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marissa [1.9K]
2 years ago
12

A seller did not submit testing information required in the contract to the buyer, and the project manager did not notice it was

not received. After four weeks, the company head asked for the testing information and found out it was not received. The project manager then asked the seller to send the information. The seller argued, "You did not receive the testing reports for four weeks, and you did not say anything. You have therefore waived your rights to ever get them". The seller refused to give the reports without a change to the contract and additional payment. The issue went to court of law to resolve. What do you think was the court's decision? Post what you believe the decision was in this forum post. After posting, review and comment on at least one of your colleagues post. Be sure that you answer any questions that someone else might have made on your post. NOTE: You will not be able to see any other responses until you post your own.
Business
1 answer:
rusak2 [61]2 years ago
7 0

Answer:

Since the testing information is a requirement of the contract, the buyer has the right to request for it accordingly and the seller should not refuse unless fraud is implied.  The contract does not specify when a waiver of the right to the testing information should become effective.

The court of law should decide in favor of the buyer's right to receive the testing information from the seller.

Explanation:

Contract terms are agreements and promises that must be followed because they are made for consideration to be given and received.  If a contract for the sale of goods includes the submission of some information, this later requirement forms part of the contract and exchange of promises for consideration, and they must be respected and fulfilled, unless there is additional agreement specifying some deadline within which the right to such testing information is waived.

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Swifty's Market used the perpetual method to record the following events involving a recent purchase of inventory:
butalik [34]

Answer:

Inventory balance will be of 73,318

Explanation:

Inventory                     75,400

     Account payable                75,400

to record goods received

Account payable           1,300

           Inventory                          1,300

to record return of goods

Inventory                          700

            Cash                                  700

to record payment of freight

Account Payable        74,100

            Inventory                         1,482

            Cash                              72,618

to record payment of invoice within discount period

75,400 - 1,300 = 74,100

74,100 x 2% = 1,482

Inventory balance:

<em>   DEBIT         CREDIT</em>

 75,400

                       1,300

      700

                       1,482

<u><em>balance: </em></u>

  73,318

8 0
2 years ago
Explain why technological advance and environmental problems are sometimes connected
Jobisdone [24]
<span>Technological advances and environmental problems are sometimes connected because </span>new production technologies can have a far greater environmental impact than the ones they replace. An example is farm technologies which can cause environmental pollution.
7 0
3 years ago
A company plans to sell 5,700 units in June. The company has 855 units in beginning inventory and has a target of 900 ending inv
Katarina [22]

Answer:

5,745 units

Explanation:

As we know that

Number of units produced = Estimated units sold + ending inventory units - beginning inventory units

= 5,700 units + 900 units - 855 units

= 5,745 units

We simply added the ending inventory units and deduct the beginning inventory units to the Estimated units sold so that the number of units produced could come.

4 0
3 years ago
If $360 is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18
podryga [215]

The worth of investment in 18 years will be $1,096.96 after adding $736.96 of the interest amount compounded quarterly.

Computation:

Given,

P Principal amount =$360

r Interest rate =4%

t Time period =18 years

The formula used to determine the compound interest amount is:

A=P\times(1+r)^{n\times\;t}

Substituting the values in the formula:

\begin{aligned}A&=\$360\times(1+0.04)^{4\times18}\\&=\$360\times2.0471\\&=\$736.96\end{aligned}

Therefore, the correct answer for the worth of investment is $736.96.

To know more about compound interest, refer to the link:

brainly.com/question/25857212

5 0
2 years ago
Cost Behavior Alisha Incorporated manufactures medical stents for use in heart bypass surgery. Based on past experience, Alisha
valina [46]

Answer:

Alisha Incorporated

1. Total maintenance cost incurred by Alisha last year? Round your answer to nearest dollar:

= $4,875,000

2. Total fixed maintenance cost incurred by Alisha last year? Round your answer to nearest dollar:

= $1,750,000

3. Total variable maintenance cost incurred by Alisha last year? Round your answer to nearest dollar:

= $3,125,000

4. Maintenance cost per unit produced? Round your answer two decimal places. $ per unit

= $195

5. Fixed maintenance cost per unit? Round your answer two decimal places. $ per unit

= $70

6. Variable maintenance cost per unit? Round your answer two decimal places. $ per unit

= $125

Explanation:

a) Data and Calculations:

Total maintenance costs = $1,750,000 + $125X,

where X = Number of Heart Stents

Production = 25,000 stents last year.

Total maintenance costs = $1,750,000 + $125 * 25,000

= $1,750,000 + $3,125,000

= $4,875,000

Total maintenance cost per unit = $4,875,000/25,000 = $195

Fixed costs per unit = $70

7 0
3 years ago
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