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Question: On March 1, the Katy Railroad sent a letter to the A-1 Steel Company asking the price on 50,000 tons of steel rails. On March 5, A-1 responded by letter offering to sell Katy 50,000 tons of steel rails for $75 a ton. On March 10, Katy wrote that it would buy 100,000 tons at $75 a ton. On March 15, A-1 responded that it could not fill an order for 100,000 tons. On March 20, Katy wrote back stating that it would buy 50,000 tons at $75 a ton. On March 25, A-1 responded that it could not fill Katy's order. Analyze each communication and determine whether a contract has been formed. In the above fact situation, what difference would it have made if the Steel Company's letter had not included the statement, "This price will be good for 30 days"? How would this change your answer?
In business, there is a tension between the principals (stockholders) and agents (managers). The managers may choose policies that increase short-term profitability (and their bonuses) at the expense of long-term profitability.
Did the number of foreign currency units exchangeable for a dollar increase or decrease between the contract and settlement dates?
What are some of the possible reasons that actual results may differ from what had been budgeted at the beginning of the period?
On April 6th, 2014, the interest rate on the fund changed to 3% compounded monthly. Calculate the maturity value of the fund on March 29th, 2015.
On January 1, 2015, Baker Company purchased 10,000 shares of the stock of Murphy, How much should the Baker Company report on the balance sheet for investment
ABC Limited issued a prospectus offering 100 000 ordinary shares at an issue price of $3.50 each, payable $2.5 per share on application.
Everett Corporation had these stockholders equity accounts
Freight incurred under "freight prepaid" for the goods purchased under FOB Shipping Point 80,000. How much is the total inventory on December 31, 20x1
Porser Company had the following balances in its accounting records as of December 31, 2013:
The total purchase price is quoted by Grainger to be $11,843. What are your knowns for the EUAW calculation for this proposed purchase
Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent
Discuss whether you feel the SEC's temporary ban on short-selling financial stocks in 2008 during the financial crisis unfairly punished convertible arbitrage funds.
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