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WITCHER [35]
1 year ago
7

bart and claire are under contract for claire to buy bart's house, but her financing fell through. they decide to cancel the con

tract just as if it never happened. which termination method does this describe?
Business
1 answer:
denis23 [38]1 year ago
5 0

Rescission termination method is described as they decide to cancel the contract just as if it never happened.

<h3>What is termination method?</h3>

Termination is defined as the manner in which the connector is attached to the cable or wire. An essential component of using and choosing connections is the appropriate selection of termination techniques and use of termination technologies.

Rescission termination method is defined as a legal remedy that enables a party to a contract to break it. The process of rescinding a transaction. This is carried out in an effort to return the parties to their pre-contractual state as closely as feasible.

Thus, rescission termination method is described as they decide to cancel the contract just as if it never happened.

To learn more about termination method, refer to the link below:

brainly.com/question/14670135

#SPJ1

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A company that produces a popular brand of pasta decides against increasing product price. instead, the management decides to de
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3 years ago
Calculating Standard Quantities for Actual Production Guillermo's Oil and Lube Company is a service company that offers oil chan
vova2212 [387]

Answer:

Number of quarts for 960 oil changes= 6,144 quarts

No of hours for 960 oil changes = 432 hours

Number of quarts for 950 oil changes=6,080 quarts

No of hours  for 950 oil changes= 427.5 hours

Explanation:

Guillermo's Oil and Lube Company

1.Number of quarts for 1 oil change = 6.4 quarts of oil

Number of quarts for 960 oil changes= 6.4 quarts of oil *960= 6,144 quarts

2. Number of minutes for 1 oil change = 27 minutes

Number of minutes for 960 oil changes = 27 minutes*960= 25920 minutes

No of hours for 960 oil changes = 25920/60= 432 hours

3.Number of quarts for 1 oil change = 6.4 quarts of oil

Number of quarts for 950 oil changes= 6.4 quarts of oil *950= 6,080 quarts

Number of minutes for 1 oil change = 27 minutes

Number of minutes for 950 oil changes = 27 minutes*950= 25650 minutes

No of hours  for 950 oil changes= 25650/60= 427.5 hours

5 0
3 years ago
Assuming the total population is 100 million, the civilian labor force is 50 million, and 44 million workers are employed, the u
TiliK225 [7]
Assuming the total population is 100 million, the civilian labor force is 50 million, and 47 million workers are employed, the unemployment rate it: 6 percent. The natural rate of unemployment is the: full-employment unemployment rate.
6 0
3 years ago
Explain what lower of cost or market means in regards to reporting merchandise inventory on the balance sheet.
Degger [83]

Answer and Explanation:

Inventory is an asset and is posted on the asset side of the balance sheet. As per accounting standards regarding inventory valuation, it can be either valued at historical cost or at market price, whichever is lower.

Historical cost is the cost at which asset was acquired. Market price is the price which would be received if the asset is replaced as on the date on which balance sheet is prepared. Inventory is valued at lower of the above mentioned costs.

4 0
3 years ago
In the base year in a small island macroeconomy, nominal GDP was $400m. In a later year when the general level of all prices was
Cerrena [4.2K]

Answer:

Both options C and D are correct.

Explanation:

Inflation refers to an increase in the general price level of goods and services overtime. Since it is conveyed in the question that the general price level in a later year became twice as high, inflation definitely occurred. Hence, option D is correct.

Nominal GDP is the value of the total output at current market prices. Real GDP adjusts that value for inflation. As prices double, nominal GDP ought to increase from $400m to $800m. However, it actually rose to $1000m. This additional increase of $200m shows that the real GDP has risen. However, the increase in real GDP is less than 100%. This implies option C is also correct.  

8 0
3 years ago
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