Ron says to Mark, "If you design and landscape my front lawn by the time I return from Paris next month, I will pay you $5,000." Mark does not respond but has the landscaping done by the time Ron returns. This is an example of a unilateral contract
a. True
b. False
Indicate whether the statement is true or false
True
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Feedback from employees to management forms the ____________________ flow of communication in most organizations
Fill in the blank(s) with correct word
A firm's break-even point is that point at which
A. total cost just equals total revenue. B. total variable cost just equals total revenue. C. total profit just equals total cost. D. maximum profit is earned. E. None of these answers is correct.
Which of the following statements about the Statements on Standards for Tax Services is true?
A) A CPA is never allowed to use a taxpayer's estimates when preparing a tax return. B) The CPA must tell the IRS upon becoming aware that an error has been made on a past tax return. C) The CPA may in good faith rely on information provided by the taxpayer, without verifying the reliability of that information if reasonable inquiries are made where the information furnished appears to be incorrect. D) The CPA should not recommend that a taxpayer take a certain position if there is any doubt as to whether the position would be approved by the IRS upon audit.
Data concerning three of Kilmon Corporation's activity cost pools appear below:?Activity Cost PoolsEstimated Overhead CostExpected Activity?Assembling products$150,3008,350 assembly hours?Designing products$1,177,5357,597 product design hours?Setting up batches$14,400600 batch set-upsRequired:Compute the activity rates for each of the three cost pools. Show your work!
What will be an ideal response?