Generally, in situations such as this where one person enters into a competition with a company or corporation with an explicitly defined prize, this constitutes a unilateral contract. Unilateral contracts are defined by the offering of a reward for a specifically defined act, and this contract is accepted when the contractee completes the act. In this case, Rocky Mountain Races, Inc., and Monica did have a uniform contract. Furthermore, because Monica entered the race and was declared the winner, she fulfilled her end of the contract thus accepting the contract (and qualifying for the reward from the contractor). However, because Rocky Mountain Races, Inc., included a provision that they could change the terms of the race at any time, Monica isn't entitled to the $10,000 reward, she is entitled to whatever reward Rocky sees fit.
Answer:
The correct option is C. $704,000
Explanation:
The computation of total cash payments is shown below:
= Cost of goods sold - net effect of inventory balance - net effect of accounts payable balance
where,
Net effect of inventory balance = Opening inventory balance - Ending inventory balance
= $200,000 - $188,000
= $12,000
Net effect of inventory balance = Ending accounts payable balance - opening accounts payable balance
= $84,000 - $80,000
= 4,000
So, the cash payment is equals to
= $720,000 - $12,000 - $4,000
= $704,000
Hence, the correct option is C. $704,000
Answer:
d
Explanation:
Indirect costs are costs of production that cannot be directly linked to a unit, activity or product.
Indirect manufacturing costs are cost of production that cannot be directly linked to a good that is produced.
Examples of indirect manufacturing cost include :
- Indirect Materials
- utility
- machine maintenance
- Real estate taxes on the factory
- Depreciation
- Salary of production floor manager
Answer: What kind of exam is it? Study as long as you can if its flashcards or practice problems.
Explanation:
This is the best way to study
D. is the answer..Critical-Thinking means using good judgement to solve a problem or quesiton.
