On January 1, 2020. Blossom Ltd, entered into a purchase commitment contract to buy 10,600 oranges from a local company at a price of $0.60 per orange any time during the next year. The contract provides blossom with the option either to take delivery of the orange at any time over the next year, or the Seattle the contract on a need base is for the difference between the agree upon a price of $0.60 per oranges and the market price berorens for any orange that have not been delivered. As at January 31, 2022. Blosson LTD did not take delivery of any orange and the market price for and orange was $0.59.

Answers

Answer 1

Blossom Ltd can also choose to extend the contract and take delivery of the oranges at a later date when the market price is higher.

Blossom Ltd is involved in a purchase commitment contract where it is to buy 10,600 oranges from a local company at a price of $0.60 per orange any time during the next year. The company is given the option to either take delivery of the orange at any time over the next year or settle the contract on a need basis for the difference between the agreed price of $0.60 per orange and the market price at the time of delivery. As of January 31, 2022, Blossom Ltd had not taken delivery of any orange and the market price for an orange was $0.59. In the given scenario, it can be concluded that Blossom Ltd has not taken delivery of the oranges it was supposed to buy. As per the contract, the company could either take delivery or settle the contract on a need basis. However, the market price for an orange is less than the agreed-upon price of $0.60.Therefore, it would not be profitable for Blossom Ltd to take delivery of the oranges as it would be paying a higher price than the market price. Instead, the company can settle the contract on a need basis and pay the difference between the agreed price and the market price. The difference in price per orange is $0.01, and as Blossom Ltd was supposed to buy 10,600 oranges, the total amount payable to the local company would be $106 ($0.01 x 10,600).

Blossom Ltd can also choose to extend the contract and take delivery of the oranges at a later date when the market price is higher. This would ensure that the company gets the best possible deal. Blossom Ltd is in a purchase commitment contract with a local company for buying oranges at $0.60 per orange. As of January 31, 2022, Blossom Ltd had not taken delivery of any oranges, and the market price for oranges was $0.59. It would not be profitable for the company to take delivery of oranges as it would be paying a higher price than the market price. The company can settle the contract on a need basis and pay the difference between the agreed price and the market price. The total amount payable to the local company would be $106. Blossom Ltd can also choose to extend the contract and take delivery of the oranges at a later date when the market price is higher.

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Related Questions

What is it called when businesses are doing poorly and stock prices drop?

Answers

Answer:

When a stock price falls, that means the company must sell additional shares of stock to raise the same amount of proceeds

Explanation:

What is meant by marketing objectives?

Answers

Answer:

Marketing objectives are actionable targets designed to provide not just overall direction, but clear and specific actions. They are specific, measurable, attainable, relevant, and time-based (These are often called SMART goals, an acronym you've likely heard before!)

What term is used to describe spread-out or low-density development beyond the edge of services and employment

Answers

Answer:

Sprawl

Explanation:

Sprawl can be defined as the situation where an urban settlement expands into nearby country area at the edge of a city .

Factors that lead to sprawl are population and income growth, low cost of living , road network , unlimited use of auto, etc.

Urban sprawl is characterized by uncoordinated , haphazard,and poorly planned urban development. If not properly managed , these could lead to poor environmental conditions like air pollution ,ground level smog and car traffic.

How does wealth inequality affect the economy?

Answers

Wealth inequality affect the economy in various ways which makes it unstable.

The fact that the wealthy consume a lesser percentage of their money than the poor is one way this occurs. They conserve funds that those with lower salaries would otherwise squander. This causes the aggregate demand in economy to decline, which in turn causes unemployment.

Governments respond by decreasing borrowing rates and other measures to increase demand. Individuals with low or decreasing relative earnings continue to sustain their expenditure through borrowing as wealth inequality increases. Mortgage or consumer loan defaults can happen from even a slight increase in unemployment or interest rates, which can have disastrous effects.

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Which technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience?

Answers

Facial recognition technology are retailers using to identify shoppers as they enter a store to allow store staff to customize the shopper’s buying experience.

Who is said to be retailers?

Typically, retailers would purchase products from a producer, wholesaler, or other distributor and resale them to the general public. Small, family-run pharmacies or your neighborhood grocery shop can buy from the same outlets or from smaller suppliers, unlike large merchants like Walmart and Target which buy products in bulk from producers or wholesalers.

In either case, the merchant charges the customer a markup (the distinction between the product's purchase price and resale price) for such things. Retailers achieve profitability in this way.

Retailers must be set up to sell to customers directly in some way. Making decisions regarding physical and digital venues as well as how to sell things and engage with customers are all part of this.

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An economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a good the higher the price of the good. Empirical testing of this model would involve.

Answers

An economic model is a simplified description of truth, designed to yield hypotheses approximately financial behavior that can be examined. An important characteristic of an economic version is that it's far always subjective in layout due to the fact there are not any objective measures of monetary outcomes.

The handiest economic fashions use economic concepts to explain how changes in a single variable are tormented by modifications in others. The variable whose changes are explained is called an endogenous variable, at the same time as the only one whose adjustments cause the alternative to change to be exogenous.

The maximum economic model rest on a number of assumptions that are not completely realistic. as an example, retailers are regularly assumed to have perfect records, and markets are frequently assumed to be clean without friction. Or, the model can also miss troubles that can be crucial to the query being considered, inclusive of externalities.

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In planning, what would be your basis for assigning priority to specific task?

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In his 1989 book The 7 Habits of Highly Effective People, the  businessman and motivational speaker Stephen Covey makes the case that tasks should be classified (and then prioritized) according to importance and urgency.

The urgent but unimportant Delegate. These are the tasks that need to be finished immediately since doing otherwise could have negative consequences. For this method, use the critical, high priority, neutral, low priority, and unknown procedure priority levels. The most important task you have is a priority. It must be finished before any other duties, or it must be attended to first.

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Which communication objective related to the hierarchy of effects requires explaining the benefit of a new product relative to other similar products offered by​ competitors?

Answers

The communication objective related to the hierarchy of effects is knowledge.

What is knowledge?

Knowledge simply  means having understanding about something by knowing it.

Having good understanding of a new product is important as this help us to everything about the products, including  the important of the product and the benefit consumer of such product tend to derived from using this product compare to other product that are similar to the new product in the market.

Inconclusion the communication objective related to the hierarchy of effects is knowledge.

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Which of the following are not traits of entrepreneurs?
I
energy
dishonesty
dedication
dependence

Answers

Answer: dishonesty and dependence.

Explanation:

Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.

Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.

Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.

Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.

Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.

Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.

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A few simple business questions, 50 points

A few simple business questions, 50 points

Answers

Answer: Human resource Management

Explanation: In a buisness people wouldn't be able to mantain employess and recruit new ones without HRM.

Recruitment and onboarding.Training and development.Compensation and benefits.Corporate policy.Employee relations.Risk management.

Identify two questions which Sarah could ask the job applicants at

interview,

Answers

Sarah can ask a wide range of questions from the job applicants during the interview.

However, two potential questions that she can ask are:

1. Can you tell me about a time when you had to resolve a conflict with a co-worker or team member?

This question can help Sarah assess the candidate's problem-solving skills and their ability to handle conflicts professionally. It also reveals their communication skills and their approach to teamwork.

2. What experience do you have working in a fast-paced environment?

This question can help Sarah evaluate the candidate's ability to handle high-pressure situations, manage their time efficiently, and work effectively under tight deadlines. It also shows their adaptability and willingness to work in a dynamic environment.

In addition to these questions, Sarah can ask more specific questions related to the job responsibilities and requirements to determine the candidate's suitability for the position. It's crucial for Sarah to ensure that her questions are relevant, fair, and legally compliant to hire the best candidate for the job.

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True or False. A stockbroker is always required to act in a client's best interests and is held to a fiduciary standard.

Answers

Answer: true

Explanation:

Which of the following businesses is NOT possible to be rivaled?
A. an electric company
B. a mall
C. an airline company
D. a telecommunication provider

Answers

Answer:

A. an electric company

Explanation:

Among all the options given above, it is an electric company that cannot be rivaled due to the fact that, all household definitely need electricity in-order to power their home. Due to the nature of the company and how capital intensive it is, it would always be in demand by the people.

The Girl Scouts would like to estimate the proportion of people who consider Thin Mints to be their favourite Girl Scout cookie. A pilot sample of 60 cookie customers found that 15 favoured Thin Mint cookies. The total sample size needed to construct a 90% confidence interval for the proportion of customers who favour Thin Mint cookies with a margin of error equal to 6% is ________. 235 142 187 270

Answers

The total sample size needed to construct a 90% confidence interval for the proportion of customers who favor Thin Mint cookies with a margin of error equal to 6% is 235.

The Girl Scouts would like to estimate the proportion of people who consider Thin Mints to be their favorite Girl Scout cookie. A pilot sample of 60 cookie customers found that 15 favored Thin Mint cookies. The total sample size needed to construct a 90% confidence interval for the proportion of customers who favor Thin Mint cookies with a margin of error equal to 6% is 235.

What is the formula for determining the minimum sample size?

The formula for determining the minimum sample size is:

N = [(Z² * p(1-p)) ÷ E²] ÷ [1 + ((Z² * p(1-p)) ÷ E²N: The minimum sample size

Z: The confidence level p: The expected proportion

E: The margin of error.

In this problem, Z is 1.65 (90% confidence level), p is the pilot study's proportion (15/60 = 0.25), and E is 0.06.

You can substitute the provided values into the formula and calculate it: Minimum Sample Size = [(1.65)² * 0.25(1-0.25)] ÷ (0.06)² ÷ [1 + (1.65)² * 0.25(1-0.25)]

Minimum Sample Size = 234.97 ≈ 235.

Hence, the total sample size needed to construct a 90% confidence interval for the proportion of customers who favor Thin Mint cookies with a margin of error equal to 6% is 235.

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What product categories do people focus their buying on during this winter holiday season?

Answers

During the winter holiday season, people often focus on buying gifts for friends and family, and many people also purchase items for themselves. Some common product categories that people may focus on include:

Toys and games & Clothing and accessories.

What factors influence seasonal buying?

Climate: People tend to purchase different types of products depending on the weather.

Holidays: The winter holiday season is often a time when people focus on buying gifts for friends and family, and many retailers offer sales and promotions to encourage holiday shopping.

Economic conditions: The state of the economy can also affect seasonal buying habits.

How do businesses adapt to seasonal buying patterns?

Stocking up on popular seasonal items: Businesses can ensure that they have a sufficient quantity of popular seasonal items in stock to meet customer demand.

Offering promotions and sales: Businesses can offer promotions and sales to encourage people to buy during certain seasons.

Adapting marketing and advertising strategies: Businesses can also adjust their marketing and advertising efforts to focus on seasonal products and target their messaging to match the needs and interests of their customers during different seasons.

Diversifying product offerings: Some businesses may also choose to diversify their product offerings to ensure that they have products that are relevant and appealing to customers during different seasons.

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Announcers present music, news, and sports, and may provide commentary or interview guests about these or other important topics. Some act as masters of ceremonies (emcees) or disc jockeys (DJs) at weddings, parties, or clubs. Many announcers work in radio and television studios. Some announcers are self-employed; others work part time. The median annual wage for announcers was $29,010 in May 2014. SOURCE: United States. Department of Labor. "Announcers." Occupational Outlook Handbook. 17 Dec. 2015. Web. 8 March 2016. A newscaster earns $33,900 and wants to invest 10% of his/her monthly salary to save for retirement in 37 years. If he/she invests this money at 2.9% compounded monthly, how much money will he/she have at retirement? a) How much will be saved each year?
b) What will be the monthly deposit? c) What will be the amount in the account after 37 years?

Answers

A newscaster earning $33,900 per year wants to invest 10% of their monthly salary for retirement in 37 years at a 2.9% monthly compounded interest rate.

To calculate the answers, we first need to determine the amount saved each year. The newscaster wants to invest 10% of their monthly salary, which amounts to $33,900 * 0.1 = $3,390 per year.

Next, we can calculate the monthly deposit by dividing the annual amount saved by 12 (the number of months in a year). Therefore, the monthly deposit is $3,390 / 12 = $282.50.

To find the final account balance after 37 years, we can use the formula for compound interest:

A = P * (1 + r/n)^(nt),

where A is the final amount, P is the initial deposit, r is the interest rate (in decimal form), n is the number of times the interest is compounded per year, and t is the number of years.

Plugging in the given values, we have:

A = $282.50 * (1 + 0.029/12)^(12*37),

Calculating this expression will give us the final account balance after 37 years.

In summary, the amount saved each year is $3,390, the monthly deposit is $282.50, and the final account balance after 37 years can be calculated using the compound interest formula

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Southlawn Incorporated's taxable income is computed as follows: Book income before tax $ 2,405,600 Net permanent differences (512,000) Net temporary differences (189,000) Taxable income $ 1,704,600 Using a 21% rate, compute Southlawn's tax expense per books and tax payable. Multiple Choice Tax expense per books $397,656; tax payable $357,966. Tax expense per books $357,966; tax payable $397,656. Tax expense per books $612,570; tax payable $357,966. None of these choices are correct

Answers

The correct answer is: Tax expense per books $357,966; tax payable $357,966 (none of the choices provided in the multiple-choice options are correct).

To compute Southlawn Incorporated's tax expense per books and tax payable, we need to multiply the taxable income by the applicable tax rate.

Tax expense per books = Taxable income * Tax rate = $1,704,600 * 21% = $357,966.

Tax payable is the actual amount of tax that Southlawn Incorporated owes to the tax authorities based on their taxable income.

Therefore, the correct answer is: Tax expense per books $357,966; tax payable $357,966 (none of the choices provided in the multiple-choice options are correct).

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What does it mean to “authenticate” your payment? How do these payment systems authenticate?

Answers

Answer:

Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.

Multiple Choice
Which of the following illustrates why corn was such a precious commodity to Native Americans?
The kernels were easy to transport.
It was easy to plant and grew quickly.
o One kernel could produce one to two ears.
It could be grown in any type of soil.

Answers

It could be grown in any type of soil

enter mia's total profit/loss for the month in the box below then click submit

Answers

Answer:

350

Explanation:

Add 9000 + 200 = 9200

Then you do 9550 - 9200 = 350

Answer:

350 he is right

Explanation:

A person performs a cost-benefit analysis in order to:
O A. calculate the expenses of multiple businesses competing in the
same market.
B. analyze economic data to resheh general conclusions about a
country's economy.
C. evaluate the possible positive and negative effects of different
economic decisions.
D. determine the tax rates a business will pay depending on its
profits in a year.

Answers

The answer is d np u lazy guyyyy

united snack company sells 50-pound bags of peanuts to university dormitories for $38 a bag. the fixed costs of this operation are $390,000, while the variable costs of peanuts are $0.24 per pound. a. what is the break-even point in bags? b. calculate the profit or loss (ebit) on 6,000 bags and on 19,000 bags. c. what is the degree of operating leverage at 18,000 bags and at 23,000 bags? (round your answers to 2 decimal places.)

Answers

There is loss at in selling 6,000 bags. Because at 6,000units of bags the company is earning revenue of $ 3,91,440 and incurring cost of $2,28,000. So there is loss of $1,63,440.

What is a loss?

A loss is a measure of the error or mismatch between the predicted output of a model and the actual output or target value.

It is the difference between the revenue and cost of a firm. If a firm has more cost than the revenue then it is in loss. The goal is to find the set of parameters that minimize the average loss over the entire dataset.

In the above case  united snack company is going in losses when it is selling 6,000 units of bag.

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Categorize each characteristic as belonging to either a direct or an Indirect recommendation report.


lists evidence first


lists evidence last


likely to be difficult


to get approval for


likely to be easy to


get approval for


Direct Recommendation Report Indirect Recommendation report

Answers

Direct Recommendation Report: Lists evidence first, likely to be difficult to get approval for. Indirect Recommendation Report: Lists evidence last, likely to be easy to get approval for.

In a direct recommendation report, the characteristic of listing evidence first is common. This approach allows the reader to review the supporting evidence before reading the recommendations.

This structure is often employed when the recommendations are straightforward and expected to receive favorable approval. In such cases, the evidence serves as support for the recommendations and helps build a persuasive case.

On the other hand, an indirect recommendation report tends to list evidence last. This approach presents the evidence after the recommendations have been proposed. The intention is to first capture the reader's attention with the recommendations and then provide the supporting evidence.

Indirect recommendation reports are typically used for more complex or controversial recommendations that may face resistance or require additional justification. The evidence is presented as a means to back up the recommendations and address any potential concerns or objections raised by the reader.

Consequently, these reports may be more challenging to obtain approval for due to the nature of the recommendations and the need to persuade the decision-makers.

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Write how one can become a a skillful manager

Answers

7 skills for a successful management career

Interpersonal skills.Communication and motivation.Organisation and delegation.Forward planning and strategic thinking.Problem solving and decision-making.Commercial awareness.Mentoring.

When a county realizes a deficit on its current account:a) It becomes a net supplier of funds to other countriesb) It becomes a net demander of funds from other countriesc) It realizes an excess of imports over exports on goods and servicesd) Its net foreign investment position becomes positive

Answers

When a country realizes a deficit in its current account, it becomes a net demander of funds from other countries.

Hence, the answer is B.

What is the Effect of a Deficit on a Country's Current Account?

This means that the country is importing more goods and services than it is exporting, leading to a deficit in its current account. As a result, the country needs to borrow funds from other countries to finance its imports.

This makes the country a net demander of funds from other countries. Therefore, the correct answer is option b) It becomes a net demander of funds from other countries.

However, a country's current account is a record that shows the country's transactions with other countries.

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Blogs are used for all of the following except
O professional development
O editing corporate documents
O sharing news
O promotions

Answers

Answer:

B - editing corporate documents

Answer:

I thing promotions

Explanation:

please mark me branlast

If the formula for the reorder point is lead time X maximum daily usage, and given the information below; what would be the reorder point

Answers

The reorder point according to the given data will be 24,000 units. So, option (D) 24,000 is the appropriate response.

What is a reorder point?

A reorder point (ROP) is the amount at which you must reorder your products. It tells you when to place an order to make sure you don't run out. By using the reorder point to purchase replacement stock promptly, a business reduces the likelihood that customers will not receive their orders. As a result, stock shortages will not result in sales losses for the business.

The sum of lead time demand and safety stock is used to calculate the reorder point. Naturally, you must determine the amounts of your lead time demand and safety stock to make an accurate assessment.

Lead time = 30 Days ( 1 month)

Maximum dail requirement = 800 units

The formula for reorder point is given by lead time × maximum daily.

Reorder point = lead time × maximum daily requirement

Reorder point = 30 × 800

Reorder point = 24,000

Therefore, the reorder point is 24,000 units.

Therefore, option d) 24,000 units is the appropriate response.

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The complete question is:

If the formula for the reorder point is lead time X maximum daily usage, and given the information below; what would be the reorder point?

Maximum daily requirement:800 units Average daily requirement :700 units

Minimum daily requirement: 600 units

Time required for refresh supplies: One month (30 days)

a. 18,000 units

b. 21,000 units

c. 2,100 units

d. 24,000 units

which of the following would be an unethical practice under the uniform securities act? a telling a customer that the price of a security is $25 per share if the broker-dealer is the sole market maker in the stock b telling a customer that the price of a security is $25 per share if the source of the quote is the nasdaq system c telling a customer that the price of a security is $25 per share if this is the p.o.p. of the issue in a syndicate distribution d telling a customer that the price of a security is $25 per share if the source of the quote is the nyse

Answers

The answer is B. Telling a customer that the price of a security is $25 per share if the source of the quote is the NASDAQ system is an unethical practice under the Uniform Securities Act.

This is because the NASDAQ system is a self-regulatory organization, and broker-dealers are not allowed to make false or misleading statements about securities prices. Therefore, it would be unethical for a broker-dealer to tell a customer that the price of a security is a certain amount if the source of the quote is the NASDAQ system.

Hence the correct answer to the given question is B.telling a customer that the price of a security is $25 per share if the source of the quote is the nasdaq system.

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trell corporation transferred $50,000 of accounts receivable to a local bank. the transfer was made without recourse. the local bank remits 80% of the factored amount to trell and retains the remaining 20%. when the bank collects the receivables, it will remit to trell the retained amount less a fee equal to 3% of the total amount factored. trell estimates the fair value of the retained portion of the account receivable 10,000 is only worth 8000. what is the loss on the sale of the accounts receivable?

Answers

The retained share of the 10,000 account receivable is only worth 8,000, according to Trell's estimation. The accounts receivable sale loss was $6,500.

Examples of receivables in an account?

Furniture that has been delivered to a retail establishment is an illustration of accounts receivable. Accounts receivable is where the money owing is kept once the producer bills the retailer for the furniture. Awaiting payment from the retailer is the furniture manufacturer.

Whether it is an asset or a liability, accounts receivable?

The current assets area of a balance sheet contains the accounts receivable information. These are debts owed by customers to businesses that can be converted into cash in less than a year.

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Harlow's research illustrates that feeding is not the only, or even the most important, thing babies get from their mothers. The most important factor that Harlow found in the development of attachment was

Answers

Harlow's research illustrates that babies get more than just feeding from their mothers. The most important factor in the development of attachment, according to Harlow, is contact comfort. Contact comfort refers to the physical and emotional warmth that infants receive through close physical contact with their caregivers.

This contact comfort plays a crucial role in the formation of a secure attachment between the infant and the caregiver. Harlow's studies with rhesus monkeys demonstrated that the baby monkeys preferred the cloth surrogate mother over the wire surrogate mother that provided food.

This suggests that the need for comfort and emotional connection is more important than the need for food in the development of attachment. Contact comfort provides a sense of security and nurturance, which helps infants form strong and healthy emotional bonds with their caregivers.

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