1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nlexa [21]
3 years ago
14

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.

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

You might be interested in
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

6 0
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 <u>unfavorable.</u>

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.

4 0
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.

4 0
3 years ago
A document that analyzes the current marketing situation, opportunities and threats for the firm, marketing objectives in terms
Amiraneli [1.4K]

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

5 0
3 years ago
Companies are using _____________ to communicate their corporate social responsibility actions to their customers. sales promoti
myrzilka [38]
I would say social media. :) Hope this helps.
6 0
3 years ago
Other questions:
  • Which is not one of the five basic elements of aâ paragraph?
    5·1 answer
  • Jonas had a great résumé and a glowing recommendation from his previous employer. Impressed by his qualifications and expertise,
    5·1 answer
  • A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
    10·1 answer
  • For each of the following, determine the amount of net income or net loss for the year. a. Revenues for the year totaled $71,300
    12·1 answer
  • What elements must be present for fire to exist?
    12·2 answers
  • Select the correct statement from the following,assuming Carmichael Company had a favorable direct materials price variance of $
    11·1 answer
  • Francis Companyhas 24,000 shares of common stock outstanding at the beginning of 2019. Francis issued 3,000 additional shares on
    14·1 answer
  • At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $46 million. At the time of purchase, the carryin
    8·1 answer
  • Derst Inc. sells a particular textbook for $27. Variable expenses are $20 per book. At the current volume of 43,000 books sold p
    9·1 answer
  • All of the following would affect the position of the supply curve for cranberries, except: Question 28 options: the price of ag
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!