Answer:
No contract between the two parties.
Explanation:
There is no contract in the case of Marcus and Ty.
A firm’s offer is binding during a specified time period unless validly revoked by the offeror. The offeror, Ty, has the power to withdraw the offer before the offeree, Marcus, accepts the offer because it is a promise made without any consideration. In the case of Marcus and Ty, the date of receipt of revocation letter by Marcus is before the time that he dispatched his acceptance. Therefore, the offer was validly revoked by Ty, and there is no binding contract between the two.
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Answer:
0.50
Explanation:
Calculation for What is the asset turnover ratio
Using this formula
Asset turnover ratio=Net sales /Average total assets
Let plug in the formula
Asset turnover ratio=$15,000 / (($25,000 + $35,000)/2)
Asset turnover ratio=$15,000/($60,000/2)
Asset turnover ratio=$15,000/$30,000
Asset turnover ratio= 0.50
Therefore the asset turnover ratio will be 0.50
<span>worker
The </span>economic player that is most closely associated with the dual role of consumer and producer is the worker because he produces goods with his work, and so a worker is a producer, but he also consumes other goods, so the worker is also a consumer.