The correct answers to the questions are as follows:
1. NO, SPECIFIC PERFORMANCE ARE NOT ALLOWED IN THIS CASE BECAUSE MONEY DAMAGES ARE AVAILABLE.
When a party to a contract refuse to fulfill the terms of a contract, there are two forms of punishments that can be imposed on such an offender. It is either the court force the offender to perform the tasks expected of him or he can be asked to pay financial fines, which represents the damages incurred as a result of abandoning his work. In the question given above, money damages option is available, so Spud does not necessarily have to be forced to complete the job.
2. The correct answer is this: NO, SINCE BREACHING A CONTRACT IS USUALLY HELD TO BE A BUSINESS DECISION [NOT AN ACTION OF MORAL TURPITUDE] PUNITIVE DAMAGES ARE RARELY AWARDED IN CONTRACT CASES.
Punitive damages are damages imposed by the court of law, which are targeted at differing an offender and others from engaging in conducts that are similar to that which formed the basis of the concerned lawsuit. Punitive damages are usually awarded if the court feels that the compensatory damages awarded is not enough to compensate the injured party. Punitive damages are only awarded in special cases and usually under tort law; punitive damages generally can not be awarded in contract disputes.
Answer:
2 month standard deviation = 22.45%
Explanation:
Annual standard deviation = 55%
2 month standard deviation = Annual standard deviation / 
2 month standard deviation = 55% / 
2 month standard deviation = 55% / 2.44948974278
2 month standard deviation = 0.55 / 2.44948974278
2 month standard deviation = 0.224536559755416
2 month standard deviation = 22.45%
Industrial revolution is inevitable because it is the way to progress. the society today is due to that revolution. <span>The </span>Industrial Revolution<span> is the name given the movement in which machines changed people's way of life as well as their methods of manufacture. About the time of the American </span>Revolution<span>, the people of England began to use machines to make cloth and steam engines to run the machines.</span>
Answer: A. $265,000 $15,000
Explanation:
Their realized and recognized gain will be calculated as:
Realized gain will be gotten as:
= Sale value of home - Purchase value of home - selling expenses
= $ 390,000 - $105,000 - $20,000
= $265,000
Also, the recognized gain equals to $15,000. Therefore, the correct option is A "$265,000 $15,000".
Answer:
higher than net income computed under variable costing when units produced are greater than units sold
Explanation:
Absorption costing and variable costing techniques are used to compute the accounting cost of various operation. The calculation procedures of both the techniques are different; that is why the results are different. The net income under absorption costing is higher because it takes into account the indirect expenses and indirect costs. Likewise, absorption costing technique also includes manufacturing or overhead cost.
