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ira [324]
3 years ago
10

If the agreement between Elijah and the Canadian buyer was never written down, could Elijah be liable to the Canadian buyer for

a breach of contract (assume the total value of the contract was over $100,000)?
A. Yes, because the CISG does not have a Statute of Frauds requirement.
B. No, because the Statute of Frauds requires all contracts for the sale of goods over $500 to be evidenced in writing to be enforceable.
C. Yes, unless the course of dealing between the parties shows that contracts were always memorialized.
D. No, because international agreements in excess of $5,000 must be written down and include material terms.
Business
1 answer:
musickatia [10]3 years ago
6 0

Answer: Yes, because the CISG does not have a Statute of Frauds requirement.

Explanation:

The CISG is an for Contracts for International Sale of Goods. The CISG is also called the Vienna Convention. The main purpose is to provide a fair, modern and uniform regime for the contract involved in the international sale of goods.

It should be noted that the CISG does not have a parol evidence or a statute of frauds. The statute of frauds means when certain kinds of contracts need to be written down and signed by the required parties as evidence.

In this case, Elijah will still be liable to the Canadian buyer for a breach of contract because the CISG does not have a Statute of Frauds requirement.

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Components of the master budget are the operating budget, the capital expenditures budget, and the financial budget. Group of an
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Answer: True

Explanation:

A master budget refers to the lower-level budgets that is within an organization, and the financial plan, the cash flow forecasts, and the budgeted financial statements.

The master budget consists of three main components which are the operating budget, financial budget and the capital expenditures budget.

Therefore, the statement is true.

5 0
3 years ago
Determine the value of z.
TiliK225 [7]

Explanation:

Let angle y be the unknown angle inside the triangle.

given

y + 87 + 34 = 180 (sum of angles in a triangle)

y + 87 + 34 = 180 \\ y + 121 = 180 \\ y = 180 - 121 \\  = 59

given y + z = 180 (angles on same straight line)

y + z = 180 \\ 59 + z = 180 \\ z = 180 - 59 \\  = 121

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3 years ago
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Sandhill Company deducts insurance expense of $234000 for tax purposes in 2021, but the expense is not yet recognized for accoun
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Answer:

$242,800

Explanation:

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2021 Insurance Expense $234,000          0                       $234,000

This insurance expense will result in taxable temporary difference=$234,000*20%=$46,800

The journal entry will be;

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Therefore Income tax expense will be=$196,000+$46,800=$242,800

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"cost of common stock equity: capm j&m corporation common stock has a beta, b, of 1.2. the risk-free rate is 6%, and the mar
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a. Risk Premium on J & M common stock = Return on Market - Risk Free Rate

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Risk Premium on J & M common stock = 5%

b. Required Return = Rf + Beta * (RM - RF)

= 6% + 1.2*5%

= 6% + 6%

= 12%

So the required rate of return is 12% which should be atleast provided by J & M common stock.

c. J & M cost of common stock equity is the same as b that equals to 12%.

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4 years ago
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