A _____ is an estimation about a future situation based on the evaluation of facts.

Gerard, an adult, contracts with Communiserve to purchase, in installments over a period of five years, a very large quantity of

Ganezh [65]

Answer:

a. Gerard’s contract is voidable at his option while it is entirely executory.

Explanation:

In the United States of America, one of the most widely used recognized and most cited legal treatises is the Restatement of Contracts. It allows legal luminaries (judges and lawyers) to have a general understanding of non-binding authorities in contract or common law.

According to the Restatement (second) of Contract, voidable contract is one where one or more parties have the power, by a manifestation of election to do so, to avoid the legal relations created by the contract, or by ratification of the contract to extinguish the power of avoidance.

Hence, under the Restatement, Gerard’s contract is voidable at his option while it is entirely executory.

63. In most states, whether the time within which a minor disaffirms a contract constitutes a reasonable time is determined by the fact and circumstance of the case.

5 0

3 years ago

If customer satisfaction does not always lead to customer loyalty, firms may need to focus additional effort on _____ strategies

mihalych1998 [28]

The firms may need to focus additional effort on retention strategies.

Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.

Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.

Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.

Learn more at: https://brainly.com/question/4310845

5 0

2 years ago

The term __________ refers to the supplemental information provided in a proposal. It often includes examples of past projects,

natali 33 [55]

Answer:

D. appendices

Explanation:

The term appendices refers to the supplemental information provided in a proposal. It often includes examples of past projects, client testimonials, and technical specifications. Appendices basically provide the readers with the additional information which help them in better understanding the proposal in a greater detail. It is combination of additional and supplementary materials which includes the results of the past projects, testimonials, supportive data and other technical specification of the project, which can't be included in the main body of the proposal.

5 0

2 years ago

Which of the following describes the normal sequence followed in preparing a master budget? Multiple Choice

rjkz [21]

Answer: The correct answer is "2. Sales budget → Inventory purchases budget → Selling and administrative expense budget → Cash budget".

Explanation: Sales budget → Inventory purchases budget → Selling and administrative expense budget → Cash budget is the normal sequence followed in preparing a master budget.

First, sales must be planned, to estimate what level of income will be obtained, then purchase expenses directly related to sales, thirdly, other sales and administrative expenses and finally the cash budget.

6 0

3 years ago

Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the follo

Zepler [3.9K]

Answer:

Results are below.

Explanation:

<u>To calculate the activity rate for each activity cost pool, we need to use the following formula on each activity:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Labor-related= 16,800/2,000= $8.4 per direct labor hour

Machine-related= 16,000/8,000= $2 per machine-hour

Machine setups= 30,400/800= $38 per setup

Production orders= 6,600/200= $33 per order

Product testing= 12,000/500= $24 per test

Packaging= 51,000/3,400= $15 per package

General factory= 55,600/2,000= $27.8 per direct labor-hour

<u>Now, the plantwide predetermined factory overhead:</u>

Total overhead= $188,400

Total direct labor hours= 2,000

Predetermined manufacturing overhead rate= 188,400/2,000

Predetermined manufacturing overhead rate= $94.2 per direct labor hour

3 0

3 years ago