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
user100 [1]
3 years ago
9

In March, Nigel agrees to sell manufactured goods to Marilyn, who agrees to pay for the goods by a promissory note, payable in s

ix (6) months ("Note"). The goods arrive at Marilyn's store, and she sends the signed Note to Nigel. Nigel immediately sells the Note to Carl for value. It turns out that the goods are not well made and fall apart after a few uses. Marilyn's customers start returning the goods to her; and when the Note is due, Marilyn refuses to pay Carl.
Business
1 answer:
Brilliant_brown [7]3 years ago
4 0

Answer:

Marilyn take a good decision.

Explanation:

Marilyn refuses to pay Carl because Marilyn did not sell any goods due to its bad quality so Marilyn earn no money and is unable to pay Carl. Marilyn will be able to pay Carl if the goods are sold and she has the money but when there is no sale at all, Marilyn is unable to pay for the goods on the due time. Marilyn should return the goods to Nigel instead of paying money for it because these goods are useless and nobody will it at all.

You might be interested in
During the accounting period, the company purchased $234,000 of direct raw materials. it incurred $180,000 of direct labor costs
amm1812

<u>Calcualtion of Cost of goods manufactured:</u>

(Note: It is assumed that the Cost of Material used is equal to the Cost of Material Purchased $234,000)

Total manufacturing cost = Cost of Material used + Direct labor costs + Allocated manufacturing overhead costs

Total manufacturing cost = 234,000+180,000+260,000 = $674,000


It is also assumed that there were no beginning or ending work in process inventory, that means Total manufacturing cost shall be equal to Cost of goods manufactured.

Hence, Cost of goods manufactured = <u>$674,000</u>




4 0
3 years ago
An expansion at Fey, Inc., would increase sales revenues by $150,000 per year and cash operating expenses by $47,000 per year. T
ratelena [41]

Answer:

18.9%

Explanation:

8 0
3 years ago
This firm is a natural monopoly. True False If the firm produces 68 units and charges $28 per unit, it will in the long run. Whi
Maurinko [17]

Answer:

True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.

Explanation:

True. This is because the curve of ATC shifted downward to show an increase in output. As the ATC curve moves downward, the quantity of goods increase while the price decreases. The quantity of goods produced is equivalent to 68 units which is consistent with the regulation of price. Price regulation is used to manage the effects of monopoly on the market system.

3 0
2 years ago
Ethan is planning for his retirement. He has narrowed it down to two investment options. The first is an ira where monthly payme
vlada-n [284]

Answer:

a.

IRA; $3,552.72

Explanation:

3 0
1 year ago
Gelb Company currently manufactures 43,000 units per year of a key component for its manufacturing process. Variable costs are $
Mashutka [201]

Answer:

It is cheaper to buy the component. At this level of production by $40,750.

Explanation:

Giving the following information:

Production= 43,000 units

Variable costs are $2.95 per unit

Avoidable Fixed costs= $73,000 per year

Unavoidable fixed costs= $77,500 per year.

The company is considering buying this component from a supplier for $3.70 per unit.

We need to calculate the cost of producing and buying and choose the best option.

Production:

Total cost= 43,000*2.95 + 73,000= $199,850

Buy:

Total cost= 43,000*3.7= $159,100

It is cheaper to buy the component. At this level of production by $40,750.

8 0
3 years ago
Other questions:
  • If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product
    11·1 answer
  • What factor led to the explosive growth of digital crime over the past few decades?
    15·1 answer
  • Keeping in mind kinetic energy of a moving vechile , how can a driver best prepare to enter sharp curves in the roadway ?
    8·1 answer
  • What is demand? (Select the best answer.) The amount of something available to consumers The amount of something consumers want
    6·2 answers
  • Linda and Richard are married and file a joint return for 2019. During the year, Linda, who works as an accountant for a nationa
    11·1 answer
  • How to get a personal loan with bad credit?
    6·1 answer
  • Mackenzie is spending weeks in deciding which pair of jeans to buy because she is considering all the factors involved, such as
    12·2 answers
  • Importance of completing client records correctly
    6·1 answer
  • What are your goals for a job?
    11·1 answer
  • What is a commodity?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!