Answer: c. A bilateral contract
Explanation:
In a bilateral contract, the parties involved promise to both perform duties to the other which will make them both an obligor and an obligee.
An obligor is one who owes a duty to another and the obligee is one who a duty is owed to. 
Aaron both owes a duty to sell the boat to Matt as well as being owed by Matt the duty to buy his boat. The same goes for Matt thus making this a bilateral contract. 
 
        
             
        
        
        
Answer:
$480
Explanation:
Data provided in the question:
Machine              Hours Repair Costs 
2,400                       $6,385 
1,200                        $3,480 
2,000                       $5,285 
3,400                       $8,980
Now,
                        Machine              Hours Repair Costs 
Highest             3,400                       $8,980
Lowest              1,200                        $3,480 
Difference        2,200                       $5,500
Unit variable cost =  $5,500 ÷ 2,200
= $2.5
Total cost at high level = $8,980
Machine hours highest level = 3,400
Also,
Total cost at high level = Fixed cost + Variable cost at highest level
or
$8,980 = Fixed cost + [ $2.5 × 3,400 ]
or
Fixed cost = $8,980 -  [ $2.5 × 3,400 ]
= $8,980 - $8,500
= $480
 
        
             
        
        
        
Answer:
The correct answer is (C)
Explanation:
Corporate dissolution is a termination of cooperation that results after a complete consent of the board of directors.  Likewise, a corporate dissolution is a serious step that can begin with a board resolution. If the board of directors are on one page then it becomes easier to dissolve cooperation. It can only be done by a vote to approve the resolution by the board of directors and shareholders.
 
        
             
        
        
        
Answer:
Piper Rose Boutique should accept the special order made by the college
Explanation:
Price per unit the college is willing to pay = $6
Total variable cost per unit to be incurred by Piper Rose Boutique = Direct materials + Direct labor + Variable factory overhead = $2.00 + $0.50 + $1.50 = $4,00
Since the price per unit of $6 that the college is willing to pay is greater than the total variable cost per unit of $4 to be incurred by Piper Rose Boutique, Piper Rose Boutique should accept the special order made by the college.
Note: the Fixed factory overhead is not relevant in taking the decision. Only the variable costs are relevant.