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olganol [36]
3 years ago
9

Quito contracts with Rewind Graphix, Inc., to pay $5,000 for its work on the animated film "Song." After Rewind performs, they s

ign an accord, in which Quito promises to pay $4,000 within ten days instead of $5,000 later. But Quito does not pay. Rewind can sue Quito under
Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

Rewind can sue Quito under the legal obligations of the accord between them.

Explanation:

It is our legal right to sue a person if he or she is not fulfilling the requirements of an agreement or accord as it was mutually signed and accepted by the both parties.

In our case, as Quito and Rewind Graphix both signed an accord in which the Quito promises to pay Rewind $4000 within 10 days but as he didn't respected the accord. Now, Rewind Graphix can sue him for not fulfilling the requirements of the accord.  

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The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia
enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

= $349,700

And,

(b) Cash paid for operating expenses is

= $229,000 - $8,000 - $11,100

= $209,900

5 0
3 years ago
The margin of safety ratio is computed as actual sales divided by break-even sales. is used to determine the break-even point. i
max2010maxim [7]

Answer:

indicates what percent decline in sales could be sustained before the company would operate at a loss.

Explanation:

Since, Margin of safety ratio = Expected Sales - Break even sales

therefore,

The correct statement is : The margin of safety ratio indicates what percent decline in sales could be sustained before the company would operate at a loss.

8 0
3 years ago
Lenox Company has the following financial data: 2020 2019 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accou
Kobotan [32]

Answer:

25.55 days

Explanation:

Days Sales in Receivable = Accounts Receivable ÷ (Sales / 365)

therefore

2020 = $2,800 ÷ ($ 40,000 / 365) = 25.55 days

4 0
3 years ago
Business applications have moved from transaction processing and monitoring to other activities. Which of the following is NOT o
AVprozaik [17]

Answer: <em>Option (C) is correct.</em>

Explanation:

In the 21st century, business applications have come a long way. It has moved from transaction processing and monitoring to problem analysis, solution applications and other activities. Data monitoring isn't one of these activities. Since data monitoring specifically concentrates on ardently analyzing and evaluating data and also it's quality in order to make sure that it lies within the domain of the purpose.

5 0
3 years ago
All of the following are limitations of a global strategy except
alexira [117]

Answer:

B. the ability to locate activities in optimal locations

Explanation:

Global strategy is defined as an organization or company strategic guide to globalization. A decided to go global in order to reap the reward of trading in a world wide market.

Many limitations occurs in global strategization, which may include: ability to adapt, higher tariffs and so on.

But the ability to locate activities in optimal location is not a limitation. This is within the scope of a good global strategy.

6 0
3 years ago
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