Answer: c. A bilateral contract
Explanation:
In a bilateral contract, the parties involved promise to both perform duties to the other which will make them both an obligor and an obligee.
An obligor is one who owes a duty to another and the obligee is one who a duty is owed to.
Aaron both owes a duty to sell the boat to Matt as well as being owed by Matt the duty to buy his boat. The same goes for Matt thus making this a bilateral contract.
Answer: (A) Market maturity
Explanation:
The market maturity is one of the stage in the product life cycle where is basically refers to the sales growth where the product sales growth get increased and then suddenly get slows down.
The market maturity stage is basically known as the longest stage in the product life cycle. In this life cycle stage the organization reaches to the highest level during the demand cycle.
Therefore, Option (A) is correct.
Answer: D. $20
Explanation:
Total cost to produce 50 cookies = Total cost to produce 100 cookies - Marginal cost to produce 50 cookies
Total cost to produce 100 cookies is:
= Average total cost * number of cookies
= 0.25 * 100
= $25
Marginal cost to produce 50 cookies is:
= Constant marginal cost * number of cookies
= 0.10 * 5
= $5.00
Total cost to produce 50 cookies = 25 - 5
= $20.00
Answer:
A. Information published by the U.S. Bureau of the Census that identifies which regions of the United States are experiencing the most rapid growth in Mexican-American population.
Explanation:
As the restaurant is famous and serves the Mexican cuisine, it needs data that will provide information about the interests of people in Mexican Cuisine.
The information published by the US Bureau about the population of Mexican citizens growing will help the restaurant identify the areas where it will find its most probable customers for the Mexican Cuisine.
The census will provide the maximum information about the regions with the population with Mexican people as the chances to like Mexican cuisine is maximum with Mexican population.
Answer:
the total period cost for the month under variable costing is $52,610
Explanation:
Under Variable Costing Period Cost consist of, All Non-Manufacturing Costs and Fixed Manufacturing overheads.Fixed Manufacturing overheads are included in product costs only in full costing.
<u>Calculation of Total Period Costs :</u>
Variable selling and administrative expense ($ 14×1,010) $14,140
Fixed selling and administrative expense $22,220
Fixed manufacturing overhead $16,250
Total $52,610
