Answer:
A. Gretchen is incorrect because there is a binding bilateral contract.
Explanation:
Mainly there are two types of contract i.e unilateral contract and the bilateral contract.
The unilateral contract is the contract when the offer is made to the anyone
while the bilateral contract is the agreement in which the both parties are agreed and bind to perform his/ her obligations.
In the given case, it reflects the bilateral contract as the Haley returns the dog and he requested for the money from the Gretchen
Answer:
Station 1 is a bottleneck station because the processing time taken to process the product in such station is 9 minute when compared with Station 2 and Station 3
Explanation:
Station 1 = Processing time is 9 minutes
Station 2 = Processing time is 5 minutes per unit (15 minutes / 3 machines)
Station 3 = Processing time is 7 minutes
Thus, the Station 1 is the bottleneck station with a bottleneck time of 9 minutes per unit.
This is a growth-management ordinance. The growth-management is part of the marketing and product development. It is focused on customer and user acquisition.The goal is in situation in which <span>the population grows to ensure that there are services available to meet their demands.</span>
Answer:
Fillmore Industries
Fillmore's Systems Division
1. Minimum and Maximum Transfer Prices:
PCB Transistor
Minimum transfer
price $12.00 $3.45
Maximum transfer
price $12.09 $3.58
2. Yes. The Transistor Division can meet this price. It can sell at $2.60 (Variable cost plus markup) by eliminating the fixed cost, which is not a relevant cost.
3. A transfer price of $11 reduces the profitability of the Transistor Division while it increases the profitability of the other division. The transfer price should be a market-competitively determined price to encourage efficiency in the divisions.
Explanation:
a) Data and Calculations:
PCB Transistor
Direct materials 1,85 0,40
Direct labor 4,20 0,90
Variable overhead 2,40 0,70
Fixed overhead 0,85 0,75
Total Cost 9,30 2,75
Marked up Price $12.09 $3.58
Minimum transfer
price $12.00 $3.45
Maximum transfer
price $12.09 $3.58
Market price $12.00 $3.45
