Kenneth purchased a car from his local dealership, Quartent Cars
However, since the car was not available in the color that Kenneth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. According to the UCC, which of the following parties holds the risk of loss for the damage caused to the car?
A) The risk is to be borne by Kenneth.
B) Mr. Henderson has to take up the loss.
C) Quartent Cars must take the risk of loss.
D) The risk is to be borne jointly by Mr. Henderson and Quartent Cars.
A
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On January 1, Unearned Revenue of Grossman, Inc. had a beginning balance of $1,400. During January, the company earned $700 of the deferred revenue. The company also collected $6,000 from a new customer for services to be performed the following month At the end of January, the Unearned Revenue account should have a balance of $6,000.
Indicate whether the statement is true or false
Metro Arcade sells tickets at $25 per person as a one-day entrance fee
Variable costs are $11 per person, and fixed costs are $52,500 per month. Assume that Metro increases variable costs from $11 to $14 per person. Compute the new breakeven point in tickets and in sales dollars. What will be an ideal response