1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fiesta28 [93]
3 years ago
9

In the past six months, Supplier has made late deliveries to many customers and a good portion of the goods delivered have been

defective. Buyer is worried that an important scheduled delivery will be late or nonconforming. Buyer sends a written request to Supplier asking for confirmation that the contract terms will be met. If Supplier does not respond to Buyer's written request within ______, Buyer is entitled to assume that Supplier has repudiated the contract and may purchase the goods from another seller.
a. ten days
b. thirty days
c. three months
d. six months
Business
1 answer:
geniusboy [140]3 years ago
3 0

Answer:

The correct answer is letter "B": thirty days.

Explanation:

Anticipatory Breach or Repudiation is the notification one party in a contract lets the other party know that the obligations stipulated in the initial agreement will not be met.  

According to the rules if the Uniform Commercial Code (UCC), if one of the parties has good enough reasons to believe that the other party is not going to fulfill its obligations in a contract, that party can request an "<em>adequate assurance of performance</em>". If the request is not answered after 30 days, the requesting party can assume the counterparty has repudiated the contract, thus, the requesting party can look for another provider to make a new agreement.

You might be interested in
Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid
Elodia [21]

Answer:

The correct answer is B: $5,600

Explanation:

Giving the following information:

Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.

Double-declining balance method= Netbook value* (2/useful life in years)

Year 1:

Double-declining balance method= (40000-5000)*(2/10)= $7000

Year 2:

Double-declining balance method= (35000-7000)*0.20= $5,600

7 0
2 years ago
It’s important to consider whether you should address an acquaintance formally or informally.
VARVARA [1.3K]

Answer:

True

Explanation:

Im sorry please forgive me I messed up big time

4 0
3 years ago
Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating
Mkey [24]

Answer:

Decker Enterprises

Based on the projections, Decker will have:___________:

b.) a financing surplus of $36

Explanation:

a) Data and Calculations:

Income Statement            Current        Projected

Sales                                     na              1,500

Costs                                    na              1,050

Profit before tax                   na                450

Taxes                                    na                 135

Net income                           na                315

Dividends                              na                95

Balance sheets    Current  Projected                          Current   Projected

Current assets        100        115          Current liabilities 70          81

Net fixed assets   1,200    1,440          Long-term debt 300      360

                                                             Common stock 500      500

                                                        Retained earnings 430      650

Total                    1,300     1,555            Total              1,300     1,591

b) Financing surplus             36

c) Decker Enterprises does not need additional financing, but has excess financing because the Liabilities and Equity are greater than the assets.

8 0
2 years ago
Karen Company had the following account balances prior to the write off of a $100 customer account:
IRINA_888 [86]

Answer:

A) $9,100, $9,100

Explanation:

Calculation for the net realizable value of the receivables before

Accounts receivable $9,500

Less Allowance for doubtful accounts 400

Net realizable value of the receivables BEFORE $9,100

Calculation net realizable value of the receivables after the write-off

Accounts receivable $9,500

Less Allowance for doubtful accounts 400

Net realizable value of the receivables AFTER $9,100

Therefore The net realizable value of the receivables before and after the write-off was

$9,100, $9,100

7 0
3 years ago
What is risk, as pertains to investing?
Archy [21]
C:the chance you take that your investments will lose their value
3 0
3 years ago
Read 2 more answers
Other questions:
  • Question 1 Saved
    15·1 answer
  • The demand for cable television is relatively elastic, because if the price gets too high, people will rent dvds or videos inste
    5·2 answers
  • An example of a cost would be _____. <br> profit<br> revenue <br> fire <br> salaries
    7·2 answers
  • To attract customers into a store, Safeway advertises its milk at less than cost, hoping that customers will purchase other groc
    6·1 answer
  • The advantage to savers and investors of receiving compound interest rather than simple interest is that future values are large
    8·1 answer
  • What is greater 135 inches or 11 feet?
    9·2 answers
  • The capital allocation line can be described as the:.
    14·1 answer
  • HELPPPPP
    15·1 answer
  • Which is not the application of ahp?
    11·1 answer
  • The _______ section of the marketing plan consists of a detailed description of the article being offered.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!