1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dlinn [17]
3 years ago
7

An ad on the newsnow web site asks viewers to "send us your story and we might share it with the world." ollie submits a manuscr

ipt, adding, "i accept your offer." between newsnow and ollie, there is
Business
2 answers:
Viktor [21]3 years ago
5 0

Answer:

No valid contract between Ollie and Newsnow.

Explanation:

Newsnow's ad states that if you send them a story they "might" publish it and share it with the world. This cannot be considered a valid offer because of the "might" word included in the sentence, so there is no nothing for Ollie to accept. Actually it is Ollie that is making the offer by sending the story. It depends on Newsnow whether they will accept Ollie's offer and publish the story.

Serggg [28]3 years ago
3 0

Answer:

There should be no contract formed between Newsnow and Ollie.

Explanation:

To form a contract, there should be 03 essential elements which are an offer; an acceptance and an consideration the offeror gives the offeree once the contract has been delivered.

For the purpose of this question, putting aside the examination of the 02 essential elements which are an offer and an acceptance, given there are lack of certain consideration in Newsnow advertisement, there are lack of one essential element for the contract to be formed. In other words, there are no "meetings of mind" in this scenario, thus it is quite certain there is no contract between Newsno and Ollie.

You might be interested in
Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c
Elenna [48]

Answer:

True.

Explanation:

Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.

Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.

4 0
3 years ago
Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
Tcecarenko [31]

Answer:

$695.24 per unit

Explanation:

Calculation to determine what The unit product cost of Product R3 under activity-based costing is closest to

First step is to Calculate Activity rates

Activity Cost Pool Activity driver Overhead Cost (A) Expected Activity (B) Activity rate (A/B)

Labor related Number of DLH $ 40,636÷13,000 = 3.13 Per DLH

Production orders Number of Order 65,880÷ 1,600= 41.18 Per Order

Order size Number of MH 433,075÷ 7,600 = 56.98 Per MH

Second step is to calculate the Cost assigned to Product R3

Cost assigned to Product R3

Activity name Activity Rates Activity ABC Cost

(A) (B) (A x B)

Labor related 3.13 * 11,000 =$34,430

Production orders 41.18* 1,200=$49,416

Order size 56.98*3,900= $222,222

Total Overheads assigned $306,068

($34,430+$49,416+$222,222)

Production 1,100

Overhead cost per unit $278.24

Product R3

Direct material $211

Direct labor (10x $20.60 per DLH) $206

Overheads $278.24

Total Cost per unit $695.24

($211+$206+$278.24)

Therefore The unit product cost of Product R3 under activity-based costing is closest to $695.24 per unit

3 0
2 years ago
The term product class refers to:________.
Aleks [24]

the industry a set of offerings belongs to.

3 0
3 years ago
A problem that the Fed faces when it attempts to control the money supply is that a. since the U.S. has a fractional-reserve ban
NeTakaya

Answer:

A) since the U.S. has a fractional-reserve banking system, the amount of money in the economy depends in part on the behavior of depositors and bankers.

Explanation:

Since US banks operate under a fractional reserve banking system, they have the capacity to create money through the money multiplier, e.g. you deposit $1,000 in bank A, then bank A borrows $850 to Steven and he purchases a new bike from Sarah. Then Sarah deposits the money in bank B, and bank B borrows $722 to George who buys a laptop from Henry. Henry then deposits the money in bank C, and bank C borrows $614 to Susan, and this goes on and on.

The problem that the Fed faces is that in order for the fractional reserve system to work, households must hold their money in banks. Ans that is something that the government cannot control, specially the amount or portion that is deposited. The other players are banks, that ideally should borrow all the money that they are allowed to.

5 0
3 years ago
What is another term for the buying and selling of stocks?
LuckyWell [14K]

Answer:

Trading

Explanation:

Buying and selling stocks is another term for trading because it is a system of "give and get"

3 0
3 years ago
Other questions:
  • Some of the money that people deposit into a bank eventually becomes an injection into the economy when the bank:
    11·2 answers
  • A 30-year U.S. Treasury bond has a 4.0 percent interest rate. In contrast, a 10-year Treasury note has an interest rate of 2.5 p
    6·1 answer
  • A firm knows that Mike’s income elasticity of demand for hair ties is 5 while for Sally it is 0.2. A firm can reason that a hair
    14·1 answer
  • The following transactions occurred last year at Dempsey Inc. Issuance of common stock $ 50,000 Dividends paid to common stockho
    7·1 answer
  • Nebulus Corporation owns 30% of the voting stock of Suite Company. It reports the 30% interest as an equity method investment, w
    14·1 answer
  • Items held for sale in the normal course of business are referred to as
    6·1 answer
  • Pharrell, Inc., has sales of $602,000, costs of $256,000, depreciation expense of $62,500, interest expense of $29,500, and a ta
    10·1 answer
  • Pharoah Company had the following two transactions related to its delivery truck. 1. Paid $280 for an oil change. 2. Paid $600 t
    7·1 answer
  • Tatham Corporation produces a single product. The standard costs for one unit of its Clan product are as​ follows:
    7·1 answer
  • You will be paying $10,300 a year in tuition expenses at the end of the next two years. Bonds currently yield 8%.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!