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anygoal [31]
3 years ago
8

Omkara, a furniture manufacturer, contracts with foam gnome for $50,000 worth of foam, which omkara will use for making ten sofa

s she has agreed to make for dukeâs furniture. a day before gnome is going to ship the foam to omkara, a flood destroys its entire inventory. gnome tells omkara it cannot send her the foam in time, but tells her that firmfoam can supply her with an identical shipment for $65,000. this increase in price will wipe out twenty percent of omkaraâs profit from her contract with dukeâs. omkara wants to get out of both contracts. can she
Business
1 answer:
snow_tiger [21]3 years ago
8 0
In this situation, it would be a breach of contract if G<span>nome would require </span>Omkara<span> to pay a higher price than the agreed price. They have already contracted the price and they both agreed to it. </span>Omkara<span> can enforce her right to the contract claiming that she will only pay the $50000 because it is what they have agreed upon.</span>
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The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called:
olganol [36]

The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

<h3>What is optimal-wage theory?</h3>

Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.

Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.

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brainly.com/question/11555274

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8 0
1 year ago
Internal failure costs are costs incurred​ ________. A. after the company delivers poorminusquality goods or services to custome
Grace [21]

Answer:

c. when the company corrects poorminusquality goods or services before delivery to customers.

Explanation:

Internal failure costs are costs incurred when the company corrects <u>poorminusquality goods or services before delivery to customers.</u>

5 0
2 years ago
Eric is an hr manager at communication connections. which task would he perform as a part of the human resource planning process
artcher [175]

Forecasting future human resource requirements for his company is a part of the human resource planning process.

Forecasting is the method of making predictions based totally on past and present statistics. Later those can be compared to what takes place. For example, an agency may estimate its sales within the next year, then examine it against the actual consequences. Prediction is similar, but the extra preferred time period.

Forecasting is a way that uses historic statistics as inputs to make informed estimates which can be predictive in determining the course of destiny traits. Businesses utilize forecasting to decide on a way to allocate their budgets or plan for expected expenses for an upcoming time frame.

There are 4 trendy steps in the Human Resource Planning process: identifying the modern supply of personnel, determining the future of the body of workers, balancing between labor supply and demand, and developing plans that help the employer's goals.

Learn more about Forecasting here brainly.com/question/23009258

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7 0
1 year ago
Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t
Karo-lina-s [1.5K]

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

4 0
3 years ago
John earns $5.75 per hour. He worked 40.0 hours last week. What was the amount of his check?
Nataliya [291]
John would have made 230$
5 0
3 years ago
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