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Brut [27]
3 years ago
9

​ National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National hires

Overland Transport, Inc., to take the pump to American Hydraulics and to return it to National as soon as the repair is complete. National is forced to suspend operations without a pump, but Overland does not know this. National expects to be without the pump for five days and to lose profits of $5,000. When the pump is not returned by the end of the fifth day, National rents a pump at a cost of $100 per day. Overland delays five more days before returning the pump. National files a suit against Overland, asking for compensatory, consequential, and punitive damages. Will National recover?
Business
1 answer:
Vadim26 [7]3 years ago
8 0

Answer:

The answer is: National will succeed in its claim for compensatory damages only (no consequential or punitive damages).

Explanation:

Overland's failure to perform breached the contract it had with National. So National can sue to recover the costs of renting the pump for the five days delay. Any expenses that are caused by a contract breach may be recovered as compensatory damages.  

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Financial statement data at December 31 for Ecco Company are as follows: Cost of goods sold $552,500 Inventories: Beginning of y
nikitadnepr [17]

Answer:

b.112.3 days

Explanation:

The computation of the number of days' sales in inventory for the year is shown below:

Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year

= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days

= ($170,000)  ÷ ($552,500) × 365 days

= 112.3 days

7 0
3 years ago
For each scenario, select the appropriate distribution density classification.1. Snack Time-Frito-Lay knows that hunger can stri
Karolina [17]

Answer:

1. Intensive Distribution

2. Selective Distribution

3. Intensive Distribution

4. Exclusive Distribution

5. Selective Distribution

6. Exclusive Distribution

Explanation:

Intensive Distribution is the one in which the product is available almost everywhere. That the product is easily available and the company ensures that it has a wide range of consumers.

Selective Distribution is the one in which the product is available only at some identified places, as for example the 5. point the apple phones are available usually at apple stores or some other specified mobile sellers, thus it is easily available yet at some limited shops only.

Exclusive Distribution is the one in which the product is available only at some exclusive shops, as in the 4th point and 6th point the luxury brand is not easily available and rather at only a few outlets of the company.

8 0
3 years ago
Which property of an object describes how easily electricity travels trough it?
MaRussiya [10]
The conductivity of the object
7 0
3 years ago
1.Danner Company expects to have a cash balance of $45,000 on January 1, 2017. Relevant monthly budget data for the first 2 mont
Nat2105 [25]

Answer:

\left[\begin{array}{ccc}&January&February\\$beginning&45000&27500\\$receipts&97000&150000\\$disbursement&-114500&-163500\\$interest&0&0\\$subtotal&27500&14000\\$minimun&20000&20000\\$Financing&&\\$beginning&0&0\\$payment/loan&0&6000\\$ending&0&6000\\&&\\$ending cash&27500&20000\\\end{array}\right]

Explanation:

On January we collect the 85,000 from revenues and the 12,00 form marketable securities.

Then, we add up each disbursement:

Materials 50000

Labor       30000

Overhead (net of depreciation) 19,500

Selling and administrative 15000

Total 114,500

Then we solve for the cash balance and get the blaance as it is higher than 20,000 we do not need financing

Then, this value is the beginning cash for February. As the ending balance is 14,000 we will take 6,000 financing to reach the bare minimum of 20,000

3 0
3 years ago
Cushman company, inc. had $812,000 in net sales, $355,250 in gross profit, and $203,000 in operating expenses. cost of goods sol
ch4aika [34]
To solve for the cost of goods sold (COGS):
COGS = Net sales - gross profit
COGS = $812,000 - $355,000
COGS = $457,000

The cost of doors sold is the costs that are used for production of the goods the company sells. It includes materials used for creating the product and labor. 
6 0
3 years ago
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