Postal rule question

Assignment Help Finance Basics
Reference no: EM13688244

Postal rule question.
Danny wrote a letter to Kate offering to sell her his car for $60,000 on August 5. Danny stated in his letter that Kate had to reply by August 15 or he might sell the car to someone else.

On receiving the offer on August 8, Kate immediately sent a letter to Danny asking whether he would accept the price in instalments over ten months. Kate received no reply from Danny and she then posted another letter to Danny accepting his offer on August 14. Danny assumed that Kate did not accept the offer and he sold the car to Lily on August 16. Danny finally received Kate's letter of acceptance on August 17

Reference no: EM13688244

Questions Cloud

What is an estimate of the firm cost of common : What is an estimate of the firm's cost of common from retained earnings?
What is the angle between the two polarizers : Unpolarized light with intensity of 1.03 W/cm2 enters a set of two polarizers. The polarized light emerging has an intensity of 0.304 W/cm2. What is the angle between the two polarizers
Any psychological phenomena : Discuss whether the analysts following Intel appear to have been influenced by any psychological phenomena, both generally and in their reaction to Intel's announcement in September 2000.
What is the amplitude of the wave : The vertical displacement of particles in a string (when a wave is propagating through it) is given by y = (0.02) sin[(10?)t - (8?)x], What is the amplitude of the wave
Postal rule question : Postal rule question.
Determine the average speed for the trip : A person travels by car from one city to another with different constant speeds between pairs of cities. Determine the average speed for the trip
What is the cost of common stock : What is the cost of common stock?
What is the speed of the block : A 2.8 kg block is dropped from rest from a height of 5.2 m above the top of the spring. What is the speed of the block when the compression of the spring is 15.0 cm
Compounded annually : Compounded annually

Reviews

Write a Review

Finance Basics Questions & Answers

  You expect to deposit 55000 today and then in 2 years to

you expect to deposit 55000 today and then in 2 years to deposit an additional 24000 into a savings account. how much

  Calculate expected return and volatility

Assume Johnson & Johnson and the Walgreen Co. have expected returns and volatilities shown below, with a correlation of 22 percent.

  Briefly describe one 1 way the us financial markets impact

1.briefly describe one 1 way the u.s. financial markets impact the economy one 1 way the u.s. financial markets impact

  Market value ratio of debt to debt

There was an upward trend in the ratio of the book value of debt to book value of debt and equity throughout the 1990s. Some of this was due to the rebuying of stock.

  Outline an alternative plan to establish citibankrsquos

outline an alternative plan to establish citibankrsquos dominant position in this market in the eventually that the

  What rate of return will be earned by an investor who

a bond that pays coupons annually is issued with a coupon rate of 4.1 maturity of 25 years and a yield to maturity of

  The required rate of returns you need in calculating your

the required rate of returns you need in calculating your sml this week is the same required rate of return on your

  Lucas will receive 7100 8700 and 12500 each year starting

lucas will receive 7100 8700 and 12500 each year starting at the end of year one. what is the future value of these

  Clarification of ratio analysis

Average Weighted Cost of Capital, Risk Premium, debt to equity and the Current assets of GPC Genuine Parts Company for the most recent 5 years.

  Analysis of the daimler-chrysler merger

What is the current strategic plan for DaimlerChrysler?

  What is the percent difference in net working capital

Suppose marking-to-market reveals that the market value of the firm's inventory is 61 percent below its book value and its receivables are 71 percent below its book value. The market value of its current liabilities is identical to the book value.

  Explain capital budgeting decision based on npv

Explain Capital Budgeting decision based on NPV of the project and the cost of aerators is expected to increase at 4 percent per year far into the foreseeable future

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd