Reference no: EM131214315
Jack's Ice Cream orally agreed to sell ice cream to Town Field Stadium for $5000. Jack's sent Town Field an order confirmation form that stated the goods, quantity, and price which contained a "sign and return" form. Town Field did not sign and return the form. After 2 weeks, Jack's started delivery of the ice cream by delivering half of the order, which Town Field accepted. When Jack's delivered the remainder of the order the following month, Town Field refused to accept and refused to pay when Jack's presented it's bill. a. Town Field does not have to pay because it was for a sale of goods over $500 and there was no written contract. b. Town Field only has to pay for half the bill for the goods that were accepted. c. Town Field must pay the entire amount. d. Town Field does not have to pay any amount because they never agreed to the sale.
|
Stock investment transactions
: On March 20, 10,000 shares of Thorlite Company are acquired at a price of $30 per share plus a $250 brokerage fee. On May 30, a $0.25-per-share dividend was received on the Thorlite Company stock. On June 15, 5,000 shares of the Thorlite Company stoc..
|
|
Bond investment transactions
: Journalize the entries to record the following selected bond investment transactions for Olson Products: For a compound transaction, if an amount box does not require an entry, leave it blank.
|
|
Statute of frauds and refuses to sell the laptop to buyer
: Seller orally agrees to sell his laptop to Buyer for $600. Buyer tenders the purchase price but Seller asserts the Statute of Frauds and refuses to sell the laptop to Buyer.
|
|
The beam fell off the truck hitting another vehicle
: Henry Jacobs went to Home Lumber Center where he bought a 12 foot beam weighing 100 pounds. In the lumberyard, a store employee used a forklift to place the beam in the back of Jacobs' truck. Since the beam stuck out 4 feet, the employee flagged the ..
|
|
Price which contained sign and return form
: Jack's Ice Cream orally agreed to sell ice cream to Town Field Stadium for $5000. Jack's sent Town Field an order confirmation form that stated the goods, quantity, and price which contained a "sign and return" form. Town Field did not sign and retur..
|
|
Premium amortization
: Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. I just need to know where to DR or CR the Interest expense and how much a..
|
|
What is the total value of the cash flows of the firm
: A project’s annual operating cash flows for the next five years are $120,000, $150,000, $180,000, $200,000, and $220,000. Assuming a discount rate of 12% and a terminal growth rate of 3%, What is the terminal value for assessing the cash flows after ..
|
|
Estimate the company real cost of capital
: You are considering a new project, which costs $600,000 and is expected to have the following nominal cash flows of $200,000, $220,000, $220,000, $200,000, and $180,000 in years 1 through 5. The company’s nominal cost of capital is 10%. The expected ..
|
|
Calculate cash flows related to working capital
: Mary is considering opening a grocery store. The store is expected to generate revenues of $200,000, $250,000, $260,000, $250,000 and $200,000 during year 1, year 2, year 3, year 4, and year 5 respectively. Mary plans to operate the store for 5 years..
|