Answer:
Perfect Tender Rule
A. True
Explanation:
The Uniform Commercial Code's Article 2 recognizes the legal right of a buyer of goods to demand precise conformity of the goods to the product description in quality, quantity, and delivery manner. Therefore, the buyer may reject goods offered by the seller which do not conform to the earlier product descriptions. This rule is called the Perfect Tender Rule. An exception to this rule will be if the seller has a reason to believe that non-conforming goods will be acceptable to the buyer.
Answer:
$18,106.25
Explanation:
For computing the carrying value of the bonds , first we have to determine the discount amortization for 8 years which are shown below:
= (Issued amount - proceeds from the bonds) ÷ time period
= ($20,000 - $18,300) ÷ 8 years × 2 years
= $106.25
Now the carrying value would be
= Proceeds from the bonds + discount amortization for 8 years
= $18,000 + $106.25
= $18,106.25
Since the time period is 8 which are paid in semi-annual so we double the time period
Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
It is not recommended to skip performing the risk identification on a project. If this process is skipped, the organization might run into unforeseen dangers that will stall their projects and prevent them from reaching their objectives.
<h3>What is the risk identification step?</h3>
The risk identification process is designed to study and find out the elements that will prevent an organization from reaching its set objectives.
he risk identification process helps the organization to know the risk that is set before them and prepare to bypass or overcome the challenges. The risk identification step is the first step that must be taken to avoid problems along the way.
Learn more about the risk identification step here:
brainly.com/question/28214983
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