Case Scenario: Big Time Toymaker Case Scenario: Big Time Toymaker Did the parties have a contract? If there was a contract between Big Time Toymaker (BTT) and Chou it was a bilateral contract that was binding when BTT (offeror) paid Chou (offeree) $25K in exchange for limited negotiation privileges for a 90-day period. Consequently‚ BTT bought the rights to negotiate the distribution agreements for Chou’s board game. A bilateral contract is an agreement of two promises and two performances. The
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1. Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $276‚100 for the year‚ and machine usage is estimated at 125‚500 hours. For the year‚ $291‚988 of overhead costs are incurred and 130‚200 hours are used. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places‚ e.g. 1.25.) Manufacturing overhead rate $ 2.20 per machine hour Answer: Manufacturing Overhead Rate = Estimated Overhead ÷ Estimated
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In the Final Paper‚ you must address the issue of treatment versus punishment. This discussion is designed to help everyone with this debate that shapes juvenile justice in every state. There are many thoughts that cross the spectrum‚ so this is your opportunity to discuss‚ with your peers‚ the benefits and challenges of a variety of juvenile justice‚ in-residence programs. There are four primary goals of confinement in the juvenile justice system: retribution‚ deterrence‚ rehabilitation‚ and
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Text Discussion Questions and Exercises: • Chapter 15: Discussion Question 9. How do variable costs and fixed costs differ? Give an example of each. Fixed costs are costs that will be the same for the next year. In my Construction Business fixed costs are office rent‚ office utilities‚ advertising costs‚ etc. In a year‚ these costs can be known ahead of time and won’t need to change even if my company does more work. Variable costs are costs that can rise or fall depending on how much work I
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6. Durrant Manufacturers‚ Inc. spent $8 million on plant expansion‚ $1.5 million on new capital equipment‚ and $0.5 million on replacement capital in 1980. At the beginning of 1980‚ Durrant had $2.5 million of goods in its inventory; at the beginning of 1981‚ they had $1.5 million in their inventory‚ with sales during the year running $20 million. During 1980‚ their gross investment expenditures were: a. $9.0 million. c. $8.0 million. b. $9.5 million. d. $10 million. 7. Which of the following
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Department of Business Assessment on learning outcome LO1 to LO4 Submitted to Irfan Jahangir Submitted by Tanvir Ahmed ID: 2015121013 First Semester Submission Date March 8‚ 2015. Table of Contents LO 1.1: Compare and contrast different organizational structure and culture: 1 LO 1.2: Explain of the relation between an organization’s structure and culture can impact on the performance of the business: 3 LO 1.3: Discuss the factors which influence individual behavior at work: 5 Demographic
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Week 9 Review Questions 1. Oil production in the United States satisfies only half of the country’s needs; the rest is imported. If imports were cut off‚ what changes would you expect to occur in your lifestyle? If oil imports were cut off‚ the changes to my lifestyle and to the United States would be devastating. Gasoline prices would skyrocket. This would force me and others to curtail our driving. I might have to rely on public transportation; however‚ the cost of said transportation would
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Economics: intro • Economic questions arise bc we want more than we can get. • Inability to satisfy want: scarcity • Incentives: rewards that encourage action or penalties that discourage action. • Economics studies the allocation of scarce recourses among people • Alfred marshell (1842-1924) shaped macro economics • Joan robinson: “ the main reason to study econ is to avoid being fooled by it Two main parts: A) Microeconomics: studying the choice of individual decision makers. And how
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Midterm Exam – October 17‚ 2012 SOLUTIONS Instructions: 1. Read the questions carefully. 2. Answer all questions on the following pages. 3. A financial calculator and a regular calculator are permitted. 4. A one-sided 8.5” x 11” formula sheet is permitted with formulas only. 5. The midterm has 11 pages‚ including 2 blank pages. 6. For Part 2‚ show all your work. 7. Midterm duration: 75 minutes. 8. Mark allocation: Shown on exam. Print your name: _________________________________________ Sign your
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PLF: Cesar Rodriguez E-mail: ucla.cesar@gmail.com Midterm Review Session Chemistry 14BL Midterm Review Session *The information shown below is usually provided on the exam. Also‚ remember that calculators can be used on the exam.* Absolute Uncertainties 5.00 mL pipet: ± 0.01 mL 10.00 mL pipet: ± 0.02 mL Digital balance: ± 0.2 mg 50.00 mL volumetric flask: ± 0.04 mL 100.00 mL volumetric flask: ± 0.08 mL 25.00 mL buret: ± 0.03 mL Useful information pX = -logX pH = 14 – pOH Kw
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