Monica mailed Chandler an offer with definite and certain terms and that was legal in all respects stating that it was good for 10 days. Five days later, Monica thought about revoking the offer and composed an email to Chandler, however, she forgot to hit send. On day seven, Monica suffered a head injury causing her to have temporary amnesia for three days. On the 11th day, Chandler called Monica and informed her that he was accepting her offer. Monica informed Chandler that she had previously revoked the offer. Based on the facts, the offer was . Group of answer choices a contract was formed when Chandler accepted the offer. terminated because Monica lacked capacity. terminated because Monica had revoked the offer. terminated because of a lapse of time.\

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?