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. the letter said to " respond to bruce townsend." in a letter to kristy—not to bruce—judy accepted kristy's offer to sell her interest. did judy and kristy have an enforceable binding contract? or did kristy's offer specifying one exclusive mode of acceptance mean that judy's reply was not effective.

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Which term refers to the cost that motivates an economic decision

Select the word from the list that best fits the definition sometimes