Answer:
General Specialty Pharmacy
Sales $1,400,000 $600,000 $420,000
Variable cost $520,000 $360,000 $280,000
Contribution margin A $880,000 $240,000 $140,000
Fixed Expenses B $510,000 $420,000 $290,000
Net income/(Loss) (A-B) $370,000 ($180,000) ($150,000)
1. This case primarily involves an implied contract, where things may not have been written down but the actions by both sides show there was an agreement.
2. Implied contract may also be refereed to as an implied-in-fact contract because the facts (not written documents) show there was an agreement.
3. The court would rely on the conduct of the parties. Since there isn't a written agreement, they look at the actions people took to see if they behaved as if they were in a contract.
4. Implied contracts do not require an agreement between the parties. Someone may be operating on the assumption of an implied contract and the other person disagrees that they acted in a way that implied a contract, but it is their actions that matter not how they felt about the agreement.
5. To determine if a contract exists the court will look at: furnished a good or service, expected to be paid, knew or should have known about that expectation, had a chance to reject the goods or services
Answer:
The lead time is the delay applicable for inventory control purposes. This delay is typically the sum of the supply delay, that is, the time it takes a supplier to deliver the goods once an order is placed, and the reordering delay, which is the time until an ordering opportunity arises again
Explanation:
