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Simora [160]
4 years ago
10

Marquez agrees to buy Dale's pickup truck so he can pull his trailer. Both Marquez and Dale believe that the truck is big enough

to do the job. After they complete the deal, Marquez finds that the truck is not strong enough to handle the trailer. The contract between Marquez and Dale can be rescinded because of:
A) a unilateral mistake
B) a defective acceptance.
C) a mutual mistake.
D) negligent misrepresentation.
Business
1 answer:
Sedaia [141]4 years ago
4 0

Answer:

The answer is C) a mutual mistake

Explanation:

A mutual mistake occurs when the parties to a contract are both mistaken about the same material. Marquez and Dale,  both thought that the truck would be big enough to do the job.

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​Baldwin, Inc. had the following balances and transactions during​ 2019: Beginning Merchandise Inventory as of January​ 1, 2019
Charra [1.4K]

Answer:

$18,725

Explanation:

Given:

Inventory as of January​ 1, 2019 =  125 units at​ $81

March 10 Sold = 50 units

June 10 Purchased = 225 units at​ $86

October 30 Sold = 175 units

cost of goods sold on March 10 = 50 × $81 = $4050

units left in inventory after the units sold on March 10 = 125 - 50

= 75 units

Now,

The number of units sold on October will include the units that are left in the inventory after the sales on March 10

thus,

the cost of goods sold on October 30 = 75 × $81 + (175 - 75 ) × $86

= $14675

hence,

the total cost of the goods sold = $4050 + $14675 = $18,725

7 0
4 years ago
During ________, the project manager performs several activities to assess the size, scope, and complexity of the project and to
Ratling [72]

During  Project, initiation the project manager performs several activities to assess the size, scope, and complexity of the project and to establish procedures to support subsequent activities.

  • The developer engages in a number of tasks to determine the project's size, scope, and complexity and to set up the procedures that will support following tasks.
  • Using a Work Breakdown Structure, project activities are defined as the initial planning activity.
  • This activity's goal is to create a shared understanding of the project's scope.
  • A sample work breakdown structure looks like this. It is a description of the work that needs to be done to finish a project's deliverables.
<h3>What is the initiation phase?</h3>
  • The initiation phase is the beginning of the project.
  • In this phase, the idea for the project is explored and elaborated. The goal of this phase is to examine the feasibility of the project.

Learn more about Work Breakdown Structure brainly.com/question/14262396

#SPJ4

8 0
2 years ago
Allen Green is a single taxpayer with an AGI (and modified AGI) of $214,000, which includes $172,000 of salary, $26,200 of inter
lakkis [162]

Answer:

$532

Explanation:

The income that is considered for NIIT is the (a) lesser of the net investment income or (b) the amount by which MAGI exceeds the applicable threshold.

a. $42,000 ($26,200 interest income + $10,400 dividends + $5,400 Long-term capital gains)

b. $14,000 ($214,000 - $200,000)

Note: MAGI threshold of $200,000 for single taxpayer is applicable before they fall under the NIIT bracket of 3.8% of tax.

Net Investment Income = $14,000

Net investment income tax liability = Net Investment Income * 3.8%

Net investment income tax liability = $14,000 * 3.8%

Net investment income tax liability = $532

So, Allen's net investment income tax liability this year is $532.

3 0
3 years ago
The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more tha
Mila [183]

Answer:

Debit to Factory Overhead

Credit to Factory Wages Payable

Explanation:

The journal entry to record the use of utilities in a factory is shown below:

Factory overhead Dr XXXXX

      To Factory utilities payable XXXXX

(Being the usage of the utilities is recorded)

Here the factory overhead is debited as it increased the expenses and credited the factory utilities payable as it also increased the liabilities

4 0
3 years ago
Sauder Corporation reports the following information: Net income $380,000 Depreciation expense 70,000 Increase in accounts recei
kodGreya [7K]

Answer:

Cashflow statement gives the true state of affairs of a business with respect to cash and cash equivalent. Whereas a company may report good profit, it may be running an unhealthy business because of its poor management of cash resources. As a result, such a business may run into troubles.

Cash from operating Activities is a healthy way of evaluating the core operations of the business, to make good investment judgment around the profit reported.

Net Income = $380,000

Add Depreciation (non- cash expense) = $70,000

Deduct Increase in Accounts receivables (non-cash income) = $30,000

Cash from operations = $420,000.

5 0
4 years ago
Read 2 more answers
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