11–5. acceptance. judy olsen, kristy johnston, and their mother, joyce johnston, owned seventy-eight acres of real property on eagle creek in meagher county, montana. when joyce died, she left her interest in the property to kristy. kristy wrote to judy, offering to buy judy's interest or to sell her own interest to judy. she requested that judy " respond to bruce townsend." in a letter to kristy—not to bruce—judy accepted the offer to buy kristy's interest in the property. by that time, however, kristy had offered to sell her interest to their brother, dave, and he had accepted. did judy and kristy have an enforceable binding contract, entitling judy to specific performance? or did kristy's offer so limit its acceptance to one exclusive mode that judy's reply was not effective? discuss. [olsen v. johnston, 368 mont. 347, 301 p.3d 791 (mont. 2013)]

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The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Label each scenario with the term that best describes it. use the midpoint method when applicable. marcel duchamp was a famous artist prior to his death, and was known for his dada artwork, including works such as "soft toilet". all of his original sculptures and paintings go on sale. paul owns a tim horton's, a famous donut and coffee franchise. he is willing to sell as many maple glazed donuts as customers want at a price of $1.00 each, but he refuses to sell any donuts for any price lower than $1.00 . the price of facial tissues rises from $2.85 per box to $3.15 . as a result, p& g increases production from 15 million boxes to 25 million boxes of facial tissue. with the school semester starting for both high school and college, papermate chooses to increase production of pens from 38 million to 42 million after global prices of writing instruments increase from $1.90 a package to $2.10 a package. bright ideas increases its production of lightbulbs by 15% after a 400% increase in the price of fluorescent bulbs.labels: elastic supply; perfectly inelastic supply; perfectly elastic supply; inelastic supply; unit-elastic supply.