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adoni [48]
3 years ago
6

Fruited Plain, Inc, agrees to sell high-quality grain seed to Grange Co-op. Because only half of the quantity ordered is availab

le, Fruited Plain ships a lesser quality seed in twice the amount of the remainder of the order for the same price. Grange Co-op rejects the lesser quality seed. With time for performance not yet expired, Fruited Plain can:_______.
A) attempt to cure the defect
B) cancel the contract.
C) recover the amount of its expected profit plus incidental damages.
D) resell or dispose of the seed and hold Grange Co-op liable for any loss.
Business
2 answers:
tatyana61 [14]3 years ago
8 0

Answer:

A) attempt to cure the defect

Explanation:

In this scenario Grange Co-op is recieving high quality seed from Fruited Plain. Only half of the high quality seed is available, the other half is made up of lower quality seed that is half the price of the higher quality one.

Since time for performance is not yet expired the best option for Fruited Plain is to attempt to cure the defect in the lower quality seeds and make them high quality.

They also have a lower cost of half what would have been spent on the remaining seeds. This fund can be used to cure the defect in lower quality seeds

Cloud [144]3 years ago
6 0

Answer: A) attempt to cure the defect

Explanation: By shipping lesser quality seeds in place of what was ordered by the buyer, Fruited Plian Inc. has not kept to the terms of the contract. However, with time for performance not yet expired, the company can attempt to cure the defect by replacing the rejected lesser quality seeds with high quality ones as agreed by the contract.

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Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is
andrew11 [14]

Answer:

The correct answer is c) $9,000

Explanation:

If net credit sales are $300,000 and bad debt expense is estimated at 3% of net credit sales.

$300,000 x 3%= $9,000

or

$300,000 x 0.03= $9,000

The amount of the adjusting entry to record the estimated uncollectible accounts receivables is $9,000

7 0
3 years ago
The company is now using only 70% of its normal capacity; it could fully use its normal capacity by processing the assembly furt
WINSTONCH [101]

Answer and Explanation:

The preparation of the analysis shows whether the assemblies should process further or not is presented below:

Differential revenue  (38,000 units × ($51 - $44)) $266,000

Differential costs:  

Direct material (38,000units × $2 per unit) ($76,000)

Direct labor (38,000units × $2 per unit) ($76,000)

Variable overhead (38,000units × $1 per unit) ($38,000)

Fixed costs ($160,000  - $225,000) ($65,000)

Additional income (loss) from processing further $11,000

Since the amount comes in positive so it should be processed further

7 0
2 years ago
A small foundry agrees to pay $220,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to
MaRussiya [10]

Answer:

A) $24,602

Explanation:

We can solve this question by finding the periodic deposits needed by using the formula:

FV=PMT*\frac{(1+i)^n-1}{i}

where:

FV= future value   = $220,000

PMT = periodic deposits required = ???

i = effective  interest rate per period = 0.0331

n= number of deposits = 8

However, since the interest is compounded monthly, let's also  calculate the effective interest rate

Effective interest rate = (1+\frac{r}{m}) ^m-1

where; r = 12.5% = 0.125

(1+\frac{0.125}{12})^{12} -1

= 0.1324

Interest rate per period = \frac{0.1324}{4}

= 0.0331

Then;

220,000=PMT*\frac{(1+0.033)^8-1}{0.033}

220,000 = PMT × 8.986

PMT = \frac{220,000}{8.986}

PMT = $ 24,482.5

Since A) $24,602 is closer to $ 24,482.5

Therefore,  $ $24,602  must be deposited every three months

3 0
3 years ago
There are 45 potential workers in this economy. How many people are unemployed?
damaskus [11]
Need more info to the question
3 0
3 years ago
King Auto Supply sells car and truck parts, as well as tire replacement and balancing services. As King places its order for tru
Y_Kistochka [10]

Answer:

joint

Explanation:

Based on the information provided within the question it can be said that such business products are characterized as having joint demand. This type of demand refers to when two or more goods or services are usually bought or demanded together by customers, since they complement each other. Such as cars and petrol, or in this case cars and tires.

5 0
2 years ago
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