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loris [4]
2 years ago
14

You are the founder and CEO of Home Water Designs, Inc., a company that custom designs and builds expensive residential pools. Y

ou only use the best components, and receive all of your concrete for building pools from Jake, a concrete supplier. Jake has reliably delivered high quality concrete to you for nearly ten years. Jake has learned that your demand for concrete varies, and has customized his business to ensure response to your orders. In response to a wealthy client's quick demand for a new pool, you ask Jake for a fast delivery of 500 bags of concrete. Jake agrees to deliver, but due to a rare disruption in his own supplies, he is only able to deliver 400 bags on time. As a result, your wealthy client is disappointed with your work, and you suffer some damages. Your attorney informs you that you have a possible claim of breach of contract against Jake. Considering the legal and business implications, discuss whether you should declare a breach of contract claim against Jake seeking damages.
Business
1 answer:
Harrizon [31]2 years ago
7 0
No you shouldn’t because it was a rare breach it scarcely happens so you should because it doesn’t happen all the time
You might be interested in
Environmental recovery company RexChem Part- ners plans to finance a site reclamation project that will require a 4-year cleanup
kvv77 [185]

Complete question Text:

Environmental recovery company RexChem Partners plans to finance a site reclamation project that will require a 4-year cleanup period. The company will borrow $1.8 million now to finance the project. How much will the company have to receive in annual payments for 4 years, provided it will also receive a final lump sum payment after 4 years in the amount of $800,000? The MARR is 10% per year on its investment

Answer:

<em>We are going to receive annual payment of $395,471</em>

Explanation:

We solve for the present value of the lump-sum today:

PRESENT VALUE OF LUMP SUM

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  800,000.00

time   4.00

rate  0.1

\frac{800000}{(1 + 0.1)^{4} } = PV  

PV   546,410.76

Now, we deduct this fromthe 1,800,000 loan:

1,800,000 - 546,410.76 = 1,253,589.24

this value will be the amount the yearly installment will ghave to pay.

<u><em>Installment of a present annuity </em></u>

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  1,253,589.24 €

time 4

rate 0.1

1253589.24 \div \frac{1-(1+0.1)^{-4} }{0.1} = C\\

C  $ 395,470.805

8 0
2 years ago
How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could th
Tomtit [17]

Answer:

1. Owners of diminutive businesses located nearby.

As Wal-Mart offers comparatively low prices for the products, more and more customers will be magnetized to it and hence the minuscule businesses can lose their customers. But the overall business of the local area will increment as more people will come to buy in the Wal-Mart, after shopping in the Wal-Mart, they can stop for victualing street-aliment or do some street shopping or take some accommodations from street like shoe-polishing and all. Due to the Wal-Mart in the area, there will be demand for genuine estate as people will ask for the house near Wal-Mart.

2. Town denizens and denizens of nearby towns.

Town denizens will be ecstatic as they can find most of the things they optate under one roof. Due to this, they can preserve their time and mazuma. But there can be negative effects on environment, as so many trees are being cut to build a building and parking space. There can be incremented noise and air pollution due to the customers’ conveyances. Town denizens fear that there can be a sexual discrimination while giving employment and salaries.

Explanation:

Hope this helps

4 0
2 years ago
What suggestions do you have for Sabina about working with suppliers, and how would you address the sourcing issue from the Chin
SIZIF [17.4K]

The suppliers need to be informed well in advance that Lean implementation needs to take place at a date in the near future.Keeping in mind the lead time of the transistors and the inventory requirement the company should place the order for the transistor ahead of 2 months time span

Explanation:

1.<u> What suggestions do you have for Sabina about working with suppliers and how would you address the sourcing issue from the Chinese supplier based on Lean principles? </u>

The suppliers need to be informed well in advance that Lean implementation needs to take place at a date in the near future.Keeping in mind the lead time of the transistors and the inventory requirement the company should place the order for the transistor ahead of 2 months time span

<u>What should Sabina do about reorganizing the work environment? Should any layout changes be made and how do you think they should be implemented? </u>

The changes in the machinery setting is going to consume a lot of time .Sabina noticed that the layout design was based on the function rather the layout should be designed on the basis of the production flow and not on the functions.By adopting to lean six sigma these functions can be implemented

<u>How would you address the issue of equipment setup? How would you proceed? </u>

<u> </u>

By Implementing  Lean Six Sigma to identify the process that is leading to excessive  wastage and then we need to evaluate  the process of  plant loading  in a uniform manner.

<u>What other suggestions would you offer Sabina to improve the operation of this company? In what order should these changes be made? </u>

The  steps for a Lean Six Sigma needs to be adopted:

Step 1 – The values need to be defined jointly

Step 2 – An analysis  of the supply chain capabilities of the organization needs to be done.

Step 3 – Identification of the important financial and operational metrics

Step 4 – Understand the need for system improvement and then how it System needs  be executed

<u>Describe the organizational culture of Lean. How can Sabina promote this at Buckeye? </u>

All the  employees should be  involved(i.e the  suppliers, operations, and logistics. Also all the people need to be treated equally and with respect,.

 

8 0
2 years ago
Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most r
antiseptic1488 [7]

Answer:

$9,000

Explanation:

Calculation of the amount that Deb must include in her gross income

Total assets $264,000 -Remaining loans $255,000 =$9,000

Therefore the amount that Deb must include in her gross income would be $9,000. Hence a discharge of indebtedness will not be taxable in a situation where the taxpayer is insolvent before and after the debt might have been forgiveness and in a situation where the the discharge of indebtedness tend to makes the taxpayer solvent, the taxpayer will tend ro recognizes the taxable income to the extent of his solvency.

3 0
2 years ago
Arrow Company is a retailer that uses the perpetual inventory system.
PSYCHO15rus [73]

Answer:

a, Inventory cost under First in first out- FIFO = $ 4,628

b. Inventory cost under Last in First Out LIFO = $ 4,378

c. Inventory cost under Weighted average cost = $ 4,494

Explanation:

The data need to be summarised

                                                    Units      Per Unit Cost           Total value

       

August 1 Opening inventory          80                                           $ 1,600

August 5 Purchases                      100                                           $ 2,116

August 11 Purchases                      <u>200</u>                                         <u> $ 4,416</u>

Weighted average cost                  380           $ 21.4                   $  8,132

August 11 Sales                               <u>(170)</u>

Units in hand after Aug 11 sales    210        

Computation on inventory cost under FIFO method

Under FIFO method the cost of goods sold are considered from the opening inventory and the first purchases. The inventory on hand is from the last purchases.

The inventory on hand of 210 units, of which 200 units are from August 11 and 10 units from the purchases of August 5.

The average unit cost of Aug 11 purchases is $ 4,416/ 200 units = $ 22.08

The average unit cost of Aug 05 purchases is $ 2,116 /100 units = $ 21.16

200 units * $ 22.08   = $ 4,416.00

10 units * $ 21.16        = <u>$     211.60</u>

                                      $ 4627.60 say $ 4,628

Computation on inventory cost under LIFO method

Under LIFO method the cost of goods sold are considered from the last purchases and the inventory on hand is from the opening inventory and first purchases.

The inventory on hand of 210 units is as follows

Opening inventory                                      80 units                    $ 1,600

Purchases August 5                                   100 units                   $  2,116

Purchases August 11                                    30 [email protected] $22.08   <u>$      662.40</u>

Inventory under LIFO Method                                                    $ 4,378.40

Computation on inventory cost under Weighted Average method

The weighted average cost of inventory is 210 units * $ 21.40   = $ 4,494

3 0
2 years ago
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