Answer:
Rescission
Explanation:
Rescission is the voiding of a contract not recognized as legally binding. The courts can free non-liable parties from their agreed obligations and, when possible, will effectively seek to restore them to the position they were in before the contract was signed.
You can refer more about "rescission" in this link
https://en.wikipedia.org/wiki/Rescission_(contract_law)
The manufacturer is using PRICE PACKS. Price packs is a consumer promotion tool that provides consumers with reduced price for a particular product. The reduced price is often written on the pack of the product. This strategy is used to boost sales over a short period of time.
Answer:
24.9%
Explanation:
In this question, we are asked to calculate the annual that would have been earned if a comic book bought in 1963 is sold in 2021.
We proceed as follows:
Price of comic book in 1963 = $0.14 or 14 cents
Price of comic book in 2021 = $55,700
The investment period = 58 years
We represent the rate of interest earned by buying the book in 1963 and selling in 2021 as r.
The Total amount A = P(1+r)^n
55,700 = 0.14(1+r)^58
397,867 = (1+r)^58
By computation,
1+r = 1.249
r = 0.249
This means that the rate of interest earned is 24.9%
The term that is being referred here is the REPLACEMENT COST. What the market generally means when lower of cost or market rule is being applied to inventory valuation, this refers to replacement cost. This is the cost applied to an item when it is being replaced. The cost is being applied is the same as its pre-loss condition.
There is not enough information to determine the level of worry you should have. you need to do a profile check of this "pet hotel" and see reviews.