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Maria Palomo purchased a used car from LeBlanc Hyundai Partnership. She explained to the sales representative that she needed the car to go to work and to take care of her grandchildren. The representative told her that the car would be appropriate for those purposes and that, if she took care of the car, it “would last forever.” Palomo believed that this comment meant that the car would last her the rest of her life. She kept up with regular maintenance, but she began to have problems with the car. Palomo’s mechanic recommended that she replace the car’s engine. Palomo wanted to return the car to LeBlanc and be refunded the purchase price. The trial court awarded her $1,000 for repairs and damages. She appealed the decision. Should Palomo be allowed to revoke acceptance? What is the appropriate remedy?
In which of the following situations is specific performance available as a remedy?
How much money has been borrowed in the energy sector by smaller companies hoping to capitalize on the oil market in the last two years? When will these borrowings come due? How much money has been borrowed in the junk bond sector
ColumbiaAir Inc offers low cost air travel between Columbia, SC and NYC. ColumbiaAir's invested captial is $6,000,000, corresponding to the investment in the two planes the company owns. At what load factor does Columbia Air breakeven? (I.e. at what ..
What effect would accepting this order have on the company's net operating income if a special price of $349.95 is offered per bracelet for this order? Should the special order be accepted at this price
Purpose the journal entries required on Wild Expansion Co.'s books to record the exchanges.
Optic Matrix Inc. manufactures and assembles automobile instrument panels for both Yokohama Motors and Detroit Motors. The process consists of a just-in-time product cell for each customer's instrument assembly.
Determine the net income or loss of each company for the year - show the same balance sheet data at the beginning and end of a year.
All of the following are product costs for financial reporting except:
What do the different amounts of residual income imply about each firm? Do the projected residual income amounts help explain the differences in market value of equity across these three firms? Explain.
multiple product cvp analysis hawaiian fruit pizza was a huge success and fairfield pizza has decided to start a second
Prepare a schedule assigning activity's overhead cost pool to each service based on the use of the cost drivers and classify each of the activities as a value-added activity or a non-value-added activity.
Explain why that entry is wrong and prepare the correct journal entry. Why does the bank refer to cash received from a customer as a credit to that customer's account?
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