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VikaD [51]
3 years ago
12

Milner Developers proposed an offer to Henry Wright,an independent contractor,offering to hire him for their next project.They o

ffered him a certain rate and specified the contract details along with describing the stipulated mode of acceptance but received no response.Wright responded to the offer after a delay of two months with a quote for a higher amount than that mentioned by Milner Developers.Do the two parties have a binding contract?
A) No,because the offer made by Milner Developers was ambiguous.
B) No,because Wright's letter was a counteroffer to the original offer.
C) Yes,because Milner Developers did receive a response from Wright.
D) Yes,because Wright's silent signaled his acceptance of the offer.
Business
1 answer:
Bumek [7]3 years ago
8 0

Answer: b. No, because Wright's letter was a counteroffer to the original offer.

Explanation:

Contract is issued based on a binding agreement between two parties, the employer and the employee. The employer gives the terms and conditions which embeds the allowances, while the employee receives the letter and is either expected to give a response there or after a specific period of time, the letter cannot be changed by the employee after delay but there could be negotion within the time frame given. Wright had to offence to be blamed for; 1) he delayed the response. 2) Requesting a higher amount after a long while.

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Marketing strategy addresses a specific target market with a cohesive marketing mix of:
Viktor [21]

Answer:

A) Product, price, place, promotion

Explanation:

The 4 Ps of marketing are:

  1. product: what good or service is our company selling and what need will it satisfy.
  2. price: the actual amount that the company expects that final customers will pay for the product, if the price is too high, the sales volume can be small, but if the price is too low, the profits can b too low also
  3. place: how and where will the product be provided to the customer, e.g. physical stores, online
  4. promotion: include marketing strategies and techniques carried out to communicate the existence and the qualities of our product to potential customers, they include advertisement, sales promotions, public relations
5 0
3 years ago
g A department store chain has 15,100 shares of common stock outstanding at a price per share of $75 and a rate of return of 14%
horrorfan [7]

Answer:

10.79%

Explanation:

WACC = Pretax cost of debt*(1 - tax rate)*[(Number of bonds*Par value *selling price) / (Number of bonds*Par value*Selling price*Number of shares *Price per share)] + Rate of return*[(Number of shares*Price per share) / (Number of bonds*Par value*Selling price + Number of shares*Price per share)]

WACC = 0.065 *(1 - 0.29) * [(400*$1,500*98.2%) / (400*$1,500*98.2% + 15,100*$75)] + 0.14 x [(15,100*$75) / (400*$1,500*98.2% + 15,100*$ 75)]

WACC = 4.615%*[$ 589,200 / ($589,200 + $1,132,500)] + 0.14*[$1,132,500 / ($589,200 + $1,132,500)]

WACC= 4.615%*$589,200 / $1,721,700 + 0.14*$ 1,132,500/$ 1,721,700

WACC = 4.615%*0.342219899 + 14%*0.657780101

WACC =  1.579344834% + 9.208921415%

WACC = 10.79%

3 0
3 years ago
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and
fomenos

Answer:

2356

Explanation:

3546478967654322 321

6 0
3 years ago
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $314,000 and in Allowance for Uncollectible A
Alex787 [66]

Answer:

$11,750

Explanation:

The computation of bad debt is shown below:-

Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance

= ($314,000 × 4%) - $810

= $12,560 - $810

= $11,750

Therefore for computing the bad debt expenses we simply applied the above formula.

8 0
3 years ago
Using demand and supply curves, show the effect of each of the following on the market for cigarettes.
Alex Ar [27]

There are different aspects of demand curves. The answers is below;

  • A cure for lung cancer is found: The demand curve, in this scenario, will shift to the right along as the cure for lung cancer is found which will also increase or move right.

  • The price of cigars will also increases and the demand increases while the curve moves to the right

  • Wages will also increase in states that grow tobacco, while the supply will decreases and the curve will moves left.

  • A fertilizer that increases the yield per acre of tobacco is discovered, this will make supply increases and the curve moves to the right.

  • There is a sharp increase in price of matches, lighters, and lighter fluid, This will make the demand decreases and the curve to go left.

  • More states pass laws restricting smoking in restaurants and public places, this will make demand decreases and the curve to go left.
<h3 /><h3>Demand curve </h3>

The demand curve is known as a curve that helps to give all the possible combinations of the price and quantity demanded of a product or service at a given time and in a graphically manner.

Learn more about curve from

brainly.com/question/1486483

5 0
3 years ago
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