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Mila [183]
3 years ago
6

Sam student sends for a law school catalog from ivory towers university. according to the catalog, the law school applications a

re evaluated on the basis of undergraduate grades, standardized test scores and references. sam is a straight a student, has high test scores and excellent references, but his application is rejected. later he finds out that others with low grades and test scores were accepted based on their family connections and donations made to the university. if sam followed all of the guidelines in the college catalog and sent in the required application fee, then
a. this is not a contract.
b. this is a valid contract, the terms of which are set forth in the college catalog.
c. this is a quasi contract.
d. this is a voidable contract.
e. this is an implied contract.
Business
1 answer:
7nadin3 [17]3 years ago
5 0

If Sam had followed the guidelines in the college catalog, then there will be a valid contract that will be established as the school is likely to bound itself in honoring its obligations that are set forth in the college catalog. The correct answer is likely b.

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Yem expects to produce 1 comma 750 units in January and 2 comma 120 units in February. The company budgets 5 pounds per unit of
Vladimir [108]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Production:

January= 1,750 units

February= 2,120 units

The company budgets 5 pounds per unit of direct materials at a cost of $ 45 per pound.

Beginning inventory= 5,300 pounds.

Desired ending inventory= 40​% of the next​ month's direct materials needed for production.

The desired ending balance for February is 4,000 pounds.

The purchases of direct material are calculated using the following formula:

Purchases= sales + desired ending inventory - beginning inventory

January (in pounds):

Production= 1,750*5= 8,750

Desired ending inventory= (2,120*5)*0.4= 4,240

Beginning inventory= (5,300)

Total purchase= 7,690 pounds

Total cost= 7,690*45= $346,050

February (in pounds):

Production= 2,120*5= 10,600

Desired ending inventory= 4,000

Beginning inventory= (4,240)

Total purchase= 10,360 pounds

Total cost= 10,360*45= $466,200

6 0
3 years ago
Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ
True [87]

Answer:

C) $25,177

Explanation:

Spoiled units = (22,300 units + 76,400) - (72,900 units + 19,000)

=$98,700units -$91,900 units

= 6800 units

Normal spoilage = 5% × 72,900 units

= 3,645 spoiled units

Abnormal spoilage = 6800 units - 3645 units

= 3,155 units

Direct Materials ,Conversion Costs

WIP, beginning inventory$156,000$77,200

Costs added

during period 224,400 299,000

Total cost to account for 380,400 376,200

Divide by equivalent units*98,700 91,100

Equivalent-unit costs $3.85 $4.13

Equivalent unit

Direct Materials: 22,300 + 76,400 = 98,700 units

Conversion Costs: 72,900 + (19,000 x 60%) + 6800 = 91,100 units

Total cost per equivalent unit = $3.85 + $4.13 = $7.98

3155 units × $7.98 = $25,177

Therefore the cost allocated to abnormal spoilage using the weighted-average process-costing method will be $25,177

4 0
3 years ago
A member in a cartel can earn more profits byA) charging a slightly lower price and raising production.B) producing less than th
zavuch27 [327]

Answer:

The correct answer to the following question is option A) charging slightly lower price and raising production .

Explanation:

A cartel can be defined as a group of firms , that join forces together to decide what level of output should be produced and at what prices they should be sold at. A cartel generally forms in oligopoly market where there are few firms in the market and they all have significant share in the market.

Reason why firms join forces together is because they want to have more dominant position in the market and increase the market power. So these type of cartels forms a monopoly n the market and earn high profits. But there are always chance of firms cheating each other in market, by either increasing the production or decreasing the price by a small percent, which will allow them to earn more profits.

7 0
4 years ago
As the attrition loss in a process increases, what happens to the yield?
sp2606 [1]

Answer:

The yield decreases

Explanation:

6 0
3 years ago
Findell Corporation is considering two projects, A and B, and it has gathered the following estimates for the projects Project A
Vilka [71]

Answer:

a. 1.096

Explanation:

The present value index is the same as the profitablility index(PI), which is computed by dividing the present value of future cash inflows by the initial investment(the present value of cash outflows). A profitability of above 1 means that the project is viable as the numerator(PV of cash inflows) exceeds the denominator( initial cash outlay).

Project A PI index= Present value of cash inflows/Present value of cash outflows

Project A PI index= $84,360/$77,000

Project A PI index= 1.096  

8 0
3 years ago
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