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hoa [83]
3 years ago
10

In which of the following scenarios would enforcement of specific performance be appropriate? Multiple Choice Your bookstore agr

ees to order a textbook for you but breaches its contract with you by canceling the order the next day. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute. You order a current-model, name-brand television from a department store, and a few days later the store breaches by not ordering it from the manufacturer.
Business
1 answer:
Gnom [1K]3 years ago
3 0

Answer:

Correct Answer:

2. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons.

3. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute.

1.  Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day.

Explanation:

In enforcement of specific performance is applied in situations where there there is an established contract that has was not honored. This bridge of contract would then trigger performance enforcement.

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Hypothetical Country has $120 in currency, $280 in reserves, and $900 in deposits. There are no excess reserves. Use this inform
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Answer:

Reserve ratio = 31.11%

Currency drain ratio = 13.33%.

Explanation:

Reserve ratio = Reserves/Deposits = $280/$900 =  0.3111, or 31.11%

Currency drain ratio = Currency/Deposits = $120/$900 = 0.1333, or 13.33%

Therefore, reserve ratio is 31.11%, and currency drain ratio is 13.33%.

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Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun
ohaa [14]

Answer and Explanation:

As per the given question the solution of missing amount for each letter is provided below:-

                                           Case A           Case B

Direct material used        a $49,350      $93,400

Direct Labor                      $56,000          $146,100

Manufacturing overhead

applied                              $44,800         d $116,880

Total manufacturing

cost                                 $150,150           e $356,380

Work in process 1/1/20  b $55,750        $16,800

Total cost of work in

process                         $205,900         f $373,180

Work in process

12/31/20                       c $11,600          $15,400

Cost of goods

manufactured              $194,300            g $357,780

Working Note

a. Direct materials used = Total manufacturing costs - Manufacturing overhead applied - Direct labor

= $150,150 - ($56,000 + $44,800)

= $150,150 - $100,800

= $49,350

b. Works in process 1/1/20 = Total cost of works in process - Total manufacturing costs

= $205,900 - $150,150

= $55,750

c. Works in process 12/31/20   = Total cost of works in process - Cost of goods manufactured

= $205,900 - $194,300

= $11,600

d. Manufacturing overhead applied = $44,800 ÷ $56,000

= 80%

For case B the manufacturing overhead applied = 80% × $146,100

= $116,880

e. Total manufacturing costs = Direct materials used + Direct Labor + Manufacturing overhead applied

= $93,400 + $146,100 + $116,880

= $356,380

f. Total cost of work in process = Total manufacturing costs + Works in process 1/1/20

= $356,380 + $16,800

= $373,180

g.  Cost of goods manufactured = Total cost of work in process - Works in process 31/12/20

= $373,180 - $15,400

= $357,780

Therefore to reach the missing amounts we simply use the working notes.

8 0
3 years ago
Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.
Snowcat [4.5K]

Companies must follow generally accepted accounting principles (gaap) for  international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>
  • The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
  • The International Accounting Standards Board created and maintains them (IASB).
  • The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
  • More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
  • International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.

To view more about GAAP refer to:

brainly.com/question/14957399

#SPJ4

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