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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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Answer:

D) contingency view.

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Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of
Olegator [25]

Answer:

$360,308

Explanation:

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Amiraneli [1.4K]
Umm can someone answer this please because i need help on this as well
7 0
3 years ago
Swanson company has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports ge
MA_775_DIABLO [31]
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear

Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
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This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
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4 years ago
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