Which of the following is supported by consideration?
A) written contract
B) gift promise
C) illusory promise
D) preexisting duty
A
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In September, Larson Inc. sold 45,000 units of its only product for $284,000, and incurred a total cost of $285,000, of which $29,000 were fixed costs. The flexible budget for September showed total sales of $360,000. Among variances of the period were: total variable cost flexible-budget variance, $8,500U; total flexible-budget variance, $71,000U; and, sales volume variance, in terms of contribution margin, $31,000U.
The total sales revenue in the master budget for September, to the nearest dollar, was:
Margo and Clarence Stilton have applied for An FHA/insured loan. The mortgage will be
a. backed by the full faith and credit of the U.S. Government. b. insured c. guaranteed by the federal government at no cost to the borrower. d. paid for by PMI premiums.