When does acceptance of an offer to enter into a unilateral contract generally occur?
a. Upon notice of intent to accept by the offeree.
b. Upon full performance by the offeror.
c. Upon commencement of performance by the offeree.
d. Upon full performance by the offeree.
d
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What is the distinguishing characteristic between accounts receivable and notes receivable?
a. Accounts receivable are usually current assets while notes receivable are usually long-term assets. b. Accounts receivable require payment of interest if not paid within the usual credit terms. c. Notes receivable result from credit sale transactions for merchandising companies, while accounts receivable result from credit sale transactions for service companies. d. Notes receivable result from a written promise to pay within a specified amount of time.
In most cases when both positions are encountered in one organization, the chief technology officer (CTO) reports to the _____.
Fill in the blank(s) with the appropriate word(s).
Which of the following debt management ratios is the most inclusive for measuring the degree to which a company relies on outsiders for financing?
A) Debt to equity ratio B) Times interest earned ratio C) Long-term debt to equity ratio D) Long-term debt to total assets ratio
Dallavalle Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$93Fixed costs per year: Direct labor$320,000Fixed manufacturing overhead$2,144,000Fixed selling and administrative expenses$1,364,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 32,000 units and sold 31,000 units. The company's only product is sold for $238 per unit.The company is considering using either super-variable costing or a variable costing system that assigns $10 of direct labor cost to each unit that is produced. Which of the following statements is true
regarding the net operating income in the first year? A. Super-variable costing net operating income exceeds variable costing net operating income by $10,000. B. Super-variable costing net operating income exceeds variable costing net operating income by $67,000. C. Variable costing net operating income exceeds super-variable costing net operating income by $10,000. D. Variable costing net operating income exceeds super-variable costing net operating income by $67,000.