Panini Vittles, Inc, contracts with Qino to deliver its sandwiches. Later, the parties decide to cancel their contract. They can
a. rescind their entire contract.
b. rescind their contract to the extent that it is executory.
c. rescind their contract if they make a new contract at the same time.
d. not rescind their contract.
b
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Vanguard Company makes three products, M, N, and P, which come from a joint process. The joint costs for each batch of the products are: $80,000 for direct materials, $40,000 for direct labor, and $30,000 for indirect costs (overhead). Each batch produces 10,000 pounds of product M with a market value of $6 per pound; 5,000 pounds of N with a market value of $12 per pound; and 9,000 pounds of P with a market value of $10 per pound.Required:1) Determine the total amount of joint cost allocated to each of the products, assuming that the allocation is based on the weight of products produced. (Do not round intermediate calculations. Round each of your final answers to the nearest whole dollar.)2) Determine the total amount of joint cost allocated to each of the products, assuming that the
allocation is based on the market value of the products. (Do not round intermediate calculations. Round each of your final answers to the nearest whole dollar.) What will be an ideal response?
Funds obtained from ________ are the least expensive in terms of cost and control.
A. commercial banks B. private placement C. the entrepreneur's personal resources D. friends and family
Violations of antitrust law are either per se violations or rule of reason violations. What are the differences between these two types of violations?
What is the Service Corps of Retired Executives (SCORE)? How does it assist small-business owners?
What will be an ideal response?