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mr_godi [17]
2 years ago
12

Slippery Slopes promised to arrange for a licensed California contractor to "work with" Water Slides Designs on the construction

; Slippery Slopes also assured it would pay the total contract price of $850,000, regardless of any licensing issues. Water Slides Designs designed and installed the pool as ordered. But Slippery Slopes failed to make the final payment of $110,000. Water Slides Designs sued.cAN SLIPPERY SLIDES DESIGNS BE SUED FOR BRESCH OF CONTRACT OR FRAUD TRICKERY
Business
1 answer:
Alenkasestr [34]2 years ago
6 0

Yes, Slippery Slopes did Breach of Contract entered by both parties since it is contract whether verbal or written and as such, they they can be sued.

<h3>What is the breach of a contract?</h3>

This is known to be a violation of a contractual duty that has been entered by two or more parties. One may breach a contract if they fail to keep or carry out  a promise, etc.

Therefore, the response is Yes, Slippery Slopes did Breach of Contract entered by both parties since it is contract whether verbal or written and as such, they they can be sued.

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Because of the substitution problem, the cpi tends to overstate the true change in the price of the typical basket of consumer g
butalik [34]

It is true that because of the substitution problem, the CPI tends to overstate the true change in the price of the typical basket of consumer goods.

<h3>What is CPI?</h3>
  • A consumer price index measures a market basket of goods and services that households have purchased at a weighted average price.
  • The measured CPI fluctuates to reflect changes in prices over time.
  • One of the most popular methods for determining inflation and deflation is the CPI.
  • An essential gauge of an economy's health is inflation. The CPI and other indexes are used by governments and central banks when making economic decisions.
  • The decision to raise or cut interest rates is crucial among these.
  • If the CPI increases, it indicates that the average rate of change in price over time has increased. The cost of living and income are eventually changed as a result of this.

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7 0
1 year ago
Alpaca Corporation had revenues of $290,000 in its first year of operations. The company has not collected on $18,600 of its sal
Kitty [74]

Answer:

$118,860

Explanation:

Gross Margin:

= Revenue - Cost of Goods Sold

= $290,000 - $100,000

= $190,000

Profit before tax:

= Gross Margin - Salaries - Insurance payment - Interest

= $190,000 - $12,000 - $3,600 - $4,600

= $169,800

Insurance payment: Only half of 2-year payment of 7,200 is relevant for this year.

Net Income:

= Profit before tax - Tax at 30%

= $169,800 - (30% × $169,800)

= $169,800 - $50,940

= $118,860

8 0
3 years ago
The gross earnings of the factory workers for Larkin Company during the month of January are $91,000. The employer's payroll tax
cestrela7 [59]

Answer:

Explanation:

The journal entry is shown below:

(a) Factory Labor/Expenses A/c Dr $103,800

        To Factory wages payable               $91,000

         To Employer payroll taxes payable $7,700

         To Fringe benefits payable              $5,100

(Being labor expenses are recorded)

(b) Direct labor A/c Dr   $87192 ($103,800 × 84%)

    Indirect labor A/c Dr $16,608 ($103,800 × 16%)

          To Factory Labor                     $103,800

(Being factor labor is assigned)

7 0
3 years ago
when reviewing their accounts, the yanos company discovered that in the previous year there had been improper treatment of tax l
natka813 [3]

The Yanos Company found that the prior year's tax liabilities had been handled incorrectly after reviewing their books. They'll now have to make accounting adjustments. An example of modifications brought on by an error is this.

A person who is able to adjust to changes in their physical, occupational, and social environment is said to be in a state of adjustment. Adjustment, then, is the behavioral process of balancing opposing demands or needs that are hampered by environmental challenges. Both people and animals regularly adapt to their surroundings. For instance, they eat to sate their hunger when it is triggered by their physiological state, which allows them to respond to the hunger stimuli. An failure to respond normally to a need or stress in the environment is a sign of adjustment disorder.

To have a life of high quality, adjustment must be successful. People who have trouble adjusting are more prone to experience clinical anxiety.

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7 0
1 year ago
Income tax is the only type of tax collected in most states within the United States. True or False?
Ratling [72]
The ansewer is False




8 0
4 years ago
Read 2 more answers
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