Answer:
Yes
Explanation:
Based on the information provided within the question we can say that Yes, the dealership is contractually bound to sell Mike the car at that price. This is assuming that the ad handed to the dealership by Mike is an actual ad that was designed and published by the dealership. If this is the case the dealership must uphold their price or it will be considered false advertisement and Mike would have a basis on which to sue the business.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
$45,990
Explanation:
The Weighted Average Cost Method, calculates a new Unit Cost with every purchase that is made. This is applicable to perpetual Inventory method. In this case we are required to use the <u>periodic Inventory method</u> (<em>Sheffield does not maintain perpetual inventory records</em>). Thus our Unit Cost is calculated from Inventory available for Sale.
Step 1
<u>Units Available For Sales Calculation :</u>
Opening Balance 9,200
Add Purchases (6,400 + 7,900) 14,300
Units Available for Sale 23,500
Less Units Sold (7700 + 11300) (19,000)
Ending Inventory Units 4,500
Step 2
<em>Unit Cost = Total Cost ÷ Units Available for Sale</em>
= ($89,516 + $65,984 + $84,609) ÷ 23,500
= $10.22
Step 3
<em>Ending Inventory = Units in Stock × Unit Cost</em>
= 4,500 × $10.22
= $45,990
Get all the facts and keep a written record with dates and times
Answer:
$460,000
Explanation:
Data provided in the question
Number of shares sold = 100,000 shares
Explicit fees = $60,000
Offering price = $40
And, the increased share price = $44
Now the total cost of the equity issue is
= Number of shares sold × offering price per share + underwriter explicit fees
= 100,000 shares × $40 + $60,000
= $400,000 + $60,000
= $460,000
Answer: Yes it does.
Explanation:
The Statute of Frauds holds that there are some contracts including real estate contracts that need to be in written form and then signed to be binding. Some of those contracts include, contracts of sale of goods worth more than $500 as well as contracts that cannot be completed within a year.
We can agree that the trees and top soil are definitely over $500 in value and so this falls under the Statute.
The main bone of contention here however, is probably if the Electronic signature that Hardell used to signed the memorandum entitles the aggrement to legal protection under the Statue of Frauds which requires a signature.
The answer is yes.
The United States Electronic Signatures in Global and National Commerce Act is a federal law. A main provision of this Act is to give electronic signatures the same significance as handwritten signatures. This law is meant to apply to wherever US Federal law applies including states, and US territories. States generally have the right to either accept this law or follow a similar one called the Uniform Electronic Transactions Act (‘UETA’) which was passed in 1999 and bestows upon Electronic contracts, similar status as paper contracts.
The Electronic signature used by Hardell therefore falls under the Statute of Frauds.
