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Vadim26 [7]
3 years ago
14

Widget, a manufacturer of widgits, agreed to supply Midgit all the widgits that Midgit needed in his gidgit business. For severa

l years prior to this agreement, Midgit used between 2,500 and 3,000 Widgit widgits per month. In the sixth month of their agreement, Midgit ordered 10,000 widgits. Widgit said it would not honor the order. Is this a valid agreement? Is Widgit liable to Midgit for breach contract? Why or why not?
Business
1 answer:
ZanzabumX [31]3 years ago
4 0

Answer:

It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.

Explanation:

Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.

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Answer:

The correct statement related to the pro forma statements is:

The addition to retained earnings is equal to net income less cash dividends.

Explanation:

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2 years ago
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
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Answer:

a professional organization

Explanation:

A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.

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8 0
2 years ago
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A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all
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Answer:

Barley $29,000; Carter $23,000 ;Desai $0

Explanation:

Calculation to determine How much of this money should each of the partners receive

PARTNER WITH DEFICIT CAPITAL BALANCE

Barley,Capital(50%) Carter,Capital(30%)

Desai,Capital(20%)

Reported balances $44,000 $32,000 $(24,000)

Potential loss from Desai deficit

(split 5/8:3/8)

($15,000)($9,000) $24,000

Barley (5/8*$24,000=$15,000)

Carter (3/8*$24,000=$9,000)

Desai($15,000)($9,000) =$24,000

Cash distributions $29,000 $23,000 $0

Barley ($44,000-$15,000=$29,000)

Carter, ($32,000-$9,000=$23,000)

Desai($24,000-$24,000=0)

Therefore The amount of the money that each of the partners should receive is :

Barley $29,000; Carter $23,000 ;Desai $0

8 0
2 years ago
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Answer:

<u>Scorecards.</u>

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Two methods described for communicating metrics are dashboards and scorecards. These are not mutually exclusive as these can be related and used simultaneously.

Scorecards compares the strategic goals with the actual performance called results. It is a vertical strategy in which management implements its strategies while moving the symmetrical step with goals.

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3 years ago
Which of the following documents will a bank issue in order to secure a loan with your personal assets? A Guarantee and surety a
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A.

Hope this helps :)

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