Answer:
The answer is: C) There is a valid contract
Explanation:
According to Appellate Court ruling in Steinberg v. Chicago Medical School;
The two parties (Joe and Sate University) entered a valid contract agreement upon receiving the $100 dollar application fee from Joe. State University´s catalog is considered to be the Offer part of this contract and the $100 application fee is considered the Consideration part of the contract.
Manufacturing cost is the total manufacturing cost of goods completed during a particular accounting period. These costs include direct materials, direct labor, and manufacturing overhead for products transferred from manufacturing to finished goods inventory.
The manufacturing cost of goods is important. Because it gives management an overview of the total cost of production and whether that cost is high or low. By better understanding the cost of goods produced, the company can make adjustments to maximize overall profitability.
Correct answer $46400
Working
Unadjusted cost of goods sold $ 48,000
Add: Ending finished goods $ 8,400
Less: Beginning finished goods $ (10,000)
Cost of goods manufactured $ 46,400
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The balance of the account (rounded to the nearest dollar) after the fifth deposit is $634
What is the future value of initial deposit and 4 annual deposits thereafter?
The future value of the initial deposit of and 4 subsequent annual deposits can be determined using the future value formula of an annuity due since the initial deposit is made immediately
FV=PMT*(1+r)^N-1/r*(1+r)
PMT=annual deposit
r=interest rate=8%
N=number of annual deposits
FV=$100*(1+8%)^5-1/5%*(1+5%)
FV=$634
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Answer:
A. Self-interest.
Explanation:
A concern for one's own advantage and well-being acted out of self-interest.
Answer:
- What is the meaning of the X- and Y-intercepts?
C) These are the limits of production if all resources are used to produce only one good.
When the production possibilities frontier (PPF) intersects the X or Y axis, it shows the maximum output level if all the resources are used to produce only one good.
- Why would an economy produce at this point?
D) All of the above.
When an economy is producing at either intersection point (X or Y), it is usually not because of extreme specialization but rather due to failures or negative factors that prevent the production of the other good. Employment failures that lead to an ineffective allocation of labor or capital deficiencies which result in an ineffective allocation of capital resources (including technology).
- Suppose you succeeded in lifting your economy to a point on its PPF. What point would you choose? How might your small society decide the point at which it wanted to be?
A) This depends on the value the society places on necessities and luxuries.
The theory behind the PPF not only applies to economies, it also applies to consumers and the consumption possibilities frontier (CPF). Consumers decide what products to buy depending on how they want to satisfy their needs, either by purchasing products that satisfy basic necessities or purchasing luxury products.
