An example of a contract where performance is time of the essence and must be completed on a specified date is a wedding catering contract.
Contracts that have a specific completion date are considered essential if their performance is time-sensitive. An example of a contract where performance is time of the essence and must be delivered on a specific date is wedding catering contract.
In this scenario, the catering company is required to provide food and service for a wedding reception on a specific date and time. If the catering company fails to deliver the service on the agreed-upon date and time, it could cause significant problems for the wedding celebration and breach the contract. In this case, performance on or within the exact time specified is essential for the contract to be successfully executed.
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Suppose that demand for a good decreases and, at the same time, supply of the good decreases. What would happen in the market for the good?.
Suppose that demand for a good decreases and, at the same time, supply of the good decreases. In this case, the effect of the decrease in demand will be an increase in the equilibrium quantity and a decrease in the equilibrium price, while the effect of the decrease in supply will be a decrease in the equilibrium quantity and an increase in the equilibrium price.
As a result, the effect of the decrease in demand and supply will depend on the magnitude of each shift, with the more dominant shift determining the overall effect on the market. If the decrease in demand is greater than the decrease in supply, then the market will experience a net decrease in both equilibrium quantity and price. If the decrease in supply is greater than the decrease in demand, then the market will experience a net increase in both equilibrium price and quantity.
The figure below illustrates the possible outcomes of a simultaneous decrease in demand and supply:In the figure, the original equilibrium is at point E1, with a price of P1 and a quantity of Q1. The decrease in demand shifts the demand curve from D1 to D2, resulting in a new equilibrium at point E2, with a lower price of P2 and a higher quantity of Q2.
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If you have an orientation where you read manuals and fill out paperwork, it is probably a _____.
a.
new hire orientation
b.
interactive orientation
c.
reorientation
d.
mentorship
Answer:
mentorship
Explanation:
In what kind of nation are members of a society most likely to have good educational opportunities?
a developing nation
a developed nation
a country emerging from an economic and political crisis
an underdeveloped nation
Answer:
a developed nation for states
PLZ HELP this is Econ btw !!! How can technology as a determinant decrease supply? Explain or give
an example.
Answer:
as we simply know the technology degradation will increase the cost of production and decrease the profit and when there will be less profit the supplier supplies less goods in the market
hence the supply will decrease.
vice versa in the case of technology improvement.
is it fine?
The role of the forward FX contract is to offset the uncertainty regarding the future spot rate on a particular currency at the end of the investment horizon.
True or False?
True.
A forward FX contract allows an investor to lock in a future exchange rate for a specific currency, which helps to mitigate the risk of uncertainty surrounding the spot rate at the end of the investment horizon.
By entering into a forward contract, the investor can secure a known exchange rate and reduce their exposure to fluctuations in the currency market. However, it's important to note that forward contracts are not foolproof and there is still some risk involved.
Factors such as unexpected political or economic events can impact exchange rates, even if they are locked in through a forward contract.
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In your opinion, is the “shrink it and pink it” strategy an effective way to market sports apparel to women? Why or why not?
Answer:
Concept: Business Administration
By definition the shrink it and pink it is a method employed by marketing to create a curated color that appeals to the women eye and also retroactively fits their figure and stature.Arguably, the strategy is effective in principle as it attracts more women buyers that would have otherwise skipped over the said sport apparel. It curated a line of clothing that suits them and makes them feel included. The principle of inclusiveness is a driving factor in this strategy which inherently has increased the sales of women apparel.Answer:
I don't think it's an effective strategy. It seems a little sexist to be completely honest. As someone who was raised by an extremely progressive mother, I think it's safe to say that women don't appreciate generalizations, much less made by the marketplace.
When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answer:
when the difference outweighs the cost
if the mean is 32 and the median is 40 what would be value of mode
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
Blake racked up three safety violations in one month and was taken off the construction crew and put in the office, meaning he was no longer eligible for overtime. He pled with his boss, saying he needed the money for rent. Citing that Blake's financial situation was not a concern of the company, he was put in the office until he could demonstrate that safety was a priority. This illustrates
Answer:
Punishment.
Explanation:
In this scenario, Blake racked up three safety violations in one month and was taken off the construction crew and put in the office, meaning he was no longer eligible for overtime. He pled with his boss, saying he needed the money for rent. Citing that Blake's financial situation was not a concern of the company, he was put in the office until he could demonstrate that safety was a priority. This illustrates punishment.
Punishment can be defined as an act of imposing a penalty or consequences on an individual or group of people for flouting rules, guidelines or instructions and any other wrongdoing.
Generally, punishments are used as a moral tool to discourage wrongdoing or unacceptable behaviors being exhibited by people and to serve as a deterrent to others.
Given that he had violated three safety precautions in just one month, the managers action of removing him from the construction site illustrates punishment.
This is an example of positive punishment in the workplace. Punishment is a way of disapproving of certain work behaviors that are unacceptable.
Safety in the workplace is a matter of grave concern. From this punishment that he is made to receive, he would be more safety conscious when he is allowed to join the crew.
The manager's action was very necessary to avoid negative workplace incidents.
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Comment created
Bin Company has a direct labor standard of 10 hours per unit of output. Each employee has a standard wage rate of $10 per hour. During May, employees worked 13,000 hours. The direct labor rate variance was $9,100 favorable; the direct labor efficiency variance was $15,000 unfavorable. How many units were produſed?
Bin Company produced 1,300 units.
To calculate the number of units produced, we need to analyze the information provided regarding the direct labor standard, actual hours worked, and the variances.
The direct labor rate variance represents the difference between the standard rate and the actual rate multiplied by the actual hours worked. In this case, the direct labor rate variance is $9,100 favorable. Since the standard wage rate is $10 per hour, we can calculate the actual wage rate by dividing the favorable variance by the actual hours worked: $9,100 / 13,000 hours = $0.70 per hour.
The direct labor efficiency variance measures the difference between the standard hours allowed and the actual hours worked multiplied by the standard wage rate. In this case, the direct labor efficiency variance is $15,000 unfavorable. We can calculate the standard hours allowed by dividing the unfavorable variance by the standard wage rate: $15,000 / $10 per hour = 1,500 hours.
Now, we can calculate the number of units produced by dividing the actual hours worked by the standard labor hours per unit: 13,000 hours / 10 hours per unit = 1,300 units.
Therefore, Bin Company produced 1,300 units.
By analyzing the variances, we can determine the actual wage rate and the standard hours allowed. Dividing the actual hours worked by the standard labor hours per unit gives us the number of units produced.
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objective use to
achieve money
allocation to achieve
la desired outcome
FILL IN THE BLANK. Electrical forces ____.
(static electricity)
a. can cause objects to only attract each other
b. can cause objects to only repel each other
c. can cause objects to attract or repel each other
d. have no effect on objects
Electrical forces can cause objects to attract or repel each other.
Option C is correct.
Electrical forces are one of the fundamental forces of nature that govern the behavior of electrically charged particles, such as protons and electrons. These forces arise due to the interaction between the electrically charged particles and are responsible for the attraction or repulsion of particles.
The strength of the electrical force is determined by the magnitude of the charge on the particles and the distance between them. Like charges (i.e., positive-positive or negative-negative) repel each other, while opposite charges (i.e., positive-negative) attract each other. The magnitude of the force decreases as the distance between the particles increases.
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Direct sales of livestock often result in which of the following additional expenses?
A.
Fees for agents
B.
Yardage fees
C.
A substantial loss due to the fact that livestock generally do not travel well
D.
The cost of feeding mature livestock while waiting for the rest of the herd to mature
Direct sales of livestock often result in yardage fees, which are the charges for keeping livestock at feedlot or other facility until they can be sold or shipped.
What are direct sales?Direct sales is a business model in which products or services are sold directly to consumers without the involvement of a retail middleman. This means that the manufacturer or service provider sells directly to the end user through various methods such as door-to-door sales, in-home parties, or through online sales platforms. Direct sales allow for a more personalized shopping experience for the consumer and can often result in cost savings for both the manufacturer and the consumer. Direct sales companies typically use a network of independent sales representatives who are compensated for their sales efforts through commissions and bonuses. These representatives can also recruit and manage their own sales teams, creating a network marketing structure. Direct sales have become increasingly popular due to advancements in technology and the rise of e-commerce.
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In the following pictograph, how many books has Group 3 read?
18
25
15
12
Answer:
15 is the answer you are looking
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
an account that earns ___ interest will result in a higher annual percentage yield
Answer:
The annual percentage yield (APY) is paid to a depositor by a financial institution. The percentage is based on the existing amount after a certain period. If the owner of saving account choose not to take out the past interest revenue, the amount would be compounded for future years.
Answer:
The answer is C. Compound
Explanation:
I took the quiz :) your welcome <3
Colorado Corporation was organized at the beginning of the year, with the investment of $250,000 in cash by its stockholders. The company immediately purchased an office building for $300,000, paying $210,000 in cash and signing a three-year promissory note for the balance. Colorado signed a five-year, $60,000 promissory note at a local bank during the year and received cash in the same amount. During its first year, Colorado collected $93,970 from its customers. It paid $65,600 for inventory, $20,400 in salaries and wages, and another $3,100 in taxes. Colorado paid $5,600 in cash dividends.
Required:
1. Prepare a statement of cash flows for the year.
2. What does this statement tell you that an income statement does not?
Based on the given figures for Colorado Corporation, the statement of cash flows for the year would be:
Cash flow for Operating Activities
Cash from customers 93,970
Less:
Cash for inventory 65,600
Salaries and Wages 20,400
Taxes 3,100 ( 89,100)
Net Cash from Operating Activities 4,870
Cash flow from Investing Activities
Purchase of office building (210,000)
Net cash used for Investing Activities (210,000)
Cash flow from Financing Activities
Issuance of Common stock 250,000
Note Payable 60,000
Dividend payment (5,600)
Net cash from Financing Activities 304,400
Net increase in cash 99,270
Opening cash balance 0
Closing cash balance 99,270
What does the statement of cash flows show?It shows transactions that involve actual cash being spent or gained by the company.
This allows Colorado Corporation to know the actual amount of cash it has for operations.
An Income statement on the other hand, shows the transactions that a business gets involved in regardless of whether they involve actual cash or not. This means that it cannot show the actual amount of cash that a business has.
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Fixed-income Portfolio [20 marks] Afin-Super is the largest superannuation and pension fund in Macquarieland. To promote pension and annuity service, Afin-Super is serving a short-term experience plan(STEP). Plan joiners will be paid $10,000 once a year for a 2-year period (2 payments in total). The first payment will come in 5 years from now. The yield curve is flat at 5% for all maturity. Interests are compounded annually.
(a) What is the Macaulay duration of STEP? [2 marks] (b) Afin-Super plans to use 5-year and 9-year zero-coupon bonds to immunise STEP. How much money should Afin-Super allocate to these bonds for each STEP obligation? [4 marks]
(c) If the whole yield curve suddenly shifts to 2% right after the first payment be made 5 years from now: (i) How much will Afin-Super be short of in the last payment, if Afin-Super do not immunise the obligation? [4 marks] (ii) How much will Afin-Super be short of in the last payment, if Afin-Super keep their immunising portfolio? [6 marks] (d) Explain the differences in the result of (c i) and(c ii). [2 marks] (e) Give one pros and cons of immunising obligation using bond funds. [2 marks]
The fixed-income portfolio's essential features include a predetermined payment amount and schedule. Afin-Super, the largest superannuation and pension fund in Macquarieland, is providing a short-term experience program (STEP) to promote pension and annuity service.
A one-time payment of $10,000 will be made to plan joiners once a year for two years (two payments in total).The first payment will be made five years from now, with an annual compounded interest rate of 5%. The current yield curve is flat across all maturities.Fixed-income portfolios are designed to provide investors with predictable returns and a reliable stream of income. They are a critical component of an investor's portfolio, especially for those seeking to minimize their exposure to market volatility. In the fixed-income market, interest rates are the primary determinant of asset prices.
To manage this risk, investors can diversify their holdings across different maturities and sectors, which can help mitigate the impact of rate changes on the portfolio's overall performance.
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organizations cannot gain a competitive advantage by enhancing existing products or services. true false
The given statement "organizations cannot gain a competitive advantage by enhancing existing products or services." is false as it is a way to scale business.
Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals. Cost structure, branding, the standard of the product offerings, the distribution system, intellectual property, and customer service are just a few examples of the factors that are thought to contribute to competitive advantages.
competitive advantages tend to be things competitors cannot easily replicate or imitate. Businesses can figuratively dig moats around themselves to enclose competitive advantages, which Warren Buffet refers to as economic moats.
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a corporate manager who simply looks at the action he/she is about to take and only asks whether the benefit to the shareholders will outweigh the cost to the corporation, is using:
A corporate manager who simply looks at the action he/she is about to take and only asks whether the benefit to the shareholders will outweigh the cost to the corporation is using utility thinking.
The position of manager is setting up and overseeing a selected group, venture, or area inside a business. The volume and scope of a supervisor's obligations can range relying on their role withinside the organization. The task identification of the supervisor can suggest that any individual is coping with a crew or coping with a positive function. A supervisor is a man or woman inside an employer who's in the price of coordinating the efforts of people or the allocation of resources. As such, a supervisor is one that undertakes control activities. A boss is sincerely the man or woman above you withinside the organization hierarchy, whilst a supervisor is a person who has a degree of management or duty withinside the organization or employer.
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Pharmaceuticals, food, and other necessities would be good performers during the ____ stage of the business cycle.
Pharmaceuticals, food, and other necessities would be good performers during the contraction stage of the business cycle.
What is meant by the business cycle?
Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
What is a business cycle and why is it important?
Understanding business cycles is crucial for success while running a business. A business cycle is the measured expansion and contraction of economic growth over a given time period. It is also referred to as a trade or economic cycle. Business owners can make wise judgments if they have a thorough understanding of business cycles.
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Pendant publishing recently reported $5,070,642 in sales, $3,528,000 in cost of goods sold, $719,988 in other operating expenses, and $18,900 in depreciation. It had an interest expense of $43,828 and its federal-plus-state income tax rate was 40%. What was pendant publishing s ebit?.
Based on the computation of EBIT by using reported sales of $5,070,642, $3,528,000 in cost of goods sold, $719,988 in other operating expenses, and $18,900 in depreciation, then, the Earnings Before Interest and Taxes equals to $803,754.
What is an Earnings Before Interest and Taxes?In accounting, an Earnings Before Interest and Taxes refers to a company's net income before income tax expense and interest expenses are deducted. The finance tool is mostly used to analyze the performance of a company's core operations without the costs of the capital structure and tax expenses impacting profit.
Also, an Earnings Before Interest and Taxes is also known as operating income because they both exclude interest expenses and taxes from their calculations.
Computation of the EBIT
EBIT = Sales - (COGS+ Expenses+Depreciation)
EBIT= $5,070,642 - ($3,528,000+$719,988+$18,900)
EBIT= $803,754.
In conclusion, the the Earnings Before Interest and Taxes equals to $803,754.
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Which is a possible benefit of having a good credit history?
Answer: Lower interest rates for loans
Explanation: The better your credit score the lower the interest from lenders because you have an established record of paying on time.
You+sold+short+100+shares+of+common+stock+at+$45+per+share.+the+initial+margin+is+50%.+your+initial+investment+was:_______-
You sold short 100 shares of common stock at $45 per share. Your initial margin is 50%. your initial investment was $2250
Answers is 100 shares$45 per share 50% = $4500; $4500*50% = $2250
Initial investment is the initial amount required to open an account or establish a buy-in relationship. The term 'initial investment' is primarily used in two different but related fields: banking and long-term investment brokerage.
How do you find your initial investment?
The formula for the compound interest initial investment calculator is F = P (1 + i)n. where F is the future amount, P is the current dollar amount or initial investment amount, and I is the annual investment amount. is the interest rate (expressed as a decimal number) and n is the number of years in which the initial investment will be recovered.
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
form utility is created by making a product available at a location where customers wish to purchase it.
Place utility is created by making a product available at a location where customers wish to purchase it.
What is utility?
In economics, the term "utility" is used to define the value or worth of a good or service. More precisely, utility is the total enjoyment or value derived from utilizing a product or service. In economic theories of rational choice, it is frequently assumed that consumers would aim to maximise their utility.
The economic utility of a good or service must be understood since it directly affects demand and pricing. In practise, consumer utility is frequently difficult to measure or quantify. However, some economists believe that by combining a number of models, they may evaluate an economic good or service's effectiveness in an indirect manner.
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The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1
Answer:
I hope this helps
Explanation:
216-258 0
Please only answer if you can help!!
Bobby is building a home for Shyla that under the original contract is to be completed by June 3rd. Shyla found the plans for the home in a publication focusing on unique houses and is excited because it will be the only style of home in this area. Because he underestimated the time needed for special antique framing required for Shyla's house, Bobby tells Shyla that he needs to hire additional workers in order to have the home done by that time and that Shyla needs to pay him an extra $5,000. Shyla says that she will pay the extra $5,000. Bobby finishes the home and asks for his $5,000. Shyla refuses to pay. What will happen if Bobby sues? Which theory of contracts/consideration is applicable and then who will win in this scenario.
Shyla must pay Frank the extra $5,000 because she consented to do so and didn't object to Frank's miscalculation of time when she consented to give him $5,000.
Is an agreement a contract if consent to it was obtained by coercion?When agreement is gained by the exercise of undue influence, the agreement may be revoked at the sole discretion of the individual whose consent was coerced.
What is agreement when it is forced and the outcome of mistake?It is impossible to argue that consent was granted voluntarily if it was obtained under duress, coercion, fraud, misrepresentation, or error. The contract is voidable if there is a mistake in the cause or the factor that led to the mistake.
Is the contract valid when a party's consent is not freely given?When a contract is signed without the parties' express assent, it is deemed voidable. The legislation defines a voidable contract as one that is enforceable by law at the choice of one or more parties, but not at the discretion of the other parties.
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determining the budget involves allocating the project cost estimate to individual work items over time. T/F
False. Determining the budget involves more than just allocating the project cost estimate to individual work items over time.
While allocating costs to work items is a part of budgeting, it is not the sole aspect. Budgeting also includes considering various factors such as resource availability, project timeline, risk assessment, and cost estimation techniques. It involves analyzing and estimating the costs associated with each task or phase of the project and creating a comprehensive plan for managing and tracking the project's financial resources. The budgeting process is crucial for effective project management as it helps ensure that adequate funds are allocated to complete the project successfully while monitoring and controlling expenses throughout its lifecycle.
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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,