Jeepney Vehicle Sales agreed to supply Interior Safaris with four all-terrain vehicles by 30 June for use on a fully booked tour commencing on 15 July. The vehicles did not arrive until 14 July and were not fitted out until 20 July. The delay caused Interior Safaris to lose three clients at $4000 each, and to pay $1500 in overtime to prepare the vehicles for the journey is six days rather than 15. What remedy does Interior have against Jeepney?.
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Jeepney Vehicle Sales agreed to supply Interior Safaris with four all-terrain vehicles by 30 June for use on a fully booked tour commencing on 15 July. The vehicles did not arrive until 14 July and were not fitted out until 20 July. The delay caused Interior Safaris to lose three clients at $4000 each, and to pay $1500 in overtime to prepare the vehicles for the journey is six days rather than 15. What remedy does Interior have against Jeepney?.
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- Dylan Engineering Corporation has a contract with Marley Stores to provide customized software for Marley's inventory control system. Cliff Outlets, Inc., Marley's competitor, pays $2,500 to Costello, a Dylan subcontractor, who is writing code for the Marley software, to delay delivery of the code for one week. As a result, Dylan's delivery of the software to Marley is delayed, and Marley sustains $100,000 in lost profits. On what ground could Marley recover damages from Cliff? What would Marley have to prove to win their case? Fully discuss, including explaining what must be proven to establish any legal theories and how such issues are most likely to be resolved in court.Heartland Airways operates commuter flights in three Midwestern states. Due to a political convention held in Topeka, the airline added several extra flights during a two-week period. Additional cabin crews were hired on a temporary basis. However, rather than hiring additional flight attendants, the airlineused its current attendants on overtime. Monica Gaines worked the following schedule on August 10. All of Gaines’s flights on that day were extra flights that the airline would not normally fly. Regular time: 2 round-trip flights between Topeka and St. Louis (8 hours)Overtime: 1 one-way flight from Topeka to Kansas City (3 hours) Gaines earns $12 per hour and is paid time and a half when working overtime. Fringe benefits cost the airline $3 per hour for any hour worked, regardless of whether it is a regular or overtime hour.Required:1. Compute the direct cost of compensating Gaines for her services on the flight from Topeka to Kansas City.2. Compute the cost of Gaines’s services…Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 25 customers (with a standard deviation of 15) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $125. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-tripticket averages $250. Super Discount considers the cost of flying the plane from New York to Los Angeles at a sunk cost. By how many seats should Super Discount overbook the flight?
- The Cycle Shoppe has decided to offer credit to its customers during the spring selling season. Sales are expected to be 330 bicycles. The average cost to the shop of a bicycle is $300. The owner knows that only 93 percent of the customers will be able to make their payments. To identify the remaining 7 percent, she is considering subscribing to a credit agency. The initial charge for this service is $540, with an additional charge of $6 per individual report. What is the amount of the net savings from subscribing to the credit agency? A. $3,790 B. $3,920 C. $4,080 D. $4,410 E. $4,950Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $136 to $25. To receive this special $25 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 20% penalty fare for cancellation; it estimates that about seven-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 400 to 900. Ryan expects revenue for the year to be 55.4% higher than the previous year. Last year, Ryan’s sales were $483,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $116 round trip (with no cancellation penalty). a. Calculate the percent discount Ryan is offering. (Round to the nearest hundredth percent.) b. Calculate the percent passenger travel will increase. c. Calculate the sales for new year. d. Calculate Janice’s loss if she cancels one round-trip flight. e. Approximately how many more cancellations can…Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $136 to $25. To receive this special $25 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 20% penalty fare for cancellation; it estimates that about seven-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 400 to 900. Ryan expects revenue for the year to be 55.4% higher than the previous year. Last year, Ryan’s sales were $483,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $116 round trip (with no cancellation penalty). a. Calculate the percent discount Ryan is offering. b.e. Approximately how many more cancellations can Ryan Airlines expect (after Janice’s cancellation)?
- Roppongi Car Park is a small paid parking lot located in central Tokyo. Roppongi has fixed costs (rent of the land that it sits on) of ¥990,000 per month. They expect to charge ¥3,000 to park one car for one day. Assume that all customers park for the entire day. The lot has a capacity of 18 cars and only operates on weekdays (assume a total of 20 weekdays per month). In addition, Roppongi hires a lot attendant who parks the cars and collects the cash. The attendant is paid 10% of revenues plus ¥150 per car parked. 1. Given the information above, what is Roppongi’s breakeven point (in number of cars parked per month)?The ACC Tutoring Service provides tutoring to accounting students. The volume of tutoring is low at the beginning of the semester and increases before exams. ACC had its highest level of service in May when they provided 4,300 hours of tutoring at a total cost of $125,000 and it lowest level of service in January when they provided 1,500 hours of tutoring at a total cost of $55,000. Using the high-low method, the estimated fixed costs are $Franklin Airlines is a small airline that occasionally carries overload shipments for the overnight delivery company Never-Fail, Inc. Never-Fail is a multimillion-dollar company started by Wes Never immediately after he failed to finish his first accounting course. The company's motto is "We Never-Fail to Deliver Your Package on Time." When Never-Fail has more freight than it can deliver, it pays Franklin to carry the excess. Franklin contracts with independent pilots to fly its planes on a per-trip basis. Franklin recently purchased an airplane that cost the company $6,318,000. The plane has an estimated useful life of 24,300,000 miles and a zero salvage value. During the first week in January, Franklin flew two trips. The first trip was a round trip flight from Chicago to San Francisco, for which Franklin paid $340 for the pilot and $290 for fuel. The second flight was a round trip from Chicago to New York. For this trip, it paid $290 for the pilot and $145 for fuel. The round trip…
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