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Burka [1]
3 years ago
9

American Products Company and Best Manufacturing, Inc. (BMI), enter into a contract for the sale of a certain quantity of machin

e parts, with BMI to determine the price. The price must be fixed according to the concept of ______.
Business
1 answer:
Alex_Xolod [135]3 years ago
8 0

Answer:

Good Faith

Explanation:

Based on the information provided within the question it can be said that the concept being mentioned is called Good Faith. In the context of business contracts this term refers to both parties that enter into a contract together dealing with each other honestly and fairly. Keeping the contract price at a fixed price is part of this since, it allows both parties to know how much one is paying and the other is receiving, if the price is able to fluctuate it can blindside the other party and cause problems or misunderstandings.

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When people buy more of a certain good as they get more money, this good<br> is considered
MakcuM [25]

Answer:

Consumer goods

Explanation:

8 0
3 years ago
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At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m
tigry1 [53]

Answer:

Equivalent Unit of Material = 120000 + (15000 × 40%)  

Equivalent Unit of Material = 126000 units

Cost per Equivalent Unit of Material = (22400 + 229600) / 126000  

Cost per Equivalent Unit of Material = 2 per unit

Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)  

Equivalent Unit of Conversion Cost = 121500 units

Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500  

Cost per Equivalent Unit of Conversion = 4.50 per unit

So answer is $2.00; $4.50

3 0
3 years ago
If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t
Ainat [17]

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

3 0
3 years ago
Presented below is information available for Concord Corporation. Current Assets Cash $ 4500 Short-term investments 50500 Accoun
disa [49]

Answer:

2.42 times

Explanation:

The computation of the acid test ratio is shown below:

Acid test ratio = Quick Assets ÷ Current liabilities

where,

Quick Assets = Cash + short term investment + account receivable

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                      = $121,000

And, the current liabilities is $50,000

So the acid test ratio is

= $121,000 ÷ 50,000

= 2.42 times

Basically we applied the above formula to find out the acid test ratio

3 0
3 years ago
Which of the following is a potential safety hazard?
maxonik [38]

Umm... I can't find the choices... So, those are the choices I made up that are correct to your question.


  • Spills covering grounds or falling hazards, such as blocked paths or cords going over the ground.
  • Working from heights, including ladders, scaffolds, roofs, or an elevated workspace.
  • Unguarded device and moving machine pieces; guards dismissed or moving pieces that a worker can unintentionally touch.
6 0
3 years ago
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