All of the following are true statements EXCEPT:

Jewell-rung was a canadian corporation that imported and sold men's clothing wholesale. haddad was a new york corporation that m

Oxana [17]

Lost profits are consequential damages. Haddad is right that a buyer may not recover consequential damages that it could have prevented by cover. But Jewell-Rung offered legitimate reasons for not covering: the only Lakeland garments now available to it were those made by Olympic. Olympic would not sell a competitor the garments at reasonable prices. Further, Jewell-Rung could not rely on the quality of the garments manufactured by a different company. Jewell-Rung's failure to cover was reasonable and the company was entitled to prove its lost profits. Jewell-Rung Agency, Inc. v. Haddad Organization, Ltd

6 0

3 years ago

A customer asks Roger a question about a product, and he isn't sure of the correct answer. He immediately phones his supervisor

Vikentia [17]

Answer:

Roger used the technique of "responding to every concern by the customer" for building positive customer relations.

Explanation:

Building up strong customer relationships includes following techniques:

Communication which means inquiring customer needs and wants, listening to them, providing them information.
Exceeding Customer Expectations
Providing Value in the form of quality products and services
Responding to every concern which means taking each and every question, doubts or concerns of a customer seriously and providing them with the required information.

In the given case, the moment Roger knew that he wasn't sure of the information asked for, he immediately rang up his superior to get the exact correct information so as not to disappoint the customer.

This technique relates to responding to every concern by a customer.

5 0

2 years ago

Topik is a product that is sprayed on thinning hair and makes the hair appear thicker. The manufacturer considers its potential

Alik [6]

Answer:

(C) target market

Explanation:

The group of people for which a product is designed and aimed to is the product's target market. In this case, Topik is a product that aims to sell to blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes, which is the product's target market.

The answer is (C).

4 0

3 years ago

Which of the functions of the Federal Reserve is appropriately matched with its correct institution?

alisha [4.7K]

Answer: C

Explanation: C. Holds reserve balances for depository institutions; The Federal Reserve Bank. The Federal Reserve operates with a sizable balance sheet that includes a large number of distinct assets and liabilities. The Federal Reserve's balance sheet contains a great deal of information about the scale and scope of its operations. For decades, market participants have closely studied the evolution of the Federal Reserve's balance sheet to understand more clearly important details concerning the implementation of monetary policy. Over recent years, the development and implementation of a number of new lending facilities to address the financial crisis have both increased complexity of the Federal Reserve's balance sheet and has led to increased public interest in it.

Each week, the Federal Reserve publishes its balance sheet, typically on Thursday afternoon around 4:30 p.m. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks," available on this website. The various tables in the statistical release are described below, an explanation of the important elements in each table is given, and a link to each table in the current release is provided. The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed board of governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, regulate and oversee privately owned commercial banks.[15][16][17] Nationally chartered commercial banks are required to hold stock in, and can elect some of the board members of, the Federal Reserve Bank of their region. The Federal Open Market Committee (FOMC) sets monetary policy. It consists of all seven members of the board of governors and the twelve regional Federal Reserve Bank presidents, though only five bank presidents vote at a time (the president of the New York Fed and four others who rotate through one-year voting terms). There are also various advisory councils. Thus, the Federal Reserve System has both public and private components.

5 0

3 years ago

Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upco

inessss [21]

Answer:

Over Applied Overhead = $ 4000

Actual Manufacturing Overhead = $45,000

Manufacturing Overhead Applied = $ 49,000

Explanation:

Job 101 Job 102 Job 103

Total Direct materials $ 19,200 $ 14,400 $ 9,600 $ 43,200

Direct labor $ 28,800 $ 11,200 $ 9,600 $ 49,600

Machine hours 1,000 hrs 4,000 hrs 2,000 hrs 7,000 hours

Manufacturing overhead $ 7000 $ 28,000 14,000

Total $ 55,000 53,600 33,200

Actual overhead costs recorded during the first month of operations totaled $45,000.

Journal Entries

Sr. No Particulars Debit Credit

Job 102 Finished Goods 53,600

Work In Process 53,600

A journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion.

Job 101 Sales 60,000

Cost Of Goods Sold 60,000

Journal entries to recognize the sales revenue and cost of goods sold for Job 101.

Job 101 Cost of Goods Sold 55,000

Finished Goods Inventory 55,000

Manufacturing Overhead Applied = $ 7000 + $ 28,000+14,000 = $ 49,000

Job 101 = 1000/60,000 * $ 420,000= $ 7000

Job 102 = 4000/60,000 * $ 420,000= $ 28000

Job 103 = 2000/60,000 * $ 420,000= $ 14000

Actual Manufacturing Overhead = $45,000

Over Applied Overhead = $ 4000

Manufacturing Overhead Accounts $ 4000 debit

Cost of Goods Sold $ 4000 Credit

Entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.

(Entry to reduce the amount of Over applied Overhead)

6 0

3 years ago