Acontract does not exist for purposes of applying the revenue recognition principle in all of the following cases except for when: a. the seller believes it is not probable that it will collect the amount it's entitled to receive under the contractb. the seller and buyer did not sign a formalized written contractc. the seller and buyer can terminate the contract without penalty and neither has performed any obligations under the contract. d. the seller believes it is highly likely but not certain that the buyer will agree to the terms of the contract.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

To keep up with the demands of industrialization