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MArishka [77]
2 years ago
5

Rest Well Hotel orally ordered 1,000 blankets monogrammed with its initials, RWH, from TriColor Textiles. TriColor had just fini

shed monogramming the blankets when Rest Well called and canceled the order. TriColor will be able to enforce the agreement even though there was no writing.a.trueb.false
Business
1 answer:
fiasKO [112]2 years ago
7 0

Answer:

True

Explanation:

Most contracts can be either written or oral and still be legally enforceable;verbal agreement is a contract even though it is not in writing.

In order for an oral contract to be valid, it must contain these three elements: an offer, an acceptance of that offer and consideration in which each party receives something of value through an exchange to serve as the purpose of the contract.Rest Well Hotel proposed an offer to Tricolor, Tricolor Texitle accepted the offer and  the company has put in a consideration by making the monogram.Therefore,because of the previous agreement between them, Tricolor can enfore the agreement

However, three main factors are needed in proving the validity of oral contracts. these are witness testimony,  course of conduct, and  credibility.

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Which statement is FALSE?
morpeh [17]

Answer:BB

Explanation:b

3 0
3 years ago
Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar
Ket [755]

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

                                                                                    $

17,130 hours should have cost ( 17,130 ×7.20)      123336

but did cost                                                            <u>120,466</u>

Variable overhead rate variance                           <u>  2870 </u> Favorable

Variable overhead rate variance = $2,870              

6 0
3 years ago
Zanny Moldings has the following estimated costs for the upcoming year:
Sloan [31]

Answer:

D) $31.

Explanation:

The computation of the predetermined overhead rate is shown below:  

Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours

where,

Estimated manufacturing overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,600 + $22,000 + $5,600

= $65,200

And, the direct labor hours is 2,100

So, the predetermined overhead rate is

= $65,200 ÷ 2,100

= $31

5 0
3 years ago
Casey Communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. Thi
SVEN [57.7K]

Answer:

The company's current ratio increased.

Explanation:

What would happen to this company is that the company's current ratio would increase. The current ratio refers to a ratio that measures the company's capacity to fulfill its short-term obligations, usually within a year. Therefore, this can also be considered a liquidity ratio. The way in which it does it is by comparing the company's current assets to its current liabilities. The current ration in this case would increase due to the fact that the company used the money to pay off some of its short-term notes payable.

8 0
3 years ago
You just deposited $2,500 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add anothe
choli [55]

Answer:

The value of the investment would be $16,035.87 in 12 quarters from now

Explanation:

The value of $2,500 after four quarters can be determined with the below formula:

FV=PV*(1+r/t)^N*t

FV is the future value of the investment, the unknown

PV, the present value of the investment is the amount invested.

r is the rate of return of 4%

t is the number of times interest is paid annually,4 times in this case

After the first four quarters, the worth of the investment is shown thus:

FV=$2500*(1+4%/4)^1*4

FV=$2500*(1+1%)^4

FV=$2,601.51

After that $5000 was added to $2,601.51 making $7,601.51 which was reinvested to yield the below:

FV=$7,601.51*(1+ in 4%/4)^1*4

FV=$7,601.51*(1+1%)^4

FV=$7910.16

Then $7,500  was added to $7,910.16 which turns $15,410.16

FV=$15,410.16*(1+4%/4)^1*4

FV=$15,410.16*(1+1%)^4

FV=$16,035.87

4 0
3 years ago
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