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Elena L [17]
3 years ago
15

Packaging Products, Inc., sends its standard purchase-order form to Quality Box Company to evidence a sale of packaging material

. Quality responds with its own standard order form. Additional terms in Quality's form automatically become part of the contract unless:____________ a) Packaging objects to the new terms within a reasonable time. b) Packaging's form expressly required acceptance of its terms c) the additional terms materially alter the original contract d) any of the above.
Business
2 answers:
Whitepunk [10]3 years ago
7 0

Answer:

Answer is D. Any of the above.

Refer below.

Explanation:

Therefore,

Any of the above.

It includes all three of them,

A.Packaging objects to the new terms within a reasonable time.

B. Packaging's form expressly required acceptance of its terms.

C.the additional terms materially alter the original contract.

natima [27]3 years ago
4 0

Answer:

Option D. Any of the above.

Explanation:

The reason is that the contract is not formed until the both parties don't agree on the terms and conditions of the contract which includes:

  • New terms and conditions because as we know the business environment is consistently changing like inflation changes, etc (Option A).
  • The acceptance is always required for the contract formation (Option B).
  • Additional clauses of the contract are new clauses and acceptance is required for these to form a contract (Option C).

So all of the options can alter the contract existence. So the right answer is option D.

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Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,600 per month plus $51 per boat. For the month of
Lyrx [107]

Answer:

The Correct answer is $85 U.

Explanation:

Spending change is the contrast among the real and expected (planned) measure of a cost  

Genuine Spending on cleaning equipment and supplies in April = $3,450  

Planned Spending in cleaning equipment and supplies in April = $2600 + $51 × 15 boat = $ 3365  

Difference among Budgeted and Actual is $ 85 for example abundance spending than planned subsequently this difference is Unfavorable  for organization.

7 0
3 years ago
The Federal Deposit Insurance Corporation was established in 1933, during the Great Depression, to:_________
ICE Princess25 [194]

Answer:

b) help stop bank failures throughout the United States.

Explanation:

A bank run can be defined as a situation where bank clients or depositors make withdrawals of their money simultaneously from banks as a result of them being scared or afraid the depository institution will run out of cash (bankruptcy) and become insolvent.

The Federal Deposit Insurance Corporation which is also generally referred to as the FDIC was a New Deal program introduced by President Franklin D. Roosevelt in 1933 and it was designed to prevent bank failures or bank runs and restore the public's faith in the banking system.

Hence, the Federal Deposit Insurance Corporation (FDIC) was established on the 16th of June, 1933 so as to counter or mitigate the problem with bank runs.

Generally, the income generated from the premium payments of insured banks is used to fund or finance the Federal Deposit Insurance Corporation (FDIC).

Additionally, to avoid bank runs or other financial institutions from being insolvent, the Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to these institutions when they're running out of money and as well as regulate their activities.

In conclusion, the Federal Deposit Insurance Corporation (FDIC) was established in 1933, during the Great Depression, to help stop bank failures throughout the United States.

7 0
2 years ago
Which of the following statements is incorrect when allocating service department costs to operating departments?
Whitepunk [10]

Option C is incorrect when allocating service department costs to operating departments.

<u>Explanation: </u>

Typically, fixed costs are not assigned to working departments; however, they have to be absorbed by the service. This statement is incorrect in the service dept. Cost to Operating dept.

The reciprocal method assigns the cost of services to operating departments and other departments. The reciprocal costs are identified and the costs are assigned to each other and to services offered by each service department.

For example, if Service Department A requires certain services of Service Department B, the cost allocation system would not include these services. Since these services are not delegated to other departments, some auditors assume that the direct approach is not right.

6 0
3 years ago
From the standpoint of economic efficiency, markets tend to provide a. less of a public good than would be efficient. b. more of
schepotkina [342]

Answer:

A) less of a public good than would be efficient.

Explanation:

The main characteristic of free markets is that the private participants (suppliers and consumers) decide how to allocate resources. They allocate resources in a way that their utility is maximized: suppliers maximize their profit while consumers maximize satisfaction. The problem with private goods  is that they do not maximize profits for the suppliers, therefore, very few or no suppliers are willing to supply them resulting in a shortage.

6 0
3 years ago
A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the followin
Delvig [45]

Answer:

- Inventory

- Current Liabilities

Explanation:

The journal to record the given transaction is shown below:

Inventory A/c Dr $50,000

         To Accounts payable $50,000

(Being the purchase of inventory is recorded)

Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities

So, no impact on total stockholders

6 0
3 years ago
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