a. Mack does not have to accept the shipment
b. Olive Outlet has accepted and breached the contract
c. Olive Outlet's shipment is considered a counteroffer
d. Mack cannot revoke based on principles of promissory estoppel
Answer:
d. Mack cannot revoke based on principles of promissory estoppel
Explanation:
Promissory estoppel refers to the doctrine in contract law that allows a party's recovery for damages suffered based on the party's reliance on a promise even if there is no legal contract between the aggrieved party and the party that fails on the promise. From the above this stops mack's bar from going back on its promise to buy the goods of Olive outlet even there is no legal contract yet as olive outlet may have already suffered damages.
Answer:
<em>a. positive, and its saving is larger than its domestic investment.</em>
Explanation:
Whenever a country has positive net capital outflows,<em> then the net exports will be absolutely positive.</em> Because, if a country has positive net exports, then the country has less number of imports as compare to the exports.
As country has to export its goods to other countries and bring back less amount of imports, and<em> not have to invest its amount domestically inside its country because it already took goods from foreign.</em> So here, we can say that OPTION(a) is correct.
Answer:
Option C. A debit to Equipment for $620, a credit to Cash for $140, and a credit to Accounts Payable for $480.
Explanation:
The reason is that the equipment has been acquired by the business which is worth $620 and this means that the equipment which is asset in nature must be increased by it fair value which is $620. The purchase of equipment requires the payment of $140 at the spot which means that the cash asset will be reduced by $140 and the remainder $480 will be paid in future which means that the current liabilities will be increased by $480.
Increase in Equipment (fixed asset) is debited by $620.
Decrease in Cash (asset) is credited with $140.
Increase in current liability is always credited and in this case must be credited with $480.
Journal entry in nutshell is as under:
Dr Equipment $620
Cr Cash Account $140
Cr Accounts Payables $480
Answer: Promotion
Explanation:
The promotion is one of the important business strategy that helps in spread the awareness among the customers or users about the various types of brands and products by an organization.
The main objective of a promotion is to communication with the consumers so that they can aware about the various types of new brands and the product in the market as it helps in increase the probability of the business.
According to the given question, the communication helps in maintaining the relationship with the customers and the audience in an organization that helps in accept the products positively. Therefore, promotion is the correct answer.
