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poizon [28]
3 years ago
5

Tune Products, Inc. offers to sell to United MP3 Sales Co. one hundred MP3 players at $50.00 a piece, subject to certain deliver

y dates. Unlimited replies with a signed purchase order that reads, "Accept your offer for 100 MP3 players at $50.00 each. Items must be delivered to our warehouse in San Antonio." Tune Products does not respond or deliver the goods. Unlimited files a lawsuit for breach of contract, to which Tune Products answers that there is no contract because Unlimited's purchase order contained additional terms and is not signed by Tune Products. Question: Can Unlimited recover for breach of contract here?
Business
2 answers:
Harman [31]3 years ago
6 0

Answer: Offer and acceptance.

Explanation:

Vikki [24]3 years ago
3 0

Answer:

The answer is No, Unlimited can not recover for breach of contract here.

Explanation:

To start with answering this question, let us define what recover for breach of contract is:

This can be defined or refers to any form of remedy or compensation given to the party affected or not affected by a breach of contract that is legally binding between itself and other parties. recover for breach of contract can come in form of  monitory award of damages, restitution and are mostly granted in a court of law.

Going back and by the narrative of the question, Unlimited can not recover or in order word can not get any remedies for breach of contract in this case.

It should be noted that Tune Products. Inc did not respond nor did they sign any form of legal binding document from Unlimited which has clearly shown that there is no proof of contract as such unlimited does not have any legal backing to recover for any form of breach of contract or ground to sue Tune Products. Inc to a court of law..

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kodGreya [7K]

a list of potential customers for your new product would be created using accounting

5 0
2 years ago
On January 1, 2016, Hackman Corporation issued $1,400,000 face value 12% bonds dated January 1, 2016, for $1,423,060. The bonds
krok68 [10]

Answer:

(a) Bond issuance:

Debit Cash                                                           $1,423,060

Credit Bonds payable                                         $1,400,000

Credit Premium on bond payable                          $23,060

<em>(To record bond issuance)</em>

(b) June 20 interest payment

Debit Interest expense (balancing figure)              $81,694

Debit Premium on bond payable                             $2,306

Credit Cash                                                             $84,000

<em>(To record first interest payment - June 30)</em>

(c) December 31  interest payment

Debit Interest expense (balancing figure)             $81,694

Debit Premium on bond payable                           $2,306

Credit Cash                                                            $84,000

<em>(To record first interest payment - December 31 )</em>

Explanation:

A bond is a long-term promissory note issued by a company in order to borrow from investors to fund its business operations.

Calculation of the interest expense:

Premium on bonds payable (balancing figure) = $23,060

Number of periods = 5 years x 2 = 10 periods

Amortization of premium on bond payable = $23,060 / 10 periods = $2,306

Calculation of the cash proceed:

Cash = Face value of bond x contractual interest x Time period

Cash = $1,400,000 x 12% x 6 / 12 = $84,000 (see the journals above)

4 0
4 years ago
NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.5
konstantin123 [22]

Answer:

The current stock price is $13.60

Explanation:

D1 = $0.53

D2 = $0.58

D3 = $0.73

D4 = $1.03

Growth rate, g = 3.60%

Required return, r = 10.00%

D5 = D4 * (1 + g)

D5 = $1.03 * 1.036

D5 = $1.06708

P4 = D5 / (r - g)

P4 = $1.06708 / (0.10 - 0.036)

P4 = $16.673125

P0 = $0.53/1.10 + $0.58/1.10^2 + $0.73/1.10^3 + $1.03/1.10^4 + $16.673125/1.10^4

P0 = $13.60

So, current stock price is $13.60

7 0
3 years ago
Who receives the good or service from first come, first served. for econmics
Jlenok [28]

Answer:

This method of allocation, called first come, first served, is often used to distribute cheap tickets to rock concerts, sporting events, movies, and many other events. The first come, first served method does a fairly good job of allocating tickets to the people who want to see the show the most.

7 0
3 years ago
Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derive
LenaWriter [7]

Complete/Correct Question:

Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties. According to the Stalk and Lachenauer book, this is an example of the strategy to

A) plagiarize with pride.

B) deceive the competition.

C) devastate rivals profit sanctuaries.

D) unleash massive and overwhelming force

Answer:

c, devastate rivals profit sanctuaries

Explanation:

For Walmart to start making as much or more profits than its rival, Best Buy, it decided to head in the same direction as Best Buy by offering low-priced extended warranties on home electronics.

This action simply means that Walmart has infiltrated the profit strategy system of Best Buy and is using that a a competitive edge to also increase customer base as people will prefer to go Walmart as it has become cheaper.

Devastating rivals profit sanctuaries therefore means targeting the area or strategy of rivals to make more profit.

Cheers.

8 0
3 years ago
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