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Dennis_Churaev [7]
2 years ago
11

Eagle Corporation solicited bids for various parts it uses in the manufacture of jet engines. Eagle received six offers and sele

cted the offer of Sky Corporation. The written contract specified a price for 100,000 units, delivery on June 1 at Sky's plant, with payment on July 1.On June 1, Sky had completed a 200,000 unit run of parts similar to those under contract for Eagle and various other customers. Sky had not identified the parts to specific contracts. When Eagle's truck arrived to pick up the parts on June 1, Sky refused to deliver claiming the contract price was too low. Eagle was unable to cover in a reasonable time. Its production lines were in danger of shutdown because the parts were not delivered.Eagle would probablyA. Have as its only remedy the right of replevin.B. Have the right of replevin only if Eagle tendered the purchase price on June 1.C. Have as its only remedy the right to recover dollar damages.D. Have the right to obtain specific performance.
Business
1 answer:
Anna71 [15]2 years ago
5 0

Answer:

The answer is: C) Have as its only remedy the right to recover dollar damages.

Explanation:

Since Sky breached its contract with Eagle, Eagle can sue Sky for money damages.  

They can not seek a writ of replevin since the 100,000 units included in the contract were not unique nor identified. They were part of a much larger production lot of 200,000 units intended for various customers.

They also can't seek to obtain specific performance due to the same reasons as before, the units were not specific nor identified and other customers also need them.

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Users at Universal Containers (UC) adhere to the following process for expense reports: Create the expense report. Attach receip
riadik2000 [5.3K]

Users at Universal Containers (UC) adhere to the following process for expense reports: Create the expense report. Attach receipts in an Expenses app. Send the report to the accountant to review and approve. An Administrator needs to enable this App for Salesforce Mobile.The Administrator consider the following from the User's perspective

<u>(D) Users can create list views, attach receipts as photos, and submit records for approval.</u>

Explanation:

The app users will not the get the permission to either edit or create a record they can only view the record .So the user can only create a list view of the record ,then it can attach the receipt as a photo an dwill submit the record for the further approval.

We need to know that in the other option mentioned the users can neither approve a record,or create a record

So the answer for the above mentioned question is <u>(D) Users can create list views, attach receipts as photos, and submit records for approval.</u>

8 0
2 years ago
Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The follow
Kitty [74]

Answer:

Material Cost per equivalent unit =$4.87

Explanation:

<em>First in First  out (FIFO)methods separates completed units into fully worked and opening inventory</em>

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For Bentley , fully worked units is

Fully worked = Newly introduced - closing work in progress

= 100,000- 24,000 =  76,000 .

Opening inventory = 16,000

Item                                          Units               Equivalent Units

Opening inventory                 16,000 × 40%=       9,600

Completed unit                      76,000 × 100% =     480,000

Closing inventory                   24,000 ×  90%   = <u> 21,600 </u>

Total equivalent units                                             107,200

Cost per equivalent unit = Total cost/ equivalent inits

=  54560 +468,000/ 107,200 = $4.87

Material Cost per equivalent unit =$4.87

5 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
On January 1, 2020, the Oriole Company had $2,990,000 of $10 par value common stock outstanding that was issued at par and Retai
amm1812

Answer:

Oriole Company

Journal Entries:

July 1:

Debit Cash Account $2,336,000

Credit Common Stock $1,460,000

Credit Paid-in In Excess of Common Stock $876,000

To record the issuance of 146,000 shares of common stock, par $10 at $16 per share.

December 15:

Debit Retained Earnings $445,000

Stock Dividends Payable $445,000

To record the declaration of a 10% stock dividend.

Explanation:

a) Stockholders of record on December 31, 2020:

Number of shares in issue at beginning 299,000

Number of shares issued on July 1          146,000

Total                                                          445,000

10% of 445,000 = 44,500 shares

b) Stock Dividends declared on December 15 will result to the issuance of 44,500 shares to stockholders.  To finance this stock dividend, the Retained Earnings account is debited while the Stock Dividends Payable is credited.  When the shares are issued on January 15, the Stock Dividends Payable (Distributable) will be debited and the Common Stock credited with the par value.  The market price of $17 does not affect the company's records.

8 0
2 years ago
Pam's Pet Palace is considering an investment in dog grooming equipment that would increase cash receipts by $12,000 annually. T
4vir4ik [10]

Answer:

The answer is: D) $32,835

Explanation:

The easiest way to calculate the present value of an investment is to use an excel spreadsheet and the present value function =NPV(discount rate, series of cash flow). The first nine cash flows equal 12,000 and the tenth cash flow equals 17,000.

After you calculate the present value in excel, you must subtract the investment amount to determine the net present value.

NPV = $82,837 - $50,000 = $32,837 (the answer varies by $2 probably because of rounding percentages)

3 0
2 years ago
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