Charcoal Briquettes, Inc., is the offeror and Dante's Firewood Company is the offeree under a unilateral sales contract in which Ember's Kindling & Tinder Company is also interested. Charcoal is not notified of Dante's performance within a reasonable time. Charcoal
A. may treat the offer as having lapsed.
B. must assume that Dante has started to perform.
C. must contact Dante.
D. must make an offer to Ember.
Answer: A
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A fixed cost is constant if expressed on a per unit basis but the total dollar amount changes as the number of units increases or decreases.
Answer the following statement true (T) or false (F)
Which of the following is considered information that is useful for a business?
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You receive $1,200 today, $2,200 in one year, and $3,300 in two years. If you deposit these cash flows in an account earning 12%, how much money is in the account three years from now?
A) $6,221 B) $5,554 C) $7,269 D) $8,142
A company that sells merchandise to customers should normally recognize
A. revenue only after the cash is collected. B. revenue and the related expenses in the period the revenue earned, whether payment is received or not. C. both revenue and expenses in the period following sale. D. expenses in the period the merchandise is sold and revenue in the following period.