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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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Prior to setting pricing options for its products to maximize profit, a company must: a. determine whether it should use horizon
Free_Kalibri [48]

Answer: b. select appropriate corporate-level strategies

Explanation:

Prior to setting pricing options for its products to maximize profit, a company must select appropriate corporate-level strategies.

This is necessary in order to ensure that the strategies aligns with what the organization is willing to do in order to achieve its profit maximization goal.

7 0
3 years ago
What has a company accomplished when it creates a financial statement that projects income and expenditures over a specified fut
Fofino [41]

Answer:

Budgets

Explanation:

Budgets are prepared for a future date and it creates a basic estimate and projection of future income and expenditures.

The income statement is prepared which presents the income and expenditure for a period which has lapsed.

Basically for a period that is past now. When future projections are created based on analysis and expectations then it is called budget.

Budgets reflects the expected performance of the company in the near future, based on the estimate about what the company members can perform.

6 0
2 years ago
Toyota, the giant global automaker, paid a heavy price for its ___________ emphasis on cost control. The resulting problems with
Dafna1 [17]

Answer:

The options for this question are the following:

A. Minimal

B. Superficial

C. Low-budget

D. Excessive

The correct answer is D. Excessive.

Explanation:

In this case, it is useful to consider that cost control is the procedure that allows companies to carry out the regulatory and protection processes against what the client expects to receive. Toyota is a well-known brand, and poor cost management can have an impact on the inflation of its costs and therefore the price of its cars rises considerably. Excessive costs negatively influence the companies' results, and therefore their correct management influences optimal results for the operation.

8 0
2 years ago
Read 2 more answers
Answer the question on the basis of the given supply and demand data for wheat. Bushels Demanded Per Month Price Per Bushel Bush
Flura [38]

Answer:

C. farmers would not be able to sell all their wheat. 

Explanation:

At a price of $4, quantity supplied exceeds quantity demanded. Quantity supplied is 73 while quantity demanded is 50. There is an excess supply over demand. Therefore, farmers would not be able to sell all their wheat.

Equilibrium price is $2. This is where quantity supplied equals quantity demanded.

I hope my answer helps you

6 0
3 years ago
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the 2018 accounting period,
7nadin3 [17]

Answer:

Net cash flow as at the year end=          $22,100

Explanation:

The statement of cash flows for Moore shall be calculated as follows:

Cash balance as at January 1, 2018=     $54,000

Cash inflow from operating activities=  $35,600

Cash outflow from investing activities= ($43,000)

Cash outflow from financing activities= ($24,500)

Net cash flow as at the year end=          $22,100

4 0
3 years ago
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