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Lorico [155]
2 years ago
9

On April 1, Gina mailed Oscar an offer to buy his home. Oscar received the offer on April 5. On April 6, Oscar deposited a prope

rly addressed, stamped acceptance in the mail. Gina received the acceptance on April 10. On April 8, Gina changed her mind, and she personally delivered a written revocation of the offer to Oscar. In most states: (A) A contract was formed on April 5. (B) A contract was formed on April 6. (C) A contract was formed on April 10. (D) A contract was not formed.
Business
1 answer:
AnnyKZ [126]2 years ago
8 0

Answer:

(B) A contract was formed on April 6.

Explanation:

Since in the question it is mentioned that On april 1 gina inform oscar via mail that he is offering to purchase his home. Oscar received the offer as on April 5

And on April 6 oscar give the acceptance over the mail

So in the most states, the option b should be selected as on this date both parties to the contract are agreen upon

Therefore the option b is correct

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in order to compare the price of gasoline in the 1970s with the price in any other year, you have to adjust for
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Overall Inflation

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Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
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Answer:

Explanation:

1. The computation of the balance in retained earnings is shown below:

= Beginning retained earning balance + adjusted net income

where,

Beginning retained earning balance is $780,000

And, the adjusted net income is = Inventory × ( 1 - tax rate)

= $60,000 × (1 - 40%)

= $36,000

Now put these values to the above formula  

So, the value would equal to

= $780,000 + $36,000

= $816,000

2. The journal entry is shown below:

Inventory A/c Dr $60,000

   To Retained earning A/c $36,000

   To Tax payable A/c          $24,000

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What is price discrimination and how do movie theaters and restaurants practice price discrimination?​
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7 0
3 years ago
A landscaping company accepts MasterCard as payment for $1,000 worth of services. MasterCard charges a service fee of 2 percent.
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Answer:

Dr   Cash     1020

               Cr         Service revenue   1000

               Cr          Service fee           20

Explanation:

 Service fee is expense of individual who is purchasing not store's expense.

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The only revenue of store is $1000.

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