Julius asks rachel if she would like to sell her boat. rachel privately has no interest in selling her boat, and believes that julius can’t afford her boat anyway. rachel says, "i’d sell my boat to you for $20,000." to rachel’s surprise, julius responds "ok, it’s a deal." rachel does not want to sell the boat to julius for any price. julius and rachel have: a. formed a valid contract, because rachel’s outward expressions showed the formation of a contract. b. formed a valid contract, because julius expressed outward interest in the boat. c. not formed a valid contract, because rachel did not want to sell the boat for any price. d. not formed a valid contract because of lack of definiteness in the contract terms.

Josie, an unmarried taxpayer, has $155,000 in salary, $10,000 in income from a passive investment in a limited partnership, and a $26,000 passive loss from a real estate rental activity in which she actively participates. if her modified adjusted gross income is $155,000, how much of the $26,000 loss is deductible

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?