Answer:
D) They had a unilateral, express agreement.
Explanation:
In a unilateral contract, the offeror makes an express promise without a reciprocal agreement from another party. The offeror's express promise of payment requires that the other party performs.
In this case, professor Debby made an express promise to pay $50 to anyone that mowed her yard, and Max performed the yard mowing, therefore he is entitled to payment.
Answer:
$35.16
Explanation:
Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.
First we will calculate the value of stock after 5 years.
Value of stock = Dividend / (Rate of return - Growth rate)
Value of stock = $5.40 / ( 12.3 % - 3.7 % )
Value of stock = $62.79
As we know the value of the share is the present value of future cash flows associated with the stock. $62.79 is value of the share after 5 years. We have to discount it further to calculate today's value.
Today value of stock = Value after 5 year x Discount factor for 5 years
Today value of stock = $62.79 x ( 1 + 12.3% )^-5 = $35.16
International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad.
Under activity-based costing, overhead includes all indirect costs. so correct answer is all indirect costs.
<h3>Indirect costs: What are they?</h3>
The term "indirect costs" refers to operating costs that aren't immediately associated with a specific grant, contract, project function, or activity but are still essential to the organization's overall functionality and the accomplishment of its tasks.
Costs that are usually referred to as overhead expenses, such as rent and utilities, as well as general and administrative costs, such as wages for officers, expenses for the accounting department, and expenses for the personnel department, are examples of indirect costs.
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Answer:
overapplied for 20,200
Explanation:
Predetermined overhead rate:
350,000/250,000 = 1.4
each dollar of labor generates 1.4dollar of overhead
Applied overhead:
63,000 x 1.4 = 88,200
actual overhead: 62,000
82,200 - 62,000 = 20,200
<u>NOTE: INCOMPLETE INFORMATION</u>
The following account balances at the beginning of January were selected from the general ledger of Ocean City Manufacturing Company. Work in process inventory $0 Raw materials inventory $28,000 Finished goods inventory $40,000 Additional data: 1) actual manufacturing overhead for January amounted to $62000 2) Total direct labor cost for januray was $63,000 3) The predetermined manufacturing overhead rate is based on direct cost. The budget for the year called for $250,000 of direct labor cost and $350,000of manufacturing overhead costs. 4) The only job unfinished on January 31 was Job. 151 for which total direct labor charges were $5,200( 800 direct labor hours) and total direct material charges were $14,000 5) Cost of direct materials placed in production during January totaled $123,000. There were no indirect material requisitions during January. 6) January 31 balance in raw materials inventory was $35,000 7) Finished goods inventory balance on January 31 was $34,500