Based on the fact that ActioNOW and Becca entered into an oral contract where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are d. none of the choices.
<h3>Who can enforce this contract?</h3>
This transaction between Becca and ActioNOW was an oral contract which means that it falls under the Statute of Frauds. However, for an oral contract to be enforceable under this Statute, the goods or services exchanged have to be less then $500 in value.
The services or goods also have to be less than 1 year in duration. Because Becca and ActioNow agreed for a contract of 18 months which is more than a year, this contract is not enforceable under the Statute of Frauds and so the government cannot enforce this contract.
Options include:
- a. ActioNOW.
- b. Becca.
- c. any third party, such as ActioNOW’s clients.
- d. none of the choices
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The fact that the machine building company identifies all potential buyers of wood lathes in the area and estimates the number of lathes each one might buy means that the company is using the market-build up to estimate market potential. This market-build up method produces accurate results if <span>the company has a list of all potential buyers and a good estimate of what each will buy.</span>
<span>Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The company’s monthly fixed expense is $50,000
1. Using the equation method, solve for the unit sales that are required to earn a target profit of $10,000
Sales = Variable expenses + Fixed expenses + Profit
$120Q = $80Q + $50,000 + $10000
$40Q = $60000
Q = $60,000 /$40
Q =1500 Units
2. Using the format method, solve for the unit sales that are required to earn a target profit of $15,000
Sales = 50000+15000/120-80 = 1625 units.
Mauro Products distributes a single product, a woven basket whose selling prices are $15 and whose variable expense is $12 per unit. The company’s monthly fixed expense is $4,200.
1. Solve for the company’s breakeven point in unit sales using the equation method.
Sales = Variable expenses + Fixed expenses + Profit
$15Q = $12Q + $4,200 + $0
$3Q = $4200
Q = $4200 /$3
Q =1400 Units
2. Solve for the companies breakeven point in sales dollars using the equation method and the CM ratio.
X = 0.8X + 4,200 + $0
0.2X = $4200
X = $4200 / 0.2
X = $21,000
CM ratio method
BEP = fixed cost /Sales-Variable cost /Sales = 4200/15-12/15 = $21000
3. Solve for the company’s breakeven point in unit sales using the format method
4200/15-12 = 1400 units.
4. Solve for the company’s breakeven point in sales dollars using the format method and the cm ration.
BEP = fixed cost /1-Variable cost / Selling price = 4200/1-12/15 = $21000
CM ratio method
BEP = fixed cost /Sales-Variable cost /Sales = 4200/15-12/15 = $21000</span>
Answer:
30z
Explanation:
btajaymo 30z fineeeee okayyy?
For a nation's leaders, this production possibilities frontiers model demonstrates what to produce, how to make it, and for which markets. Examine how changes in the economy affect a nation's production possibilities curve using examples from real-world situations.
<h3>What is Production Possibilities Curve?</h3>
A production possibilities curve depicts all the combinations of ways we can create these two items within the constraints we face, including the scarcity of resources.
Some characteristics of Production Possibilities Curve are-
- The main premise is that this curve will move in either direction depending on what influences economic output.
- Any economy's main objective is development, which is achieved by meeting consumer demand for more and more of the products and services being produced.
- We can produce more as long as everything else stays the same, hence the production possibility curve will move to the right or outward as the economy expands.
- Of course, the curves would move to the left if the economy had to contract. The output is growing when the curve moves outward or to the right.
- The output is diminishing when the curve turns inward or to the left.
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