Strike, a clothing manufacturer from Minnesota, offered to sell Bailey, the owner of a clothing store in Colorado, one thousand shirts for a stated price to be paid on delivery of the shirts. The offer declared that shipment would be made by Dependable Truck Line to Bailey's store. Bailey replied, "I accept your offer for one thousand shirts at the price quoted. However, delivery is to be by Yellow Express Truck Line." Both Dependable Truck Line and Yellow Express Truck Line are well-known national companies. Three weeks later, Strike shipped the shirts by Dependable Truck Line, which was just a few dollars cheaper, and Bailey refused to accept delivery. Strike sued for breach of contract. Bailey claimed that there never was a contract because his reply, which included a modification of carriers, did not constitute an acceptance. Bailey further claimed that, even if there had been a contract, Strike would have been in breach because Strike shipped the shirts by Dependable, contrary to the contract terms.

Answers

Answer 1

Answer:

Answer:

There was no contract since there was no mutual agreement on the shipping company.

Explanation:

For a contract to be enforceable, it is necessary to have proper offer and acceptance by the two parties. In this case, Strike made an offer and Bailey accepted the stated price but added that the shipping has to be done by Yellow Express Truck Line and not Dependable Truck. Since there was no agreement reached on the shipping company by both the parties, the contract isn't enforceable.

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What is the source of information used to prepare the income statement?
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Indicate how each of the following developments would affect the supply of money, the demand for money, and the interest rate. development effect on... supply of money demand for money interest rate the fed’s bond traders buy bonds in open-market operations. an increase in credit-card availability reduces the cash people hold. the federal reserve reduces banks’ reserve requirements. households decide to hold more money to use for holiday shopping. a wave of optimism boosts business investment and expands aggregate demand.

Identify sources of information and advice about methods and services for managing personal finances

Answers

Retained earnings, equity, term loans, debt, letter of credit, debentures, euro issuance, working capital loans, venture investment, etc. are some of the sources of corporate financing.

What do you mean by Personal Finance?

Personal finance is an essential component of managing your current financial demands as well as future financial planning. Your long-term financial prospects for actions like investing or retirement planning will be greater the sooner you gain control over your personal finances.

A lot of information about a company's financial stability can be found in its financial statements. The Financial Statements of a company can be used to extract the majority of its information. Both its creditors and debtors can provide financial information.

Banking, professional guidance, Financial management, Investment funds, Insurance, Stock Exchange, Instruments of the Treasury or Debt Tax/Audit Consulting are personal finance services.

Therefore, Sources of information and advice about methods and services for managing personal finances are mentioned above.

Learn more about Finance, here;

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Budgeting is the key to manage personal finances. In order to realize budgeting one must be able to determine the importance of savings and manage expenses properly. Proper projection of expenses and savings should also been taken in order to maximize proper budget managing.

HELP! Im in Economics and im struggling !!

Answers

Sure, let's create a budget for living in Glynn County on a monthly income of $912 after taxes.

Housing: Look for a shared apartment or room for rent. You might find options around $400-$500 per month, including utilities.

Food: Plan your meals and shop wisely. Allocate around $200 for groceries and cooking at home. Consider using coupons and buying in bulk to save money.

Transportation: Since we're not considering a vehicle, let's allocate $50 for public transportation or rideshare services if needed.

Utilities: Set aside around $100 for electricity, water, and internet bills.

Healthcare: If you don't have insurance, look for low-cost clinics or healthcare options available in the county. Allocate around $50 for medical expenses.

Personal Care: Set aside $50 for personal care items such as toiletries and grooming.

Entertainment: Allocate around $50 for entertainment, such as streaming services or occasional outings.

Miscellaneous: Keep around $50 for unexpected expenses or small purchases.

By following this budget, you should be able to cover your basic needs and live within your means in Glynn County. Remember to adjust the budget based on your specific circumstances and priorities.

What are the twotypes of personal
financial statements
discussed in this
module? Describe the
benefits of creating
and using personal
financial statements
and, in your own
words, explain the
steps for creating
each type of personal
financial statement. A
benefit to making
personal financial
statements is

Answers

Answer:

The two main types are personal balance sheets and cash flow statements.

One, a personal balance sheet is an assessment of what you own and what you owe. It's important to know where you stand financially, and a personal balance sheet gives an individual a financial outlook. The steps include, listing your assets (valuable items and their values). Then, list any debt, liabilities, or any amounts of money you owe. Lastly, find your net worth by subtracting your liabilities from your assets.

Two, a cash flow statement is a record of income and expenditures during a given time period. It's important to know your cash flow to see if you have a surplus of cash that could possibly be invested. To create a cash flow statement, first record any income or money you receive. Next record any expenditures (spending). Lastly, subtract your expenditures from your income to find your cash flow for a specific time period.

Answer:

The two types of personal financial statements are the personal cash flow statement and the personal balance sheet. ... A personal balance sheet summarizes your assets and liabilities in order to calculate your net worth.

Explanation:

Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11, Pumpkin collected the cash from that customer. What is the impact on Pumpkin's accounting equation from the collection of cash?

Answers

Answer:

No Net Impact on Pumpkin's Accounting Equation from collection of cash.

Explanation:

Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:

Dr. Cash $500

Cr. Account receivable $500

Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.

Accounting Equation

Asset = Equity + Liability

Dr. Cash +500 0 0

Cr. Account Receivable -500 0 0

Total Impact 0 0 0

Replacing a good with a similar good because of a change in prices is an example of the .

Answers

Answer : substitution effect

In economics, substitution effect refers to the process of replacing a good with a similar good because of a change in the price. This is based on the assumption that as prices change or increase, consumers would decide to look for cheaper items or the low-cost alternatives thus resulting to the change of merchandise or the products. The substitution effect may give an advantage especially to retailers however, in the general picture it provides a disadvantage as it will limit the choices.

A registered representative would be permitted to make a telephone solicitation at 9:30 PM to an individual in the same time zone who: A). Has made an inquiry to the firm about available services in the last 18 months B). Currently has securities held in custody of the firm, but has not traded in the past 18 months C). Has effected trades with the firm 24 months ago, but has had no trading activity since D). Has chosen to opt out of the "Do Not Call" regulations

Answers

Answer:

A registered representative would be permitted to make a telephone solicitation at 9:30 PM to an individual in the same time zone who has chosen to opt out of the "Do Not Call" regulations.

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During interviews for a sales position at Lock-Spark Inc., the interviewer asks each candidate to imagine a situation where a customer emails to report that products were damaged during delivery from Lock-Spark. The interviewer then asks each candidate what he or she would do to handle this situation. This is an example of a(n) _____ interview.

What is the main motive behind dealer incentives?