Answer:
Sheila letting Susan keep $1,000 without holding her liable for not completing the job is an example of a WAIVER.
Explanation:
A waiver is a legal intention or demonstration of a party in a contract to voluntarily relinquish their rights or claims in a contract. This is done without holding the other party (especially when they default in meeting the terms of the contract) liable for damages.
The party that voluntarily relinquishes their rights will usually not pursue any legal action against the defaulting party.
Therefore the scenario above is an example of a waiver, since Sheila has decided not to enforce the contract and has also allowed Susan keep part of the money.
Answer:
decrease
Explanation:
Break-even point is use to determine the minimum number of units a company needs to sell in order to fully cover the fixed costs. The formula for break-even point is ;
Break- even point = Fixed cost/ (Selling price - Variable cost)
When fixed cost(FC) is decreased while variable cost (VC) and selling price is kept at the same level, the numerator will be smaller making the break- even point to decrease.
Answer:
Koshka
If Koshka accepts the make or buy offer, it will save $17 per batch.
Explanation:
a) Data and Calculations:
Cost of making corn chips per batch:
Direct materials $18.00
Direct labor 13.00
Variable overhead 11.00
Fixed overhead 14.00
Total costs $56.00
Relevant costs of making the corn chips batch in-house:
Direct materials $18.00
Direct labor 13.00
Variable overhead 11.00
Total variable costs $42.00
Relevant cost of buying from the outside supplier per batch = $25
Savings = $17 ($42 - $25)
b) Fixed overhead is not a relevant cost because it will still be incurred whether Koshka makes or buys the corn chips batch. The relevant costs are the costs that will change as a result of the choice made.
Small and Medium Enterprise (SME) Entrepreneur usually need more cash because the buisness dynamics will initially lose money.
<h3><u>IDEs and SMEs</u></h3>
Startup businesses vary greatly from one another. Both innovation-driven enterprises (IDEs) and conventional small- and medium-sized businesses (SMEs) are capable of producing worthwhile goods and services and adding to the labor force. However, IDEs, which are startups aimed at addressing global markets through technological, process, or business model innovation, have the potential to add hundreds or even thousands of high-skill jobs if they are successful, whereas SMEs concentrate on local or regional markets and produce employment that are "non-tradable."
To know more on the SME topic, refer to:
brainly.com/question/26204483
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