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Daniel [21]
3 years ago
7

Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J

ulius can't afford her boat anyway. Rachel says, "I'd sell my boat to you for $20,000." To Rachel's surprise, Julius responds "Ok, it's a deal." Rachel does not want to sell the boat to Julius for any price. Julius and Rachel have:
a. not formed a valid contract because of lack of definiteness in the contract terms.
b. not formed a valid contract because Rachel did not want to sell the boat for any price.
c. formed a valid contract because Rachel's outward expressions showed the formation of a contract.
d. formed a valid contract because Julius expressed outward interest in the boat
Business
1 answer:
posledela3 years ago
3 0

Answer:

I believe the correct answer is c

Explanation:

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6
TEA [102]

Answer: Four pies.

Explanation:

Marginal cost is the additional cost of producing one extra unit of a good or service.

From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.

From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.

3 0
3 years ago
It is still customary in u.s. society for a bride to accept her husband's last name and for the bride's family to pay for the we
Ksivusya [100]
<span>The customs of a bride taking her husband's last name and her family paying for the wedding represents a patriarchal line of authority. In a patriarchal line of authority, the man is considered the head of a family and descendants trace their heritage back through his line.</span>
6 0
2 years ago
The biggest losers in the institutional treasury management case were:
Elodia [21]
The biggest losers in that case were the tax payers.
Under the <span> institutional treasury management case, it involved the frauding of millions of dollars that is hidden from a certain investment account.
If not being fraud ,These millions of dollar should've resulted in about 40% tax rate that will be used by the government for the benefit of the taxpayers in the form of welfare or other infrastructures</span>
8 0
3 years ago
In a price break model of lot sizing, to find the lowest-cost order quantity, it is sometimes necessary to calculate the economi
madam [21]

Answer: True

Explanation:

A price break is a price reduction especially when one buys in bulk. Price Break model is used when there is variation between the inventory price and the order size.

In a price break model. the economic order quantity is computed for every possible price and matched to the inventory amount available at that price. It can then be used to ascertain if the smallest cost quantity is possible.

3 0
3 years ago
ABC Ranch &amp; Farm is a distributor of ranch and farm equipment. Its products range from small
scoundrel [369]

Answer:

ABC Ranch & Farm

a. Journal Entries:

Jan. 1, 2019:

Debit Notes receivable (Mills Farm & Fleet) $48,000

Credit Refund liability ($48,000 * 5%) $2,400

Credit Sales revenue $45,600

To record the sale of 40 augers for a 6-month note at 12% interest.

January 1, 2019:

Debit Cost of goods sold $30,400

Credit Inventory $30,400

To record the cost of goods sold, less estimated return of 5%.

b. Journal Entries:

August 10, 2019:

Debit Accounts Receivable $57,600

Credit Sales revenue $57,600

To record the sale of 16 mini trenchers to a farm co-op.

August 10, 2019:

Debit Cost of goods sold $32,000

Credit Inventory $32,000

To record the cost of goods sold.

June 20, 2019:

Debit Cash Account $9,040

Credit Deferred Revenue $9,040

To record the receipt of the down payment.

October 1, 2019:

Debit Deferred Revenue $9,040

Credit Sales Revenue $9,040

To record revenue for goods sold.

Debit Cash Account $36,160

Credit Sales Revenue $32,051

Credit Service Revenue (Installation) $2,935

Credit Service Revenue (Maintenance) $1,174

To record the receipt of full payment for goods sold and installation and maintenance services.

December 31, 2019:

Debit Service Revenue (Maintenance) $1,076

Credit Deferred Revenue $1,076

To record the deferred revenue for maintenance.

Explanation:

A) Data and Calculations:

Item                                 Standalone selling

                                           Price (cost)

Mini -trencher                   $3,600 ($2,000)

Power fence hole auger  $1,200    ($800)

Grain/ Hay dryer         $14,000 ($11,000)

Sale of grain/hay dryers:                      Allocation of Contract

                                                                    Price of $45,200

Sale revenue $14,000 * 3 = $42,000   $41,091   (42,000/46,200 * 45,200)

Installation fee $1,000 * 3 =     3,000      2,935     (3,000/46,200 * 45,200)

Maintenance fee for 3 years   1,200         1,174      (1,200/46,200 * 45,200)

Total                                    $46,200  $45,200

June 20,   Down payment ($45,200 * 20%) = $9,040

October 1, Full payment  ($45,200 * 80%) =  $36,160

Total payment                                                 $45,200

Maintenance fee:

Deferred Revenue (1,174*33/36) = $1,076

Maintenance fee revenue (1,174* 3/36) = $98

5 0
3 years ago
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