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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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The answer is  material math error.

An adjusting entry is essentially a bookkeeping modification that improves the accuracy of the financial statements by reflecting the revenue and spending on an accrual basis, which is typically but not always the case. At the conclusion of the accounting period, adjustments are made. This might happen towards the end of the month or at the end of the year.

Prior period adjustments are errors or mistakes committed in the prior reporting period. These mistakes must be remedied or eliminated by taking suitable corrective action. Prior period items include factual errors, arithmetic errors, and errors in applying accounting rules.

Therefore, material math error is the correct option.

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2 years ago
Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
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The correct answer is 842.1 Pesos and 941.18 Pesos.

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According to the scenario, the given data are as follows:

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3 years ago
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jonny [76]
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Explanation:

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