Answer: When consideration is provided by one of the parties to the contract
Explanation:
Consideration must be given to make a contract legally binding.
Answer:
- <u>an airline targeting customers with over 500k miles of travel on its airline</u>
Explanation:
Note, the focus of behavioral segmentation is to identify and separate the marketing strategy used on clients/customers based on mainly their behavior, and not on demography (age, gender, etc) or geography.
Hence, the best scenario from the above options is that of an airline that targets customers with over 500k miles of travel on its airline. In other words, their traveling behavior (distances covered) is the basis why they are targeted, without consideration of demography or their geography.
Answer:
Fixed overhead absorption rate
= <u>Budgeted fixed overhead</u>
Budgeted activity level
= $<u>12,000</u>
16,000 hours
= $0.75 per hour
Production volume variance
= (Standard hours - Budgeted hours) x Fixed overhead rate
= (16,250 - 16,000) x $0.75
= $187.5(F)
The correct answer is A
Explanation:
First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.
Answer:
$ 464,120
Explanation:
Data provided :
Estimated total fixed manufacturing overhead = $ 492,000
Estimated machine hours = 30,000 hours
Actual total fixed manufacturing overhead = $ 517,000
Actual total machine-hours during the period = 28,300 hours
Estimated overhead Rate is given as:
= ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )
or
Estimated overhead Rate = $ 492,000 / 30,000 hours = $ 16.4 / hr
Now,
the total amount of overhead = overhead Rate × Actual total machine-hours
or
the total amount of overhead = $ 16.4 / hr × 28,300 hours = $ 464,120
Answer:
$2,500
Explanation:
since Sherry will receive at least $10,000 or 25% of the partnership's net income, then the guaranteed payment = $10,000 - ($30,000 x 25%) = $10,000 - $7,500 = $2,500
When partnerships include guaranteed minimum payments, he/she will receive that amount even if the partnership's net income is not high enough. If the partnership's net income would have been $40,000 or more, then there would be no guaranteed payment (= $40,000 x 25% = $10,000).
