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Salsk061 [2.6K]
3 years ago
12

Bill and Mary sign a contract whereby Bill is going to deliver 400 pairs of shoes to Mary's warehouse by noon on Tuesday. The co

ntract states that the shoes will come on 4 wooden pallets. Bill knows that the shoes will come on 4 metal pallets. Mary's warehouse is full of goods on both wooden and metal pallets. Mary decides she does not want the shoes and so sues to rescind the contract based on fraudulent misrepresentation. What is the outcome?
Business
1 answer:
MariettaO [177]3 years ago
8 0

Answer:

Bill shall win the case, even when he has a fault but that is not relevant.

Explanation:

In case Mary do not want the pair of shoes then she shall reject the pair, and pay the liability as stated in the contract, in case of fault by the party in the contract.

As she has many metal pallets also the fact that Bill delivers the shoes along with metal pallets and not with wooden pallets, is not a major default for the grounds to be sued by Mary.

As this clearly do not make any fault in the quality of shoes delivered, time of shoes delivered etc:

Thus, Bill shall win the case.

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The office supports the _____ in a business through engaging sufficient staff to convince the public to purchase the goods and s
borishaifa [10]

Answer:

c, I think

Explanation:

because if it is to convince the public to purchase the goods and services, then it would be the production of the goods and services.

Sorry, I don't know if this is correct or not, but I hope this answered your question. Have a nice day! ^ ^

4 0
3 years ago
If inventory is being valued at cost and the price level is steadily rising, which of the three costing methods (FIFO, LIFO, wei
Nat2105 [25]

Answer:

LIFO                

Explanation:

It will be the one that give higher Cost of goods sold. We also know that:

Cost of goods sold = Opening Inventory + Inventory Purchases - Closing Inventory

So this means the lower the closing inventory the higher the cost of goods sold and in time of price increases it will be more appropriate to use LIFO method which will reduce the Closing Inventory and this will increase the cost of goods sold and thus decrease in profit. This reduced profit means that the tax expense will also be lower in value.

Similarly the second attractive option will be the Weighted Average and the least attractive option would be FIFO costing method.

5 0
3 years ago
1. Identify each account as an asset​ (A), liability​ (L), or equity​ (E).
Novosadov [1.4K]

Answer:

Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance

Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance

Calhoun Capital:  Equity, Credit balance, Credit increases the balance, debit reduces such balance

Office Supplies:  Asset, Debit balance, Debit increases the balance, credit reduce such balance

Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance

Unearned Revenue: Liability, Credit balance, credit increases the balance, debit reduces such balance

Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance

5 0
3 years ago
An indication of one’s lifestyle is __________________.
Bezzdna [24]

Answer:

all of the above

Explanation:

all of these indicates one's lifestyles.

8 0
2 years ago
The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The
max2010maxim [7]

Answer:

$1.25

Explanation:

With regards to the above and given that;

Direct material = $510 310

Direct labor = $410 $670

Manufacturing overhead?

Work in process = Direct material + Direct labor + manufacturing overhead

$3,250 = $820 + $1,080 + MOH

$3,250 - $1,900 = MOH

MOH = $1,350

Overhead rate = MOH/Direct labor hour

= $1,350/1080

= $1.25

3 0
3 years ago
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