Answer:
C) there was an offer, acceptance, and consideration
Explanation:
The doctrine of promissory estoppel requires that the following 5 elements must exist:
- The parties must anticipate that some type of legal relationship will exist between them.
- One party must have made a promise to another party.
- One party must rely on the promise made by the other party.
- The party that relied on the promise made by the other party must suffer a detriment if the promise is not fulfilled.
- Unconscionability
, in other words, there is nothing that forbids the party from performing the promise.
Answer:
Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.
Examples of product costs are direct materials, direct labor, and allocated factory overhead which are directly attributable to the product.
period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transnational event. ... Instead, it is typically included within the selling and administrative expenses section of the income statement.
Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities. Period costs are sometimes broken out into additional subcategories for selling activities and administrative activities
Answer:
11.1%
Explanation:
The face value is $5000
It is sold for $4,500
Therefore the interest rate of this bond can be calculated as follows
$5000-$4500
= 500
500/4500 × 100
= 0.111 × 100
= 11.1%
Hence the interest rate is 11.1%
Answer:
average annual transportation inventory for each alternative are 16.4383 , 5.4794, 27.3972
Explanation:
Given data
Annual demand A = 2000 flower
transit time t1 = 3 days
transit time t2 = 1 day
transit time t3 = 5 days
to find out
What is the average annual transportation inventory for each alternative
solution
we will apply here average annual transportation inventory formula that is
average annual transportation inventory = t × A / 365
put the value t1 , t2 and t3 for annual demand 2000
so
average annual transportation inventory = t × A / 365
average annual transportation inventory = 3 × 2000 / 365 = 16.4383
and
average annual transportation inventory = t × A / 365
average annual transportation inventory = 1 × 2000 / 365 = 5.4794
and
average annual transportation inventory = t × A / 365
average annual transportation inventory = 5 × 2000/ 365 = 27.3972
Answer:
D) $3,000
Explanation:
Calculation to calculate determine Sybil's tax basis in the stock received in the exchange
Tax basis $5,000
Add recognized gain $1,000
($6,000-$5,000)
Less boot received ($2,000)
Less liability ($1,000)
Sybil's tax basis $3,000
Therefore Sybil's tax basis in the stock received in the exchange will be $3,000
