If you help with my question i will get you brainlist

Adam entered into a contract with Ben for the purchase of ten tons of coal for $200. Ben refused to supply the coal and Adam had

Pavel [41]

Answer: B the measure of consequential damages is $100. Because Adam would have a profit of $100 is Ben had not refused to supply the coal.

8 0

3 years ago

2. The Jasmine Tea Company purchased merchandise from a supplier for $43,338. Payment was a noninterest-bearing note requiring J

cestrela7 [59]

Answer:

3%

Explanation:

Given the following :

Purchased merchandise = $43,338

Number of payments required = 6

Payment per period = $8,000

PV factor (PVIFA) = (purchased merchandise / payment per period)

PVIFA = (43,338 / 8000) = 5.41725

Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.

For PVIFA of 5.4172, the interest rate is 3%

Hence the implicit Interest t rate = 3%

PVIFA = [1 - (1+r)^-n] ÷ r

4 0

3 years ago

Local Co. has sales of $ 10.2 million and cost of sales of $ 5.7 million. Its selling, general and administrative expenses are

hoa [83]

Answer:

a. What is Local's gross margin? (Round to one decimal place.)

0.4412 / 44.12%

b. What is Local's operating margin? (Round to one decimal place.)

0.1618 / 16.18%

c. What is Local's net profit margin? (Round to two decimal places.)

0.1049 / 10.49%

Explanation:

Local Co.

Income Statement for the year ended MM DD, YY

$, million

Sales 10.20

-Cost of sales 5.70

=Gross Income 4.50

-Selling, general and administrative expenses 0.55

-Research and development 1.20

-Annual depreciation charges 1.10

=Operating Income 1.65

-Tax rate of 35 %. 0.58

=Net Income 1.07

(a) Gross Margin = Gross Income / Sales = 4.50 / 10.20 = 0.4412 = 44.12%

(b) Operating Margin = Operating Profit / Sales = 1.65 / 10.20 =0.1618=16.18%

(c) Net Profit Margin = Net Income / Sales = 1.07 / 10.20 = 0.1049 = 10.49%

3 0

3 years ago

Ellcrys Corp. writes 71 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after t

Vlad [161]

Answer:

Yes

Disbursement float of $5,515

Explanation:

Yes Based on the information given this a DISBURSEMENT FLOAT

Calculation to determine the value of the float

First step is to calculate the Disbursement float

Disbursement float = 71 × $537 × 3.75 days

Disbursement float = $142,977

Second step is to calculate the Collection float

Collection float = 68 × $622 × 3.25 days

Collection float = $137,462

Now let calculate the value of the float

Value of the float =$142,977 - $137,462

Value of the float = $5,515

Therefore the Value of the float will be $5,515

6 0

2 years ago

Coverage is open peril on the Jewelers Block Floater but there is no coverage for ___________ unless added as an optional covera

hram777 [196]

Answer:

The correct answer is C

Explanation:

Coverage is open peril on the Jewelers Block Floater but there is no coverage for Broken or smashed show windows unless added as an optional coverage.

The show window optional coverage provides theft coverage for articles in a show window if the window is broken or smashed, and different limits apply when the business is open or closed or alarmed or not.

GOOD LUCK

5 0

3 years ago