Business, 15.02.2021 20:30 suhailalitariq

Sarah and Randy made a contract where Randy would remodel Sarah's bathroom for $20,000. Sarah had until July 10 to pay for it. Randy finished the work and Sarah seemed happy with it. A day before payment was due, Sarah realized there was an issue with the bathroom and contacted Randy. She asked him to come fix it; however, Randy refused. Sarah informed Randy that she was not going to pay him the full amount. Sarah wrote her check on July 10 for $19,000. Randy cashed the check and sought to collect the balance. At trial, the most likely result is :
a) that Randy will win because there was not a good-faith dispute and he cashed the check.
b) that Randy will win because there was a good-faith dispute and he cashed the check.
c) that Randy will lose because there was a good-faith dispute and he cashed the check.
d) that Randy will lose because there was not a good-faith dispute and he cashed the check.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:20

The different concepts in the architecture operating model are aligned with how the business chooses to integrate and standardize with an enterprise solution. in the the technology solution shares data across the enterprise.

Answers: 3

Answer

Business, 23.06.2019 02:40

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone

Answers: 2

Answer

Business, 23.06.2019 03:10

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.

Answers: 1

Answer

Business, 23.06.2019 14:30

The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?

Answers: 2

Answer

You know the right answer?

Sarah and Randy made a contract where Randy would remodel Sarah's bathroom for $20,000. Sarah had un...

Questions