Answer:
b. An oral statement such as this is not enforceable because it is outside the Statute of Frauds.
Explanation:
The statute of frauds (SOF) is a legal concept that requires certain types of contracts to be executed in writing. Among others, these typically include those for the sale of land, of any goods over $500 in value, and contracts of a year or more in length.
The contracts that must adhere to the statutes of fraud are Collateral contracts in which a person promises to answer for the debt or duty of another, or guaranty contracts are required to be written. Prenuptial agreements and promises made in consideration of marriage must adhere to the statute of frauds.
<span>Good day! This is [insert name here]. I am interested in applying for a position with your company and I am calling to see if I can make an appointment with human resources to submit my resume. May I know who I should talk to regarding this? Thank you very much!</span>
Answer:
d) $13
Explanation:
contribution margin per unit:
- product B = $45
- product C = $39
- product D = $25
contribution margin per machine hour:
- product B = $45 / 2.5 = $18
- product C = $39 / 3 = <u>$13</u>
- product D = $25 / 1.25 = $20
the company should first produce 800 units of product D and use 1,000 machine hours. Then it should produce 680 units of product B using 1,700 machine hours. In order to produce the remaining 20 units of product B and the 600 units of product C, the company must rent machine hours and the maximum possible price per hour is $13 (contribution margin per machine hour product C).
Answer:
"C"
Explanation:
A customer - driven environment is an organisation where customer needs are identified and all efforts are in place to ensure that these needs are met to the maximum satisfaction of the customer.
Quality and pricing are key components of this system as a customer will be attracted if he is sure of the quality of a need at a reasonable price. It does not mean it should be the cheapest and lack quality.
It has been proven to be a good way of gaining competitive edge over rivals in business.
Answer and Explanation:
The computation is shown below:
As we know that
1. Return on assets is
= Net income ÷ avg total assets
where,
Avg total assets is
= (opening total assets + closing total assets) ÷ 2
= ($6,806.4 + $6,899.2) ÷ 2
= $6,852.8
Now return on asset is
= $481.6 ÷ $6,852.8
= 7.0%
2. Assets turnover ratio = net sales ÷ avg total assets
= $17,371.2 ÷ $6,852.8
= 2.5 times
3. Profit margin = net income ÷net sales
= $481.6 ÷ $17,371.2
= 2.8%
