The only requirement of a valid contract is that it be voluntarily entered into.
Answer the following statement true (T) or false (F)
False
You might also like to view...
What information does U.S. GAAP require to be disclosed for a major customer?
A. The geographic area of the customer. B. The specific products or services purchased by the customer. C. The operating segment reporting sales to the customer. D. The identity of the customer. E. The length of time the customer has been a customer of the company.
Describe the three types of appeals that marketers use
What will be an ideal response?
JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
5,600 units Sales revenue: $100,800 ($18 per unit) Direct materials cost: $ 22,848 (9,520 lbs purchased and used at $2.40 per lb) Direct labor cost: $ 38,192 (173,600 minutes at $.22 per minute) Refer to the JAX Inc information above. What was JAX Inc's direct labor efficiency variance for 2012? A) $1,120 F B) $1,120 U C) $1,232 F D) $1,232 U
An agency relationship can arise by ratification, which involves a determination of intent expressed by words or conduct.
Answer the following statement true (T) or false (F)