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iogann1982 [59]
3 years ago
12

ToughBuilders Corp., a construction company, finishes the construction of a house two days after the contract called for its com

pletion. The delay was caused solely due to low productivity. In this scenario, the level of performance of Tough Builders Corp. is recognized as ______.
Business
1 answer:
Helga [31]3 years ago
3 0

Answer:

In this scenario, the level of performance of Tough Builders Corp. is recognized as substantial performance.

Explanation:

"This doctrine is used to evaluate the performance in a contract. In order for a party to use this as an argument in a legal dispute, he must prove that he met the standard of substantial performance. If there is a material breach by either party, then substantial performance is not met. The fulfillment of one’s obligations can be met if there is only a slight difference in the exact terms and provisions that are identified in the contract. The test that is used to determine substantial performance is whether the difference or omission in the performance can be compensated for."

Reference: UpCounsel. “Substantial Performance: Everything You Need to Know.” UpCounsel, 2019

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After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $11,500 price, but financing
aksik [14]

Explanation:

I = Prt

I = (10000)(.11)(4) = $4400

Total Cost = Down Payment + Principal Borrowed + Interest

Total Cost = 2000 + 8000 + 4400

= $14,400

Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = (10,000 + 4400) / 48

= $300

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 4400) / [10,000 × (48+1)]

= 21.55%

3 0
3 years ago
Characteristics of just-in-time partnerships do NOT include: long-term contracts. removal of in-transit inventory. large lot siz
otez555 [7]

Answer: large lot sizes to save on setup costs and to gain quantity discounts.

Explanation:

Just in time is the kind of system where your material or component arrives just when you require them and does not take up time. This is helpful in saving storage cost. Just in time however, does not include large lot sizes to save on setup costs and to gain quantity discounts.

8 0
3 years ago
Camrio Consultants conducted a meeting to make a decision about continuing a business contract with a client. The manager presid
goldenfox [79]

Answer:

A learning and effectiveness paradigm is not in place

Explanation:

Managers are more likely to employ people of like manners that will always follow the dame line of thought with them , an act that is not seen as a good practice as diversity of human resources can always bring out the best practice.

One of the tools of managing diversity towards achieving plurality  in organisation is a learning and effectiveness paradigm.

It is a tool used in integrating diverse personality , beliefs and attitudes in an organization.

7 0
3 years ago
Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided. Terms:A. P
lara [203]

Answer:

Explanation:

1. Prepaid Expenses: In this transaction, the collection is made in advance so it will be come under prepaid expenses

2. Prepaid Expenses: In this transaction, the office supplies are used in the next period, so it will be treated as prepaid expenses

3. Accrued revenues: The subscription revenue is already earned, so it will be treated as a accrued revenues

4. Accrued revenues: The rent is earned but not collected, so it will be treated as a accrued revenues

5. Accrued Expenses: As the expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

6. Accrued Revenues:  As the revenue is earned but not yet collected or recorded so, it will be treated as an accrued revenues

7. Accrued Expenses: As the interest expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

8 0
2 years ago
Astrid currently consumes only milk and honey. She drinks four quarts of milk priced at $3 per quart and gets 30 utils for the l
asambeis [7]

Answer:

Yes, the Astrid maximizing her utility

Explanation:

Given that

Utils for the last quart = 30

Per quart = $3

Honey price = $0.75

Utils of Last jar = 7.5

The calculation of maximum utility is given below:-

Per dollar utility gained by milk

= 30 ÷ 3

= 10 utils

Milk utility for $0.75

= 30 ÷ 3 × $0.75

= 7.5 utils

Therefore from the last quart the utility was same and the dollars was spent in last jar. So, Astrid can maximizing her utility.

4 0
3 years ago
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