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sergij07 [2.7K]
2 years ago
10

Ellen contracts to buy six cases of vintage Fertile Valley wine from Grapes & Vines Winery for $1,200. The contract states t

hat delivery is to be made at Ellen’s residence "on or before May 1, to be used for daughter's wedding reception on May 2." On May 1, Grapes & Vines’s delivery van is involved in an accident, no wine is delivered that day, and no one from Grapes & Vines tells Ellen. On the morning of May 2, Ellen buys the wine from Happy Hill Winery. That afternoon, just before the reception, Grapes & Vines tenders delivery of the wine at Ellen’s residence. Elin refuses tender. Grapes & Vines sues Elin for breach of contract. How is the court most likely to rule?
Business
1 answer:
Amiraneli [1.4K]2 years ago
5 0

Answer:

Explanation:

Since the delivery is being attempted after the date of the contract, it is Grapes & Vines breaching the contract. Grapes & Vines’s failure to deliver on May 1 and its failure to inform Ellen of the delays a material breach releasing her from any liability under the contract. The court will most likely rule that not only has Ellen not broken the contract, that Grapes & Vines must pay her court costs due to the frivolous nature of the lawsuit.

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Answer:

d. $34.87

Explanation:

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FCF0 = 1.32 (current accounting period)

FCF 1.32 + 30% = 1.716

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From here after we use the gordon model:

\frac{divends}{return-growth} = Intrinsic \: Value

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Value of the future cash flow 49,5495

Now, as this are in the future we must adjust using the present value of a lump sum:

\frac{1.716}{(1 + 0.09)^{1} } = PV  

PV   1.5743

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Total: 1.5743 + 1.5888 + 41.7048 = 44,8679‬

Now we adjust for shrot term investment and debt outstanding:

vresent value of the future cash flow 44,8679‬

short term investment:                          4.0000

debt outstanding                                <u>   (14.000)  </u>

Net:                                                        34.8679

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Answer: See explanation

Explanation:

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5 0
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Present Value of an Annuity of 1 Periods8%9% 10.926 0.917 0.909 21.783 1.759 1.736 32.577 2.531 2.487 A company has a minimum re
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On November​ 1, 2019, Alpha​ Omega, Inc. sold merchandise for $ 12 comma 000​, FOB​ destination, with payment​ terms, n/30. The
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Answer:

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Given data

sold  = $12000

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gross profit

solution

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Cost of goods = Cost of goods - ( Return amount × Cost of goods sold / sale  ) .....................1

Cost of goods = 3840 - ( 4800 × 3480/ 12000)

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