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Reinfort executed a written contract with Bylinski to purchase an assorted collection of shoes for $3,000. A week before the agreed shipment date, Bylinski called Reinfort and said, ‘‘We cannot deliver at $3,000; unless you agree to pay $4,000, we will cancel the order.''
After considerable discussion, Reinfort agreed to pay $4,000 if Bylinski would ship as agreed in the contract.
After the shoes had been delivered and accepted by Reinfort, Reinfort refused to pay $4,000 and insisted on paying only $3,000. Is the contractual modification binding? Explain.
8.2) Define or describe the terms: revenue, cash, profit, cash budget, cash flow, and cash flow cycle. Why is it important to understand the differences among them?
You have been asked to use the expected-value model to assess the risk in developing a new product. Each strategy requires a different sum of money to be invested and produces a different profit payoff as shown below:
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Inventory management is a critical but yet sometimes the overlooked part of the purchasing and supply chain management. The fear is running out of materials that would shut down production, but there is a risk of excess components due to unmet for..
what exactly is stress? what is the difference between so-called good stress or so-called bad stress? when it comes to
When Brenner's ex-wife refused to enroll their son, the plaintiff sought and received a verbal promise of a refund. The defendant now refuses to refund the plaintiff's money for lack of consideration. Did mutual consideration exist between the par..
Use the Case Study presented here to answer the questions below.Your responses should demonstrate your understanding of the content and your analysis and critical thinking.
What is the definition of culture?
As an inventory quality manager at a major big box retailer, you have been tasked to reduce the lot size of products from a major supplier. a) Discuss which costs are expected to change. b)Your boss has tasked you to achieve the objective of lot s..
Using the Product Life Cycle concept as an organizing framework, demonstrate what happened to that product or service and why it ended in 'elimination'.
QUESTIONS: At which stage of the product life cycle is the traditional photographic products division? What product and pricing strategies would you recommend to Lanen's management team for use for this product line?
Analyze the fundamental approaches that the company might take in dealing with the proposed organization (e.g., export, FDI). Determine the best option for the company to use in order to minimize foreign exchange risks. Justify the response
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