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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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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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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User Manual Critique For this critique evaluation‚ I chose to use the Sprint Samsung Galaxy S4 (SPH-L720) Users Guide. The criteria I am going to use for this evaluation is audience recognition‚ development‚ conciseness‚ ease of use and document design from the Instruction‚ User Manual‚ and SOP Usability Checklist (Gerson 2012). A user manual is created to help the owner of a product understand‚ become familiar and troubleshoot the particular product that person has acquired. Samsung has numerous
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Concepts of Personality Christin Ott Psy/211 November 23‚ 2014 Carol Tripp Concepts of Personality This paper will describe the four perspectives of personality‚ and will be comparing three theories of personality development we have learned throughout this chapter. Developmental theories and perspectives of personality are beneficial in understanding the behavior of the human race. We will be discussing the key concepts of personality. Perspectives of Personality “Personality is
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Examining Government Regulations HSM 210 January 17‚ 2011 Examining Government Regulations Western Maine Community Action (WMCA) is operated under the direction of an elected and appointed Board of Directors. This Board of Directors not only has to adhere to the Bylaws of WMCA‚ but also to various rules and regulations set forth by state and federal government. These rules and regulations are required in order for WMCA to receive funding for the programs they offer to their clients
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Maximizing Profits in Market Structures Student Name XECO/212 Month Day‚ Year Instructor Name The three important market structures in economics are competitive markets‚ monopolies‚ and oligopolies. Each market plays a different role in the economy. Competitive markets are when no firm has the power to affect the market price of a good and “many buyers and sellers trading identical products so that each buyer and seller is a price taker”
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