Answer:
b) false
Explanation:
This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.
E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.
But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.
Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.
Depletion is used as a deduction from the gross income
So if we're wrong in putting the depletion data, it will be very likely that the income statement for the following period would be overstated
Answer:
Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour
Explanation:
High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.
<em>Step 1 : Establish 2 points - The Highest and The Lowest</em>
High - March 2,640 hrs : $8,100
Low - April 720 hrs : $ 4,500
<em>Step 2 Calculate the variable Cost Component</em>
Variable Costs = Overhead Cost difference /Activity difference
= ($8,100-$4,500)/(2,640hrs-720hrs)
= $3,600/1,920hrs
= $1.875/hr
<u>The </u><u>separation </u><u>of a </u><u>manufacturing process</u><u> into distinct tasks and the assignment of different tasks to different individuals is called </u><u>specialization</u><u>.</u>
What is the separation of a manufacturing process?
- The number one production thing of the chemical system industries is separation processes (CPI).
- These crucial responsibilities encompass doing away with impurities from uncooked materials, improving and purifying number one products, and casting off impurities from effluent water and air streams.
What is conditioning withinside the production system?
- A material's inner structure is altered in the course of conditioning processes, converting the material's houses.
- These tactics modify a material's hardness, corrosion resistance, strength, or different houses via the usage of heat, mechanical force, or chemical reaction.
Learn more about specialization
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Answer:
1.12
Explanation:
Flask company has a net sales of $2,190 million
The cost of goods sold is $2,060 million
Net income is $410 million
Average total assets is $1,960
Therefore it's total assets turnover can be calculated as follows
= sales/Total assets turnover
= $2,190 million/$1,960 million
= 1.12
