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CaHeK987 [17]
3 years ago
13

Research Data Corporation sells access to its database of scientific research to users for a certain price per month. Research D

ata files a suit against its user Tom when, in violation of their contract, he stops making payments. Tom claims that the deal is unconscionable. The court will most likely consider:_________
Business
1 answer:
Darya [45]3 years ago
4 0

Answer: The court will most likely consider the right of the Research Data Corporation be paid for the services rendered to Tom

Explanation:

A contract for the sale of goods is when there is an agreement between the buyer and the seller to exchange goods or services in return for value consideration known as price. A sale occurred in a contract for the sale of goods when the ownership of the goods passes to the buyer. The terms of the contract for the sale of goods include price, subject matter,conditions, and warranty. The breach of condition in a contract for the sale of goods gives the other party in the contract the right to repudiate the contract, in a contract for the sale of goods the buyer may reject the goods as a result of breach of conditions.

In a contract for the sale of goods, the buyer will be known to have accept the goods if the buyer communicate his approval to the seller of the goods. It also includes the retain of the goods by the seller without informing the seller of the rejection of the good within a reasonable length of time. Therefore, in the case under consideration Tom the user of the services rendered by Research Data Corporation has been showing the conditions of accepting the good when he has been making payment untill he suddenly stops making payments. The buyer for the fact that he has been paying shows that he his totally satisfied with the services rendered because he has not made the notice of rejection known to the buyer by refusing to pay in the first instance. But since he has not done that, the court will rule in favour of Research Data Corporation because Tom has failed to fulfilled his own side of the agreement in the contract.

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour
geniusboy [140]

The materials quantity variance for March for Preble Company, which manufactures a product, is <u>$96,000 Unfavorable</u>.

<h3>What is a materials quantity variance?</h3>

A material quantity variance shows the difference between the actual materials consumed and the budgeted amount in production.

Computing the materials quantity variance helps management to determine the production efficiency.

The materials quantity variance can be computed using the following formula:

Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.

<h3>Data and Calculations:</h3>

Planned production and sales units = 32,000 units

Actual production and sales units = 37,000 units

<h3>Standard Costs:</h3>

Direct materials: 4 pounds at $8 per pound  $ 32

Direct labor: 2 hours at $16 per hour                 32

Variable overhead: 2 hours at $6 per hour        12

Total standard cost per unit                             $ 76

<h3>Actual Costs:</h3>

Purchase of raw materials = 160,000 pounds

Cost of purchase per pound = $7.40

Direct labor hours = 67,000 hours

Direct labor rate = $17 per hour

Total variable manufacturing overhead = $422,100

Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.

= (37,000 x 4 - 160,000) x $8

= $96,000 Unfavorable

Thus, the materials quantity variance for March for Preble Company is <u>$96,000 Unfavorable</u>.

Learn more about computing variances at brainly.com/question/15858152

3 0
2 years ago
Monfett Manufacturing earned operating income last year as shown in the following income
kogti [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
4 years ago
If the Synyster Corp. has an ROE of 21 percent and a payout ratio of 20 percent, what is its sustainable growth rate?
Lynna [10]

Answer:

20.19%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate is

= (return on equity × b) ÷ (1 - (Return on equity × b))

= (0.21 × (1 - 0.20) ÷ (1 - (0.21 × (1 - 0.20)))

= 0.168 ÷ (1 - 0.168)

= 0.168 ÷ 0.832

= 20.19%

basically we applied the above formula to determine the sustainable growth rate

6 0
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Which bank does not charge at all for using the ATM?
const2013 [10]
Bank A is the answer
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Despite the fact that Abbe and Randall are having personal difficulties, Bill’s primary concern is the productivity of the team
ivolga24 [154]

Answer:

This question refers to a situation where two team leaders (or co-leaders) were engaged in a romantic relationship. When relationships end, things start to change form being great to the opposite. This eventually led to a decrease in the team's productivity and could eventually result in a harassment lawsuit because Randall refused to let Abbe go and kept insisting on the failed relationship.

Since management didn't care about what was happening (even though Abbe told them), and they only cared about the decrease in productivity; we can conclude that they were engaging in a stability strategy. They were trying to maintain the status quo and turn everything back as it used to be before the relationship started, but things were not that easy.

5 0
3 years ago
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