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3 years ago

Olivia is a florist who specializes in roses.

Business

1 answer:

Eva8 [605]3 years ago

6 0

Answer:

Olivier does have sufficient contract rights because she already signed a 5 year contract to supply as many roses as possible to Juan. Juan cannot come at the end of two years and break the contract

Explanation:

1. 1. What contract rights and remedies, if any, does Olivia have against Juan?

The most important point of focus from the aspect of the law and statute of frauds is that from the scenario it was stated clearly that ''She has a <u>five-year written contract with Juan to sell him as many roses as he needs for his wedding chapel.</u> ''

Olivier does have sufficient contract rights because she already signed a 5 year contract to supply as many roses as possible to Juan. Juan cannot come at the end of two years and break the contract

2. What contract rights and remedies, if any, does Olivia have against Ann?

The scenario states clearly that ''Ann emailed Olivia an order for <u>"1,000 white stems''</u> and ''Olivia instead sent orchids, the only "white stems" available at the time.''

Hence Olivia fulfilled Ann's orders and Ann has absolutely no case at all. Olivia has acted in accordance to Ann's request and has full rights to claim her payment.

3. What defenses, if any, do Juan and Ann have?

In summary the defenses of both parties are weak

1. Juan has a defense of unforeseen financial difficulties but this will be insufficient to override a written contract

2. Ann assumed that Olivia would send roses but assumption does not work in the eyes of the law but written agreements.

Additionally, Ann could argue that Olivia should have communicated the price of the orchids at the point of processing Ann's orders.

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Is often gathered BEFORE primary data

Explanation:

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3 years ago

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3 years ago

The following information is available for Cheyenne Corp..

Alenkinab [10]

Answer:

(a) Earnings per share for 2022 and 2021 for Cheyenne are as follows:

Earnings per share for 2002 = $1.21

Earnings per share for 2001 = $1.10

(b) The current ratio and debt to assets ratio for each year are as follows:

Current ratio for 2002 = 2.40

Current ratio for 2001 = 1.25

Debt to assets ratio for 2002 = 29%

Debt to assets ratio for 2001 = 41%

(c) Free cash flow for each year are as follows:

Free cash flow for 2002 = $63,000

Free cash flow for 2001 = $44,000

Explanation:

(a) Compute earnings per share for 2022 and 2021 for Cheyenne. (Round Earnings per share to 2 decimal places, e.g. $2.78.)

These can be calculated using the following formula:

Earnings per share = (Net income - Preferred dividends) / Average shares outstanding ..................... (1)

Where;

Average common shares outstanding = (Common shares outstanding at beginning of year + Common shares outstanding at end of year) / 2

Using equation (1), we have:

Earnings per share for 2002 = (81,700 - 9,705) / ((42,000 + 77,000) / 2) = $1.21

Earnings per share for 2001 = (51,615 - 9,705) / ((31,700 + 44,500) / 2) = $1.10

(b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimal places, e.g. 15%.)

These can be calculated using the following formula:

Current ratio = Current assets / Current liabilities ................... (2)

Debt to assets ratio = (Total liabilities / Total assets) * 100 .............. (3)

Using equation (2), we have:

Current ratio for 2002 = 56,880 / 23,700 = 2.40

Current ratio for 2001 = 39,625 / 31,700 = 1.25

Using equation (3), we have:

Debt to assets ratio for 2002 = (70,180 / 242,000) * 100 = 29%

Debt to assets ratio for 2001 = (84,870 / 207,000) * 100 = 41%

(c) Compute free cash flow for each year.

These can be calculated using the following formula:

Free cash flow = Net cash provided by operating activities - Expenditures on property, plant, and equipment .................(4)

Using equation (4), we have:

Free cash flow for 2002 = $91,700 - $28,700 = $63,000

Free cash flow for 2001 = $57,700 - $13,700 = $44,000

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3 years ago

A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage

Mandarinka [93]

The amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

<h3>What is depreciation expense?</h3>

Depreciation expense is the cost of a depreciated asset for a specific period, and it reveals how much of the asset's value was used up in that year.
Accumulated depreciation is the entire amount of depreciation expense given to an asset since it was placed in service.
A business spends $84,000 on new display racks with a useful life of 7 years (84 months) and no residual value.
The corporation would most likely choose a straight-line depreciation technique, which would result in a $1,000 monthly depreciation expenditure ($84,000/84 months = $1,000 per month).

The straight-line technique of calculating depreciation expense is given below:

= (Original cost - salvage value) ÷ (useful life)
= ($173,000 - $8,600) ÷ (10 years)
= ($164,400,000) ÷ (10 years)
= $16,440

In this method, the depreciation is the same for all the remaining useful life.

Now for the 7 months, the depreciation expense would be:

= $16,440 × 7 months÷ 12 months
= $9,590

Therefore, the amount to be recorded as depreciation expense on December 31, 2021, is (B) $9,590.

Know more about depreciation expenses here:

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The correct question is given below:

A company purchased factory equipment on June 1, 2021, for $173000. It is estimated that the equipment will have a $8600 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2021, is ______.

(A) $16440.

(B)$9590.

(C)$8220.

(D)$6850.

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2 years ago

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Answer:

Both mutual funds and money market funds are similar in the sense that they pool money from several investors in a variety of instruments. The difference is that money market funds pool the money in very liquid, short-term securities, while mutual funds do the same but in less liquid, longer-term securities.

The 63-year-old neighbor should therefore split the money around 60/40, 60% of the funds for mutual funds, in order to have long-term security, and 40% in the money market funds, in order to have quick cash available when needed.

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3 years ago