Business, 19.12.2019 22:31 keke6361

Klint microsystems, a microprocessor manufacturer, was contracted by zeitar studios to manufacture specially designed microchips to be used in an audio engineering process. zeitar was to pay klint $300,000 as per the contract. klint decided to redesign their existing microchips and make them suitable for zeitar. while the finished microchips were being shipped via a carrier, klint was informed of zeitar’s insolvency. klint cancelled the shipment before it was delivered. klint then resold the chips to another studio where they had to settle for $150,000, as the chips were now only suitable for specific audio engineering processes. what legal action can klint take against zeitar? 1. sue and recover lost profits2. sue to recover purchase price3. get a court order asking for specific performance4. exercise the buyer’s right to cover

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 03:30

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

Answer

Business, 22.06.2019 08:00

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

Answers: 2

Answer

Business, 22.06.2019 09:40

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

Answers: 1

Answer

Business, 22.06.2019 19:10

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production

Answers: 2

Answer

You know the right answer?

Klint microsystems, a microprocessor manufacturer, was contracted by zeitar studios to manufacture s...

Questions