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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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Seven years ago, Goodwynn &amp; Wolf Incorporated sold a 20-year bond issue with a 14% annual coupon rate and a 9% call premium.
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Answer:

14.82%

Explanation:

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the easiest way to determine the realized rate of return is to use a financial calculator or excel spreadsheet, and calculate the IRR: 14.82%

the cash flows are:

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5 0
3 years ago
Al Dente Pasta Company overstated its inventory by $10 million at the end of 2021. The discovery of this error during 2022, befo
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Answer:

Retained earnings would be debited and inventory would be credited for $10 million each.

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This also gives an understatement of the retained earnings of the company.

Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.

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The McMillan Development Corporation is in the preliminary stages of building a commercial office development. They have receive
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4 0
3 years ago
A jet ski that previously sold for $5,599.99 has been reduced to $3,863.99. What is the markdown percent? (Round your answer to
tangare [24]

Answer:

31%

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