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balandron [24]
3 years ago
10

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

wn 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. What kind of offer did the manager at ABC Carpet make to Beau?
Business
1 answer:
weeeeeb [17]3 years ago
8 0

Answer:

A firm offer.

Explanation:

A firm offer is an irrevocable, written and signed offer that will remain open for a specific period of time or occurrence of a certain event, during which the specified goods or services can not be revoked.

It is normally considered to be open for 30 days after its presentation, if no date is specified.

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A change in Accounting Method would be necessary because of which of the following circumstances?
charle [14.2K]

Answer:

b) A decrease in ownership percentage from 25% to 15%

Explanation:

There is change in accounting method when the shareholding is 20% or more.

Under Consolidation there are two methods:

Equity method: This is used when the shareholding is 20% or more, and there is significant influence. Under this method all the assets and liabilities are accumulated in the consolidated balance sheet.

Proportional Consolidation method: This is generally used when the shareholding is merely shown as an investment, and the balances of assets and liabilities are not accumulated.

Thus, there is a change in method of accounting when the shareholding is more than 20%. This is in case b as change is from 25% to 15% and thus, it will change from equity method to proportional consolidation method.

5 0
3 years ago
A production department in a process manufacturing system completed its work on 84,000 units of product and transferred them to
daser333 [38]

Answer:

FIFO method equivalent units are obtained by adding the beginning WIP and units started and deducting the ending WIP.

The equivalent units under each of the three assumptions are

Materials Conversion <u>67,800           67,800</u>

Materials Conversion<u>56730           56730</u>

Materials Conversion <u>69060           69060</u>

Explanation:

<u>Assumption 1 : </u>all materials are added at the beginning of the process and conversion is 100% complete

<u>Particulars    Units          % of Completion             Equivalent Units</u>

<u>                                      Materials  Conversion        Materials  Conversion </u>

BWIP       25,200       100              100                   25,200       25,200

Add

Units Started 58,800                                            58,800         58,800

Less

Units Completed

<u>                    16,200                                               16,200            16,200</u>

<u>Equivalent Units                                                   67,800           67,800</u>

<u />

<u>Assumption 2:</u>

Beginning Inventory is 40% complete as to materials and conversions and ending inventory is complete 75 %as to materials and conversions.

<u>Particulars    Units          % of Completion             Equivalent Units</u>

<u>                                      Materials  Conversion        Materials  Conversion </u>

BWIP       25,200        40              40                   10,080       10,080

Add

Units Started 58,800                                             58,800         58,800

Less

Units Completed

<u>                    16,200       75                  75               12150            12150</u>

<u>Equivalent Units                                                   56730           56730</u>

<u />

<u>Assumption 3:</u>

Beginning Inventory is 60% complete as to materials and conversions and ending inventory is complete 30 %as to materials and conversions.

<u>Particulars    Units          % of Completion             Equivalent Units</u>

<u>                                      Materials  Conversion        Materials  Conversion </u>

BWIP       25,200        60              60                   15,120       15,120

Add

Units Started 58,800                                             58,800         58,800

Less

Units Completed

<u>                    16,200       30                  30               4860            4860</u>

<u>Equivalent Units                                                   69060           69060</u>

<u />

FIFO method equivalent units are obtained by adding the beginning WIP and units started and deducting the ending WIP.

3 0
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igomit [66]

Answer: a. environmental

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By using renewable resources like rainwater and solar panels as well as ensuring proper use of pesticides, the company is protecting the water supply as well as organisms that are harmed by pesticides added to reducing electricity demand. These actions will contribute to environmental sustainability.

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Would you rather become a firefighter or a police officer?
Butoxors [25]
Firefighter in my personal opinion
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lianna [129]

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