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Oxana [17]
1 year ago
10

Carpet Woes. Beau went shopping at ABC Carpet. He saw some carpet he liked but could not make up his mind. The manager at ABC Ca

rpet wrote down the proposed purchase price for him along with a statement that the price would be good for three months. Two months later Beau went back to ABC Carpet to purchase the carpet. Unfortunately, the price had gone up. Beau showed the manager his writing and guaranteed price, but the manager said that the offer was no longer good. Although he had to pay more than the ABC manager had initially promised, Beau proceeded to purchase his carpet from ABC Carpet, and he also contracted with ABC to do the installation. Unfortunately, Beau almost immediately started to have problems with the carpet. Beau told the sales manager of ABC Carpet that he was planning on bringing suit for breach of warranty. The sales manager, however, told him that the breach of warranty provisions only applied to sales of goods and that the carpet purchase was for installation, a service. Which of the following is true regarding the enforceability of the offer made by the manager at ABC Carpet?
a. Common law will be applied, not the UCC, because the contract was mixed.
b. The UCC will be applied, not common law because the contract was mixed.
c. The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.
d. The court will apply the service-warranty test to determine whether the predominant purpose of the contract was the provision of a service in which case the UCC would apply.
Business
1 answer:
ella [17]1 year ago
4 0

Answer: The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

Explanation:

Based on the information given in the question, we should note that the court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

We should note that under a predominant purpose test, it will apply when the transaction involved is Mena for goods sales and not for the service sales.

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Answer:

The GDP will increase by $2,000 as a result of these transactions

Explanation:

When trying to calculate the increase in GDP caused by a series of transactions, we do not add all the transactions, instead we look at the price of the final good and that is the increase in GDP. In this case the final good is the necklace that the store department sells for $2,000 therefore we will only consider the final transaction. So the GDP will increase by $2,000 as a result of this series of transactions because the final good sold for $2,000.

4 0
1 year ago
Yancey Productions is a film studio that uses a job-order costing system. The company’s direct materials consist of items such a
blondinia [14]

Answer:

$0.67 per direct labor-dollar

Explanation:

Given that,

Direct labor-dollars to support all productions = $8,370,000

Fixed overhead cost = $5,022,000

Variable overhead cost per direct labor-dollar = $0.07

Predetermined overhead rate:

= Variable\ overhead\ cost\ per\ DL\ dollar+\frac{Fixed\ overhead\ cost}{Direct\ labor-dollars}

=0.07+\frac{5,022,000}{8,370,000}

      = 0.07 + 0.6

      = $0.67 per direct labor-dollar

8 0
1 year ago
Adam owns a software development company. he and his team developed and licensed new software that could help many organizations
Galina-37 [17]

The correct answer is royalty. Royalty is considered to be a payment by which is made by one by which the franchisee or the licensee owns the asset in particular and that it is for the right of having to do an outgoing use of the asset.

3 0
2 years ago
Read 2 more answers
Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
almond37 [142]

Answer:

The factory overhead allocated per unit of Blinks is b.$19.50

Explanation:

It is Important to note that  Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours.

A plant Wide Overhead rate is a function of the Total Overheads of a Company divided by the Total Labor Hours in the Company

<u>Total Overheads:</u>

Fabrication Department  $84,000

Assembly Department     $72,000

Total                                 $156,000

<u>Total Labor Hours :</u>

Fabrication Department                                             0

Assembly Department ( 1,000 × 4) + (2,000×2)     8,000

Total                                                                          8,000

Note :  <em>labor hours take place only in the Assembly Department</em>

<u>Plantwide overhead rate :</u>

Plantwide overhead rate = Total Overheads / Total Labor Hours

                                           =  $156,000 / 8,000

                                           =  $ 19.50

7 0
1 year ago
Read 2 more answers
Which of the following is most likely to be considered a profit center?
likoan [24]

Answer:

A. The grocery department of a Walmart Supercenter or Target Superstore

Explanation:

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  • The profits and losses for that center are calculated separately. Examples of profit centers include the store, sales organization, or consulting organization.
3 0
2 years ago
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