A manufacturer agreed to ship items at a price of $2,000 to a retailer. The retailer's normal profit on its sale would be $1,000. The manufacturer failed to ship the goods. They are easily available elsewhere
Based on these facts what is the retailer's best remedy?
A) Specific performance
B) Damages
C) An accounting
D) An injunction
E) Quantum meruit
B
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The client makes estimates relative to recorded amounts in the financial statements. Which of the following assumptions best represents the auditor's primary focus regarding the reasonableness of such estimates?
a. That historical trends are followed. b. That income is managed. c. That there is an adequate cushion. d. That management reverses estimates when opportune.
For a single server, single queue system with an arrival rate of 18 customers per hour and a service rate of 10 customers per hour, what is the mean server utilization?
a. < 0.25 b. > 0.25 and < 0.50 c. > 0.50 and < 1.00 d. > 1.00 (infeasible)
Automated order entry systems:
A) show goods from a single seller. B) increased the costs of inventory replenishment. C) are typically owned by the purchasing firm. D) no longer play an important role in B2B commerce.
What is a Performance and Accountability Report (PAR)? Describe its purpose and contents.
What will be an ideal response?