1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dafna1 [17]
4 years ago
5

Refused Furniture. Selina arranges to sell furniture from her furniture store to Roland for $3,000. Roland was supposed to give

Selina a $500 deposit on February 1 and pay the remainder in monthly installments. Selina was to deliver the furniture by February 7. Roland did not pay Selina as promised on February 1. He asked her to wait until March 1, but she refused. She also refused to deliver the furniture. Selina was able to sell the furniture for only $2,500 because of a downturn in the economy. Roland told Selina that she had no right to withhold or sell his furniture and that he was suing. Selina incurred $100 in additional amounts in advertising costs to advertise the furniture that Roland initially purchased. Selina saved $40 in delivery costs because the subsequent purchaser picked up her own furniture. Which of the following is true regarding any right of Selina to recover the additional advertising fees she incurred from Roland?A. Selina will be able to recover the damages so long as they were reasonably incurred because of Roland's breach.B. She is entitled to recover the damages if she can show that Roland agreed to pay such damages in his contract with her.C. She is entitled to recover the damages if she can show that Roland has a history of breaching contracts of sale.D. She is not entitled to recover the fees because she had no right to resell the furniture.E. She is entitled to recover the damages if she can show that Roland orally agreed to pay such damages.
Business
1 answer:
Tanya [424]4 years ago
7 0

Answer:B. She is entitled to recover the damages if she can show that Roland agreed to pay such damages in his contract with her.

Explanation:

The non payment of the N500 installment by Roland constitute a breach of the sales contract, However an evidence of a commitment to be liable for additional cost that will be incurred will make it possible for Selina to recover the damages.

You might be interested in
Roger remembers from a business class he took years ago in college that there are several business forms to choose from. Each fo
earnstyle [38]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Partnership

b) C Corporation

c) S Corporation

d) Limited Liability Company

e) Limited Liability Partnership

And the correct answer is the option D: Limited Liability Company.

Explanation:

To begin with, the name of <em>"Limited Liability Company" </em>refers to a type of form of business, in the field of business law, that is helpful to adapt and use for some owners regarding the particular characteristics that this form gives to them. So once said that, this type of business form has the characteristics of both a corporation and a partnership so that means that it is quite flexible and can adapt depending on the situation that the owner is having. Moreover, one of the most important aspects of this type of form is the fact that the owner has a limited liability to what happens in the company so that means that his private assets are secure under this form.

6 0
3 years ago
Kendall’s Home Decorators believes that the demand for its services will expand greatly because a real-estate developer has just
gtnhenbr [62]

Answer: The managers of Kendall’s Home Decorators are making a projection for the future, also known as a <em><u>forecast.</u></em>

<em>Forecasting is know as the technique of predicting future supported on past and present event or data , commonly done by analyzing trends. </em>

<em>Here in this case the managers of Kendall’s Home Decorators are predicting the demand.</em>

<u><em>Therefore the correct option is (a)</em></u>

7 0
3 years ago
Marsha Mellow’s weekly gross earnings for the week ended May 23 were $1,250, and her federal income tax withholding was $201.65.
Nataliya [291]

Answer:

$954.60

Explanation:

Gross Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer before taxes or other deductions.

Net Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer after taxes or other deductions.

Particulars       Amount   Amount

Gross Pay                          $1,250

Withholding deduction:

Income tax       <em>($201.65)</em>

Social Security  <em>(1,250*0.06 = $75)</em>

Medicare tax <em>(1,250*0.015 = $18.75)</em>

Net pay                                           $954.60  

8 0
4 years ago
As a result of differences between depreciation for financial reporting purposes and tax purposes, the financial reporting basis
Verizon [17]

Answer:

Deferred tax liability = $52,500

Explanation:

Difference between depreciation for financial reporting purposes and tax purposes at December 31 = 250,000

Enacted tax rate = 30%

Tax rate for future years = 40%

so Deferred tax liability = $250,000 x 40% = $100,000

8 0
3 years ago
Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing o
Tatiana [17]

Answer:

$5,370

Explanation:

Missing word: <em>"A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While the product would be modified slightly for the special order, product S47's normal unit product cost is $19.20:</em>

<em>Direct materials $5.70, Direct labor 3.00, Variable manufacturing overhead 2.80, Fixed manufacturing overhead 7.70, Unit product cost $19.20"</em>

<em />

Incremental analysis

Incremental revenue (2100*26)                                   $54,600

<u>Incremental cost</u>

Direct material (2100*$5.7)                       $11,970

Direct labor (2,100*$3)                              $6,300

Variable manuf. overhead (2,100*$80)    $5,880  

Additional cost (2100*$2.00)                    $4,200

Special molds                                            $15,000

Total incremental cost                                                  <u>$49,230</u>

Incremental profit (loss)                                              <u>$5,370 </u>

The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be $5,370.

5 0
3 years ago
Other questions:
  • Martin was named "employee of the month" for his outstanding customer service. according to maslow, this award may help satisfy
    8·1 answer
  • The sales budget for Modesto Corp. shows that 12,000 units of Product A and 14,000 units of Product B are going to be sold for p
    15·1 answer
  • ​suppose you are enjoying a conversation with a friend in your car, when a vehicle pulls up next to you with the audio system tu
    10·1 answer
  • Jackpot Mining Company operates a copper mine in central Montana. The company paid $2,000,000 in 2021 for the mining site and sp
    5·1 answer
  • How do we prepare the profit and loss account for partnership
    13·1 answer
  • The proper time to determine a​ company's business model is following the​ _______ of the business idea and prior to fleshing ou
    11·1 answer
  • What is the difference between finance and accounts​
    10·1 answer
  • Can this setup be used to electroplate a layer of silver on a pair of wooden chopsticks??​
    7·1 answer
  • The landlord of an office building charges tenants $150 per hour for extra HVAC usage after hours. During the last three years,
    12·1 answer
  • Provide the economic term/concept for this description. *NO ABBREVIATIONS*
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!