Reference no: EM131794268
FACTS: The Bellagio sends a letter to Lady Gaga demanding that he repay the $1,000,000 advance payment. Lady Gaga instructs his lawyer to write a letter to the Bellagio which states:
Lady Gaga does not agree with your demand that she repay the $1,000,000 advance cash payment, but to demonstrate Ms. Gaga’s good faith, she has agreed to return one-half of the advance cash payment in the amount of $500,000. Enclosed is Ms. Gaga’s check for $500,000 which will be settlement in full of all claims of the Bellagio against Ms. Gaga.
The Bellagio then deposits the check for $500,000.
1. Does the Bellagio’s deposit of the check end the dispute and resolve the Bellagio’s claims in full? Explain your answer. What is the term used to describe the parties’ substitution of a different performance to complete a contract?
2. Does it make any difference if before the Bellagio deposits Lady Gaga’s check for $500,000, the lawyer for the Bellagio sends a letter to Lady Gaga and her lawyer which states, in part:
|
Discuss what investors would be wiling to pay for the bond
: What do those answers tell you about what investors would be wiling to pay for the bond on January 1, 2000
|
|
Point similar to or different from others experiences
: How were your experiences with research to this point similar to or different from others’ experiences?
|
|
What is the highest price an investor can pay
: Consider a $1000 par value 10-year 4% bond with semiannual coupons. The bond is callable at $1100 on any coupon date starting 5 years after issue.
|
|
What is the amount of sales required
: If fixed costs are $1,400,000, the unit selling price is $220, what is the amount of sales required to realize an operating income of $200,000
|
|
Substitution of different performance to complete contract
: What is the term used to describe the parties’ substitution of a different performance to complete a contract?
|
|
Prepare a t-account for the investment in sub
: prepare a T-account for the Investment in Sub and the Noncontrolling Interest with the 12/31/2010 and 12/31/2011 balances
|
|
How much of nygmas distribution will be taxed as a dividend
: Cobblepot and Nygma founded the Iceberg Lounge, Inc. as equal shareholders. How much of Nygma's distribution will be taxed as a dividend?
|
|
Complete the preceding cost schedule
: Barrack Inc. manufactures laser printers within a relevant range of production of 50,000 to 70,000 printers per year. Complete the preceding cost schedule
|
|
Cutting the promotion budget make sense
: If gross margin is $40 per unit, does cutting the promotion budget make sense?
|