1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anygoal [31]
3 years ago
8

Omkara, a furniture manufacturer, contracts with foam gnome for $50,000 worth of foam, which omkara will use for making ten sofa

s she has agreed to make for dukeâs furniture. a day before gnome is going to ship the foam to omkara, a flood destroys its entire inventory. gnome tells omkara it cannot send her the foam in time, but tells her that firmfoam can supply her with an identical shipment for $65,000. this increase in price will wipe out twenty percent of omkaraâs profit from her contract with dukeâs. omkara wants to get out of both contracts. can she
Business
1 answer:
snow_tiger [21]3 years ago
8 0
In this situation, it would be a breach of contract if G<span>nome would require </span>Omkara<span> to pay a higher price than the agreed price. They have already contracted the price and they both agreed to it. </span>Omkara<span> can enforce her right to the contract claiming that she will only pay the $50000 because it is what they have agreed upon.</span>
You might be interested in
ABC Company is considering investing in new production equipment at a cost of $60,000 with a 10-year useful life and no salvage
ikadub [295]

Answer:

a. Operating Income = Sales - Production Cost - Depreciation Expense

Operating Income = $100,000 - $82,600 - $6,000

Operating Income = $11,400

b. Average Investment = (Initial Equipment Cost + Residual Value) / 2

Average Investment = ($60,000 + $0) / 2

Average Investment = $60,000 / 2

Average Investment = $30,000

c. Accounting Rate of Return = (Operating Income / Average Investment) * 100

Accounting Rate of Return = ($11,400 / $30,000) * 100

Accounting Rate of Return = 0.38 * 100

Accounting Rate of Return = 38%

7 0
2 years ago
Ralph Lauren: Accounts receivable turnover and number of days' sales in receivables Ralph Lauren Corporation designs, markets, a
SVETLANKA909090 [29]

<em>MISSING INFORMATION:</em>

   concept                     //    Year 2     //     Year 1

Sales                                     7,620             7,450

Account Receivables             655                588

Answer:

Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61

Which is a bad sing as the company delays more to collect form their customers

Explanation:

Account Receivable turnover:

Average receivable:

(458 + 588 ) / 2  =  523

7,450 / 523 =   14.25

Days to collect: 365 / 14.25 = 25,61

Second Year:

Average receivable: (655 + 588) / 2 = 621.5

Turnover: 7,620 / 621.5 =  12.26

Days to collect: 365 / 12.26 = 29,77

29.77 - 25.61 = 4.16

6 0
3 years ago
Which of these is a common tax form in the United States? 40B 1001Z 1040Z All of the above
shusha [124]

Answer:

1040 Z is the correct answer

Explanation:

7 0
3 years ago
Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
Svet_ta [14]

Answer:

True

Explanation:

Coke tried to diversify into the bottling industry by acquiring their bottlers and in the process creating a vertically integrated business. However, 5 years later, they did find out how difficult it was and it led to a failed diversification effort when sold off their bottling operations. This was majorly due to the fact that the bottling business required too much capital investment and time. Capital investment and time that an already large enterprise like coca cola couldn't afford at that period. The initial aim was to have control over the whole production process, but soon after the diversification failed, they went back to producing just the concentrates.

7 0
3 years ago
Read 2 more answers
Accounting
kvv77 [185]

Answer:

I cannot see the picture

Explanation:

sorey

8 0
2 years ago
Other questions:
  • True or false: the price floor of $6 per pound of cheese reduces the total revenue of cheese producers.
    10·1 answer
  • In your lab report file, explain how you use the p09 control objectives to organize identified it risks, threats, and vulnerabil
    9·1 answer
  • The Boston Hotel
    5·1 answer
  • 20 points :)
    12·2 answers
  • On January 1, 2020, Carter Company makes the two following acquisitions. 1. Purchases land having a fair value of $200,000 by is
    14·1 answer
  • Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on rea
    14·1 answer
  • On a 100-acre farm, a farmer is able to produce 3,000 bushels of wheat when he hires 2 workers. He is able to produce 4,400 bush
    6·1 answer
  • What is the name for Americans who aim to reduce all government to a minimum and insist that government should protect public sa
    9·1 answer
  • The balance sheet value of a firm's inventory is $60,000. Suppose that the firm purchases supplies at a cost of $3,500 and adds
    15·1 answer
  • E
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!