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2 years ago

Camille, a buyer, wants to change the price already agreed to in a sales contract. what document should she use?

Business

1 answer:

e-lub [12.9K]2 years ago

6 0

She should use <u>a </u><u>New contract</u>.

A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.

In the event of a breach of contract, victims are entitled to legal remedies, including damages and withdrawal. Contract law, the field of law of obligations dealing with contracts, is based on the principle that agreements must be honored.

learn more about contracts here. brainly.com/question/984979

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If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a ba

morpeh [17]

A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

$\rm ax + by = c$ , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

Given:

The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

$\rm 3s +2c = 22$

The cost of two sandwiches and one chips bag is $14.25.

Therefore, the 2nd equation will be:

$\rm 2s + c = 14.25$

To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

$\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end$ ... (3)

Now we will put $\rm c = 14.25 - 2s$ in equation 1:

$\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end$

On substituting the value of s in equation 3:

$\rm c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25$

Therefore the cost of a bag of chips is $1.25.

Learn more about linear equations in two variables here:

brainly.com/question/84787

8 0

2 years ago

If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the

mylen [45]

Answer:

b) 156

Explanation:

Total utility is the total amount of satisfaction received by a consumer after consuming a given quantity of a product or service. In this question there is the total utility of five product.

Total utility = 162

utility of fifth product = 6

Total utility of other four products = Total utility - utility of fifth product

Total utility of other four products = 162 - 6 = 156

4 0

2 years ago

As prosperity and economic development rise, ________ increases as well.

crimeas [40]

As prosperity and economic development rise, individualism increases as well.

Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual.

4 0

3 years ago

The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest r

Reil [10]

Answer:

a. The discount rate is the

interest rate at which banks can borrow reserves from the Federal Reserve.

The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.

b. If the Fed were to decrease the discount rate, banks will borrow

more reserves, causing an increase in lending and the money supply.

Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.

7 0

3 years ago

Read 2 more answers

Granite Construction Company is considering selling excess machinery with a book value of $175,000 (original cost of $315,000 le

aleksandr82 [10.1K]

Answer:

Sell option is preferred.

Explanation:

The decision whether to lease out the machinery that is surplus to requirement or sell outrightly is dependent on the differential analysis performed below.In the analysis I have compared the profits under each option in order to guide the final decision:

Differential analysis as at 7th November(Sale or lease option)

Sell option lease option

revenue from sell/lease option $180,000 $200,000

Brokerage commission(5%*$180,000) ($9,000) -

costs of repairs,insurance and property taxes - ($34,400)

Profits $171,000 $165,600

The sell option provides $5400($171,000-$165,600) than the lease option,hence the sell option is preferred.

One would have expect that the lease option since it has more revenue to preferable but the costs of repairs,insurance and property taxes were also on the high side

5 0

3 years ago