Jimbo went to doogie’s auto repair and asked how much it would cost to have his engine overhauled. doogie told him $1,000 and told him if he wanted to have his engine overhauled the next day, he should leave his car in the customer parking area. the next day, jimbo dropped his car off at doogie’s parking area with the keys in it without saying a word. next day, he went to pick the car up. doogie met him and said "got her overhauled, that’ll be $1,000." jimbo said "what? i never accepted a thing you offered, never even said ‘yes’ or anything. for the free repairs! " imagine the costs doogie incurred were $400 and the profit was $600. under what theory should doogie be able to sue jimbo?

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

What are some questions to ask a clerk in the dispatch office?