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andre [41]
3 years ago
7

Fact pattern 10-1 lulene makes the best lemon meringue pies in mississippi. so ellen, who owns ellen's old fashion cafe, contrac

ts with lulene to buy 50 pies per week at the price of $5.00 per pie. although lulene took a class in business law, she forgot to get her agreement with ellen in writing. lulene and ellen agreed during a chat. lulene said: "i will supply you with lemon meringue pies for however long you want them at $5.00 per pie." ellen said: "that's great, i'll take them." both women were pleased. soon lulene had a problem. between a hurricane in florida and brush fires in california, the price of lemons increased by 200%. now, instead of the $5.00 per pie price she intended to charge ellen, she feels she must charge $7.00 per pie to make a little profit. lulene calls ellen with the bad news and ellen has a fit. she tells lulene that's too bad, but the deal is off. lulene says, "that's what you think!" and goes to see amanda, her attorney. lulene makes the best lemon meringue pies in mississippi. so ellen, who owns ellen's old fashion cafe, contracts with lulene to buy 50 pies per week at the price of $5.00 per pie. ​ although lulene took a class in business law, she forgot to get her agreement with ellen in writing. lulene and ellen agreed during a chat. lulene said: "i will supply you with lemon meringue pies for however long you want them at $5.00 per pie." ellen said: "that's great, i'll take them." both women were pleased. ​ soon lulene had a problem. between a hurricane in florida and brush fires in california, the price of lemons increased by 200%. now, instead of the $5.00 per pie price she intended to charge ellen, she feels she must charge $7.00 per pie to make a little profit. ​ lulene calls ellen with the bad news and ellen has a fit. she tells lulene that's too bad, but the deal is off. lulene says, "that's what you think!" and goes to see amanda, her attorney. lulene and ellen's contract may best be described as:
Business
1 answer:
Whitepunk [10]3 years ago
6 0

Lulene and Ellen's contract may best be described as invalid based on indefiniteness. Lulene and Ellen's contract is not valid because they did not sign an agreement for the contract. They decided verbally on the agreement with the pies but since it is not in writing, it can't be tried as a valid contract.

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The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finish
Lana71 [14]

Answer:

Cost of god transferred  = $88,300.

Explanation:

The cost of job transferred out =

Opening WIP + direct material cost + direct labor cost + applied overhead - closing WIP

Cost of job transferred = 4,600 + 47,200+ 29,700 +15,900 - 9100

                                       = 88,300.

Kindly note that closing inventory represents amount of manufacturing costs that has been incurred on production units but which are yet to be completed . <em>So to determine the cost of what has be completed and finished, we subtract the value of closing inventory from the total manufacturing cost incurred till date. </em>

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3 0
4 years ago
Under a __________________ structure, there are two chains of command (functional and project), and project participants report
Volgvan

Under a matrix structure, there are two chains of command (functional and project), and project participants report simultaneously to both functional and project managers.

<h3>What is the functional approach?</h3>

The standard functional analysis is expanded in this format and is employed for the first time in the concept study of the vehicle. By using the value matrix, the cost/benefit matrix, the repair time matrix, and the supportability index matrix, the matrix form is utilized to analyze the system's functionality.

An earlier stage of concept vehicle definition allowed the designer-analyst to quickly and easily define the relationship between the choice structure and performance, costs and ranges of the importance of installed components, reliability and cost of repair time, logistic supportability, etc. The extended functional analysis could be the way of defining critical structure that does not impediment the project specification of the vehicle.

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8 0
1 year ago
Project Year 0 Cash Flow Year 1 Cash Flow Year 2 Cash Flow Year 3 Cash Flow Year 4 Cash Flow Discount Rate A -100 40 50 60 N/A .
Y_Kistochka [10]

Answer:

The answer is: You should invest in Project B since it has a higher NPV ($12.65) than Project A ($12.04)

Explanation:

Using an excel spreadsheet we can determine the net present value (NPV function) of the cash flows associated with each project.

<u>Project A</u>                                                <u>Project B</u>

40                                                           30  

50                                                           30

60                                                           30

0                                                             30

         discount rate for both projects = 15%

NPV Project A's cash flows = $112.04 minus the amount invested (100) = $12.04

NPV Project B's cash flows = $85.65 minus the amount invested (73) = $12.65

6 0
3 years ago
How many hours a week should a student plan to study per credit in a 15-week course?.
svet-max [94.6K]

According to credit in a 15-per week course, one must study 2-3 hours a week with a plan. Because 1 credit is equal to ten hours of study, so 3 credits equal to 30 hours per week.

<h3>What are the benefits of studying daily?</h3>

Good studies give a potential to study, and it builds confidence to students to perform better in the academic.

Studying regularly helps to keep the mind sharp and upgrade the ability of the person to gain more knowledge from other students.

Thus, According to credit in a 15-per week course, one must study 2-3 hours a week with a plan.

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6 0
2 years ago
Kelly hears an economist argue that organized labor lowers businesses'
ss7ja [257]

Answer:

D. Union pay tends to be higher than non-union pay for similar jobs.

Explanation:

Labor unions are always advocating for higher wages for their members.  As a result, organized labor is always paid higher wages than the market rates. The exorbitant wages and benefits that unionized workers get make the per-unit output of labor expensive. A company with union workers will pay higher wages per hour or per unit produced than a business that pays as per the market rates.

4 0
3 years ago
Read 2 more answers
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