Under the UCC, an offeror must be notified within a reasonable time that the offeree has accepted
Indicate whether the statement is true or false
True
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The ____________________ rate is used to apply overhead based on production activity such as direct labor hours, direct labor costs, or machine hours; used because of the difficulties of relating specific costs to specific jobs
Fill in the blank(s) with correct word
In theory, all three valuation models, when correctly implemented with internally consistent assumptions, will produce the same estimates of value. However, in practice, which of the following errors can result in different value estimates?
a. incomplete or inconsistent earnings and cash flow forecasts. b. inconsistent estimates of weighted average costs of capital. c. incorrect continuing value computations. d. All of these errors result in different value estimates.
Venus Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of June, Venus completed Job 13C and its details are as follows:
What is the total cost incurred for Job 13C?
A) $27,632
B) $24,000
C) $10,360
D) $30,360
Which of the following best describes how biomimicry derives solutions from nature?
a. Solutions can mimic nature's forms, processes and ecosystems. b. Solutions are best derived from one category of organism at a time, as overlapping categories inhibit a company's ability to mimic. c. Solutions are derived only from living organisms. d. Solutions are extracted through a careful "hands-off" approach. e. Solutions are derived separately from the relationships in nature by studying the biology of a single organism at a one point in time.