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slega [8]
3 years ago
11

Belinda orders a certain type of hybrid rose for her wedding. A disease sweeps through that type of rose and the florist could o

nly obtain the roses at great cost, if at all. Which of the following is the appropriate term for the florist's best defense?
A. Commercial un-reasonableness.
B. Commercial impracticability.
C. Substantial hardship.
D. Unforeseen circumstances.
E. Un-reasonable bride.
Business
2 answers:
viva [34]3 years ago
5 0

Answer:

B. Commercial impracticability

Explanation:

Commercial impracticabilty occurs when the actions under a contract is impractical and cannot be accomplished or achieved. It is triggered when actions or performance of a contract by a party has become impracticable and hence unfeasible or maybe just too difficult or costly to accomplish. The best defense for the florist in this case is commercial impracticabilty as the disease sweeping through the type of rose Belinda ordered has made it difficult and costly to accomplish or achieve.

nadya68 [22]3 years ago
3 0

Answer: the correct option is B. Commercial Impracticability.

Explanation: Commercial impracticability is the phenomenon in which an event occurs and causes the performance of a contractual duty to be excessively burdensome, unbearably difficult, or extremely expensive, for the party committed to such performance.

The reason for commercial impracticability is due to unforeseen events which did not occur due to a fault or carelessness of either party, and therefore cannot be controlled. After the event has taken place, and it affects the ability of either party to meet the contract, and the parties cannot agree as to the proposed changes in the contract, then the court will be involved in order to determine the commercial practicability of such performance and obligations of the parties involved.

In the scenario given above, we can see that the florist is not to be blamed for the diseases affecting the roses, and therefore, commercial impracticability will be the best line of defense in this case.

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andrezito [222]

Answer: secondary data

Explanation:

The type of data above is refered to as a secondary data. Secondary data simply refers to the data that have already been gotten or collected from the past.

Unlike the primary data, which is collected by the individual, secondary data have already been done in the past. Since he first reviewed existing data on seasonal spending collected by the government, this is a secondary data

3 0
2 years ago
________ is defined as a social and managerial process by which individuals and organizations obtain what they need and want thr
Thepotemich [5.8K]

Answer:

The correct answer is C

Explanation:

Marketing is the one which is concerned with the management as well as the study of exchange relationship. It is the process of business of establishing the relationship with the customers through exchange the value.

As it is used to attract the customers, the primary components of business commerce and management.

So, marketing is the process of managerial and social through which the groups and the individuals obtain what they want and need by exchanging and creating products and value with others.

3 0
3 years ago
The Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June
sertanlavr [38]

Answer:

The adjusting entry that should be made by the company on June 30 is

Inventories $ 6,500 (debit)

PPE Asset $ 6,500 (credit)

Explanation:

Error Made on June 30 was as follows : Village Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset.

PPE Asset $6,500 (debit)

Cash $6,500 (credit)

On 30 June the amount of inventory reported is understated by $6500.While the amount of Assets recorded is overstated by $6500

Therefore the adjasting entry for this situation is as follows

Inventories $ 6,500 (debit)

PPE Asset $ 6,500 (credit)

Thus increasing the Inventory balance and decreasing the PPE Asset Balance.

6 0
2 years ago
Read 2 more answers
Minden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet as of April 30 is given be
Anettt [7]

Answer:(1a) schedule of cash collected $221,800, schedule of cash disbursement for merchandise purchase $118,900 (1b) cash budget closing balance $19,260 (2) Net income $26,410 (3) Balance sheet Total Asset $364,510, Total Liabilities &Equity $364,510

Explanation:

Schedule of cash collected

Sales. 257,000

Less:Cash sales. 77,100

------------

Credit sales. 179,900

Cash collected in May

Credit sales( 50% ) 77,100

Account Receivable 54,750

May sales (179,900 × 50%) 89,950

---------------

Total cash collected. 221,800

-------------------

Schedule of cash disbursements for merchandise

Cash paid for May purchases (121,000×40%) 48,400

Cash paid for April purchases. 70,500

--------------

Total purchase payment for May. 118,900

-----------------

Cash Budget

Opening balance. 9,600

Add: Receipt

Collection from customers 221,800

Bank loan. 22,000

--------------

Total cash available. 253,400

Less: Disbursements

Purchase payment 118,900

Selling Expenses. 83,700

Note payable. 18,100

Interest on Note payable 340

Purchase of refrigerating equipment 13,100

----------------

Total Disbursement. 234,140

----------------

Closing Balance. 19,260

----------------

Minden company

Budgeted income statements for the month of may

Sales. 257,000

Cost of good sold

Beginning inventory 53,750

Add: purchases. 121,000

---------------

Goods available for sale 174,750

Less: Ending inventory. 31,000

-------------

Cost of good sold. 143,750

----------------

Gross Margin. 113,250

Selling & Administrative Expenses

(83,700 + 2,800) 86,500

---------------

Net operating income. 26,750

Less: interest expense. 340

----------------

Net income. 26,410

------------------

Budgeted Balance sheet

Asset

Cash. 19,260

Account Receivable 89,950

Inventory. 31,000

Building & Equipment

Net of Deprecation.

(214,000 + 13,100 - 2,800) 224,300

-----------------

Total Asset. 364,510

------------------

Liabilities & Equity

Account Payable(121,000 × 60%) 72,600

Note payable. 22,000

Common Stock. 180,000

Retained Earnings( 63,500 + 26,410) 89,910

------------------

Total Liabilities & Equity. 364,510

------------------

8 0
3 years ago
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MrMuchimi
D)<span> the way he pictures the Sun being a horse-driver, and owning a barn </span> is definitely the answer.  It shows how his mind explores the playful possibilities.
I hope this helps!


6 0
3 years ago
Read 2 more answers
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