Harry also is a furniture dealer in town. Harry calls up another merchant and says he will sell 40 dressers for the $300 each and the other merchant says you have a deal. Harry then sends an email to the other merchant confirming what they just said, and said he (Harry) must send the items in one week. The other merchant promptly responds and says he does not want them until December 1, two months away and asks Harry to hold them until then and that he (HArry) must now reduce the price to $155 each. Harry says we had a deal, and I am shipping them tomorrow and I expect to be paid or I will sue. A reasonable shipment time is 2 weeks. The $300 price is reasonable, and $155 is not a good price and pretty unreasonable. However, Harry waits until two months, and then ships the dressers, and other merchant accepts them. Harry bills the merchant for $300 each. Harry reads Section 2-207 of the UCC which says:

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $