Que is a renowned grill-master. Trend, is a popular restaurant that is hiring a grill-master. Que and Trend's Owner, Selena, have had extensive conversations regarding Que coming to work at Trend.

On May 1, a week after those conversations started, Que sent Trend a signed letter dated May 1 stating, "I will work for Trend as a head grill-master for two years for an annual salary of $100,000." On the morning of May 3, Selena telephoned Que and said, "The $100,000 is really high. Would you accept an annual salary of $80,000 a year?" Que replied: "I am a renowned grill-master. I will not work for any less."

On May 4, Selena sent Que a signed letter by regular mail stating: "You know, I've had your ribs and wings. They are delicious. You deserve an annual salary of $100,000 for two years. We'd love to have you join our team at Trend at $100,000 for two years."

Later that afternoon, Que telephoned Selena and left a voice message where he said: "I really love your restaurant. I think that I was a little harsh last time we spoke. I'll work for Trend for an annual salary of $80,000 for two years."

On May 5, Selena received Que's voicemail and immediately telephone Que. Selena said, "I just got your voicemail! We're so glad you had a change of heart! Would you be able to start on May 7?" Que replied: "I can't wait to get started. I'll see you then!"

On May 6, Que received the letter that Selena sent on May 4.

Part 1 : Using contract concepts discussed in this unit, what is Que's May 1st letter stating, "I will work for Trend as a head grill-master for two years for an annual salary of $100,000."? Explain your answer.

Part 2 : Using contract concepts discussed in this unit, what is Selena's May 3rd statement, "The $100,000 is really high. Would you accept an annual salary of $80,000 a year?"? Explain your answer.

Part 3 : Based on the events from May 1 through May 3, using the contract terms we focused on in this Unit, explain if there is a contract and all of the steps that have occurred in the negotiation up until May 3. Be specific and use the known facts up until May 3.

Part 2 : Beginning with the events after May 3rd, and using IRAC to organize your answer, analyze whether a contract was formed between Que and Trend. In your analysis be sure to identify the moment the offer is made, the moment the offer is accepted, and the consideration. Be specific and utilize the facts. If you believe a contract was formed, be sure to discuss Que's salary. (a) : What is the ISSUE? (b) : What is the RULE that will be used to resolve the issue? State the entire rule. (c) : Using the rule and the facts, ANALYZE the facts with the rule to resolve the issue. Be sure to present the best cases for both parties in this case. (d) : What is the CONCLUSION of the issue in this case.

Question Completion Status: the Finished Goods inventory account. QUESTION 50 Given total fixed costs are $15,000 for the period and variable costs are $5 per unit, what is the total cost at an activity level of 8,000 units? $15,000. O $55,000. $40,000. $23,000.Question 7 of 9 Cash flow differs from net income because of -Select- . Depr -Select- net income." -Select- depreciation dividends Question 8 of 9 When using a timeline to estimate value over time, the end of the timeline rep which of the following? the liquidation or sale of the investment cash flows to sustain the investment the investor making a paymentCash Office Furnishings Notes Payable Land Recording Equipment Accounts Payable Buildings Capital Stock (B.) Prepare a trial balance at May 31 by completing the form provided. SOUNDS, INC. Trial Balance May 31, 20 Debit CreditQUESTION 7 The type of financing that represents a financial obligation is called QUESTION 8 The Golden Rule of Selling refers to the sales philosophy of unselfishly treating others as you would like to be treated. True False QUESTION 9 The type of financing that represents an ownership interest is called QUESTION 10 The type of research that involves interactions with live potential customers is called QUESTION 11 During the evaluation phase of the consulting process, the delivery company decides whether the engagement is aligned with its core competencies. True False QUESTION 12 Refer to the costs of buildings and machinery True False QUESTION 13 In the consulting world, scope refers to O) all aspects of the consulting engagement The profit margin of the client's chief competitor the marketing budget @) personnel decisionsJustin Bleeber has prepared the following list of statements about managerial accounting, financial accounting, and the functions of management. Identify each statement as true or false. 1. Financial accounting focuses on providing information to internal users. 2. Staff positions are directly involved in the company's primary revenue-generating activities. 3. Preparation of budgets is part of financial accounting. 4. Managerial accounting applies only to merchandising and manufacturing companies. 5. Both managerial accounting and financial accounting deal with many of the same economic events. 6. Managerial accounting reports are prepared only quarterly and annually. 7. Financial accounting reports are general-purpose reports. 8. Managerial accounting reports pertain to subunits of the business. 9. Managerial accounting reports must comply with generally accepted accounting principles. 10. The company treasurer reports directly to the vice president of operations. eTextbook and Media