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Dovator [93]
3 years ago
9

Jim contracted with United Technologies to install 5,000 feet of Rocketfish Cat-5e network cable in his new office building. Uni

ted installed 5,000 feet of Dynex Cat-5e network cable instead. When Jim sued for breach of contract, and a court found that United's actions constituted______.
a. material breach.b. incomplete performance.c. complete performance.d. substantial performance.
Business
1 answer:
skelet666 [1.2K]3 years ago
5 0

Answer:

D) substantial performance

Explanation:

Substantial performance takes place when a party completes substantially the terms of the contract, but they made some mistake while doing so or didn't finish their part due to unforeseen events.

Unless Jim can prove that the cables are significantly different and that they will not work properly, then United Technologies constituted substantial performance.

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Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November
pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date         Account                                    Debit       Credit

Nov 5    Merchandise Inventory         $8500

         Accounts payable                                               $8,500

To record return of merchandise purchased

Nov 7      Accounts payable                  $300

       Merchandise Inventory                                          $300

To record payment of inventory

Nov 15    Accounts payable                $8,200                      

              Cash                                                                  $7,954

          Merchandise Inventory                                         $246

Calculation =

Nov 5 - Cost of merchandise purchased =  No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned =  No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable  x discount rate = (8,500- 300) x 3%= 8200 x 0.03=  $246

   Cash  =    Accounts payable    - Merchandise Inventory = $8200 - 246 =$7984.

4 0
3 years ago
Grand Co. owns one copier that was purchased for $10,000 three years ago. The depreciation expense taken on the copier each year
spin [16.1K]

Answer:

The correct answer is: units-of-production.

Explanation:

In the depreciation method per production units, an annual production quantity is assigned according to the total calculation of potential units that can be produced in the useful life of the good. In order to calculate the total value, the units that were actually produced must be multiplied by the depreciation cost of each unit.

5 0
3 years ago
Easywriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. management recently finished analyzing the re
maxonik [38]

a. 50 cents

Contribution margin per unit is price per unit- variable cost per unit

1.75 - ($50,000/40,000 units)

1.75 - 1.25 = $ .50

b. $8750

Margin of safety is the expected sales - break even sales

(45,000 units * $1.75 per unit) - (40,000 *1.75)

78,750 - 70,000 = $8750

6 0
3 years ago
What considerations arise when designing a research study?
olga_2 [115]

Research participants should not be subjected to harm in any ways whatsoever. Respect for the dignity of research participants should be prioritised. Full consent should be obtained from the participants prior to the study.

6 0
3 years ago
The list includes all balance sheet accounts related to cash from operating activities.
ANTONII [103]

Answer: Please see answers in explanation column

Explanation:

Using the indirect method.

Balance Sheet Accounts                 Case X   Case Y      Case Z

Net Income                                    $4,000  $100,000 $72,000

Adjustments to reconcile net income to net cash provided by operations: 

Depreciation                                 $30,000   $8,000       $24,000

Account Receivables              $-40,000  $-20,000 $4,000

Inventory                                   $20,000 $10,000 -$10,000

Account Payable                       $24,000 -$22,000 $14,000

Accrued Liability                         -$44,000 $12,000 -$8000

Cash Flows from operating

activities                                    -$6,000 $88,000 $96,000

6 0
4 years ago
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