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.
Answer:
The needed cycle time must be 1.4 min
Explanation:
Given:
Production time per day
min
Desired unit of output per day ![X = 300](https://tex.z-dn.net/?f=X%20%3D%20300)
Total activity ![= 30](https://tex.z-dn.net/?f=%3D%2030)
For finding cycle time,
From the formula of cycle time,
![t' = \frac{t}{X}](https://tex.z-dn.net/?f=t%27%20%3D%20%5Cfrac%7Bt%7D%7BX%7D)
![t' = \frac{420}{300}](https://tex.z-dn.net/?f=t%27%20%20%3D%20%5Cfrac%7B420%7D%7B300%7D)
min
Therefore, the needed cycle time must be 1.4 min
An increase in the price of a product will reduce the quantity demanded for that product because quantity demanded to increase. The process of figuring out a product's quantitative value based on both internal and external elements is called product pricing. Product pricing directly affects your company's entire success, including cash flow, profit margins, and client demand.
Follow these three procedures to get the selling price per unit for your product: Determine the total cost of all the items you bought. The cost price is obtained by dividing the entire cost by the total number of units purchased. To determine the final selling price, use the selling price formula.
To learn more product, click here.
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<h2>e-commerce network is used to store customer satisfaction data.</h2>
Explanation:
E-commerce front-end technology:
Front-end technology is the interface where the user interacts. The customer is not aware of where the data is stored and what is the logic behind. Front-end cannot store anything.
e-commerce back-end technology:
Back-end technology can store the data. Normally it would be the database which stores all the inputs provided from the front end.
e-commerce networks:
This is the website which connects both front-end and back-end. This refers to the internet world. The business people can collect data from anywhere and store it in the database and view it.
e-commerce links:
e-commerce links is nothing but either it is adding its (website) own internal links or connecting the external website through the current web page.
Answer:
b. deposits in transit
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smooth manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The adjusting entry of interest earned is
Cash A/c Dr
To Interest income A/c
(Being interest is earned)
Likewise, for The fee for collection
Bank charges A/c
To Cash A/c
(Being fees is charged)
And for NSF check of customer, it would be
Account receivable A/c Dr
To Cash A/c
(Being the adjusting entry is made)
So, for this the adjusting entry is made but for Deposit in transit , no adjusting entry would be made.