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arlik [135]
3 years ago
5

Inez has a specific set of plans to build a sailboat. the plans are detailed in nature, and any boat builder can build the boat.

inez secures bids, and the low bid is made by the whale of a boat corp. inez contracts with whale to build the boat for $4,000. whale then receives unexpected business from elsewhere. to meet the delivery date in the contract with inez, whale delegates its obligation to build the boat, without inez's consent, to quick brothers, a reputable boat builder. when the boat is ready for delivery, inez learns of the delegation and refuses to accept delivery, even though the boat is built to specifications. discuss fully whether inez is obligated to accept and pay for the boat. would your answer be any different if inez had not had a specific set of plans but had instead contracted with whale to design and build a sailboat for $4,000? explain.
Business
1 answer:
navik [9.2K]3 years ago
7 0
<span>Inez is still obligated to accept delivery of the boat because it is still the boat that she contracted out and built to the specifications that she requested. Just because it was contracted out to another company doesn't mean that she didn't get what she wanted for the price she wanted. If she didn't have a specific design then she might have an argument, however she did and it was built to that design specs.</span>
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Given the following information, analyze XYZ Company's liquidity. Year 2013 Total quick assets $30,000 Total current assets $40,
kogti [31]

Answer:

  • A. They are more liquid than others in their industry.
  • C. They have sufficient quick assets to pay off short-term debt if needed.

Explanation:

The Acid-test and current ratios are used to measure the liquidity of a company with higher figures meaning more liquidity. XYZ Company has a both a higher acid-test and current ratio so they are more liquid than others in their industry.

The Acid-test and current ratio also enable one to find out if a company is able to pay off its current obligations/ liabilities using current assets. With the acid-test ratio being above one, XYZ is able to pay off short-term debt using quick assets.

6 0
3 years ago
Which of the following best describes equilibrium?
QveST [7]

Answer:

C. A situation where no economic agent would benefit by changing his or her behavior

Explanation:

An economic equilibrium is when the agents are optimizing their decisions and opposing market forces are equal. This point allows the economic agents to maximize their utility and any change from this point will cause all agents to move away from potential maximum benefits.

In a natural equilibrium there is usually no government intervention so option A is false. Option B gives only one agent potential benefits and as such there is no equilibrium. Option D is conditional and may or may not happen as when the agents find missing information they would optimize again and move to an equilibrium.

Hope that helps.

3 0
3 years ago
Problem 2-15 (Algorithmic) Life Insurance (LO 2.8) Sharon transfers to Russ a life insurance policy with a cash surrender value
skelet666 [1.2K]

Answer:

$38,440

Explanation:

Calculation to determine How much of the proceeds, if any, is taxable to Russ

Face value of policy $74,400

Less: Cash Surrender value ($24,800)

Less: Premium paid ($11,160)

Taxable Proceeds $38,440

Therefore the taxable Proceeds are $38,440.

6 0
3 years ago
A firm has an opportunity to invest $95,000 today that will yield $109,250 in one year. If interest rates are 4%, what is the ne
Goryan [66]

Answer:

The net present value (NPV) of this investment is C) $10,048

Explanation:

Net present value (NPV) is the value of the future cash flows over the entire life of an investment discounted to the present.

The firm  invests $95,000 today that will yield $109,250 in one year. The interest rates of the investment are 4%. The net present value (NPV) of this investment:

NPV = $109,250/(1+4%) - $95,000 = $10,048

​

3 0
3 years ago
Scenario 5 Guemmer Specialty Foods can produce their famous cherry pies at a rate of 1650 cases per day (this is the daily produ
Arturiano [62]

Answer:

c) Annual set up cost= $9878.04

Explanation:

<em>Economic batch quantity (EBQ) is also known as economic production run, It is the optimum production run that a manufacturer should operate to minimize set up cost and carrying cost. </em>

<em>Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production</em>

Annual inventory cost = = Set up cost per  run×   Annul demand / EBQ

<em>Annual demand / the economic production run(EBQ)</em>

It is calculated as follows:

Economic batch quantity =√2× Co× D / Ch(1-D/P)

Where ,

D - annual demand - 62,500

Ch -holding cost per unit per annum - $11.50

Co- set up cost - $320

Production rate  = 1650 units per day  × 250 days =412,500 units

<em>Economic batch quantity</em>

= √(2× 320× 62,500) / (11.50× (1- 62500/412500) )

=2024.69 units

<em>Annual set up cost</em>

= Set up cost per run ×   Annul demand / EBQ

= $320×  62,500/2024.69

Annual set up cost= $9878.04

6 0
3 years ago
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