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IRISSAK [1]
2 years ago
13

Which of the following contracts would not be governed by the UCC? a. a contract for dentures b. a contract for the purchase of

an Arabian horse c. a contract for the purchase of an oil painting for $550 d. a contract for the purchase of an ATR jet e. All of the above are governed by the UCC.
Business
1 answer:
Drupady [299]2 years ago
3 0

Answer:A contract for debentures.

Explanation:UCC( uniform commercial code) is code system which governs commercial activities in the United States of America. It was established in the year 1957,this code has been adopted by all the States,the district of Columbia and all the territories of the United States of America. It is aimed at Ensuring harmony in practice of sales,contracts and other trade and commercial activities with the United States of America.

The contract for debentures are not governed by UCC.

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Tucan Company manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $300 per o
spin [16.1K]

Answer:

$163,200

Explanation:

Tucan Company

Purchase Budget for the Month of August

Production Requirement ( 11,00 x  0.5 )          550

Add Closing inventory ( 980 x 0.5 x 10%)         49

Total                                                                  599

Less Opening Inventory ( 11,00 x 0.5 x 10%)   (55)

Materials Required                                          544

Cost $300

Total Cost                                               $163,200

5 0
3 years ago
Purchase furniture to srija rs 30000​
lorasvet [3.4K]

Answer:

rs 30000

Explanation:

rs 30000 = $407.47

Hope this helped!

4 0
3 years ago
In 2021, Short Construction began construction work under a four-year contract. The contract price is $2,000,000. Short recogniz
Masja [62]

Answer:

The appropriated answer will be "$1,700,000".

Explanation:

Revenue understood by completion percentage = Design balance throughout progress = $200,000

The percentage completion throughout the whole year will be:

⇒  \frac{200,000}{2,000,000 }

⇒  10 \ percent

The cost incurred throughout the whole year will be:

⇒  Revenue \ recognized - Income \ on \ the \ contract

⇒  200,000 - 30,000

⇒  170,000 ($)

Now,

The total estimated cost of the project at the end the year 2021 will be:

⇒  \frac{170,000}{10 \ percent}

⇒  1,700,000 ($)

6 0
3 years ago
Inventory records for Marvin Company revealed the following: Date Num of units unit cost Mar. 1 Beginning Inventory 1000 7.20 Ma
swat32

Answer:

Ending inventory= $5,040

Explanation:

Giving the following information:

Beginning Inventory= 1000 units for  $7.20

Mar. 10: Purchase= 600 units for $7.25

Mar. 16: Purchase= 800 units for $7.30

Mar. 23: Purchase= 600 units for  $7.35

Marvin sold 2,300 units.

Under the LIFO inventory method, the ending inventory cost is calculated using the first units incorporated to inventory.

Ending inventory in units= total units - units sold

Ending inventory in units= 3,000 - 2,300= 700 units

Ending inventory= 700*7.2= $5,040

8 0
3 years ago
What is the relationship between financial system and economy
pentagon [3]

Answer:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.

3 0
2 years ago
Read 2 more answers
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