Answer:
That a memorandum of understanding was created by the receipt sent by Mr. Blue and an
enforceable agreement exists
Explanation:
A memorandum of understanding is an agreement between two or more parties stating a lone of action that is binding on the participants.
This is used in place of a legally enforceable agreement. Like a formal gentlemen's agreement.
In this instance they agree orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt one week after the agreement.
The act of sending a reciept establishes the fact that there is an agreement. Therefore it is enforceable in a court of law.
Answer: 10.79%
Explanation:
Based on the information given, the return in year 1 will be:
= (22.5 + 2)/21 - 1
= 1.1136 - 1
= 0.1136
= 11.36%
The return in year 2 will be:
= (22.8 + 2)/22.5 - 1
= 1.1022 - 1
= 0.1022
= 10.22%
Therefore weighted return will be:
= (11.36% + 10.22%)/2
= 21.58%/2
= 10.79%
Answer:
In the activity based costing system, the costs are always allocated to unit product on a more fairer basis which is allocating cost pools on the cost driver basis and always remember that these cost pools originated by breaking the total overhead costs. This total Overhead cost is used only in absorption costing and absorbed on not a fairer basis (only uses only one basis of allocation which is either machine hours or labor hours).
Explanation:
The cost driver for setting up batches is number of batches, processing customer orders is customer order and that of Assembling products is assembly hours.
So
Setting up batches cost per Product X26X = $78.6 * 34 = $2672.4
Processing Customer Orders per Product X26X = $59.4 * 1 = $59.4
Assembling products cost per Product X26X = $1.58 * 369= <u>$583.2</u>
Total overhead cost assigned to unit product = <u>$3315</u>
Answer:
the total utility in the case when you consume eight carrots is 5 utils
Explanation:
The computation of the total utility in the case when you consume eight carrots is shown below:
= Marginal utility when seventh carrot is consumed + marginal utility when eight carrot is consumed
= 3 utils + 2 utils
= 5 utils
Hence, the total utility in the case when you consume eight carrots is 5 utils
Answer:
Non-price competition
Explanation:
Non-price competition is when producers use other factors other than the price of their good or service to raise the demand for their product.
Optimax is trying to increase its market share by changing the container for its product. This is non price competition.
Price war is when producers lower the price of their goods in an attempt to increase the demand for their product.
Price leadership is when the dominant firm in an industry sets the market price.
I hope my answer helps you