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vredina [299]
3 years ago
6

steve Hammer and ron Howe gave Kevin Thompson possession of 150 heifers for grazing. Thomp- son was an order buyer—he bought cat

tle for people who wanted to buy them and tried to help sell cattle for people who wanted to sell them. Thompson sold the 150 heifers to roger Morris. Hammer and Howe sued. Thompson had purchased cattle in twenty-five transactions but made only six sales during the year prior to selling Hammer and Howe’s heifers. During the five months after that sale, Thompson made many purchases but only one sale. Morris alleged the sale to him was by a mer- chant who dealt in goods of the kind. was it?
Business
1 answer:
katrin2010 [14]3 years ago
6 0

Answer:

Yes, Mr. Morris was the ordinary course buyer but the sale done by Mr. Thompson cannot be allowed.

Mr. Thompson had sold off the heifers which were given to him for grazing. There was lack in putting liability in the subsequent buyer Mr. Thompson. When he was making sale of the heifers without keeping Mr. Steve and Mr. Rogers in the loop. He made the sale of the heifers without having the permission to transfer the ownership title .

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Suppose that business travelers and vacationers have the following demand for airline tickets from New York to Boston:
Furkat [3]

Answer

Price elasticiy of demand for business travelers: -0.16

Price elasticity of demand for vacationers: -0.29

Explanation:

To find the price elasticy of demand (PED) using the midpoint method, we use the following formula:

PED = \frac{(Q2-Q1)/[(Q2+Q1)/2]}{(P2-P1)/[(P2+P1/2]}

Where Q2 and P2 are the new quantity demanded and new price respectively, and Q1 and P1 are the old quantity demanded and price.

Plugging the amounts into the formula we obtain the results of the answer.

Because both results are in absolute value less than one (0.16 and 0.29), we can say that the PED of tickets, for both vacationers and Business traveleres, is relatively inelastic. (Demand falls less in proportion to the change in price).

4 0
4 years ago
Aggregate demand curves are Question 14 options: downward sloping. upward sloping. horizontal. vertical.
poizon [28]

Answer: Downward sloping

Explanation:

The Aggregate demand curve shows the national income in a country and the reason the AD is downward sloping is to represent that when the price level increases, the national income will drop because people now have to spend more for goods and services.

There are different factors that go into the AD curve but the basic premise is that when prices are high, people can only afford less so the demand decreases.

5 0
3 years ago
Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first​ quar
ki77a [65]

Answer:

C. The actual variable overhead costs were lower than the budgeted costs.

Explanation:

Variable Overhead Cost variance =Budgeted cost - Actual Cost

where this value is positive, this is favorable, where this is negative it is unfavorable.

Actual cost = Actual hours X Actual rate per hour

Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour

Even if actual hours are lower than budgeted it will not lead to favorable overhead as actual rate per hour might be less.

Total variable overhead will only be favorable when net actual variable overhead cost is less than budgeted variable overhead costs.

C. The actual variable overhead costs were lower than the budgeted costs.

6 0
4 years ago
What is the name of piece above? a. the raft to nowhere b. raft of the medusa c. the raft of the dead d. the rage of medusa
Alecsey [184]

The name which was given to the piece in the image attached below is: B. Raft of the Medusa.

<h3>What is Raft of the Medusa?</h3>

Raft of the Medusa can be defined as a piece of art (oil painting) which was designed by French Romantic painter Théodore Géricault between 1818and 1919, so as to illustrate the tragic wreck of the French frigate Medusa that was heading to Senegal.

In conclusion, Raft of the Medusa is the name that was given to the piece in the image attached below.

Read more on Raft of the Medusa here: brainly.com/question/3581527

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6 0
2 years ago
explain sustainable income. what relationship does this concept have to the treatment of discontinued operations on the income s
Anni [7]

A corporation needs sustainable income in order to cover all of its expenses in the long run.

What is Sustainable income?

Sustainable income represents the after-tax gain or loss on the impact of operations on a discontinued segment of business for a period.

Therefore, in the case of a discontinued operation, there is no sustainable income arising in the future as the segment of business is already discontinued and income, if any, is going to come only for the period of the discontinued operation. Income or expense from discontinued operations is a line of item in the income statement of a company below income from continuing operations and before the net income.

To know more about Sustainable income, click here- brainly.com/question/18687603

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4 0
1 year ago
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