QUESTION 16 In November, Point Pleasant ordered $10,000 of fireworks from Kaboom Ltd. with delivery to be on or before June 1. On April 15, Kaboom notifies Point Pleasant that it will not be able to perform the contract as agreed. How will the law characterize Kaboom's actions? Does Point Pleasant have to wait until June 1 before buying fireworks from another supplier?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.