Document supersedes all oral promises relating to the sale

Assignment Help Financial Management
Reference no: EM13940256

In a transaction for the sale of an auto painting facility, Bright Auto Colors Company tells Custom Cars Corporation that the paints and other supplies on-site are included. The contract says nothing about the supplies on-site, but does state, “This document supersedes all oral promises relating to the sale.” Are the supplies part of the sale? Why or why not?

Reference no: EM13940256

Questions Cloud

What are job-order costing and process costing : What are job-order costing and process costing? What types of firms use job-order costing? Process costing? Give some examples of service firms that might use job-order costing, and explain why it is used in those firms.
Cost formula for its supplies cost : Ingram Framing's cost formula for its supplies cost is $1,120 per month plus $12 per frame. For the month of June, the company planned for activity of 610 frames,
What is role of material requisition forms in costing system : What is the role of materials requisition forms in a job-order costing system? Time tickets? Predetermined overhead rates?
Components of the new product development process : Choose two components of the new product development process e.g. idea generation, product development, market analysis, commercialization or product launch and describe and analyse the product development strategy adopted by an energy company as ..
Document supersedes all oral promises relating to the sale : In a transaction for the sale of an auto painting facility, Bright Auto Colors Company tells Custom Cars Corporation that the paints and other supplies on-site are included. The contract says nothing about the supplies on-site, but does state, “This ..
Develop an application that counts the number of words : Develop an application that counts the number of words, number of characters with spaces and without spaced
Production facilities across the country : A privately-owned manufacturing firm has three production facilities across the country. Here are some important facts about these facilities:
Proposed above of reducing selling price and undertaking : Using an excel sheet that shows the relevant formulas; calculate the break-even point (in units as well as in dollars)for the original budgeted income statement provided above.
What recommendations would you make to correct it : How can managers determine if organizational structure is out of alignment with an organization's strategy in a criminal justice organization? If the organizational structure were misaligned, what recommendations would you make to correct it?

Reviews

Write a Review

Financial Management Questions & Answers

  Weighted-average shares outstanding

A company's net income is $100,000, and its weighted-average shares outstanding are 20,000. During the year, the company issues 5,000 ESOs at an exercise price of $20. What will be the basic EPS if average stock price during the year is $35 and treas..

  About the huge cash reserves the companies accumulate

Shareholders of some companies occasionally complain about the huge cash reserves the companies accumulate. And, sometimes (Wal-Mart in 2007, Apple in 2013) firms indeed satisfy investor concerns and announce plans to distribute substantial portions ..

  What rate should the firm use to discount projects cash flow

Corporation has 9.8 million shares of common stock outstanding, 420,000 shares of 5 percent preferred stock outstanding, and 220,000 8.6 percent semiannual bonds outstanding, par value $1,000 each. what rate should the firm use to discount the projec..

  One-way security mirrors for the security industry

ICU inc is a maker of one-way security mirrors for the security industry. The President Seymour Dan Others needs to build a new plant to meet increasing demand.

  Growth rate of dividends per share expected by investors

Zeniba Inc.’s stock is currently selling for $23.56 per share. The company just paid a dividend = $2.00 per share (i.e., D0 = $2.00), and investors expect the dividend to grow at a constant rate out into the future. Investors require a minimum annual..

  Find the expected return and standard deviation of portfolio

Find the expected return and standard deviation of a portfolio that is invested 80% in Stock A and 20% in Stock B.

  What is the gain to netflix with this lease rate

Suppose Netflix is considering the purchase of computer servers and network infra- structure to facilitate its move into video-on-demand services. In total, it will purchase $48 million in new equipment. What is the lease rate for which the lessor wi..

  Analyze the mix of classes of capital

When we analyze the “mix of classes of capital”, we might notice that some firms exhibit a “pecking order of financing”. Please evaluate this particular financial policy, and discuss its strengths and weaknesses. Would you more likely to recommend th..

  Suppose the average return on an asset

Suppose the average return on an asset is 11.8 percent and the standard deviation is 21.4 percent. Further assume that the returns are normally distributed. Use the NORMDIST function in Excel to determine the probability that in any given year you wi..

  Calculate weights for debt-common equity-preferred equity

The Imaginary Products Co. currently has debt with a market value of $275 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) which have a maturity of 15 years and are currently priced at $886.55 per bond. Ca..

  What is the implied expected rate of inflation

What is the implied expected rate of inflation and efficient markets and risk-neutral pricing, what yield should you expect to find on a 3-month T-bill forward contract deliverable in 3 months?

  Using the exchange rate of the date of dividend payment

Use the ASX website or annual report to determine the dividend paid for the year. If the share is franked, you will have to gross it up to account for franking credits. If the stock pays dividends in foreign currency, you will have to convert that ho..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd