Define acceptance rule
Describe briefly the term acceptance rule?
Expert
The acceptance rule is the rule that is employed for the communication purpose and it is employed in unilateral contracts that makes an offer and will be accepted by some act. This rule as well verifies whether the agreement is from both sides or not. The offer might only be accepted if the offerer is the person for whom the offer is made. If the offer is admitted then the offer can be admitted with no any modification.
Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
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