True or False 1, All contracts must be in writing in order to be enforceable
2, Assuming there is a valid offer and acceptance, a promise to pay a nickel in exchange for a car would serve as consideration
3, Promissory estoppel means that there was a valid contract that the courts will enforce.
4, I'll sell you my car for $10,000 is most likely an example of an offer.
5, You hire an unlicensed plumber to do some handyman work in your house such as hanging pictures and mounting your big screen. Because the plumber is unlicensed, you are not required to pay him
6, The Mailbox Rule says that termination is effective when received
7, Common law has an exception to the battle of forms which allows for acceptance terms to differ from the offer
8, Even if you cannot meet all of the elements of a contract, in special circumstances, courts may still find that there was an enforceable agreement
9. A requirements contract requires the manufacturer to sell all that it produces to the buyer.
10, One person's joke can be deemed a valid offer if it looks like an offer to a reasonable person

Conner enterprises issued $120,000 of 10%, 5-year bonds with interest payable semi annually. determine the issue price of the bonds are priced to yield (a) 10%, (b) 8%, and (c) 12%. use financial calculator or excel to calculate answers. round answers to the nearest whole number.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.