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forsale [732]
3 years ago
7

The plaintiff and the defendant entered into a three-year contract in which the defendant would be the sole supplier of steel pa

rts that the plaintiff used in its products. A dispute arose after the defendant sought to surcharge the parts sold to reflect increased costs. The plaintiff filed a lawsuit for breach of contract, and the jury returned a verdict in favor of the defendant, finding on a special verdict that there had been a valid modification to the contract, based solely on e-mails between the parties. Is this evidence enough to support a reformation of the contract?
Business
1 answer:
Sonja [21]3 years ago
7 0

Answer:

Yes

Explanation:

Emails show an agreement between the defendant and the plaintiff and as long as they are proved to be actually between the parties, it is considered evidence.

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North Side Wholesalers has sales of $948,000. The cost of goods sold is equal to 68 percent of sales. The firm has an average in
Masteriza [31]

Answer:

13 days

Explanation:

We are to calculate the days of inventory on hand.

Days of inventory on hand = number of days in a period/ inventory turnover

Inventory turnover = Cost of goods sold / average inventory

Cost of goods sold = 0.68 x $948,000 = $644,640

Inventory turnover = $644,640 / $23,000 = 28.027826

Days of inventory on hand = 365 / 28.027826 = 13.02 days

I hope my answer helps you

5 0
3 years ago
Punitive damages are damages imposed on the wrongdoer by the court as punishment for an unintentional tort.
snow_lady [41]

Answer:

False.

Explanation:

Punitive damages are the damages that a defendant pays in addition to actual damages. Punitive damages are awarded by a court when the defendant's behavior is found to be intentional or negligent.

In the cases of tort liability, the court applies punitive damages when defendants motif is proved to be intentional.

Therefore, the given statement is false, as the court impose punitive damages for intentional tort.

5 0
3 years ago
RLW-II Enterprises estimated that indirect manufacturing costs for the year would be $60 million and that 12,000 machine hours w
Montano1993 [528]

Answer: $3,150,000

Explanation:

Total cost of production will be the total sum of the material costs, labor costs and indirect costs.

Indirect Costs

It was estimated that 12,000 machine hours would be used at a cost of $60 million.

Indirect cost per machine hour is;

= 60,000,000/12,000

= $5,000 per hour

With 200 machine hours, indirect cost is;

= 200 * 5,000

= $1,000,000

Total cost of production = 1,250,000 + 900,000 + 1,000,000

= $3,150,000

5 0
3 years ago
Information that is collected for the first time from original sources is called ________.
SpyIntel [72]
Information that is collected for the first time from original sources is called primary research.

Primary research is research you contact yourself. A few examples of ways to collect primary research are through surveys, focus groups and observations.  

Secondary research is information collected from other sources that once was primary research. Although they are complete opposite to get the most accurate research data it is best to use both primary research and secondary research in your market research. 
6 0
3 years ago
POSSIBLE POINTS:
77julia77 [94]

Answer:

Bob must use  $4,000 newspaper ads in two numbers

Explanation:

As given in the question -

Total number of people affected by $5,000 TV ad = 250

Total number of people affected by  two $5,000 TV ad = 2* 250 = 500

Total number of people affected by $5,000 TV ad = 280

Total number of people affected by two $5,000 TV ad = 2* 280 = 560

Hence, more number of people are affected by two news paper adds of $4,000

8 0
3 years ago
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