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Novosadov [1.4K]
3 years ago
15

Abby dies, and her good friend, clay is appointed to administer abby's estate. abby's house was in poor condition, so clay orall

y hired a contractor to make repairs. clay also orally promised that if the estate could not pay the repair bill, he would pay it even though he does not live in the house and has no entitlement under abby's estate. the estate does not pay the repair bill. who can the contractor collect from, if anyone
Business
1 answer:
antoniya [11.8K]3 years ago
5 0
<span>The contractor can collect from the estate only.  The contractor and Clay made an agreement only in oral form, not in written agreement.  So, the contractor could not got after Clay.  </span>
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Waterloo, Ltd. manufactures a component used in aircraft navigation systems. Demand has been strong and the executive staff at Waterloo is planning for next year. Yesterday, you were called into a budgeting meeting where production plans are being reviewed. You learn that the inventory policy at Waterloo is to hold one and one-half months’ worth of sales (to avoid issues with transportation disruptions). The sales budget for next year is 662,000 units, spread evenly over the year. Because of an unexpected increase in demand, inventory at the end of this year is expected to be only 32,000 units. The capacity of the plant is 702,000 units annually.1. What production level next year will be required to meet the targets? (Do not round intermediate calculations.)

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