Inez has a specific set of plans to build a sailboat. the plans are detailed in nature, and any boat builder can build the boat. inez secures bids, and the low bid is made by the whale of a boat corp. inez contracts with whale to build the boat for $4,000. whale then receives unexpected business from elsewhere. to meet the delivery date in the contract with inez, whale delegates its obligation to build the boat, without inez's consent, to quick brothers, a reputable boat builder. when the boat is ready for delivery, inez learns of the delegation and refuses to accept delivery, even though the boat is built to specifications. discuss fully whether inez is obligated to accept and pay for the boat. would your answer be any different if inez had not had a specific set of plans but had instead contracted with whale to design and build a sailboat for $4,000? explain.
Inez may not be obligated to accept and pay for the boat if Whale of a Boat Corp delegated the obligation to another boat builder without consent. However, if Inez had contracted with Whale to design and build a sailboat without specific plans, Inez would be obligated to accept and pay for the boat as long as it is built to specifications.
Explanation:Inez may not be obligated to accept and pay for the boat in this situation. The delegation of the obligation to build the boat to Quick Brothers without Inez's consent could be considered a breach of contract by Whale of a Boat Corp. Inez contracted with Whale to specifically build the boat, and the delegation to Quick Brothers may not fulfill that requirement.
If Inez had contracted with Whale to design and build a sailboat for $4,000 without providing specific plans, the situation would be different. In this case, Inez would be obligated to accept and pay for the boat as long as it is built to specifications. The presence of specific plans in the first scenario creates a more specific contractual obligation.
Learn more about obligation to accept and pay for the boat here:https://brainly.com/question/7138388
#SPJ3
The average working man has __________ leisure time each day in comparison with the average working woman.
What are the trade-offs in a retailer's deciding how much to emphasize private brands rather than manufacturer's brands?
Final answer:
The trade-offs in a retailer's decision to emphasize private brands or manufacturer's brands involve costs, quality control, and customer preference.
Explanation:
In a retailer's decision to emphasize private brands over manufacturer's brands, there are several trade-offs to consider.
One trade-off is the cost of creating and marketing the private brands. Developing and promoting private brands requires significant investment in research, development, and advertising. On the other hand, if a retailer decides to emphasize manufacturer's brands, they can leverage the manufacturer's established brand reputation and marketing efforts.
Another trade-off is the control over product quality and consistency. With private brands, the retailer has more control over the quality and can maintain consistent standards across their products. However, relying heavily on manufacturer's brands means placing trust in the manufacturers to consistently deliver high-quality products.
Lastly, there is the issue of customer preference. Private brands may appeal to some customers who appreciate the exclusivity and unique offerings. On the other hand, manufacturer's brands often have broader recognition and customer trust.
So I have my first interview for a cashier and I need help?
Parrino corporation has announced that its net income for the year ended june 30, 2008, is $1,824,214. the company had an ebitda of $5,174,366, and its depreciation and amortization expense was equal to $1,241,790. the company's average tax rate is 34 percent. what is the amount of interest expense for the firm?
If all of the items in EBITDA (earnings before interest,
tax, depreciation and amortization) are given except one in this case it is tax,
you can crack for the missing item.
First you need to find the earnings before tax.
The Net income is = $1,824,214
The Tax rate is 34%, so the company's EBT amount is calculated as:
$1,824,214/ 0.66 = $2763, 960.61
Add depreciation and amortization back to that figure and get:
$2763, 960.61 + $1,241,790 = $4,005,750.61.
The difference between that, and the EBITDA amount will be the interest expense
for the year.
$5,174,366 - $4,005,750.61= $1,168,615.39
$1,168,615.39 is your interest expense for the year
Now, suppose that mexico experiences a sudden bout of political turmoil, which causes world financial markets to become uneasy. because people now view mexico as unstable, they decide to pull some of their assets out of mexico and put them into more stable economies. this unexpected shock to the demand for assets in mexico is known as capital flight.
Capital flight is a mass withdrawal of capital from a country due to instability, leading to currency devaluation, interest rate changes, and potential banking crises. It occurs in response to changes in economic factors such as interest rates, inflation, and political conditions.
Explanation:The concept of capital flight refers to the sudden and large-scale outflow of financial capital from a country due to factors such as political turmoil or economic instability. As investors perceive risks in the country's economic environment, they move their assets to more stable economies, expecting a safer or higher return. This can result in a significant drop in the value of the country's currency, as the supply increases and demand decreases in the foreign exchange markets. For example, if Mexico experiences capital flight, there will be an increase in the supply of the Mexican peso and a decrease in its demand leading to the peso's depreciation against more stable currencies such as the US dollar.
Moreover, other repercussions may include a rise in domestic interest rates, a slowing down of economic growth, and possible banking sector distress if the local banks have a mismatch between their assets (loans in local currency) and liabilities (debts in foreign currencies). Countries that borrow to invest in real capital rather than to finance consumption tend to be less susceptible to capital flight and its negative effects. International capital markets are sensitive to changes in interest rates, inflation rates, and political stability, which directly affect the supply and demand for a country's currency and its valuation in the currency markets.
Roderigo then wants to know whether you understand the impact of errors on the trial balance. if there are errors in the accounts in the general ledger, the trial balance:
If you increase your W-4 allowances, what will happen to the net pay in your paycheck, and what will happen to your total tax burden?
Janet works as a manager at unicorn infra inc. janet and her team members are primarily responsible for procuring the funds needed for the successful operation of the organization and investing that money to pursue organizational goals. thus, janet is a _____.
Janet is a financial procurement manager of Unicorn Infra Inc. She is responsible for the efficient and effective management of the company’s funds. Her function includes planning, organizing, directing and controlling of activities with regards to its procurement and use.
Glace has a ______ consistency. A. creamy B. jelly-like C. watery D. thick
Answer:
D. thick
Explanation:
Glace is a liquid that is like a syrup and it is used to provide flavor to sauces and soups. It is made by reducing the stock until it has the appearance of a syrup that has a thick consistency. According to that, the answer is that Glace has a thick consistency.
Zappos was created and made possible by a changing business-environmental factor. this factor is
Zappos was created and made possible by a changing business-environmental factor. This factor is technology.
This aspect is technology, according to one of the sources. In 1999, when e-commerce was just getting started, Zappos was established. The business's successful implementation of cutting-edge technology to provide clients with a flawless online shopping experience was a major contributor to its success.
To enhance the functionality of its website, logistics, and customer care departments, Zappos made significant technological investments. Through the use of cutting-edge supply chain and logistics management technologies, Zappos also created a 365-day return policy and offered free shipping and returns.
Learn more about on environmental factor, here:
https://brainly.com/question/29529998
#SPJ6
Your question is incomplete, but most probably the full question was.
Zappos was created and made possible by a changing business-environmental factor. This factor is
A. political.
B. legal.
C. technology.
D. competition.
E. sociocultural.
Insulorinc. is expecting cash flows of $67,000 at the end of each year for the next five years. if the firm's discount rate is 17 percent, what is the present value of this annuity?
Explain why the as curve has the slope you calculated as a result of the "sticky price theory".
What strategy should you use to obtain the lowest possible apr on a loan?
As group leader, Julie always sat at the end of the long conference table. She assigned the seat to her right to her favorite group member. The other group members were appalled when a new member took the seat to Julie's right. Their reaction was likely caused by ____________.
Can spud avoid his obligations under the contract because of this emergency job?
Which of the following is a nonprofit financial institution? A. Saving bank. B.Credit union. C. Saving bank. D. Commercial bank.
B. Credit Union A credit union is a nonprofit financial institution.
Out of the choices, a credit union is the only nonprofit organization. No money is made within a credit union and those who use the cooperative are able to borrow money from pooled deposits at generally low interest rates. A credit union offers its members traditional banking services that a commercial bank would offer, but does not take fee's from their money, just a requirement to join.
A credit union is the nonprofit financial institution among the given options. Credit unions are member-owned and focus on serving their members' financial needs, often offering better rates and lower fees than for-profit institutions.
The answer to the question of which of the following is a nonprofit financial institution is B. Credit union. A credit union is a nonprofit financial institution that is owned and operated by its members, who have a common bond such as being in a specific community or working for a particular employer. Unlike commercial banks and saving banks that operate to generate profit for shareholders, credit unions' main purpose is to serve their members, offering deposit accounts and lending services at favorable rates. The unique aspect of credit unions is that any profits they make are returned to members in the form of lower interest rates on loans and higher interest rates on deposits.
The information about players is historic. for each team, the league wants to keep track of all of the players who have ever played on the team, including the current players. for each player, it wants to know about the player's name, age, and every team the player ever played for.
Under gatt's principle of __________ tariffs, each time tariffs are reduced, they may not be raised again without compensation to other world trade organization members.
When antonia's carpet company doubled in size, average (per unit) costs of production increased. this is an example of?
The increase in Antonia's carpet company's average costs following its growth is an example of diseconomies of scale, which occur when production becomes less efficient as size increases.
When Antonia's carpet company doubled in size and the average costs of production increased, this situation is characterized as diseconomies of scale. Unlike economies of scale, where costs per unit decrease with increased production due to factors like improved efficiency and specialization, diseconomies of scale occur when a company becomes less productively efficient as it grows.
This can result from various inefficiencies such as the need to pay workers overtime or the increase in maintenance costs due to machinery overuse. A critical point to consider is that while bigger operations might benefit from economies of scale initially, there is a threshold at which the operation becomes too large and average costs begin to rise, as observed in Antonia's case.
difference between bench trial and jury trial
Answer:
1
Explanation:
Refer to landing service. because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world, the company must have a(n) ____ advantage.
what bank usually provides online banking options
Union local school district has bonds outstanding with a coupon rate of 3.5 percent paid semiannually and 13 years to maturity. the yield to maturity on these bonds is 2.5 percent and the bonds have a par value of $10,000. what is the price of the bonds?
Final answer:
To find the price of the Union local school district bonds, calculate the present value of the semiannual coupon payments and the par value at the yield to maturity rate. Then add both present values to get the bond price.
Explanation:
To calculate the price of the Union local school district bonds with the given details, we need to use the present value formula for a bond that pays semiannual coupons and has a specific yield to maturity (YTM).
The bond has a coupon rate of 3.5 percent, paid semiannually, and has 13 years to maturity. The yield to maturity (YTM) given is 2.5 percent, also with semiannual payments, and the bond has a par value of $10,000.
The coupon payment every six months is calculated as:
Coupon payment = (Coupon Rate / 2) × Par Value = (0.035 / 2) × 10,000 = $175
There are 26 remaining coupon payments since there are 13 years to maturity and coupons are paid twice a year.
The present value of the coupon payments (Annuity) is:
PV(Annuity) = C × ((1 - (1 + YTM/2)^(-Number of Payments)) / (YTM/2))
Where C is the coupon payment.
The present value of the par value (Lump Sum) is:
PV(Par Value) = Par Value / ((1 + YTM/2)^(Number of Payments))
Now, plug in the numbers:
PV(Annuity) = 175 × ((1 - (1 + 0.025/2)^(-26)) / (0.025/2))PV(Par Value) = 10,000 / ((1 + 0.025/2)^(26))Calculating both present values and then adding them will give us the price of the bond.
Today, about _____ of households nearing retirement have 401(k)-type of accounts.
Danner company expects to have a cash balance of $58,005 on january 1, 2017. relevant monthly budget data for the first 2 months of 2017 are as follows: collections from customers: january $109,565, february $193,350. payments for direct materials: january $64,450, february $96,675. direct labor: january $38,670, february $58,005. wages are paid in the month they are incurred. manufacturing overhead: january $27,069, february $32,225. these costs include depreciation of $1,933 per month. all other overhead costs are paid as incurred. selling and administrative expenses: january $19,335, february $25,780. these costs are exclusive of depreciation. they are paid as incurred. sales of marketable securities in january are expected to realize $15,468 in cash. danner company has a line of credit at a local bank that enables it to borrow up to $32,225. the company wants to maintain a minimum monthly cash balance of $25,780. prepare a cash budget for january and february. (do not leave any answer field blank. enter "0" for amounts.)
Here is the cash budget for Danner Company:
DANNER COMPANY
Cash Budget
For the Two Months Ending February 28, 2017
............................................. January..........
February
Beginning cash balance........ 58,185............ 35,557
Receipts
Collections from customers.... 109,905............ 193,950
Sale of investment ................ 15,516.......... ....... -
Total receipts ........................ 125,421 ............193,950
Total available cash........ .....183,606 ............229,507
Less: Disbursements
Payments to suppliers ............ 64,650............ 96,975
Wages …………………………...38,790............ 58,185
Administrative expenses .......... 25,214 ............
30,386
Selling expenses ..................... 19,395............ 25,860
Total disbursements .......... ....148,049 ............211,406
Excess of available cash
over disbursements ............... 35,557 ..........
.... 18,101
Financing .......... .......... ............ -
.......... .........7,759
Ending cash balance .......... .... 35,557
.......... ... 25,860
Why has the use of polling increased greatly in america? what are the negative aspects, if any?
Suppose that this year's money supply is $600 billion, nominal gdp is $15 trillion, and real gdp is $3 trillion. the price level is
What entry would blue make to record the sale of the machine for $30,250 cash?
Arthur corporation has a margin of safety percentage of 25% based on its actual sales. the break-even point is $300,000 and the variable expenses are 45% of sales. given this information, the actual profit is:
Final answer:
The actual profit is $220,000.
Explanation:
To calculate the actual profit, we need to first calculate the margin of safety, which is given as 25%. Margin of safety is the difference between actual sales and the break-even point sales. Let's assume the break-even sales as B.
Margin of Safety = (Actual Sales - Break-even Sales) / Actual Sales
25% = (Actual Sales - $300,000) / Actual Sales
Solving this equation, we find that the actual sales is $400,000.
Now, we can calculate the actual profit, which is the difference between actual sales and total variable expenses.
Actual Profit = Actual Sales - (Variable Expenses)
Given that variable expenses are 45% of sales, we have: Variable Expenses = 45% * $400,000 = $180,000.
Substituting these values, we find that the actual profit is: $400,000 - $180,000 = $220,000.