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sp2606 [1]
3 years ago
6

On Monday, Merlin buys a tablet for $500 from a Pads & Pods store. On Tuesday, he returns to the store and buys a GPS device

for $200. On Wednesday, he downloads $100 worth of tunes from singsong. To be enforceable as a contract, a writing is required for the purchase of
Business
1 answer:
Tamiku [17]3 years ago
6 0

Answer:

Tablet only.

Explanation:

As Given Merlin have bought tablet for $500, he return it and buy GPS device for $200 and downloaded tunes for $100.

Most of commercial agreement is unwritten and many contract does not require to be in writing, however, uniform commercial code (UCC) have made certain exception for which written contract is required.

Under uniform commercial code (UCC), certain contract for sales of goods Article 2 must be in writing.

All the sales of goods worth $500 and more must have contract in writing and must be signed by the party against which enforcement is sought. It is valid even if the contract is not written in detail, it is enforceable.

Therefore, only purchase of Tablet must have contract in writing as it is worth $500.

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Expected quarterly unit sales for tents at Sandy’s Camping Gear are 7,500, 8,800, 3,200, and 2,900 for the next 2 years. At the
tresset_1 [31]

Answer:

Q1= 9,510

Q2= 7,680

Q3= 3,140

Q4= 3,820

Explanation:

Giving the following information:

Expected quarterly unit sales for tents at Sandy’s Camping Gear are 7,500, 8,800, 3,200, and 2,900.

At the start of the current year, the inventory of finished tents on hand is 750 tents. The desired ending inventory of 20 percent of next quarter’s sales.

The production budget for each month has the following structure:

Production budget= sales + ending inventory - beginning inventory

Q1= 7,500 + (8,800*0.20) - 750= 9,510

Q2= 8,800 + (3,200*0.20) - 1,760= 7,680

Q3= 3,200 + (2,900*0.20) - 640= 3,140

Q4= 2,900 + (7,500*0.20) - 580= 3,820

6 0
3 years ago
La Tortilla is the only producer of tortillas in Santa Teresa. The firm produces 10,000 tortillas each day and has the capacity
Westkost [7]

Answer: B

Explanation:

I THINK DONT BE MAD IF ITS NOT

4 0
3 years ago
The growth of industry is related to the growth of immigration in the late 19th century because:
Hatshy [7]

Answer:

Mark me as brain list

Explanation:

The researchers believe the late 19th and early 20th century immigrants stimulated growth because they were complementary to the needs of local economies at that time. Low-skilled newcomers were supplied labor for industrialization, and higher-skilled arrivals helped spur innovations in agriculture and manufacturing.

8 0
2 years ago
Copies Plus Print operates a copy business at two different locations. Copies Plus Print has one support department that is resp
Vika [28.1K]

Answer:

a. $24,000

Explanation:

60,000 fixed cost which, are allocated in the base of expected copies:

total expected copies: 600,000 + 400,000 = 1,000,000

Copy Center 2 represent 400,000 / 1,000,000 = 40% of the total copies volume for the period

Therefore from the 60,000 fixed cost the 40% was applied.

60,000 x 40 % = 24,000

7 0
3 years ago
On January 1, 2020, the balance sheet of Naperville Company (a sole proprietorship) was as follows.
guapka [62]

Answer:

Explanation:

From the information povided:

(a) To compute the amount of goodwill paid by Chicago Corporation

Particulars                                            Amount ($)

Accounts Receivable                           100000

Inventory                                               170000

Plant & Equipment                               400000

Land                                                        90000

Customer List                                            4000

Trade Names                                          <u> 16000</u>

     NET ASSETS  (A)                             <u>780000</u>

<u />

Current liabilities                                     76000

Non-current liabilities                            <u>160000 </u>

      NET LIABILITIES (B)                        <u> 236000</u>

∴

PURCHASE  CONSIDERATION (A -B)   544000

<u>Less:</u>  Cash Paid                                    <u>  580000</u>

          GODWILL                                    <u>    36000 </u>

<u />

b)

In the books of Chicago Corporation, the Journal Entry to record the purchase of Naperville Company.

Account Name                                       Dr.                      Cr.

Accounts Receivable A/C                  100000

Inventory A/C                                       170000

Plant Equipment  A/C                          400000

Land A/C                                                 90000

Customer List A/C                                    4000

Trade Names A/C                                   16000

Goodwill A/C                                           36000

Current liabilities A/C                                                       76000

Non-Current Liabilities A/C                                             160000

Cash A/C                                                                          580000

c)

The minimum required amount of goodwill that Chicago can amortize by the end of 2020 is $3600.This is because the amortization can take place for a period of 10 years.

<u />

8 0
3 years ago
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