Answer:
$300,000
Explanation:
A contract is formed between different parties when there is an offer and acceptance of terms in performance of a job.
In construction contracts where a construction company enters a contract to build a warehouse for Vincent Corporation. The amount they will lost profits depends on which party is breaching the contract and at which project stage it happens.
In this case the contract was breached by the owner before project began. Damages/lost profits are project price less project cost.
Lost profit= 700,000 - 400,000= $300,000
Answer: The above is an example of a basic employment generating nonbasic employment.
Explanation: Basic employment is employment as a result of businesses that operate on a very large scale, and usually these businesses export their products outside the location where they are because they can more than meet the demand of that locality.
As seen in the question above, where fishing is the mainstay of the economy of Seattle. This means the fishing industry in Seattle can meet the demand of Seattle and still have commercial quantities for export.
Non-basic employment often refers to small businesses who offer services to the local customers.
In the case of the question above, the fishing industry has brought about a rise in small businesses, these small businesses will make profit from meeting the needs of the fishermen.
I think the correct answer from the choices listed above is the first option. It is generally agreed that the role of strategy is to <span>make best use of resources. It is very important to use every little thing we have to our advantage. Hope this helps. Have a nice day.</span>
N.B: I don't understand your question fully and neither can i find the complete question anywhere on the internet so im going to answer this sentence and hope it helps you.
Answer:
True
Explanation:
When a company has employees from different backgrounds and with different skills set, it helps the company come up with a lot of innovations that cuts across different cultures, thereby expanding their own range of services and/or goods. Also it helps in problem solving as each employee can come to the table with various ways of solving a problem.
This situation can be called diversity of thoughts.
Cheers.
Answer:
Break-even point in units= 33,333.33 units
Explanation:
<em>The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss. </em>
The beak-even point can be determined as follows:
The Break-even point in sales = Total general fixed cost / Contribution per unit margin
Contribution per unit = Contribution margin ration × selling price
= 40%×11.25 =4.5
The break-even point (in unit) = 150,000/ 4.5
=33,333.33
break-even point in units= 33,333.33 units
