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aliina [53]
3 years ago
14

Phil agrees to work for vacation resorts, inc., as a chef. in determining whether a contract has been formed, an element of prim

e importance is
Business
1 answer:
makvit [3.9K]3 years ago
3 0
The parties' intent.
An agreement is a legitimately authoritative understanding. Once an offer has been acknowledged, there is an understanding, yet not really an agreement. The component that changes over any agreement into a genuine contract is "expectation to make lawful relations". The courts look for confirm that the gatherings to the understanding expected that it ought to be administered by, and subject to, the law of agreement; with the goal that the agreement offers ascend to lawful outcomes. Each gathering consequently receives a legitimate commitment, and each may look for a cure in case of rupture.
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Sometimes it is better to leave a task and come back later if you do not feel like doing it at the time
Allushta [10]
Yes i definitely agree
3 0
3 years ago
The Walton family got a great deal on their new home. They bought it for $101,295, and it appraised at $187,000 in a region wher
Vesna [10]

The assessed value of their new home is $46,750.

<h3>Assessed value</h3>

Using this formula

Assessed value=Appraisal amount× Assessment ratio

Where:

Appraisal amount=-$187,000

Assessment ratio=25%

Let plug in the formula

Assessed value=$187,000 × 0.25

Assessed value = $46,750

Learn more about Assessed value here:brainly.com/question/5428406

#SPJ1

7 0
1 year ago
A salesman at a music store always begins by showing his customers high-priced instruments. When the customers refuse these, the
quester [9]

Answer: Rejection-then-retreat approach.

Explanation: The musical equipment salesman is using the Rejection-then-retreat approach to sell his musical items. This method is used to frighten the customers with higher priced items then make them settle for lesser priced items.

4 0
3 years ago
Read 2 more answers
Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.
Maksim231197 [3]

Answer:

False

Explanation:

Cost

This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.

Conversion costs

This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.

The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.

While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.

The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.

The equation for Cost per equivalent unit for conversion cost is simply =

(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.

8 0
2 years ago
Type the correct answer in the box. Spell all words correctly.
notka56 [123]

Answer:

Doubtful

Explanation:

The company will record the uncollectible $5,670 of its accounts receivable as a debit to uncollectible accounts expense and a credit to the DOUBTFUL account.

This is evident in the fact that the bad debt allowance method has three main principles which are:

1. Calculate uncollectible receivables

2. Debit bad debt expense and credit allowance for doubtful accounts in the journal entry

3. Debit allowance for doubtful accounts and credit the corresponding receivables account when it is time to write off the account.

8 0
3 years ago
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