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Vladimir [108]
3 years ago
10

Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires

Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor.
Risk of loss passes to Outdoor when​:

A) Roasters delivers the goods to Speedy.
B) Roasters and Outdoor enter into their contract.
C) Speedy transports the goods to Outdoor.
D) Outdoor begins to use the grill.
Business
1 answer:
vekshin13 years ago
8 0

Answer:

A) Roasters delivers the goods to Speedy

Explanation:

Risk of loss under the law of contracts is used to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. This is normally used after the contract is formed but before buyer receives goods, something bad happens.

  1. The breaching rule applies risk of loss on the seller if at the time of delivery, the goods show up broken.
  2. Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations
  3. For a destination contract, then risk of loss is on the seller
  4. For a delivery contract, then risk of loss is on the seller
  5. if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods. If the buyer never takes possession, then the seller still has the risk of loss
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If the supply function for a commodity is p = q2 + 6q + 16 and the demand function is p = −7q2 + 2q + 436, find the equilibrium
adell [148]

Answer:

equilibrium quantity = 7

equilibrium price = 107

Explanation:

Data provided in the question:

supply function, p = q² + 6q + 16  ........(1)

demand function is p = −7q² + 2q + 436

Now at equilibrium

Demand = Supply

Thus,

q² + 6q + 16 = −7q² + 2q + 436

or

q² + 6q + 16 + 7q² - 2q - 436 = 0

or

8q² + 4q - 420 = 0

or

2q² + q - 105 = 0

on solving for the roots of q

using the Quadratic Formula where

a = 2, b = 1, and c = -105

[ x = \frac{ -b \pm \sqrt{b^2 - 4ac}}{ 2a }]

a = 2, b = 1, and c = -105

Thus,

[ q = \frac{ -1 \pm \sqrt{1^2 - 4(2)(-105)}}{ 2(2) }]

[ q = \frac{ -1 \pm \sqrt{1 - -840}}{ 4 }]

[ q = \frac{ -1 \pm \sqrt{841}}{ 4 }]

The discriminant ( b² - 4ac > 0)

so, there are two real roots.

Therefore,

q = [\frac{ -1 \pm 29}{ 4 }]

[ q = \frac{ 28 }{ 4 } \; \; \; q = -\frac{ 30 }{ 4 }]

[ q = 7 \; \; \; q = -\frac{ 15}{ 2 }]

since,

Quantity cannot be negative

Thus,

q = 7

therefore, substituting q in (1)

p = 7² + 6(7) + 16

or

p = 49 + 42 + 16

or

p = 107

4 0
3 years ago
"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to
Dennis_Churaev [7]

Answer:

B. coordination problem under central planning.

Explanation:

As the word coordination is defined as the course of time under which everything moves in synchronization, under this, every thing shall happen at the right time, with the right quality, at the right place.

This is what we call coordination.

Under central planning also the company and the management focuses that all things and processes are coordinated and accordingly all the acts are justified.

3 0
3 years ago
6. Consider an economy described by the following equations:
kiruha [24]

Answer:

(a) Private saving = Y-T-C

Private saving = 5000-1000-250-0.75(5000-1000)

Private saving = 750

Public saving = T - G

Public saving = 1000-1000

Public saving = 0

National saving = S = private saving+ public saving

National saving = 750

(B)  Equilibrium interest rate = S + I

750 = 1000 - 50r

-50r = 750 - 1000

-50r = -250

50r = 250

r = 250/50

r = 5%

(c) Private saving is unchanged

Public saving = 1000 - 1250

Public saving = - 250

(d) The new equilibrium interest rate

750 (-250) = 1000-50r

500 = 1000 - 50r

- 50r = 500 - 1000

- 50r = -500

-50r = 500

r = 500/50

r = 10%

7 0
3 years ago
Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong f
lesya [120]

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.

4 0
3 years ago
When creditors, managers, and investors look at expenses as a percentage of revenue, they are __________.
sineoko [7]

Answer:

Doing a financial statement analysis.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.

Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.

7 0
3 years ago
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