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Natasha_Volkova [10]
2 years ago
13

Contracted parties discharge their obligations by doing what they respectively agreed to do under the terms of an agreement; thi

s is called discharge by ______.
Business
1 answer:
Schach [20]2 years ago
7 0

If Contracted parties discharge their obligations by doing what they respectively agreed to do: this is called discharge by <u>performance</u>

<h3>What is Discharge by performance?</h3>

Discharge by perfomance can be defined as the process in which a parties in a contract agreed to carryout or agreed to perform their duties based on the terms of their agreement.

By doing so the parties has fulfil their obligation based on their contract agreement which is know as discharge of performance.

Therefore this is called discharge by <u>performance</u>

Learn more about Discharge by perfomance here:brainly.com/question/8307959

#SPJ1

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Melissa recently paid $640 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also
Ilya [14]

Answer:

Please refer explanation

Explanation:

A. What amount of the travel costs can Melissa deduct as business expenses?

Round trip airfare : $640

Registration for the conference: $590

3 nights lodging : $225 x 3 = $675

Meals : $170 x 50% = $85

Cab fare: $605

Total deductible as business expenses: $640 + $590 + $675 + $85 + $605 = $2595

B. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,270 for transportation, $825 for lodging, and $340 for meals during this part of her trip, which she considers personal in nature. What amount of the travel costs can Melissa deduct as business expenses?

Sightseeing was done purely for her leisure and entertainment and had nothing to contribute towards the business. Hence, no amount ($0) of the costs that were associated with sightseeing can be deducted as a business expense.

c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business expense?

Since the main purpose of the trip and taking a plane was for personal reasons and she attended the business conference simply because she was on the coast at that point of time, total airfare expenses would be incurred as a personal expense. Hence, no amount of the airfare expense will be a business expense.

$2595 - $640 = $1955 is the total business expense

D. Suppose that Melissa’s permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $635 for the registration fee. She drove 196 miles over the course of three days and paid $181 for parking at the conference hotel. In addition, she spent $610 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of the travel costs can Melissa deduct as business expenses?

Conference registration: $635

Mileage dedication: 196 x 0.565 = $110.74 (since mileage cost per mile has not been provided, an estimate has been obtain based on San Francisco mileage costs)

Parking fees: $181

Total: $926.74 deductible as business expenses

7 0
3 years ago
Reviewing census data to see how many seniors over 55 are near your proposed location is an example of:
fomenos
Demographic. I think
4 0
2 years ago
The Pampered Pet Shop operates in a perfectly competitive industry and hires you as an economic consultant. The firm is currentl
Sphinxa [80]

Answer:

c. cease production immediately, because it is incurring a loss.

Explanation:

When a business engages in production it looks to make profit. That is for the production price to be higher than cost incurred in producing the good.

However when the price is lower than the average variable cost as is indicated in the scenario then the firm needs to shut down production in the short term.

Factors that will adversely affect a firm in the short term are price, average total cost, and average variable cost.

Once price is less than average total cost or average variable cost it is better to stop production.

As they are incurring an economic loss

5 0
3 years ago
Read 2 more answers
Say that the original supply curve for avocados is the curve labeled S and the demand curve for avocados is the curve labeled D.
DaniilM [7]

Answer:

D. supply increased and quantity demanded increased.

Explanation:

When supply curve moved from s to s1 , supply increased . demand curve did not move . Then the new equilibrium will shift towards the lower price with demand also showing increasing trend to balance supply but at lower price.

4 0
3 years ago
The following information was taken from the financial statements of Fox Resources for December 31 of the current fiscal year: C
WINSTONCH [101]

Answer:

Fox Resources

Units of common stock in issue = $5,000,000 divided $20 = 250,000 units

A. Earnings per share = Net income (after deducting preferred stock interest) divided by number of outstanding shares in issue

We assume the Net income provided already has deducted interest on preferred stock

= 600,000/250,000

= $2.4

B. Price Earning Ratio

= share price divided by the Earnings per share

= 20/2.4

= 8.33

C. Dividend Per share

= Dividend paid divided by number of common stock issued & outstanding

= $125,000/250,000

= $0.50

6 0
3 years ago
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