Question
In: Operations Management
Road Measuring Professionals is a surveying firm based in Newcastle, NSW. Its major client is the...
Road Measuring Professionals is a surveying firm based in Newcastle, NSW. Its major client is the New South Wales government, for whom it surveys roads that are under construction. Smith, Jones and Peters have been partners in the firm for some time. There is an agreement between them limiting the authority of the partners to contracts up to $ 10 000. Smith has often purchased surveying equipment on behalf of the firm from Sydney Engineering Supplies, dealing with its manager, Mary. Smith buys a surveying instrument costing $ 11 000 from Mary. It is delivered on 5 June, and the firm receives an invoice for the contracted amount. Smith has always wanted the firm to branch into road transportation, as he is also a qualified truck driver, but his partners have continually rejected such a move. Hoping to demonstrate to them the profitable nature of such work, Smith signs a contract on behalf of the firm to buy an old truck from Used Trucks Ltd for $ 8 500. The firm has received an invoice for the truck, which is due to be delivered on 6 June.
Jones and Peters are angry when they see the invoices, and have told both Mary and Used Trucks Ltd that the firm will not pay them. Advise Mary and Used Tricks Ltd as to their legal position, citing relevant law
Solutions
keosha answered 2 years agoRelated Solutions
Road Measuring Professionals is a surveying firm based in Newcastle, NSW. Its major client is the...
Road Measuring Professionals is a surveying firm based in
Newcastle, NSW. Its major client is the New South
Wales government, for whom it surveys roads that are under
construction. Smith, Jones and Peters have been partners in the
firm for some time. There is an agreement between them limiting the
authority of the partners to contracts up to $ 10 000. Smith has
often purchased surveying equipment on behalf of the firm from
Sydney Engineering Supplies, dealing with its manager,...
A major retail firm is considering a major change in its distribution system. It is considering...
A major retail firm is considering a major change in its
distribution system. It is considering relocating its distribution
centers such that all retail stores can be replenished within 24
hours of a request for merchandise.
The table below is a matrix of cover coefficients for 10 stores
and 10 potential sites for distribution centers. If store i can be
replenished within 24 hours from site j, then a_ij=1; otherwise
a_ij=0. The cost of installation of the distributions centers vary...
The Architect Firm of Mike is examining its client base to determine how profitable its regular...
The Architect Firm of Mike is examining its client base to
determine how profitable its regular clients are. Its analysis
indicates that Charlie, Inc. paid $160,000 in fees last year, but
cost the firm $181,900 ($132,800 in billable labor, supplies, and
copying, and $49,100 in allocated common fixed costs). If Mike
dropped Charlie, Inc. as a client, and all fixed costs are
unavoidable, how would profit be affected?
Poroman Audit Firm was planning the audit for its existing client, Clay & Delta Corporation. The...
Poroman Audit Firm was planning the audit for its existing
client, Clay & Delta Corporation. The audit partner was trying
to determine the best audit strategy to use. Clay & Delta
Corporation is a small retailing company that does not have any
warehousing facilities as all stock is kept on the premises. Being
small, they only have a small team of staff, which makes the
separation of duties principle difficult to achieve. The
preliminary tests of controls found that the...
Simean & Co, a firm of CPA’s, issued an unqualified audit report for its client, Xing...
Simean & Co, a firm of CPA’s, issued an unqualified audit
report for its client, Xing Manufacturing Corporation, a footwear
manufacturer in Asia. Xing Manufacturing, listed its head office in
Toronto, Ontario, and its shares were traded on a Canadian Stock
Exchange. Simean & Co. knew the company was in the process of
refinancing a significant bank loan coming due, and the bank was
anxious to see the year end results. After an unqualified audit
report was issued, the regulator...
A telemarketing firm is monitoring the performance of its employees based on the number of sales...
A telemarketing firm is monitoring the performance of its
employees based on the number of sales per hour. One employee had
the following sales for the last 19 hours
9,5,2,6,5,6,4,4,4,7,4,4,7,8,4,4,5,5,4
What is the mode, median and mean for the distribution of number
of sales per hour?
What is the first and third quartile for the distribution of
number of sales per hour?
For the distribution of sales per hour, what is the
interquartile range?
Draw a dot plot for the...
Financing Strategies A firm based in Mexico has found that its growth is restricted by the...
Financing Strategies
A firm based in Mexico has found that its growth is restricted
by the limited liquidity of the Mexican capital market. List the
firm’s options for raising money on the global capital market.
Discuss the pros and cons of each option, and make a
recommendation. How might your recommended options be affected if
the Mexican peso depreciates significantly on the foreign exchange
markets over the next two years?
2 Ollie Mace is the controller of SDC, an automotive parts manufacturing firm. Its four major...
2 Ollie Mace is the controller of SDC,
an automotive parts manufacturing firm. Its four major operating
divisions are heat treating, extruding, small parts stamping, and
machining. Last year’s sales from each division ranged from
$150,000 to $3 million. Each division is physically and
managerially independent, except for the constant surveillance of
Sam Dilley, the firm’s founder.
The AIS for each division evolved according to the needs and
abilities of its accounting staff. Mace is the first controller to
have...
JCL Inc. is a major chip manufacturing firm that sells its products to computer manufacturers like...
JCL Inc. is a major chip manufacturing firm that sells its
products to computer manufacturers like Dell, HP, and others. In
simplified terms, chip making at JCL Inc. involves three basic
operations: depositing, patterning, and etching.
Depositing: Using chemical vapor deposition
(CVD) technology, an insulating material is deposited on the wafer
surface, forming a thin layer of solid material on the chip.
Patterning: Photolithography projects a
microscopic circuit pattern on the wafer surface, which has a
light-sensitive chemical like the...
In activity-based costing, each major activity has its own overhead cost pool, its own activity measure,...
In activity-based costing, each major activity has its own
overhead cost pool, its own activity measure, and its own overhead
rate.
True or False
TrueFalse
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