When receiving a bomb threat, security should record:? (A)The caller exact words, (B)A summary of the conversation

Your real estate development company enters into an oral purchase agreement with the owner of land that contains several barns l

Vitek1552 [10]

Answer:

Explanation:

An agreement becomes a contract that will be enforceable in a court of law only if the vital elements of a contract are present in the said agreement. The Vital elements of a valid contract are as below:-

1) Offer and Acceptance:- There should be an offer that is properly communicated to the offeree. When the person to whom the offer is made signifies his consent, the proposal is said to be accepted. Persons may enter into contracts when they are: face to face; over the telephone or through post office courier service etc. When persons are face to face, one person making the offer and the other accepting, the contract comes into existence immediately. The communication of revocation is complete

-as against the person who makes it:- When the communication of revocation is put into a route of transmission to the person to whom the revocation is made, to be out of the power of the person who makes the revocation.

-as against the person to whom it is made:- When the revocation comes to the awareness of the person to whom it is made.

Conclusively, a contract is an oral or written agreement that could be enforceable by law. However, in case of an agreement; it could be similar but not binding in the perceptions of the law.

When agreement becomes formal and binding, it takes the shape of a contract.

Other essentials shall include:

2) Intention to create a legal relationship

3) Possibility of performance

4) The capacity of the parties to contract

5) Free Consent

6) The legality of object and Consideration

7) Certainty of meaning

8) It is not expressly declared to be void

9) Necessary legal formalities

10) Consideration

Accordingly, if a contract meets the above criteria, it could be said to be legally binding even if it is oral. If my Company has agreed to buy the equipment, it is to be noted that the offer is already accepted and even approved by the other party by writing a ‘Thanking note’ in return. Therefore, the entire agreement is legally enforceable and I do need to perform my part of the deal to avoid any legal complications. My silence to the acknowledgment letter presented by the other party shall also deem that I am willing to purchase that equipment and hence cannot reverse the same until the retraction is accepted by the other party as well. This is the primary essential of any valid contract, as explained above.

8 0

4 years ago

Which of the following is not one of the factors required to charge for online content?

nikitadnepr [17]

I think the correct answer from the choices listed above is option B. A focused market would not be one of the factors that is <span>required to charge for online content. Since the market is already available and is always there. Hope this answers the question. Have a nice day.</span>

3 0

4 years ago

Which of the following would result if the business purchased supplies on credit? A)Supplies would increase, and Cash would decr

klasskru [66]

I think the answer is C

3 0

4 years ago

Morganton Company makes one product, and it provided the following information to help prepare the master budget for its first f

Lilit [14]

Answer and Explanation:

1)

BUDGETED SELLING PRICE $ 70 *

BUDGETED UNITS IN JULY 22000

BUDGETED SALES $ 1,540,000

2)

SALES

CASH 40% $ 616,000

CREDIT 60 % OF PREVIOUS MONTH $ 382,200

RAW MATERIAL

RAW MATERIAL PURCHASES COST

40 % PAID NOW JULY $260900 $ 104,360

60 % PREVIOUS MONTH JUNE $ 159980 $ 95,988

LABOR

$12 PER HOUR * (24980 * 2)$ 599,520

VARIABLE EXPENSES $ 37,400

($1.70 * 22000)

FIXED EXPENSES $ 61,000

CASH INFLOW $ 99,932

3)

SALES IN JULY $ 1,540,000

60 % OUTSTANDING $ 924,000

4) 2980 UNITS SHOULD BE PRODUCED

JUNE JULY AUGUST SEP

SALES UNIT 9100 22000 24000 25000

CLOSING UNITS4400 4800 5000 -

20% OF NEXT MONTH SALE

OPENING UNITS - 1820 4400 4800

20% OF PREVIOUS MONTH SALE

FINISHED GOODS REQUIRED

13500 24980 24600 20200

SALES + CLOSING - OPENING

RAW MATERIAL REQUIRED

54000 99920 98400 80800

FINISHED GOODS REQUIRED * 4

CLOSING UNITS9992 9840 8080 -

10% OF NEXT MONTH NEEDS

OPENING UNITS - 5400 9992 9840

10% OF PREVIOUS MONTH NEEDS

RAW MATERIAL PURCHASES

63992 104360 96488 70960

5 0

3 years ago

Condelezza Co. manufactures two products, A and B, in two production departments, Assembly and Finishing. Condelezza Co. expects

mr_godi [17]

Answer:

a.

Factory Overhead rate

$13.75 per hour

Production department rates

Assembly = $15.5 permachine hour

Finishing = $12.0 per machine hour

b.

Plant-wide

Product A = $27.5 per unit

Product B = $13.75 per unit

Department-wide

Product A = $34.21 per unit

Product B = $10.40 perunit

c.

Departmental Method is more accurate.

Explanation:

a.

Factory overhead rates = Total Budgeted Overhead / Total Budgeted Machine Hours

Factory overhead rate = $550,000 / ( 20,000 + 20,000 ) = $13.75 per hour

Production department rates:

Assembly Department = $310,000 / 20,000 machine hours = $15.50 per machine hours

Finishing Department = $240,000 / 20,000 machine hours = $12.00 per machine hours

b.

Factory overhead cost per unit

Plantwide rate

Product A

Applied Overhead = $13.75 per machine hour x 20,000 hours = $275,000

Overhead per unit = $275,000 / 10,000units =$27.50 per unit

Product B

Applied Overhead = $13.75 per machine hour x 20,000 hours = $275,000 Overhead per unit = $275,000 / 20,000 = $13.75 per unit

Departmental

Product A

Assembly Department = $15.50 per machine hour x 15,100 machine hours = $234,050

Finishing Department = $12.00 per machine hour x 9,000 machine hours = $108,000

Total overhead = $234,050 + $108,000 = $342,050

Per unit = $342,050 / 10,000 = $34.21

Product B

Assembly Department = $15.50 per machine hour x 4,900 machine hours = $75,950

Finishing Department = $12.00 per machine hour x 11,000 machine hour = $132,000

Total = $207,950

Per unit = $207,950 / 20,000= $10.40

c.

The department rate method is more accurate than plantwide.

In plantwide method there is an overcosting of each unit of A and undercosting of each unit of B.

4 0

3 years ago