had doubled‚ Loeb & Co. sought to enforce the contract. Schreiner argues that he is not a merchant. Is the contract enforceable? A- Under the mailbox rule the moment the offer gets mailed it’s affective when both parties are Merchant. There was an oral contract following a written confirmation of the order‚ this contract is enforceable under the Uniform Code only and if Schreiner is a merchant and in this case he is. 15. The defendant‚ Gray Communications‚ desired to have a television tower
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Argument 1: Prohibition has enormous social costs. The police is devoting thousands of hours arresting and imprison marijuana users. Which the majority of these people are law-abiding. Some even stay in prison for over a decade‚ for nothing more than possession of cannabis for personal use. Each year the government spends 3.6 billion dollars‚ enforcing laws on possession. According to the American civil Liberties Union. The times says that regular police officer can spend many hours arresting
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COST ACCOUNTING-MMS FORMAT OF COST SHEET Opening stock of Raw Material XX Add: Raw material purchased XX Less: Closing Stock of Raw Material XX Raw Material Consumed ZZ Direct Labor XX Direct Expenses. XX PRIME COST ZZ Add: Factory Overheads: Indirect Material XX Indirect Labor XX Indirect Expenses XX GROSS WORKS COST/FACTORY COST ZZ Add: Opening WIP XX Less: Closing WIP XX COST OF GOODS MANUFACTURED
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Equivalent annual cost From Wikipedia‚ the free encyclopedia In finance the equivalent annual cost (EAC) is the cost per year of owning and operating an asset over its entire lifespan. EAC is often used as a decision making tool in capital budgeting when comparing investment projects of unequal lifespans. For example if project A has an expected lifetime of 7 years‚ and project B has an expected lifetime of 11 years it would be improper to simply compare the net present values (NPVs) of the
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There are a lot of tools or methods offer by project management‚ cost planning and control is a very important tool for project management. A good cost planning is because it can help on forecasting the expenses that need to spend for the project. And cost control will minimize the wastage during execution of project. This report will emphasize the objectives‚ benefits‚ methods and other matters on construction cost planning and cost control. Cost Planning Cost planning normally will
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inspired to write this book after he was separated from society for 3 years. Nearly 70% of Ariely’s body was covered with third-degree burns after an explosion of a large magnesium flare hit him. During his 3 years of social outcast‚ Ariely started to look at society as an outsider‚ he also noticed what caused people to behave the way they do. Ariely’s passion for researching and conducting experiments developed during his studies in a physiology course at Tel Aviv University. Throughout the book‚ Ariely
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Anderson Cost Club Memorandum To: Pat Sutton From: Sha-Kim Wilson Date: April 29‚ 2013 Re: Cost Club Scenario Two Downsizing the Human Resources Department Human Resources Department manager Pat Sutton is requesting the downsizing of the Human Resources Department. Instead of the eight employees already in place‚ Pat wants the department pared down to five employees. She wants the names of three employees selected to be terminated. There is no other alternative
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Chapter 1 Lecture Notes: Limits‚ Alternatives and Choices The economic perspective or economic way of thinking takes the following concepts into consideration: * Scarcity and Choice * Purposeful Behavior * Marginalism: Benefits and Costs Scarcity and Choice Economics is about wants and means: * Society has the resources to make goods and services that satisfy our many desires. * However‚ our economic wants far exceed the productive capacity of our limited resources – our
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class ends. Use attachments‚ please. 3. Good Luck! 1. In a competitive market‚ the actions of any single buyer or seller will a. have a negligible impact on the market price. b. have little effect on market equilibrium quantity but will affect market equilibrium price. c. affect marginal revenue and average revenue but not price. d. adversely affect the profitability of more than one firm in the market. Table 14-1 Quantity Total Revenue 0 $0 1 $7 2 $14 3 $21 4 $28 2. Refer to Table 14-1. For
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determine if the company is actually making money with their customers. With future growth imminent due to the success of their products‚ it was important that effort was taken to ensure that variable selling‚ general‚ and administrative (SG & A) costs did not increase faster than sales revenue. As Kanthal expanded operations and increased their market share‚ they captured business by meeting their customers ’ expectations for increased service. Increased demands were placed on their production and
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