A buyer submits an offer to the seller. While the seller is considering the offer, the buyer calls and cancels the offer, saying the home was too expensive. The seller protests, claiming she was going to accept the contract. Which of the following is true?

Answers

Answer 1

Answer:

The original order is cancelled and the protest means nothing

Explanation:

An offer becomes a purchase when the purchase agreement is signed.

In the above question the buyer has just made an offer to the seller and no agreement has been signed between them .so here its appropriate to conclude that the original order is cancelled and the protest means nothing

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Assume that a company paid $ 9 per share to purchase 1 comma 600 shares of its $ 2 par common stock as treasury stock. The purchase of treasury stock.

Answers

Answer:

decreased total equity by $14,400

Explanation:

The treasury stock reduced the balance of the stockholder equity as the issuing company buys this stock back.

Given that

Number of shares purchased = 1,600 shares

Paid per share = $9

Common stock = $2

So, the treasury stock would be

= Number of shares purchased × per share

= 1,600 shares × $9

= $14,400

The journal entry would be

Treasury Stock A/c Dr $14,400

To Cash A/c $14,400

(Being treasure stock is purchased for cash)

Arena Corp. leased equipment from Bolton Corp. and correctly classified the lease as a finance lease. The present value of the annual lease payments at lease inception was $1,000,000. The present value of the maintenance and service obligations to be paid by Bolton was $50,000, and the fair value of the equipment at lease inception was $900,000. What amount should Arena report as the finance lease obligation at the lease's inception?

Answers

Answer:

The correct answer is $900,000

Explanation:

Arena Corp. should record the asset and the lease obligation at the lower of the fair value of the asset at the inception of the lease.

In this case, The fair value is $900,000 and its precise amount to record. Keep in mind that Executory costs aren´t included in the lease obligation.

Answer: 1,000,000.00

Explanation:

Arena should report a finance lease obligation at $1,000,000, the present value of the lease payments. The $50,000 executory costs are separate from the lease payments and do not count in the present value calculation. They do not reflect a component of the minimum lease payment. The fair value of the equipment is extra information. The lease liability is based on the present value of the lease payments, not the fair value of the leased asset, even though they are often the same.

During the recession of 2007-2009, despite falling income levels, the fast-food chain Subway experienced increased sales. The increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered

Answers

Answer:

Inferior goods

Explanation:

If during the recession, despite falling income levels, the fast-food chain Subway experienced increased sales; then the increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered inferior goods.

Income elasticity is an economic principle which states that 'normal goods have their demand increase when the income of consumers increase while inferior goods are those goods that have their demand increase when income falls'

It suggests that consumers could not afford healthy meals during the recession because of their decrease in income, hence, they had to eat more of affordable Subway sandwiches.

Hours worked: 46Regular rate of pay: $7.82 per hour

Round your answers to two decimal places. trying to find the gross pay

gross pay: $

Answers

The amount of gross pay will be $359.720.

What is Algebra?

The analysis of mathematical representations is algebra, and the handling of those symbols is logic.

It is also known as the product. If the object n is given to m times then we just simply multiply them.

The number of hours worked was 46 and the regular rate of pay was $7.82 per hour

Then the amount of the gross pay will be given by the product of the numbers 7.82 and 46.

Gross pay = $7.82 x 46

Gross pay = $359.72.

Thus, the amount of the gross pay will be $359.720.

More about the Algebra link is given below.

brainly.com/question/953809

#SPJ2

359.72 gross pay kdkddkdk

If your _________, your net worth on the balance sheet would have increased from one period to the next. liabilities increased and assets remained constant liabilities increased and assets decreased assets increased and liabilities remain constant income increased

Answers

The right answer for the question that is being asked and shown above is that: "liabilities increased and assets remained constant." If your liabilities increased and assets remained constant, your net worth on the balance sheet would have increased from one period to the next.

There were several reasons why the South was especially suited to produce cotton on a large scale. According to the course materials, which of the following was the most important factor?

Answers

Answer:

The institution of slavery.

Explanation:

Slavery was not needed in the north because due to cold weather poor soil the Northerners depended on trade and manufacturing but in south the soil was fertile and plantation system was rampant so slave labour was utilised on tobacco and cotton farms.

Some of the large plantations had more than 200 slaves and there were laws that barred the slaves for earning their freedom, receiving education and freedom.

The planters depended on the slave labour because indentured labour became expensive, they tried to use the Natives American but they didn't had immunity to the European diseases hence perished in large numbers. while the African slaves had immunity against such diseases.

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