{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T21:03:24-04:00", "answer_date": "2024-06-07 21:03:24", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2439910", "url": "\/study-help\/questions\/blossom-corp-designs-and-builds-custom-harvesting-equipment-for-logging-2439910", "question_creation_date_js": "2024-06-07T21:03:24-04:00", "question_creation_date": "Jun 07, 2024 09:03 PM", "meta_title": "[Solved] Blossom Corp. designs and builds custom h | SolutionInn", "meta_description": "Answer of - Blossom Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which i | SolutionInn", "meta_keywords": "blossom,corp,designs,builds,custom,harvesting,equipment,logging,companies,canada,company,publicly", "question_title_h1": "Blossom Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly traded, has a May 3 1 year", "question_title": "Blossom Corp. designs and builds custom harvesting equipment for logging companies across", "question_title_for_js_snippet": "Blossom Corp designs and builds custom harvesting equipment for logging companies across Canada The company, which is publicly traded, has a May 3 1 year end On February 1 8 , 2 0 2 4 , Blossom signed a contract with Bridgeport Harvesting Ltd to design and build 2 5 custom harvesters that can harvest wood at the steep grades found along many of the Pacific Coast timber stands included in Bridgeport's harvesting leases The following events took place in 2 0 2 4 in relation to the contract February 1 8 Officials from Blossom and Bridgeport sign the contract The contract was for $ 7 4 million Blossom is to design, manufacture, and deliver the 2 5 machines to Bridgeport's operations centre in Duncan, British Columbia Blossom's management estimates that the design component of the contract would be valued at $ 5 7 1 , 0 0 0 if contracted for separately, while the machine construction component of the contract would be valued at $ 7 3 million if the machines were purchased separately Blossom agrees to provide a three year assurance type warranty for the machines, and the company's management estimates that the warranty claims would total $ 2 9 7 , 0 0 0 based on past experience Bridgeport agrees to pay a $ 1 , 6 1 0 , 0 0 0 deposit within 1 0 days of signing the contract and to pay the balance within 1 5 days of the equipment being delivered February 2 5 Bridgeport pays the deposit specified in the contract March 2 8 Blossom's engineering staff complete the equipment design and it is approved by officials from Bridgeport May 1 8 Blossom completes construction of the 2 5 harvesters May 2 0 The 2 5 harvesters are loaded onto Blossom's trucks and are delivered to Bridgeport's operation centre in Duncan later that day June 2 Bridgeport pays the balance owing on the contract ", "question_description": "\"image
Blossom Corp. designs and builds custom harvesting equipment for logging companies across Canada. The company, which is publicly<\/span><\/div>
traded, has a May <\/span>3<\/mn>1<\/mn><\/mrow><\/math> year end. On February <\/span>1<\/mn>8<\/mn>,<\/mo><\/mtext>2<\/mn>0<\/mn>2<\/mn>4<\/mn>,<\/mo><\/mrow><\/math> Blossom signed a contract with Bridgeport Harvesting Ltd<\/span>.<\/mo><\/mrow><\/math> to design and build<\/span> <\/div>
2<\/mn>5<\/mn><\/mrow><\/math> custom harvesters that can harvest wood at the steep grades found along many of the Pacific Coast timber stands included in<\/span> <\/div>
Bridgeport's harvesting leases. The following events took place in <\/span>2<\/mn>0<\/mn>2<\/mn>4<\/mn><\/mrow><\/math> in relation to the contract:<\/span> <\/div>
February <\/span>1<\/mn>8<\/mn><\/mrow><\/math>: Officials from Blossom and Bridgeport sign the contract. The contract was for $<\/span>7<\/mn>.<\/mn>4<\/mn><\/mrow><\/math> million. Blossom is to design,<\/span> <\/div>
manufacture, and deliver the <\/span>2<\/mn>5<\/mn><\/mrow><\/math> machines to Bridgeport's operations centre in Duncan, British Columbia. Blossom's<\/span> <\/div>
management estimates that the design component of the contract would be valued at $<\/span>5<\/mn>7<\/mn>1<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> if contracted for separately,<\/span> <\/div>
while the machine construction component of the contract would be valued at $<\/span>7<\/mn>.<\/mn>3<\/mn><\/mrow><\/math> million if the machines were purchased<\/span> <\/div>
separately. Blossom agrees to provide a three<\/span>-<\/mo><\/mrow><\/math>year assurance<\/span>-<\/mo><\/mrow><\/math>type warranty for the machines, and the company's<\/span> <\/div>
management estimates that the warranty claims would total $<\/span>2<\/mn>9<\/mn>7<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> based on past experience. Bridgeport agrees to pay a<\/span> <\/div>
$<\/span>1<\/mn>,<\/mo>6<\/mn>1<\/mn>0<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> deposit within <\/span>1<\/mn>0<\/mn><\/mrow><\/math> days of signing the contract and to pay the balance within <\/span>1<\/mn>5<\/mn><\/mrow><\/math> days of the equipment being<\/span> <\/div>
delivered.<\/span><\/div>
February <\/span>2<\/mn>5<\/mn><\/mrow><\/math>: Bridgeport pays the deposit specified in the contract.<\/span> <\/div>
March <\/span>2<\/mn>8<\/mn><\/mrow><\/math>: Blossom's engineering staff complete the equipment design and it is approved by officials from Bridgeport.<\/span> <\/div>
May <\/span>1<\/mn>8<\/mn><\/mrow><\/math>: Blossom completes construction of the <\/span>2<\/mn>5<\/mn><\/mrow><\/math> harvesters.<\/span> <\/div>
May <\/span>2<\/mn>0<\/mn><\/mrow><\/math>: The <\/span>2<\/mn>5<\/mn><\/mrow><\/math> harvesters are loaded onto Blossom's trucks and are delivered to Bridgeport's operation centre in Duncan<\/span> <\/div>
later that day.<\/span><\/div>
June <\/span>2<\/mn><\/mrow><\/math>: Bridgeport pays the balance owing on the contract.<\/span> <\/div><\/span> <\/div><\/div> \"image", "transcribed_text": "", "related_book": { "title": "The Changing Geography Of Banking And Finance", "isbn": "1441947205, 978-1441947208", "edition": "1st Edition", "authors": "Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/2024\/03\/66050c9f889e3_94366050c9f62f22.jpg", "uri": "\/textbooks\/the-changing-geography-of-banking-and-finance-1st-edition-978-1441947208-260622", "see_more_uri": "" }, "free_related_book": { "isbn": "3834934496", "uri": "\/textbooks\/real-estate-finance-2012th-edition-9783834934499", "name": "Real Estate Finance", "edition": "2012th Edition" }, "question_posted": "2024-06-07 21:03:24", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/compare-and-contrast-the-structured-design-approach-and-the-objectoriented", "description": "Compare and contrast the structured design approach and the object-oriented design approach. 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