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Katena32 [7]
3 years ago
7

British Textile Manufacturer entered into a contract with Cotton Broker for 2,000 bales of cotton to be shipped from India to En

gland on the ship "Peerless, sailing from Bombay." The contract was silent about the shipping date. Buyer expected the cotton to be shipped on the Peerless that sailed from Bombay in October; seller expected to ship the cotton on the Peerless that sailed from Bombay in December. By the time the second ship arrived in England, buyer had found another supplier and refused to accept the cotton. Does manufacturer have any defenses to the breach of contract suit brought by Broker?
Business
1 answer:
sukhopar [10]3 years ago
8 0

Answer:

Yes, there was a bilateral mistake of material fact.

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Several years ago the jakob company sold a $1,000 par value, noncallable bond that now has 20 years to maturity and a 7.00% annu
vladimir2022 [97]
4.65% is the component cost of the debt for use in the wacc calculation
4 0
3 years ago
Explain the difference between a credit and a debit cards; weighing the pros and cons of both.
Katena32 [7]
Credit cards allow you to buy goods and services with credit and if you go over the credit limit you’ll be charged an overdraft fee but with debit cards you can connect the money you earn from your job to the card and spin the money on the card but when the money is gone you have to wait till next paycheck to spend more but they will not be an overdraft fee also credit cards can affect your ability to be approved for loans and pay house mortgages if your credit score is bad meaning you don’t have a good history of paying your bills on time it will make it hard for you to apply for car loans in house mortgages
7 0
2 years ago
Gannon Company acquired 10,000 shares of its own common stock at $20 per share on February 5, 2014, and sold 5,000 of these shar
DiKsa [7]

Answer:

The credit entry for the issue of 5000 shares is:

Cr Treasury stock                                       $100,000

Cr Paid-in capital from treasury stock          $35,000

Explanation:

The par value of the common stock issue($20 per share) is credited to treasury stock account, while the excess of issue price of $27 over the par value of $20, $7 per share is credited to paid-in capital from treasury stock

The full double entries for the issue of 5000 shares is as follows:

Dr Cash ($27*5000)                                                 $135,000.00  

Cr Treasury stock($20*5000)                                                          $100,000

Cr Paid-in capital from treasury stock($7*5000)                                $35,000

Under International Financial Reporting Standards, the credit entries would be that par value is credited to equity share capital and the excess credited to share premium account.

                                 

3 0
3 years ago
Servant-leaders create and sustain an organization's customer focus by employing which of the following attributes?
Akimi4 [234]

Answer:

All of the above

Explanation:

Servant-leadership aims at creating a "servant-hood" attitude in all employees that interact with customers.  An organization has internal and external customers.  A servant -leader understands that customer focus is about ''serving'' others. Everyone in the organization that engages customers must demonstrate "servant-hood. "

Servant-leaders create and sustain an organization's customer focus by establishing a customer service training program. Training ensures values are respected and observed by all. Training instills the desired behavior and response in employees. Through training, standards are set and maintained.   A servant- leader deploy mechanisms to monitor and evaluate performance. This allows for corrective actions to guarantee quality service.

8 0
3 years ago
If the required rate of return on a bond (rd) is greater than its coupon interest rate and will remain above that rate, then the
Blizzard [7]

Answer:

a. True

Explanation:

Answer this question using YTM, coupon rate, price and par value relationship/rules.

If YTM > coupon rate, then Price < Par value

If YTM < coupon rate, then Price > Par value

If YTM = coupon rate, then Price = Par value

In this case, the assumption is that YTM > coupon rate, hence based on the above rules, the Price or market value of the bond will be < Par value. This makes the statement true.

6 0
3 years ago
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