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Questions:
1. Read the attached case about a Pennsylvania golfer who saw a sign at a course advertising a prize of a new ca hole in one on that hole. As it turned out, the offer was for a tournament that had already ended but the signs h removed. Since the golfer was unaware of that fact, saw the offer, and he subsequently made a hole in one, the the car, reasoning the circumstances satisfied all the requirements for a valid offer and acceptance.
2. Read the short dissenting opinion, which argues that making a hole in one is a fortuitous matter of luck and not the "offer" and "performance" by the golfer in making the shot was simply a matter of chance, calculated to be 1 in therefore against Pennsylvania law prohibiting gambling and a (then) illegal act.
3. Who do you think was correct? Was it the majority or the dissent? Why?
What the budgeted gross profit for the month of October is? Of the total sales, 40% is on credit which the company collects in the month following the month
Record the transactions in the T accounts and provide the December 31 balance where appropriate. If required, round to one decimal place
In July, the company produced 78 refrigeration units and incurred 2,000 labor hours at a cost of $64,000. Calculate labor rate and labor efficiency variance
Why is it necessary to use comparative balance sheets, a current income statement, and certain transaction data in preparing a statement of cash flows?
Jessica Porter works in both the jewelry department and the hosiery department of a retail store.
Actual rental applications in August 2022 were 270. Phoenix paid $8,800 for 450 hours of professional labor. What is the total flexible budget variance
How would implementing a strong credit and collections process fix the low ratio and help to increase the company's profitability?
Goliath manufacturing plc must implement a manufacturing process that reduces the amount of toxic by-products. Two processes have been identified that provide the same amount of toxic product reduction. The first process would incur £205,000 in..
Using Exhibit 7-13 as a guide, prepare a quantitative comparison of the traditional and activity-based cost assignments. Explain why the traditional and activity-based cost assignmentsdiffer.
What is the sales volume variance and reconcile it with the production volume variance calculated in requirement2. What does each concept measure?
What is the appropriate weighted average cost of capital (WACC) Agility should use to discount Targets projected annual local currency cash flows
Swimkids variable costs are $18 per unit. Fixed costs are $88,900. Swimkids expects sales of $278,000 next year. What is Swimkids's margin of safety
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