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ryzh [129]
3 years ago
13

Phil contracted with Best Tech to purchase a , printer, and projector for his home office. The contract included a service warra

nty for two years. The total cost of the goods purchased was $5,000 and the service warranty was an additional $275. Under the UCC, how is this contract classified?
Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

Mixed contract

Explanation:

given data

contract service warranty =  2 years

total cost of the good purchased = $5,000

service warranty = $275

solution

Phil's contract with Best Tech here includes both goods and services for the purchase of goods and two years of service. Mixed contracts are contracts that combine both goods and services. Therefore, under the UCC, the agreement is classified as a mixed agreement. The primary purpose of the contract is to determine whether the combined agreement applies to the UCC or common law.

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Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $200,000 and
ioda

Answer:

$598,000

Explanation:

Calculation of the Cost of Land

Cash                                                                  $200,000

Note Payable                                                    $375,000

Legal fees                                                             $6,000

Delinquent taxes                                                  $4,100

Fees to Remove Old Building                           $15,500

Proceeds from Savages                                    ($2,600)

Total                                                                  $598,000

Therefore,

The cost of the land to be reported on the balance sheet is $598,000

8 0
3 years ago
Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital
Snowcat [4.5K]

Answer:

See below

Explanation:

Gaddis Advertising Services

Statement of owner's equity.

For the year ended, December 31, 20Y3

Zack Gaddis, capital January 1, 20Y3

$186,000

Additional investment

$9,300

Net income

$89,800

Withdrawals

($65,100)

Balance

$34,000

Zack Gaddis capital , December 31, 20Y3

$186,000 + $34,000

$220,000

3 0
3 years ago
PLEASE HELP AHHH! IM BAD AT BUSINESS ;-;
tankabanditka [31]

Answer:same

Explanation:

7 0
3 years ago
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What is a corporation?
Vilka [71]

Answer: I Honestly think the answers D.

Explanation:

3 0
3 years ago
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Petra, a plant manager, received an e-mail from the CEO stating that the company will now be focusing on customer service. The e
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Answer:

Petra,a plant manager ,received an e-mail from the CEO stating that the company will now be focusing on customer service.The e-mail also stated that all plant managers need to implement this policy and coordinate the activities related to this strategy for their lowest level mangers.Petra is a <u>middle level manager.</u>

<u>Explanation</u>: Middle level managers extract the information from top level managers who are above them and supervisors who are below them.They give data and facts back in the organisation.They act as a connecting link between top and lower level of management.

Middle level managers are responsible for making any changes needed in an organisation.They look after day to day routines and make sure everything is in accordance with the requirements of the concern.

Middle level managers  needs to have following skills:

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  3. They must have ability to delegate
  4. They must be capable of making strong decisions.

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3 years ago
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