subject
Business, 01.10.2019 03:00 jmascar5334

Kent corp. (kc), a general contractor building a new dorm at a university, contracted with fine rugs inc. (fri) to have a certain grade of industrial rugs installed in the dorm. the contract price was $180,000. after the rugs were installed, kc was dissatisfied with the rug quality. fri insisted that the rugs installed were appropriate to the contract specifications and demanded full payment. kc sends fri a check for $120,000, which kc believes is the proper value for the rugs installed, and marks the check "paid in full." fri writes "under protest" on the check and deposits it. fri may now, in most states, successfully sue kc for the balance of $60,000.
a. true
b. false

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain
Answers: 3
question
Business, 21.06.2019 23:30
Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?
Answers: 1
question
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
question
Business, 22.06.2019 20:20
Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
You know the right answer?
Kent corp. (kc), a general contractor building a new dorm at a university, contracted with fine rugs...
Questions
question
Social Studies, 13.03.2020 18:30
question
Social Studies, 13.03.2020 18:30
Questions on the website: 13722363