The manufacturing cost of Bramble Corps will be equal to $20,50,000, considering all other factors.
Given information:
Opening raw materials = $2,50,000
Purchase of raw materials during the year = $7,90,000
Closing inventory of raw materials = $300,000
Raw material = $2,50,000+ $7,90,000-$3,00,000 = $740,000
Direct labor = $6,70,000
Manufacturing overhead = $640,000
Manufacturing cost = raw materials direct labor +manufacturing overhead
Manufacturing cost = $740000 + $670000 + $640000 = $2050000
The expenses incurred during the creation of a product are known as manufacturing costs. Direct material, direct costs, and factory overhead expenditures were included in these expenses. Usually, the costs are shown as different line items in the revenue statement.
A manufacturing cost includes all expenses incurred during the creation of a good or service, including the resources purchased. Costs associated with the manufacture include labor, and overhead.
The complete question is here:
Bramble Corp.'s accounting records reflect the following inventories:
Dec. 31, 2021 Dec. 31, 2022
Raw materials inventory $300000 $250000
Work in process inventory 300000 160000
Finished goods inventory 190000 150000
During 2022, $790000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000.
Bramble Corp.'s total manufacturing costs incurred in 2022 amounted to.
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what should you do if you have told a professional contact that you are seeking employment, but the person does not respond with a known job opportunity?
With a phrase like "If you hear of anything, please let me know," you wrap up the subject and switch the subject of the conversation.
Career research is what?
Students have the chance to identify their career interests and investigate possibilities for employment or further education through career research and development (CRD). Students study and practice practical skills while identifying their career interests and aptitudes in the classroom.
How do approach in job application?
Request for Manager: Introduce yourself to build a personal connection right immediately. It's crucial to convey confidence and build rapport right away because the boss may be the first person you meet.Identify Yourself: Introduce yourself to build a personal connection right immediately. It's crucial to convey confidence and build a connection right away because the boss may be the first person you meet.Inquire about Applications: If you are aware that the organization is hiring or accepting applicants on a continuing basis, get right to the point. It's critical to take the initiative.Describe Your Background: In case you get a chance to speak with the manager in person, have a brief elevator presentation ready that highlights your credentials and why you want to work at the organization.Read more about Career research
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An arrangement whereby the firm owns, or seeks to own, multiple stages of a value chain for producing, selling, and delivering a product or service is termed as ________.
Vertical integration is a situation in which a company owns, or aspires to own, several stages of a value chain for creating, selling, and delivering a good or service.
How is vertical integration defined?Vertical integration is a type of business structure in which a single corporation controls every step of a product's production, from the purchase of raw materials through the retailing of the finished result.
An structure in which a corporation's supply chain is integrated and owned by that company is referred to as vertical integration in the fields of microeconomics, management, and international political economy.
What does vertical integration intend to accomplish?Greater manufacturing process control can be obtained through vertical integration by allowing information to flow more freely between the various supply chain participants. This enhances supply elasticity because it gives businesses more leeway to respond to shifting consumer demand.
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If you sell stock in your company for $100,000 and the valuation of your company is $625,000, what percentage of the company will you own after the stock sale?.
You will own 84% of the company after the stock sale.
What is a stock?Stock is the term used in finance to refer to all of the shares that comprise a corporation's or company's ownership. A fractional ownership interest in the company is represented by one share of stock, depending on the total number of shares. Typically, this allows the shareholder (stockholder) to that percentage of the company's profits, proceeds from the sale of company assets, or voting rights, assigning these frequently in proportion to the amount that each stockholder has invested. Stock can be bought and sold both privately and on stock exchanges. Governments frequently place stringent controls on these transactions in an effort to prevent fraud, protect investors, and enhance the welfare of the economy as a whole.
Expressed as percentage = 525,000/625,000 x 100
=0.84 x 100
=84 %
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true or false: organizations need to ensure that their training programs make employees aware of title vii of the civil rights act.
Organizations need to ensure that their training programs make employees aware of title vii of the civil rights act is a True statement.
The Civil Rights Act's Title VII protects you in what ways?
Section 7 of the Civil Rights Legislation of 1964 Employers and job candidates are protected against employment race discrimination, color, religion, sex, and national origin under Title Vii Rights Act, as modified.
Through training and development, businesses can attract and keep top people, boost morale and job satisfaction, boost productivity, and increase profits. Additionally, organizations with engaged staff see 17 percent higher production and a 41 percent decline in absenteeism.
Therefore, organizations need to ensure that their training programs make employees aware of title vii of the civil rights act.
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One of the employees of Davenport Corporation recently was involved in an accident with one of the corporation's delivery vans. The corporation is either going to repair the damaged van or sell it as is and buy a comparable used van Information related to this decision is provided below Initial cost of the damaged van Accumulated depreciation to date on van Salvage value of van immediately before crash Salvage value of van immediately after crash Cost to repair damaged van Cost of a comparable used van $30,000 $18,000 $ 9,000 $ 1,000 $ 5,000 $10,000 Based on the information above. Davenport would be financially better off: Multiple Choice $1,000 by buying the comparable van. O $2,000 by buying the comparable van O $2.000 by repairing the damaged van. O () $4.000 by repairing the damaged van.
Davenport would be financially better off $4.000 by repairing the damaged van.
Budget management means make the planning how much the cost that you will spend before making decision it can help you to save your money. Based on the scenario, to know the advantage from repairing damaged van we can calculate by minus the Cost of comparable used Van with salvage value before repair after a crash.
The advantage from repairing damaged van can be calculated by this formula:
The advantage from repairing damaged van = Cost of comparable used Van- Repair cost-salvage value before repair after a crash
The advantage from repairing damaged van = $10,000 -$5,000 -$1,000
The advantage from repairing damaged van = $ 4,000
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Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.
What amount will the insurance company pay for the damages?
What amount will your friend have to pay?
a) The insurance company pay for the damages is $15,000
b) The amount will your friend have to pay $5,000
Insurance:
Insurance is the amount that a company pays to get an insurance contract and any additional premium payments.
Given,
Your friend has 50/100/15 automobile insurance coverage. One night they lose control of their vehicle, hit a parked car and damage a storefront along the street. Damage to the parked car was $4,500 and damage to the store was $15,500.
Here we need to find the following:
a) The insurance company pay for the damages
b) The amount will your friend have to pay
While we looking into the given question,
We have identified that the total claim for property damage is calculated as,
=> $4,500 + 15500 =$20,000
(a) We know that the insurance company will pay the greater of the claim amount or the policy limit.
So, the property damage liability coverage is less than the claim amount, the insurance company will pay the policy limit of $15,000.
(b)Now, will be personally liable for any unpaid claim amount.
=> Remaining liability = Claim amount - Insurance payment
=> $20,000 − $15,000
=> $ 5,000
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At July 31, Pharoah Company has this bank information: cash balance per bank $8,845, outstanding checks $815, deposits in transit $1,400 and a bank service charge $20. Determine the adjusted cash balance per bank at July 31. The adjusted cash balance per bank at July 31 $ ___
Each bank has an adjusted cash balance of $6610 as of July 31.The term "adjusted bank balance" refers to a company's bank balance following adjustments for deposits that were lost in the mail, checks that were not cleared, and bank mistakes.
How do you determine the updated bank balance?The amount entered in the Statement Ending Balance field in Reconcile Bank is used to compute the adjusted bank balance amount. All pending deposits are added, adjustments are subtracted or added, and unpaid checks are then subtracted from the total.The term "adjusted bank balance" refers to a company's bank balance following adjustments for deposits that were lost in the mail, checks that were not cleared, and bank mistakes. The amount that needs to be adjusted in the books for the reconciling items is the difference between the adjusted bank balance and the cash balance as reported in the books.Explanation:
$8,845 - ($815 + $1400 + $20).
$8,845 - $2,235.
= $6610.
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the probability of an event that is affected by two or more different events is called a a. conditional probability. b. empirical probability. c. joint probability. d. tree diagram.
Joint probability refers to the likelihood that an occurrence will be impacted through two or more distinct events.
Simple probability: What is it?Simple probability is the method of estimating a conclusion or the possibility that an event can ever occur. Insurance companies utilize probability statistics to determine the likelihood of having to pay out a claim. A simple probability can be calculated by dividing one eventual scenario by all other potential outcomes.
What significance does probability have?Information about the possibility that someone will happen is provided by probability. For instance, meteorologists use climate patterns to forecast the likelihood of rain. Probability theory is utilized in epidemiology to comprehend the connection amongst doses and the chance of health outcomes.
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What is the primary purpose of a bank reconciliation?.
Bank reconciliations is important internal control tool for preventing and detecting fraud.
What is bank reconciliation?Bank reconciliation seems to be a process that explains why there are differences between a company's bank statement and its Cash Book. The process is used not only to identify differences, but also to make changes to relevant accounting records in order to keep the records up to date.The three methods of a bank reconciliation are as follows: Statement comparison. Balancing the books. The reconciliation is being recorded.Account Reconciliation Types Account reconciliations come in a variety of forms and can be used for either personal or professional purposes. Account reconciliation is classified into five types: bank reconciliation, vendor reconciliation, business-specific reconciliation, intercompany reconciliation, and customer reconciliation.To learn more about bank reconciliation refer to:
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TRUE/FALSE. it is important to assess trainees' level of cognitive ability during the needs assessment process because cognitive ability is the person characteristic that most strongly impacts trainees' confidence to learn.
The primary role of upper-level managers in the needs assessment process is to ensure that learning efforts are integrated with business strategy.
One significant advantage of conducting a training needs analysis is that it may assist you and the employee in identifying any knowledge and skill gaps before they become a problem and negatively affect the business or the individual.
Upper-level managers' main responsibility throughout the requirements assessment process is to make sure that learning initiatives are included into business strategy.
Giving employees a choice in the training programmes they attend will encourage them to study in those programmes.
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Which is the Fed most likely to do in the event of a recession?.
The sole function of the Fed during the
Great recession in the economy is to
establish rules governing financial activities.
The winner of the competition and the one who makes the most money will then be decided by the free market. The Fed's move to increase interest rates in 1928 and 1929 is an illustration of the former. The Fed took this action in an effort to control market speculation. The United States' economy was affected by this action.
From 5.25 percent in September 2007 to a range of 0-0.25 percent in December 2008, the federal funds rate was initially lowered by the Fed through "conventional" policy operations, with the majority of the decline occurring in January to March 2008 and in September to December 2008.
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can you name a fashion brand that you have recently purchased because it had a positive brand image? how does that compare with a fashion brand that you have purposely not purchased because of the image of the company?
NIKE was the most recent brand I bought.
Consumers' mental and objective reactions to a brand when they buy a product are known as brand image. surpassing the expectations of the consumer is a positive brand image. A strong brand image improves an organization's reputation and brand value.
What does a strong brand identity entail?
A product can differentiate itself from almost identical rivals in the same market niche thanks to a strong brand image. For instance, even when there is little product differentiation, consumers still believe that name-brand products are of greater quality than store-brand products. Coca-Cola is a well-known brand for a beverage that is best enjoyed during times of joy, happiness, and positive experiences. It has a "unique taste" and is the "original cola."
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placing a notch on a ram module contact surface allows the module to be properly aligned with a memory bank on the motherboard and prevents the installation of incompatible memory types.
True. Placing a notch on a RAM module contact surface allows the module to be properly aligned with a memory bank on the motherboard and prevents the installation of incompatible memory types.
Alternatively referred to as main memory, primary memory, or system memory,Random Access Memory (RAM) is a hardware device that allows information to be stored and retrieved on a computer. RAM is usually associated with DRAM, which is a type of memory module. Because information is accessed randomly instead of sequentially like it is on a CD or hard drive, the computer can access the data much faster. However, unlike ROM or the hard drive, RAM is a volatile memory and requires power to keep the data accessible. If the computer is turned off, all data contained in RAM is lost.
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TRUE/FALSE. cidr allows the allocation of multiple blocks of class c, or fragments of a class a, to a single customer, so as to require only a single forwarding-table entry for that customer.
The given statement is True. CIDR allows the allocation of multiple blocks from class C or fragments of class A to a single customer, so it requires only a single forwarding-table entry for that customer.
CIDR works in such a way that it allocates multiple blocks of class C, or a few fragments of class A such that it gets allocates to a single customer. This is done in order to reduce the load as only a single forwarding-table entry will be needed for a costumer.
CIDR is Classless Inter-Domain Routing. It is a method used for allocating multiple IP addresses and for IP Routing.
Hence, the statement is True.
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why might some people still prefer manually saving their mom example: manually transfer/deposit money into a savings account
People enjoy having their wishes fulfilled. Due to they many still prefer manually saving their money.
1.They know little about banking or the advantages of keeping a savings account.
2.They need emergency cash in order to keep track of their spending.
3.Credit card payments should be avoided.
Why is saving money so difficult for people?When it comes to saving, many people are unwilling to keep track of their expenses, thus they object when urged to do so.
Because they do not want to pay the bank fees, many people do not want to open an account.
Therefore, educating the public will help solve the manual saves problem.
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when people are standing in line for jobs and there are more applicants than jobs, the job market is characterized by a
The job market in this case is characterized by Surplus of Labor.
What is the Surplus of Labor?
When there are more qualified applicants than there are open positions at a company or companies, there is an economic phenomenon known as the surplus of labor.
For instance, there is a labor excess in the mining, construction, and transportation sectors. There are more experienced professionals looking for work than there are open positions in their respective industries.
The labor market is distinguished by consistency, a lack of flexibility, and a range of pay for comparable employment.
What are the types of Job Markets?
- Perfect Market: The market is regulated and there is only one price in effect.
- Neoclassical Market: wages for workers in a particular skill classification tend to be equal.
- Natural Market: The benefits of the occupations they hold are not frequently compared to alternatives by employees.
- Institutional Market: Wage movements are influenced by union, employer, and governmental policies.
- Management Market: Implementation of state controls over labor allocation and wage setting
The job market in this case is characterized by Surplus of Labor.
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FILL IN THE BLANK. research indicates that hindrance-related stress is ___related to job satisfaction, and challenge-related stress is ___ related to job satisfaction.
According to research, stress related to challenges is "positively" associated with job while stress related to obstacles is "negatively" related.
What is stress?
Any kind of change that puts physical, emotional, or psychological strain on a person is considered to be stressful. Your body's reaction to anything that demands focus or action is stress. Everyone goes through periods of stress. However, how you handle stress has a significant impact on your general wellbeing. The brain as well as body are both impacted by stress. People need a little bit of stress to function and defend themselves, but too much stress could indeed overwhelm them and cause the fight, flight, or freeze response. Therefore, developing coping mechanisms for stress is crucial for both our personal health.
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a person who got married, had a baby, and began a new job all within 18 months may have (fill in the blank) score on a stress scale than someone whose mother had a serious illness in the past year.
A person who got married, had a baby, and began a new job all within 18 months may have higher score on a stress scale than someone whose mother had a serious illness in the past year.
Moving, divorce, a painful break-up, the demise of a person close, tough emotions, own circle of relatives conflict — these items can create strain that takes extra time to resolve. It may look like the emotions that include those demanding conditions will in no way pass away.
A stunning 91% of the respondents of our survey had been pressured at one factor or the opposite of their life. Out of which, we determined that the maximum pressured had been the respondents of their past due twenties and thirties. There changed into an boom withinside the strain degrees till the age of 40, and then it begins offevolved reducing.
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FILL IN THE BLANK. ___ refers to online presentations that include a variety of purposes from conducting job training for employees to making presentations and providing in-depth product information to existing and potential customers.
Web conference refers to online presentations that include a variety of purposes from conducting job training for employees to making presentations and providing in-depth product information to existing and potential customers.
Web conferencing, as explained above, is any form of online meeting that involved at least two participants in different places. It's done by using web conference programs that allow the users to share various web-based content, such as text, images, videos, and even screen-share. Using these programs, people can do online presentation for a lot of purposes, such as conducting job training to providing information to customer, without needing to meet in real life with the other participant(s).
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which of the following are factors that a financial planner should monitor for every client? i. changes in the client's objectives ii. changes in the client's marital status iii. changes in property laws iv. changes in the amount of lifetime gifts made by the client which of the following are factors that a financial planner should monitor for every client? i. changes in the client's objectives ii. changes in the client's marital status iii. changes in property laws iv. changes in the amount of lifetime gifts made by the client i, iii, and iv i, ii, iii, and iv ii, iii, and iv i and ii
Factors that a financial planner should monitor for every client are changes in the client's objectives.
Financial planner assists clients in managing their money and achieving their long-term financial objectives.A solid understanding of personal money, taxes, budgeting, and investing is necessary for a financial planner. They could be experts in estate planning, risk management, retirement planning, tax planning, or asset allocation. Many clientele comes from a specific demographic, such young professionals or retirees. Financial planners offer clients advice and support on a range of topics, including investing, retirement planning, paying for college or starting a new business while preserving money.
Many financial planners offer a holistic approach that takes the client's total well-being into account, while some focus on a single area, such as retirement funds. They might discuss the costs associated with family, employment, education, and physical health.
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is a strategy that focuses on forging long-term partnerships with customers. group of answer choices transactional marketing relationship marketing niche marketing mass customization exchange targeting
An approach called "relationship marketing" aims to establish enduring relationships with customers.
Define the term relationship marketing?Relationship marketing is a Client Relationship Management (CRM) strategy that places an emphasis on customer pleasure, retention, and lifetime value.
Its goal is to advertise to current consumers rather than acquiring new ones through advertising and sales.Retaining customers and enduring, long-term interaction with your customer base are the foundation of a successful relationship marketing approach. Increased positive expression, repeat business, and consumer readiness to offer insightful feedback to the business and their peers are all advantages.In order to assure long-term happiness and brand loyalty, relationship marketing focuses on marketing approach of fostering more meaningful ties with customers.Thus, a marketing strategy called "relationship marketing" is centered on creating enduring relationships with customers.
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g by joining the north american free trade agreement, the united states found its welfare increasing because of the group of answer choices business investment effect. economies of scale effect. trade creation effect. trade diversion effect.
By joining the north American free trade agreement, the united states found its welfare increasing because of the group trade diversion effect.
According to international law, a free-trade agreement (FTA) or treaty is an agreement to create a free-trade zone between the collaborating governments. Bilateral and multilateral trade agreements are the two different sorts. When two nations decide to relax their trade barriers with one another, usually to increase commercial prospects, a bilateral trade agreement is created.
The most challenging to negotiate and agree upon are multilateral trade agreements, which are agreements between three or more nations. There are significant differences between free-trade zones and customs unions. Internal agreements are reached by partners in both sorts of trading blocs in order to liberalise and ease trade among themselves.
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Charlie’s company makes custom-designed furniture. He purchases hardware for the furniture in bulk from a distributor in a nearby state. What kind of e-commerce platform does charlie most likely use to order the hardware?.
Online storefront is a kind of e-commerce platform does charlie most likely use to order the hardware based on the illustration above.
Understanding Online StorefrontOnline storefronts are a fun way to sell goods and services. But even then delivery is key. Too many businesses fail to market their online storefront.
Online storefronts have proven to be an effective way of generating lots of phone calls because they provide customers with self-service and self-ordering capabilities that save money and, of course, labor.
To get an idea of the latest successful tactics in e-commerce marketing, here are some tips on how they are maximizing online storefront marketing:
Answer common customer questionsIf you are an old player in the business, you probably already know what most buyers want to know. Save time and email them by using your online store's homepage as the FAQ engine.
Be TransparentSome suppliers are reluctant to clearly disclose company information in their online stores. whereas, in conducting a product search, your potential customers have to sift through information from many companies. The more information you can get about your company up front, the better your chances of surviving the selection process.
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average fixed cost is $2 and average total cost is $6 when mary produces three units. at three units, mary's variable cost is $ . please type the correct answer in the following input field, and then select the submit answer button or press the enter key when finished.
When Mary produces three products, the average fixed cost is $2 and the average total cost is $6. Mary's variable cost is 24$ at three units.
Explain about the variable cost?Costs that vary according on the volume are known as variable costs. The following are a few examples of variable expenses: raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees. The "Cost of Goods Sold" is the term used in various accounting statements to refer to the variable costs of production.
Depending on how much is produced, variable costs change. Regardless of production output, fixed costs stay the same. Payments for insurance, rent or lease, and interest are examples of fixed costs.
Due to their fluctuation with the quantity produced, variable costs are also known as unit-level expenses. Overhead and direct labor are frequently referred to as conversion costs, but prime costs are frequently used to describe direct material and direct labor.
=2 +6 = 8
= 8 * 3 = 24
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using an excel spreadsheet, calculate the bottom line improvement using the base line below under these scenarios: increase sales by 50% reduce finance costs by 50%, keeping sales at $100,000 reduce production costs by 20% (cost of goods sold), keeping sales and finance costs at the initial levels what option offers the best overall result? upload the excel file with your calculations and a separate statement of conclusions stating the option that offers the best overall result. communicate with your instructor if you have difficulties. base line financials item base line sales $100,000 cost of goods sold $80,000 gross margin $20,000 finance costs $6,000 subtotal $14,000 taxes at 25% $3,500 contribution $ 10,500
the answer of the given question is the first scenario—in which we boost sales by 50%—gets us the maximum profit/contribution.
Item Base line First scenario Second Scenario Third Scenario
Sales 100000 150000 100000 100000
COGS 80000 80000 80000 64000
GM 20000 70000 20000 36000
Finance Costs 6000 6000 3000 6000
Subtotal 14000 64000 17000 30000
Taxes at 25% 3500 16000 4250 7500
Contribution 10500 48000 12750 22500
We can see that the scenario where we raise sales by 50% results in the most profit or contribution.
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A marathon run raised £235,748 for a charity in 2016 in 2017 the run raised £79,200 more than in 2016 what is the total amount of money raised so far
If a marathon raises monies as $235,748 for the year 2016, and $79,200 more than 2016 for the year 2017, the total amount raised by the marathon run so far is approximately $550,696.
Money raising can be referred to or considered as an activity, which is done with a specific financial or organizational purpose. For the condition given above, the monies raised will be,
Monies Raised = Year 2016 + (Year 2016 + 79,200)
Monies Raised = 235748 + (235748 + 79,200)
Monies Raised = $550,696
Therefore, a total of $550,696 is the money that has been raised by the marathon run.
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malcolm movers charges a base rate of $200 per move plus $150 per hour and $2 per mile. write a program named moveestimator that prompts a user for and accepts estimates for the number of hours for a job and the number of miles involved in the move and displays the total moving fee.
Here's a program called MoveEstimator that prompts the user to accept an estimate of the number of hours of work and miles the move will take and displays the total cost of the move:
x = int(input("number of hours for the job "))y = int(input("number of miles involved "))def MoveEstimator(x, y):return 200 + 150*x + 2*yprint(MoveEstimator(x, y))Computer programs are written by programmers. Writing the 1s and 0s in machine-readable machine language is very difficult, so computer programmers write them in programming languages. The format of the program determines the structure of the course. At AIR, the program format is specific to an academic component with some kind of program of study.
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information about credit quality, amortization cost by credit quality indicator for the prior five years and in the aggregate, and the methodology for estimating credit losses must be disclosed for Multiple Choice all receivables reported at amortized cost
only receivables expected to be collected within one year
only receivables expected to be collected over a period exceeding one year
only interest-bearing notes
Information about credit quality, amortization cost by credit quality indicator for the prior five years and in the aggregate, and the methodology for estimating credit losses must be disclosed for all receivables reported at amortized cost.
According to the accounting principle of amortized cost, all financial assets must be recorded at their amortized value on a balance sheet, which is equal to the acquisition cost less any principal repayments, discounts, or premiums, less any impairment losses, and any exchange rate variations.
Credit quality is a metric used to assess a person's or business's creditworthiness, or capacity to pay back its loan. Credit risk may be determined by credit quality. One of the main factors used to assess the investment quality of a bond or a bond mutual fund is credit quality. Bond ratings are used to evaluate a company's credit worthiness before it issues bonds. Credit ratings are used to evaluate the credit quality of securities and other companies, such as insurance companies.
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dupes of hazard, inc. is the principally responsible party (prp) in a hazardous substance spill. the company reaches a settlement with the environmental protection agency (epa) regarding liability and cleanup before the cleanup efforts begin. dupes of hazard and the epa will now
Dupes of Hazard and the Environmental Protection Agency (EPA) will enter into a binding agreement called a Consent Decree specifying the actions to be taken.
What are the goals of the Environmental Protection Agency (EPA)?Established in 1970, this US federal institution has as its central objectives and goals to protect the environment as a whole, including human health, air quality, water and soil resources.
Organizations are increasingly aware of the importance that society attaches to environmental protection, which is why many have sought to adapt to this new reality by instituting environmental management measures that help reduce the impact of their activities on the environment.
Therefore, sustainability is an expanding subject nowadays, and more and more companies will need to adapt legally and spontaneously to this condition.
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booksellers, inc. makes a written offer to sell smallville city library 20,000 books at $5 each. in writing, booksellers also agrees to keep the offer open for sixty (60) days. however, before the 60 days have passed, booksellers sells all the books to universal library for $7 each. which of the following is true of this situation?
Smallville can file a legal claim, since Booksellers agreed to hold the offer open, even though no consideration was given.
Legal claim
Legal claim refers something which someone says which they cannot prove and which may be false.
Given,
Booksellers, inc. makes a written offer to sell smallville city library 20,000 books at $5 each. in writing, booksellers also agrees to keep the offer open for sixty (60) days. however, before the 60 days have passed, booksellers sells all the books to universal library for $7 each.
Here we need to find the statement that is applicable for this situation.
While we looking into the given situation,
We have identified that the price before the legal claim is $5 each and after the legal claim the price is $7 each.
Which means that the Booksellers agreed to hold the offer open, even though no consideration was given.
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