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FACTS: On December 5, Sebastian, a graduate student, offered to sell Burnie his autographed Miami Hurricanes football jersey for $400. Burnie replied that he thought $400 might be more than he wanted to pay for the jersey. Burnie asked Sebastian to hold the offer open for 5 days while he considered the offer. Sebastian agreed. On Dec. 6, Sebastian sold the jersey to Shaq for $450. On Dec. 7, Burnie told Sebastian he accepted his offer to buy the jersey for $400.
A. Did Sebastian have an enforceable contract with Burnie so that Sebastian was obligated to hold the offer open for 5 days while Burnie considered Sebastian's $400 offer? Why or why not?
Researchers who use group designs replicate their findings by repeating the same (or a similar) experiment on other samples of participants. How do single-case researchers replicate their findings?
Find out the present value of $1 million in 30 years (future value) by using an interest rate of 5%?
you are considering buying common stock in grow on inc. you have calculated that the firms free cash flow was 7.60
What is a flexible budget, and why is it important to use this concept in the preparation of health care budgets?
What is the level of sales (in units) required to achieve a net income of 15 percent of sales?
misty ltd wishes to determine its weighted marginal cost of capital. in preparing for this task it has compiled the
What will a share of the $8 Preferred Stock of Hathaway Enterprises sell for if the Market's "Required Rate of Return" is 11%?
In general, would a falling rate of market interest cause the price of an MPT security to increase or decrease? Would the increase or decrease be greater if the security was issued at a discount?
Suppose you recently graduated from college, and your job search led you to S&S Air. Because you felt the corporation's business was taking off, you accepted a job offer.
The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate?
In a Ponzi scheme, named after Charles Ponzi, investors are paid profits out of money paid by subsequent investors, instead of from revenues generated by a real
Assuming that Phoenix is not expected to pay any dividends during the coming year, determine the expected rate of return on Phoenix Stock.
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