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Pavel [41]
3 years ago
7

Ahmir agrees to purchase a shipment of oriental rugs from oriental rug company for the price of $50,000, to be delivered on augu

st 15. on july 15, ahmir notifies oriental that he no longer wants to purchase the rugs. oriental spends $1,000 to advertise the rugs and obtains a new purchaser who buys the rugs for $40,000. oriental then sues ahmir for breach of contract. if oriental is successful in its breach of contract suit against ahmir, oriental may receive:
Business
1 answer:
Fynjy0 [20]3 years ago
4 0

Assuming a new purchaser who buys the rugs for $40,000. if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.

<h3>Breach of contract</h3>

Using this formula

Amount to received from Ahmir=Initial price+Cost of advertisement -new selling price

Where:

Initial price=$50,000

Cost of advertisement=$1,000

New selling price=$40,000

Let plug in the formula

Amount to received from Ahmir=$50,000+$1,000-$40,000

Amount to received from Ahmir=$11,000

Inconclusion  if oriental is successful in its breach of contract suit against ahmir, oriental may receive: $11,000 from Ahmir.

Learn more about breach of contract here:brainly.com/question/1184001

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Answer:

$46,800

Explanation:

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Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:

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=> Total overhead costs using activity - based costing system is:

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Answer:

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Prepare a list of 5 possible problems that could occur in a contract situation.
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