Travel Lines offered to sell 10 round-trip tickets to Elaine. Travel Lines stated that the acceptance must be in writing by USPS next-day service. Which of the following acceptances will create a contract between Travel Lines and Elaine?
a. Elaine calls Travel Lines and states that she will buy the tickets.
b. Elaine sends a fax to Travel Lines stating she will buy the tickets.
c. Elaine sends a letter by USPS next-day service to Travel Lines stating that she will buy the tickets.
d. All of the above responses will create a contract between Travel Lines and Elaine since they constitute reasonable means of communication.
c
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Stepford Company makes dolls. The price is $10 and the variable expense per unit is $6. What is the contribution margin ratio?
A) 62.5% B) 37.5% C) 55% D) 40% E) 60%
Wellmann Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for February. Fixed Element per MonthVariable Element per Customer ServedActual Total for FebruaryRevenue $4,800$149,500Employee salaries and wages$50,500 $1,200$85,800Travel expenses $600$18,400Other expenses$41,000 $40,100?When the company prepared its planning budget at the beginning of February, it assumed that 35 customers would have been served. However, 31 customers were actually served during February.?The spending variance for total expenses for February would have been closest to:
A. $3,000 F B. $10,200 U C. $10,200 F D. $3,000 U
Most state constitutions are modeled after the ____________________
Fill in the blank(s) with correct word
The formula for calculating critical ratio is ______.
a. Work remaining / Time remaining b. Time remaining / Work remaining c. Cost remaining / Time remaining d. Time remaining / Cost remaining