Answer:
According to the Uniform Commercial Code's rule, when forms are not exchanged, acceptance cannot materially vary from the offer
Explanation:
Then UCC code was established because it was becoming increasingly difficult for companies to transact business across state lines given the various state laws.
The Uniform Commercial Code (UCC) is important since it helps companies in different states to transact with each other by providing a standard legal and contractual framework.
According to the Uniform Commercial Code's rule,
- Firm offers (offers to buy or sell goods and promising to keep the offer open for a period of time) are valid without only when it is signed by the offeror.
- An offer to buy goods for shipment invites acceptance by either prompt shipment or a prompt promise to ship.
Therefore, when forms are not exchanged, acceptance cannot materially vary from the offer.
Answer: companies should try to support the economic, social, and environmental spheres of sustainability.
Explanation:
The triple bottom line is simply an accounting framework that consist of three parts which are the social, financial and the environment.
The triple bottom line philosophy says that organizations should not only focus on the financial aspect(profit) alone but should also focus on the environment and the social aspect of the society.
Therefore, the triple-bottom-line philosophy says that companies should try to support the economic, social, and environmental spheres of sustainability.
Answer:
It would be A) Raina is correct because the loan is a line of credit.
Explanation:
Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On June 12
Cash $300,000
To Paid-In Capital in Excess of Par- Common Stock $220,000
To Common Stock $80,000 (80,000 shares × $1)
(Being the issuance of the common stock is issued and the remaining balance is credited to the paid in capital)
On July 11
Cash $318,000 (3,000 shares × $106)
To Preferred Stock $300,000 (3,000 shares × $100)
To Paid-In Capital in Excess of Par - Preferred Stock $18,000
(Being the issuance of the preferred stock is issued and the remaining balance is credited to the paid in capital)
On Nov 28
Treasury Stock $9,000
To Cash $9,000
(Being the treasury stock is purchased)
Answer:
The correct word, that fills the gap is: New buy.
Explanation:
- Direct repurchase: it is a shopping situation in which the purchasing department repeats orders routinely. The buyer chooses among the suppliers that appear on an "approved list". "Excluded suppliers" will try to take advantage of inefficiencies or dissatisfactions with respect to Current suppliers.
- Modified repurchase: it is a situation in which the buyer wants to modify the product specifications, prices, delivery requirements or other conditions; In general, it involves additional participants in the decision by both parties. New task: it is a purchase situation in which a buyer acquires a product or service for the first time (building, security system).
New homework purchases have several stages: awareness, interest, evaluation, trial and adoption.
- The industrial buyer: It makes the least number of decisions in the situation of direct repurchase and the largest, in the situation of new task. This is the biggest opportunity and the biggest challenge for the marketing people, which tries to reach as many key influencers as possible and provide useful information and help. Due to the complexity of the sales work, many companies use a missionary sales force composed of their best sellers.
