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Kay [80]
4 years ago
5

Acceptance. Altisource Portfolio Solutions, Inc., is a global corporation that provides real property owners with services, such

as property preservation—repairs, debris removal, and so on. Lucas Contracting, Inc., is a small trade contractor in Carrollton, Ohio. On behalf of Altisource, Berghorst Enterprises, LLC, hired Lucas to perform preservation work on certain foreclosed properties in eastern Ohio. When Berghorst did not pay for the work, Lucas filed a suit in an Ohio state court against Altisource. Before the trial, Lucas e-mailed the terms of a settlement. The same day, Altisource e-mailed a response that did not challenge or contradict Lucas’s proposal and indicated agreement to it. Two days later, however, Altisource forwarded a settlement document that contained additional terms. Which proposal most likely satisfies the element of agreement to establish a contract? Explain.
Business
1 answer:
baherus [9]4 years ago
5 0

Answer:

Throughout the clarification segment elsewhere here, the definition including its issue is mentioned.

Explanation:

  • The very first e-mailed submission from Altisource that doesn't even dispute Lucas' suggestion would have been the proposal which most definitely meets the part of the arrangement to create a contract. It is when Altisource's e-mail was approved that they committed to it. Today, if a new arrangement with added provisions is presented two days after ratification, it can not be accepted as an aspect of the binding agreement.
  • If they could have some trouble with the arrangement, they could've just discussed the based distribution and therefore not approved the agreement. It would never be altered until they have approved it but the same could be known as either a contract arrangement.

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A car rental agency rents 180 cars per day at a rate of 30 dollars per day. For each 1 dollar increase in the daily rate, 5 fewe
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Answer:

Rate = $33

Maximum Income = $5445

Explanation:

Let x be the amount of increase in rental to achieve maximum profit.

So, Rate = (30+x)

When rate increase by x, the quantity decreases by (180 -5x).

Income = (30+x) * (180 - 5x)

Income = 5400 - 150x + 180x - 5x²

Income = -5x² + 30x + 5400

The income will be maximized when derivative of Income is zero.

Taking derivative,

  • dI/dx = 2 * -5x + 1 * 30x° + 0
  • -10x + 30 = 0
  • -10x = -30
  • x = -30 / -10
  • x = 3

The rate at which cars should be rented to earn maximum income is 30 + 3 = $33 per day per car.

Maximum Income will be,

Rate = 33

Quantity = 180 - 5(3) = 165 cars

Max Income = 33 * 165 = $5445

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3 years ago
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On January 1, Year 1, the Mahoney Company borrowed $164,000 cash from Sun Bank by issuing a five-year 8% term note. The principa
Georgia [21]

Answer:

Principal payment =  $27,505.00  

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.</em>

The principal repayment in year 1 = Annual payment - Interest payment in year 1

<em>Interest payment in year = Interest rate × Principal Amount</em>

                                          =8% × 164,000

                                         =  $13,120.00  

Principal payment = $40,635 - 13,120 =  $27,505.00  

Principal payment =  $27,505.00  

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Why is international trade important to most countries?
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3 years ago
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elected data of Islander Company follow: As of December 31, Balance Sheet Data 2017 2016 Accounts receivable $ 500,000 $ 470,000
Nataliya [291]

Answer:

(a) 5.41 times

(b) 3.48 times

Explanation:

(a) Accounts receivable turnover for 2017:

=\frac{Net\ Credit\ Sales}{Average\ Accounts\ Receivables}

=\frac{2,500,000}{462,500}

      = 5.41 times

Working:

Average\ Accounts\ Receivables=\frac{Sum\ of\ net\ accounts\ receivable\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{475,000+450,000}{2}

                                                             = 462,500

(b) Inventory turnover for 2017:

=\frac{cost\ of\ goods\ sold}{Average\ Inventory}

=\frac{2,000,000}{575,000}

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Working:

Average\ Inventory=\frac{Sum\ of\ inventories\ in\ 2017\ and\ 2016}{2}

Average\ Accounts\ Receivables=\frac{600,000+550,000}{2}

                                                             = 575,000

8 0
3 years ago
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