A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay.
Create a limit on the maximum no. of bottles the firm can make,
The required details about externality is mentioned in below paragraph.
<h3>How Do Externalities Work?</h3>
An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.
Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.
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Answer:<em><u>All of the answer choices are correct.</u></em>
The following is a factor to be considered in determining a limited-life intangible asset's useful life:
(a)Any legal provisions that may limit the useful life.
(b)The expected useful life of any related asset.
(c)The effects of obsolescence.
It necessary to note that while evaluating a limited life intangible asset the following factors are considered. i.e. legal provisions, effects of obsolescence and etc.
<u><em></em></u>
<u><em>Therefore, in this case the correct option is (d)</em></u>
Answer:
unit required = 7175 units
Explanation:
given data
sells phone case = $108 per unit
Fixed costs total = $227,000
variable costs = $48 per unit
pretax income = $203,500
solution
we get here first Contribution Per Unit that is
Contribution Per Unit = sells phone case - variable costs .............1
Contribution Per Unit = $108 - $48
Contribution Per Unit = $60
so here units of product required is
unit required =
....................2
put here value
unit required =
unit required = 7175 units