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jarptica [38.1K]
4 years ago
14

Retail Music, Inc., offers to buy from Super Products Corporation (SPC) 1,000 blank CDs of a certain brand. Without notifying Re

tail, SPC timely ships CDs of a different brand. This shipment isa.an acceptance of the offer and a breach of the parties' contract.b.an acceptance of the offer and a fulfillment of the parties' contract.c.a refusal of the offer and a fulfillment of the parties' contract.d.a refusal of the offer and a breach of the parties' contract
Business
1 answer:
Alik [6]4 years ago
6 0

Answer:

an acceptance of the offer and a breach of the parties' contract.

Explanation:

Super Products Corporation accepted to supply Retail Music Inc 1,000 blank CDs of a particular brand, so the offer by Retail Music was accepted.

However without prior notice given to Retail Music Inc, SPC supplied a different brand of CDs. SPC has breached the contract they had with Retail Music Inc.

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3 0
3 years ago
Devon Company has collected the following data for one of its products:
blagie [28]

Answer:

$60,000 U

Explanation:

Given:

Direct materials standard  (4 pounds @ $1/lb.) = $4 per unit

Direct materials flexible budget variance-unfavorable = $15,000

Actual direct materials used = 103,000 pounds

Actual units produced = 22,000 units

Now,

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= (Actual material - Standard material ) × Standard price

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4 0
3 years ago
Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ___
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5 0
3 years ago
Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manuf
Natasha2012 [34]

Answer:

Kiddy Toy Corporation

The company should lease.  It will save $30,123 by leasing than by buying the machine.

Explanation:

a) Data and Calculations:

1. Buy Machine:

Initial cost = $170,000

Annual Insurance Premium = $15,000

Interest rate = 12%

Estimated useful (Lease Period) = 15 years

Insurance Premium for 15 years (PV) = $102,162.97

PV of Salvage value ($20,000 * 0.183) = $3,660

Total cost of buying machine = $268,503 ($170,000 + $102,162.97 - $3,660)

Present value of lease payments = $238,380

NPV of leasing over buying = $30,123 ($268,503 - $238,380)

N (# of periods)  15

I/Y (Interest per year)  12

PMT (Periodic Payment)  35000

FV (Future Value)  0

 

Results

PV = $238,380.26

Sum of all periodic payments = $525,000.00

Total Interest = $286,619.74

Insurance Premium:

N (# of periods)  15

I/Y (Interest per year)  12

PMT (Periodic Payment)  15000

FV (Future Value)  0

Results

PV = $102,162.97

Sum of all periodic payments $225,000.00

Total Interest $-122,837.03

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3 years ago
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3 years ago
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