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The Tri-Cities Airport Authority contracted with Star Construction Company for the construction of a new terminal. Although the normal construction time for such a project was 18 months, Star completed the terminal in a record 11 months from the date of contract formation.
Problem 1. Was this contract under the Statute of Frauds so a writing was required for enforcement?
Problem 2. Is either the normal construction time or the actual construction time relevant to this determination?
Problem 3. At the time of contract formation, was there any possibility that the performance could be completed within one year from the date of contract formation?
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Bart has suggested raising the price of the burgers $0.25. He is convinced that sales would only drop 5% (units). Should they raise the price of their burgers?
Solve total product cost for last month and Unit product cost for last month and Operating income for last month for the amounts
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Make a schedule of cost of goods manufactured in good form. Using data from your answers above as needed, make an income statement in good form
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