Answer:
d. Yes, the offeror must be a merchant, pursuant to the UCC definition of merchant.
Explanation:
The Uniform Commercial Code (UCC) establishes that firm offers can only be made by merchants. They also apply only to the sale of goods, but the baseball card is a type of good.
The problem is that Debbie is not probably a merchant. In order for her to be considered a merchant, she would need to be in the business of buying and selling baseball cards on a regular basis.
Answer:
The actual price = $1.08
Explanation:
The standard material price can be worked out as follows:
<em>Step 1: Work out the standard price of material using the material usage variance</em>
Standard price = Material usage variance/(standard quantity of material - actual quantity)
Standard quantity of material = standard qty per unit × actual production
= 4 × 17,000 =68,000
Standard price = 2,800/(68,000-64,000)= $0.7
<em>Step 2 : Work out the Actual material price using the material price variance</em>
Material price variance = (Standard price - Actual price )× Actual quantity of material
6,400 = (y - 0.7) × 17,000
6400 = 17,000y - 11,900
17,000 y = 6,400 + 11,900
y = 18,300/17,000= 1.08
The actual price = $1.08
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales:
April 45,000
May 38,000
June 42,000
Each unit requires one pound of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory.
A) Budgeted production= sales + desired ending inventory - beginning inventory
Budgeted production:
Sales=38,000
Ending inventory= 42,000*0.3= 12,600
Beginning inventory= 38,000*0.3= (11,400)
Total= 39,200
B) Desired beginning inventory= budgeted sales*30%
Beginning inventory= 42,000*0.3= 12,600
C. Finacial is the answer.
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it can help certain families
it serves as an employment incentive
it is a common reference with hiring in other jobs
it can also be helpful depending on the type of market
