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.

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.

Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?