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3 years ago

The criteria that parties to a contract must be in agreement is also known as

Business

1 answer:

irga5000 [103]3 years ago

7 0

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

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Fedor, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $ 69 comma 000 July

cricket20 [7]

Answer:

C) $77,090

Explanation:

June 69000 (40% in July, 50% in AUgust)

July 80000 (40% in August, 50% in Sepetember)

August 77500 (40% in September, 50% in October)

September 77900 (40% in October)

October 71800 (10% in October)

Total budgeted cash payments in October = 71,800 x 10% + 77,900 x 40% + 77,500 x 50% = 77,090

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3 years ago

In a company's standard costing system, direct labor-hours are used as the base for applying variable manufacturing overhead cos

BARSIC [14]

Answer:

From this information one can conclude that last period the variable overhead efficiency (quantity) variance was unfavorable.

Explanation:

The variable overhead efficiency variance measures the difference between the actual and budgeted hours worked with respect to standard variable overhead rate per hour.

Variable overhead efficiency variance can be calculated thus:

Actual labor hours less budgeted labor hours x Hourly rate for standard variable overhead

If the time it takes to manufacture a product and the time budgeted for it matches or performs well, the labor efficiency is favorable.

Variable overhead efficiency variance is deemed unfavorable when it takes the company more time than budgeted to produce. This also shows labor efficiency variance was unfavorable.

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3 years ago

The rental income generated by a lease can depend significantly on the proportion of property-level operating expenses paid by t

yanalaym [24]

Answer:

4) Triple net lease

Explanation:

In a triple net lease (NNN lease), the tenant is responsible for all the expenses related to the leased property including property taxes, maintenance fees, reparations and property insurance. NNN leases are usually commercial leases only.

The landlord's disadvantage with a NNN lease is that the monthly lease payment tends to be lower since the tenant assumes all the costs related to the leased property. On the other hand, a NNN lease generally provides a stable cash flow, so its associated risk is lower.

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A document that analyzes the current marketing situation, opportunities and threats for the firm, marketing objectives in terms

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The marketing plan, which should include specific plans to deal with all opportunities and threats.

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3 years ago

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I would say social media. :) Hope this helps.

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3 years ago