Responding to a Craigslist Ad,Jennifer,who Is a Wholesaler of Furniture,leaves

question 4

True/False

Responding to a Craigslist ad,Jennifer,who is a wholesaler of furniture,leaves a voicemail for James,a small custom-made furniture maker,offering to purchase his custom made king-size oak bed frame for $650,even though it was advertised at $1,150.James does not respond.Jennifer has an enforceable contract.

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under previous transactions, often due to a return or refund.

Perpetual Inventory System

A technique in inventory management accounting that captures sales or purchases right away using computerized systems for point-of-sale and software for enterprise asset management.

Credit Card Fees

Credit card fees are charges levied by credit card companies for the processing of transactions, maintenance of accounts, or penalties for late payments.

Perpetual Inventory System

An accounting method that continuously updates the quantity and cost of inventory after each purchase or sale, offering real-time inventory levels.