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Otrada [13]
3 years ago
6

Rangle contracts with Siena to buy a certain horse for her. Rangle makes a deal with Timberline Stables, the owner of the horse,

and makes a down payment. Siena fails to pay the rest of the price. Timberline sues Rangle for breach of contract. His right to hold Siena liable for any damages that he has to pay is the right of​a-avoidance.b-cooperation.c-indemnification.d-reimbursement.
Business
1 answer:
Ann [662]3 years ago
6 0

Answer: indemnification

   

Explanation: The indemnification clause is essentially the other party's obligation to compensate your damages if they do something that hurts you or allows you to be sued by a third party.

Indemnifying and keeping innocent means the same thing — making it whole after a defeat. Usually, but not always, the obligation to indemnify is reconcilable with the contractual obligation to "keep harmless" or "save harmless.

Hence from the above we can conclude that Rangle has right of indemnification.

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Cranium, Inc., purchases term papers from an overseas supplier under a continuous review system. The average demand for a popula
kykrilka [37]

Answer:

B) greater than $30 but less than $40

  • the actual result is $39

Explanation:

the options are missing:

A) less than or equal to $30

B) greater than $30 but less than $40

C) greater than $40 but less than $50

D) greater than $50

we must first calculate safety stock = (Z-score x √lead time x standard deviation of demand) + (Z-score x standard deviation of lead time x average demand)

  • Z-score for 98% confidence level = 2.326
  • standard deviation of demand = 30
  • √lead time = √5 = 2.23607
  • we are not given any standard deviation of lead time, so we can assume that it is 0

safety stock = (2.326 x √2.23607 x 30) + (2.326 x 0 x 300) = 156.03 ≈ 156 units

the annual holding cost of 156 units = 156 x $0.25 = $39

4 0
3 years ago
Suppose you had information on the sales of similar homes just east and just west of the boundary between two school districts.
liraira [26]

Answer:

I would us the data by

Explanation:dividing the difference in the prices of similar homes between districts by the difference in test scores between districts

7 0
3 years ago
All the payroll information needed to prepare payroll and tax reports is found on
Kruka [31]

Answer:

c

Explanation:

7 0
3 years ago
There are more than 20 stores on a street in Sao Paulo that specialize in selling the same quality and brand of wheat products.
Pani-rosa [81]

Answer:

Pure competition

Explanation:

Pure competition is a market structure characterized by many competitors selling similar products. Due to the high competition, market forces dertermine prices. Pure competition is also referred to as perfect competition. The other features of pure competition include.

  1. There many buyers and many sellers who have access to market information
  2. There are barriers no entry and exit in the market
  3. Firms sell homogeneous products
  4. Firms cannot influence the market price. Firms are price takers.
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4 0
2 years ago
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below.
Margaret [11]

Answer:

Weller Corporation

Computation of the financial data for this year:

A. Earnings per share = Net Income/No. of outstanding shares

= $3,540,000/800,000

= $4.43

B. Price-earnings ratio = Market value of share / Earnings per share

= $18/$4.43

= 4.06 times

C. Dividend Payout Ratio = Dividend per share/Earnings per share

= $0.40/$4.43

= 0.09 = 9%

D. Dividend yield ratio = Dividend per share/Market price per share

= $0.40/$18

= 0.02 = 2%

E. Book value per share = Common Equity / No. of outstanding shares

= $34,880,000/800,000

= $43.60

Explanation:

a) Data and Calculations:

1. Weller Corporation Comparative Balance Sheet

(dollars in thousands)

                                                  This Year     Last Year

Assets

Current assets:

Cash                                             $ 1,280     $ 1,560

Accounts receivable, net             12,300        9,100

Inventory                                        9,700        8,200

Prepaid expenses                          1,800         2,100

Total current assets                    25,080     20,960

Long-term assets:

Property and equipment:

Land                                               6,000        6,000

Buildings and equipment, net     19,200      19,000

Total property and equipment   25,200     25,000

Total assets                              $ 50,280 $ 45,960

Liabilities and Stockholders' Equity Current liabilities:

Accounts payable                      $ 9,500    $ 8,300

Accrued liabilities                             600          700

Notes payable, short term               300          300

Total current liabilities                 10,400       9,300

Long-term liabilities:

Bonds payable                              5,000       5,000

Total liabilities                              15,400      14,300

Stockholders' equity:

Common stock                                800          800

Additional paid-in capital             4,200       4,200

Total paid-in capital                     5,000       5,000

Retained earnings                     29,880    26,660

Total stockholders' equity         34,880     31,660

Total liabilities and

stockholders' equity              $ 50,280 $ 45,960

2. Weller Corporation Comparative Income Statement

and Reconciliation (dollars in thousands)

                                                    This Year     Last Year

Sales                                            $ 79,000    $ 74,000

Cost of goods sold                        52,000       48,000

Gross margin                                  27,000       26,000

Selling and administrative expenses:

Selling expenses                              8,500        8,000

Administrative expenses               12,000        11,000

Total selling and administrative

expenses                                       20,500       19,000

Net operating income                     6,500         7,000

Interest expense                                600            600

Net income before taxes                5,900         6,400

Income taxes                                   2,360         2,560

Net income                                      3,540          3,840

Dividends to common stockholders 320            600

Net income added to  retained

earnings                                         3,220          3,240

Beginning retained earnings      26,660        23,420

Ending retained earnings        $ 29,880     $ 26,660

3. Other information:

a. Common stock, outstanding 800,000 shares

b. Interest rate on the bonds =12%.

c. Income tax rate was 40%

d. Dividend per share of common stock was $0.40

e. Market value of the company’s common stock at the end of the year was $18.

3 0
3 years ago
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