008 and 2009 = $7.25 - 6.55 = $0.7/hour

Petra’s increase in annual budget for wages in 2009 = Amount of increase in minimum wage per hour between 2008 and 2009 * Number of employees * Number of hours per week * Number of weeks = $0.7 * 10 * 40 * 52 = $14,560

Learn more about wages here: brainly.com/question/15381069.

#SPJ4

6 0
2 years ago
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