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Answer: A reduction is mortality rate and an increase in the number of reproductively active male and female specie of the population.
Explanation: For an increase in population size to occur among a certain animal specie, there needs to be a reduction in the death rate(mortality rate) of that specie and an increase in birth rate in that specie which arises as a result of an increase in the number of reproductively active male and female population in the specie.
Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
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Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.
Answer:
8.5
Explanation:
The company interest expense is $26,000
The income tax is $221,000
The net income is $106,100
Therefore the company times interest earned ratio can be calculated as follows
= Income tax/interest expense
= 221,000/ 26,000
= 8.5
Hence the company times interest earned ratio is 8.5
Answer: the correct answer is D) Contract asset: $0, contract liability: $380,000, accounts receivable, $0.
Explanation: Contract asset is $0 because the asset belongs to the company that has the equipment which is Packard Associates. Gupta has a liability of $380,000 because it has to deliver the equipment. Accounts receivable are $0 because the equipment hasn't been delivered yet.