Briefly discuss the meaning of bilateral, unilateral, executory, and executed contracts
In a bilateral contract, both parties make a promise to do something. In a unilateral contract, one party makes a promise that the other party can accept only by actually doing something. A contract is executory when it has been made, but one or more parties has not yet fulfilled its obligations. A contract is executed when all parties have fulfilled their obligations.
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On April 1 of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine's useful life to be four years or 60,000 units of output with an estimated salvage value of $60,000. During the current year, 12,000 units were produced. Prepare the necessary December 31 adjusting journal entry to record depreciation for the current year assuming the company uses:a. The straight-line method of depreciationb. The units-of-production method of depreciationc. The double-declining balance method of depreciation
What will be an ideal response?
A queuing model that follows the M/M/1 assumptions has ? = 2 and ? = 3. What is the average time in the system?
A) 2/3 B) 1 C) 1.5 D) 2 E) 6
Scenario 1.2Use the following to answer the questions.Paws and Claws Hotel is a full-service pet salon and boarding kennel. Paws and Claws has an interactive website where customers can directly book a grooming appointment, obedience class, or overnight accommodations for their dog or cat. Paws and Claws has several unexpected services, such as a 600-square-foot swimming pool, complete with slide and dog-friendly graduated steps to help them exit the pool. Customers can also drop their dog or cat off each morning for pet day care. Paws and Claws has a pick-up and delivery service, webcams in every kennel so that pet families can view their pets while away, and pet "furniture" so that the cats and dogs can lie on sofas just like at home. Paws and Claws is also open 24 hours a day, 365 days
each year so that customers can pick up their pet at any time.The cost for an overnight stay at Paws and Claws averages $50, compared to competing kennels at about $30. The day care costs are $25 for either a dog or cat. The majority of Paws and Claws' competitors don't offer the day care service, and require a two-day minimum for overnight stays. Informal discussions with customers led to the addition of pet day care and 24 hours of operation. Previously, Paws and Claws was more interested in competing based on its prices. ?Refer to Scenario 1.2. Paws and Claws' target market ismost likelyto be which of the following? A. ?The dogs and cats who stay there B. ?Pet owners who go on vacation frequently C. ?Families with small children and several pets D. ?Suburban families with two-income households E. ?Urban professionals who travel often
Use the information in the table to determine the late finish time for Activity B
Task Predecessor Duration Early Start Early Finish Late Start Late Finish A -- 8 B A 14 C A 23 8 D C, B 6 23 26 E C 32 F D, E 32 38 A) Day 17 B) Day 20 C) Day 23 D) Day 26