Answer:
Mitigate her damages.
Explanation:
In this scenario, Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Gordon breaches the contract by failing to get to work, Velma is under a legal obligation to mitigate her damages.
Velma has the legal rights and responsibilities to make sure she does anything humanly possible to reduce or lessen the damages to her property.
She could sue Gordon for not getting to work or failing to start work thereby causing more damage.
Answer:
d. buyback
Explanation:
The scenario that is being described is a form of countertrade known as buyback. There are two reasons why this usually happens. The first is that the manufacturing company has limited access to liquid funds in the country which they are currently located and the goods provide better value. The second circumstance would be that they believe that the product being produced will increase in value and their profits will increase by holding the product as opposed to liquid funds.
Answer:
The gross margin is $24,200
Explanation:
The computation of the gross margin is shown below:
As we know that
Gross margin is
= Sales - cost of goods sold
= $57,000 - $32,800
= $24,200
We simply deduct the cost of goods sold from the sales so that the gross margin could come
hence, the gross margin is $24,200
We simply applied the above formula
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.
<h3>What is an equilibrium in supply and demand?</h3>
This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.
Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.
Therefore, the Option C is correct.
Read more about equilibrium
<em>brainly.com/question/24735820</em>
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