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hjlf
2 years ago
11

Johnson Bakery agrees to supply Higgen’s Restaurant with all the bread that it requires for one year. When a shortage causes the

price of wheat to rise sharply, Johnson can continue supplying bread only at a much higher price. The parties agree to modify the contract so that the buyer will pay a higher price. The change is
a. enforceable as long a the parties voluntarily agreed to the modification.

b. uneforceable due to the preexisting duty rule

c. unenforceable because Johnson is taking advantage of a shortage to boost profits

d. unenforceable because a valid contract already exists
Business
1 answer:
Zielflug [23.3K]2 years ago
5 0

Answer:

The correct answer to the following question will be "Option A".

Explanation:

  • It is indeed a legally enforceable arrangement among two or even more, individuals, where it would be usually made up through one party, can make a bid, as well as the other party signaling approval. The parties 'agreements describe there rights & obligations.
  • The parties have agreed to amend the deal to make the seller charge a larger amount. The move is enforceable however soon as when the parties willingly consent to either the amendment.

The other solutions have no relation with the specified scenario. So choice A is the right solution to that.

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1,200,000 is the answer i think, depends 2 what it rounds 2 
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If you were using a simple exponential smoothing forecast model (alpha value equal to 0.30) that generated a forecast of 25.10 u
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2 years ago
XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual dr
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Answer: segmentation

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4 0
1 year ago
Oriole Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cos
Fynjy0 [20]

Answer:

$1.2 per mile

Explanation:

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Using this formula

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Let plug in the

Variable cost per mile= (14,721 - 13,503)/(8,510 - 7,495)

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6 0
1 year ago
Dodie Company completed its first year of operations on December 31. All of the year's entries have been recorded except for the
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Answer:

A. Dr Wages expense 4,000

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B. Dr Interest receivable 1,500

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Explanation:

Preparation of Journal entries

A. Based on the information given we were told that the company employees earned wages of the amount of $4,000, which will be paid on in January of next year which means that the Journal entry will be:

Dr Wages expense 4,000

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Dr Interest receivable 1,500

Cr Interest revenue 1,500

5 0
2 years ago
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