Business, 26.06.2020 15:01 stressedstudent6402
Suppose you are a building contractor and you sign a contract to build a home for the Smiths. Performance was to begin on July 15, 2019. On July 1, 2019 Acme Enterprises offers you a position that will yield you two and a half times the amount of net income you could earn as an independent builder. To take the job you have to start on July 15. Since you cannot be in two places at the same time you must breach the contract with the Smiths in order to accept the new position. Assume also for the exercise that the price quoted by the building contractor was $550,000.00 which was the lowest market bid by a quality builder available and that the present bids run from the $610,000.00 to $640,000.00 range for a comparable home. What are your options in this situation as the building contractor? What remedy do the Smiths have?
Answers: 3
Business, 22.06.2019 03:30, 3steves
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Business, 22.06.2019 20:00, arifkarimi9214
A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?
Answers: 2
Suppose you are a building contractor and you sign a contract to build a home for the Smiths. Perfor...
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