Under which of the following conditions is a contract said to have legal value?
A) the promisor receives a legal benefit
B) the promisor suffers a legal detriment
C) both promisor and promisee receives a legal benefit
D) both promisor and promisee suffers a legal detriment
A
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Percentage analyses, ratios, turnovers, and other measures of financial position and operating results are:
A) a substitute for sound judgment. B) useful analytical measures. C) enough information for analysis, industry information is not needed. D) unnecessary for analysis, but reaction is better.
The integration and improvement of economic, environmental, and social/ethical performance of products and services refers to __________.
What will be an ideal response?
Compare reliability and validity. Why are they important considerations in marketing research?
What will be an ideal response?
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$97Budgeted unit sales (all on credit): January 10,000February 12,000March 13,300April 15,200? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$9.00per direct labor-hourVariable selling and administrative expense$3.10per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 30% in the month of the sale 70% in the following month?Raw materials
purchases are paid: 30% in the month of purchase 70% in the following month?The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The estimated unit product cost is closest to: A. $61.50 B. $84.00 C. $22.50 D. $70.50