Fielding Bros. offers to ship six furnaces to Central City Heating and Cooling Co. for $4,500 cash.

Question:

Fielding Bros. offers to ship six furnaces to Central City Heating and Cooling Co. for $4,500 cash. Central City accepts on the condition that Fielding give 120 days’ credit. Has a contract resulted? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

The Legal And Regulatory Environment Of Business

ISBN: 9781260734287

19th Edition

Authors: Marisa Pagnattaro, Daniel Cahoy, Julie Manning Magid, Peter Shedd

See More Books

Question Posted: Jul 14, 2023 08:29 AM

See More Questions

On August 15, 20X1, the European Exchange Club (EEC) was formed in an effort to create a united social group out of several separate regional clubs in the vicinity of the city of Decker, located in...
The periodic table can be used to count the protons, electrons, and neutrons of atoms using the atomic mass and atomic number. Note: the periodic table can be used to count the protons, electrons,...
Six years ago, Leticia, Monica, and Nathaniel organized Lemona Corporation to develop and sell computer software. Each individual contributed $10,000 to Lemona in exchange for 1,000 shares of Lemona...
Consider the Boolean function given below where X1, X2, X3, X4 and X5 are the attributes and Y is the class variable. Your task is to implement the neural network architecture and implement it for...
Match each reason with its description. Reason 1. Legal system 2. Tax laws 3. Sources of financing 4. Inflation 5. Culture 6. Political and economic ties 7. Economic development Description a....
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales...
The Nielsen family formed their corporation, N. Robert Nielsen, Inc., to conduct farming operations. Morre, Grider & Co. is a certified public accounting firm that has provided accounting, tax, and...
Techno Designs Store uses the accounts receivable aging method to estimate uncollectible accounts. On February 1, 2014, the balance of the Accounts Receivable account was a debit of $442,341, and the...
On the first day of their vacation the Morales family drove 312 miles in 6 hours at that rate how far will they travel the next day if they drive for 8 hours
Given the following activities required for staging a community play on Independence Day, (a) Construct an AON diagram. (b) Determine the earliest completion time for the play and the critical path....
Describe the circumstances under which an adult lacks the capacity to contract.
Pat hires a tailor to make a suit. The tailor completes all the sewing and now waits for Pat to pick up the suit and pay for it. Is this contractual agreement executed or executory? Explain.
Ariel company decided to invest $10 million in new machinery. The investment will generate $3,000,000 net cash inflow during the next 7 years. Calculate MIRR for a. 10 percent required rate of...
Please create a PowerPoint of 5-8 slides that provide an overview of your progress on your final case review paper and upload this as an attachment. (1) You should have the company that you have...
Undertake research and list four sources of HR data and information which can be accessed and utilised when conducting a review of HR functions. Submit documentary evidence for each of the four...
Explain and evaluate economic policies that aim to reduce negative externalities, using an example of either a negative production externality or a negative consumption externality in your...
What does a cash flow statement indicate from the investors' point of view? Explain.
Read the article "A, 'Made in America' iPhone Would Cost $2,000, Studies Show". What is this article about? Why iPhone price could go sky high if it is all-American made? Between U.S and China, on...
A major airport has been redesigned, with the goal of reducing flight delays. The delays (in minutes) for random samples of flights before and after the upgrade are available in MyStatLab. Create...
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175
(a) What are the names given to the three parties typically involved in an agency relationship? (b) Describe the general purpose of the agency relationship.
For several years, Albert acted as a collection agent for Paulette. Recently, Paulette revoked Alberts authority to collect payments from customers. However, neither Paulette nor Albert told any...
Tammy was shopping in Save-a-Lot Grocery Store when Stewart, an employee, brushed Tammys ankle with a grocery cart. A short time later, while still shopping, Tammy told Stewart that he should say...
Under the Fair Value through Net Income Method, what events must be recorded when the equity investment is sold?
Journalize the transactions. January 31: Sales for the month totalled $ 96 comma 000 (not including HST) of which 90 percent were on credit. The company collects 13 percent HST on all sales and...
You are an accountant for ABC Corp. Your purchasing department has procured products invoiced for $25,000 with 2/10 Net 30 terms. If you pay the invoice within 15 days,what would be your payment?

Fielding Bros. offers to ship six furnaces to Central City Heating and Cooling Co. for $4,500 cash.

Question:

Step by Step Answer:

A contract has not re...View the full answer

The Legal And Regulatory Environment Of Business

Students also viewed these Business questions