Answer: Increase in demand
Explanation: Change in demand occurs when factors affecting demand other the its price changes. While, a change in quantity demanded occurs when the price of the good changes other things constant. Since, jones cola and tucker cola are substitutes to each other. A rise in the price of jones cola will shift demand towards tucker cola. This, will lead to a rightward shift in the demand curve for tucker cola and an increase in demand for tucker cola.
Complete Question:
Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which element of traditional contract law formation was modified or relaxed by the UCC?
a. Requirement of consideration for contract modifications.
b. Offers must have reasonably certain and definite terms to be valid.
c. The terms of the acceptance must exactly match those of the offer (“mirror image rule”).
d. All of the above.
Answer:
The element of traditional contract law formation that was modified or relaxed by the Uniform Commercial Code (UCC) is:
c. The terms of the acceptance must exactly match those of the offer (“mirror image rule”).
Explanation:
The "mirror image rule" specifies that when a contract offer is accepted, the terms must be the same as those in the initial offer. However, Article 2 of the UCC modified this "mirror image rule" by specifying that the offeree's acceptance is based on the offeror's terms unless otherwise specified by the offeree. Any additional terms are regarded as some proposed additions and do not become part of the contract unless both parties are merchants.
Answer: Domestic stage
Explanation:
In the domestic stage of production, the entity is only involved in the domestic arena. The production facilities they have are limited to the country they are in and they only operate in the domestic market and at this point, the company is not trying to get into foreign markets.
The grocery store above uses only local distributors which means that they are only servicing the local market which therefore puts them at the domestic stage of globalization.
If you have a large amount of money to save at one time, a
savings bond would be the best investment to earn interest. If you do not need the money right away, a
savings bond will allow you to earn interest at a faster rate. Since savings
bonds are longer-term investments, the other options would not fit the purpose
as much due to needing the funds at a quicker rate. If you were to put the
money directly into a savings account over a bond, you have easier access to
the funds; however, the interest is very small in comparison.
Answer:
Amount of Cash paid is $2,415.3
Explanation:
Credit terms of 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after purchase with net credit period of 30 days.
Purchase = $2,800
Amount Due = $2,800 - $310 = $2,490
As payment is made within discount period, so the discount will be availed.
Discount = $2,490 x 3% = $74.7
Payment = $2,490 - $74.7 = $2,415.3
Payment = $7,500 - $150 = $7,350
