Schmidt, the owner of a small business, has a large piece of used farm equipment for sale. he offers to sell the equipment to barry for $10,000. discuss the legal effects of the following events on the offer.

a) schmidt dies prior to barry's acceptance and the time he accepts, barry is unaware of schmidt's death.
b) the night before accepts , fires destroys the equipment
c) barry states to schmidt that he will pay him $8000 in stead for the equipment.

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

The simple interest in a loan of $200 at 10 percent interest per year is

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.