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On November 23, Blackburn, a dress manufacturer, mailed to Conroy a written and signed offer to sell one thousand sundresses at $50 per dress. The offer stated that it would "remain open for ten days" and that it could "not be withdrawn prior to that date." Two days later, Blackburn, noting a sudden increase in the price of sundresses, changed his mind. Blackburn therefore sent Conroy a letter revoking the offer. The letter was sent on November 25 and received by Conroy on November 28. Conroy chose to disregard the letter of November 25; instead, she happily continued to watch the price of sundresses rise. On December 1, Conroy sent a letter accepting the original offer. The letter, however, was not received by Blackburn until December 9, due to a delay in the mail. Conroy has demanded delivery of the goods according to the terms of the offer of November 23, but Blackburn has refused. Does a contract exist between Conroy and Blackburn? Explain.
Momentum Bikes manufactures a basic road bicycle. Production and sales data for the most recent year are as follows no beginning inventory
Ultimate Butter Popcorn issues 7%, 10-year bonds with a face amount of $60,000. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price will the bonds issue?
Show the Journal entries for the purchase and the sale of shares.
Evaluate the total overhead applied to production during May. Determine the cost of the ending work in process inventory. Evaluate the cost of jobs completed during May. Calculate the cost of goods sold for the year ended May 31.
total payroll of walnut co. was 184000 of which 320000 represented amounts paid in excess of 106800 to certain
Prepare a report for Julies Jardinieres which provides the following financial information for the costs in total and per pot.
Using the activity-based costing approach, determine the overhead cost per unit for each product.
A company's Inventory account increased $26,800 and its Accounts payable account decreased $18,240 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and Cost of goods sold was $532,700. What was t..
What amount did Spear receive from the bond issuance?- What amount should Huff report as interest expense for the six months ended June 30, 2010?
Evaluation of Target Cost to maintain a Target Profit Rate - To maintain a target profit equal to 35 percent of the new product's cost, what will the target cost be.
Compare and contrast the investment objectives and constraints of a bank, an insurance company and defined benefit pension fund?
Why would a company issue bonds, when that means going into debt? What is the major drawback of issuing bonds?
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