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3 years ago

_____ refers to what each party gets in exchange for his or her promise under a contract.

1 answer:

4 0

Consideration refers to what each party gets in exchange for his or her promise under a contract. A contract has four elements: agreement, consideration, contractual capacity, and legal object. Agreement refers to the contract itself, consideration to the results of the contract, contractual capacity represents your legal ability to sign the contract, and legal object is the purpose of the agreement.

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Mcmurtry corporation sells a product for $180 per unit. the product's current sales are 12,900 units and its break-even sales ar

Sedaia [141]

14%

Margin of Safety:

[(current sales - break even)/current sales] * 100

(12900-11094)/12900] *100

(1806/12900)*100

.14*100 = 14%

6 0

3 years ago

On october 22, 2016, leahy corp. sold land to heller co., its non-wholly owned subsidiary. the land cost $122,000 and was sold t

Sveta_85 [38]

In this situation the answer is B. When Heller Co. sells the land to a third party. Capital gain is any money made (gained) off of a sale from an investment. Once Heller Co. sells the land the gain of the sale will be realized.

6 0

3 years ago

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin

NeX [460]

Answer:

1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.

2. The total manufacturing overhead cost assigned to Job 203 is $2,058.46.

3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.

Explanation:

<em>Predetermined overhead rate = Budgeted Overheads / Budgeted Activity</em>

Cutting Department = $390,000 / 43,400

= $8.99 per machine hour

Finishing Department = $496,000 / 43,000

= $11.53 per direct labor hour

<u>Total manufacturing overhead cost assigned to Job 203.</u>

Direct materials

Cutting Department $ 745.00

Finishing Department $ 370 .00

Direct labor costs

Cutting Department $ 43.00

Finishing Department $ 210.00

Variable manufacturing overhead

Cutting Department ($2.00 × 43) $86.00

Finishing Department ($2.00 × 4) $8.00

Variable manufacturing overhead

Cutting Department ($3.75 × 3) $11.25

Finishing Department ($3.75 × 13) $48.75

Fixed manufacturing overhead

Cutting Department ($8.99 × 43) $386.57

Finishing Department ($11.53 × 13) $149.89

Total $2,058.46

5 0

2 years ago

A _____ strategy is a way of obtaining customers by making decisions that allow an organization to produce goods or services mor

Rashid [163]

The answer to this question is what we called the low cost strategy. The low cost strategy is a type of pricing strategy where in the company offers a very low price for its products and services in order to produce more goods and service. The price for this strategy is more cheaper than the competitors.

4 0

2 years ago

Benefits of setting objectives for a company

In-s [12.5K]

Answer:

Help them evaluate the business' growth

Explanation:

When they set objectives, they can look at it later on and check if they had reached their goal. So they can see how far they've reached as a business.

8 0

2 years ago