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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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Managing Organization
pishuonlain [190]

Answer:

Answer explained below

Explanation:

In determining the next big market to expand, the firm should do an analysis of the strengths and weaknesses of the company and also should try to understand the opportunities and threats that the external world would present to the company. This can be accomplished by using a SWOT analysis and by aligning the strengths with the opportunities, the firm can zero down on the potential opportunities.

Next the firm can also do an analysis of the internal culture of the firm and also do a PESTLE analysis of the potential markets so that a mapping of the political, economic, technological and cultural factors can be done and it can studied which market is the closest to the current market across dimensions. Once the closest target market is identified, it can then decide to expand into that market.

As per the analysis, it would be beneficial for the firm to expand into a market where the spending power of the consumer is similar to US and there is a certain degree of cultural similarity. So such a candidate market could be United Kingdom.

The process followed for determining the potential market is:-

1) Determining internal strengths and weakness.

2) Access external market opportunities and threats

3) Determination of potential markets.

4) Undertaking a PESTLE analysis and determining the most suitable market by choosing the market which is most similar in all dimensions to the current market.

The risks of the plan is that there could be unforeseen events or disruption which may make the choice unviable or incorrect. Moreover it is slow and exhaustive process, so go to market may be slow.

The advantages are that all pros and cons are evaluated and so chances of success and risk mitigation is high.

7 0
3 years ago
an 18-month loan with an interest charge of $782.00 is paid off with 5 months remaining. the finance charge refund is​
Marina86 [1]

Hello there!

Answer:

$182.00

Explanation:

In order to solve this, we would need to use the mark up equation:

x^m=y

x = total mark up

m = the amount of months

y = interest paid

Your equations should look like this:

x^18 = 782.

Now we solve.

x = 1.447^( 1/18) = 1.0208 (this would be the rate per month)

1.0206^13 = 1.303 (this would be the rate for 13 months, since he has 5 months remaining)

782/1.303 = 600

782 - 600 = 182.00

After solving, you would have $182.00 of financed refunded.

3 0
3 years ago
Simon's most recent income statement is given below. Sales (8,000 units) $160,000 Less variable expenses (68,000) Contribution m
AfilCa [17]

Answer:

a. $11.50

b. $136,000

c. $50,000

d. $230

Explanation:

Contribution = sales - variable costs

Fixed costs do not vary with level of sales or production.

4 0
2 years ago
The financial statement that reports whether the business earned a profit and also lists the revenues and expenses is called the
enyata [817]

The financial statement that reports whether the business earned a profit and also lists the revenues and expenses is called the Income Statement.

Financial Statements basically are written records that tell the financial position of a company over a particular time period. Financial Statements are audited by Government agencies or accountants. Income statements mainly focus on the company's revenues and expenses during a certain time period.

When the expenses are subtracted from the revenue, the statement produces a company's profit which is called net profit. The income Statement covers a range of time, which is a year for annual financial statements and a quarter for quarterly financial statements.

Income statements provide an overview of net income, expenses incurred, revenue, and earnings per share. The income Statement is also referred as a profit and loss statement. Therefore the income statement tells the profit, revenue and expenses.

You can learn more about income statement at

brainly.com/question/15169974

#SPJ4

6 0
1 year ago
Jeremy Osteryoung is buying life insurance for a period of 20 years. It will pay a benefit to his beneficiaries only if he dies
Sonja [21]

Answer:

Term insurance.

Explanation:

Term insurance is intended to provide coverage to the insured for a certain period. Death benefit is paid only if the insured dies during the policy tenure; else noting is paid.

The main purpose of taking such life insurance is to provide life cover to the policyholder.

6 0
3 years ago
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