On March 1, 2018, $72,000 of Annual Magazine Subscriptions Were

question 47

Multiple Choice

On March 1, 2018, $72,000 of annual magazine subscriptions were sold by Traveler's Monthly Magazines. The subscribed magazines are delivered on the first day of each month beginning on March 1, 2018. The total cost of the subscribed magazines is $30,000 or $2,500 per month. How much profit will the company recognize during 2019?

• A)$5,000
• B)$8,250
• C)$25,000
• D)$2,750

Recognize the elements and terms necessary for an offer to be legally binding.

Interpret the legal effectiveness of advertisements as offers.

Distinguish between offers and invitations to negotiate.

Understand the conditions under which a revocation of an offer becomes effective.

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Definitions:

Ligamentum Teres

A round ligament of the hip joint that connects the femur and the acetabulum, playing a role in hip stabilization.

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, typically measured in the arteries.

Pulmonary Trunk

The major blood vessel which splits into the left and right pulmonary arteries, carrying deoxygenated blood from the heart to the lungs.