Answer:
The correct answer is option b.
Explanation:
Here, when the Juice smoothies does not pay Issac, the selling of fruits is an example of mitigation of damages.
Mitigation of damages can be referred as a contract law under which a victim of breach of law can take actions in order to minimize damages. It means to take any reasonable opportunity possible under the given circumstances to minimize or reduce damages. Though taking extreme actions is not required.
Answer:
Procedural Group Norm.
Explanation:
The group norms are a set of guidelines that enables the group work according to them. These norms enables a group to work in a systemmaized manner and order.
The procedural group norms are those groups that follows the procedure of functioning. The procedural norms suggests that how a task will be carried out and what to do the next. This group consists of several procedural roles such as facilitator, recorder, etc.
The stated type of group exemplifies the 'procedural group norms.' As the guidelines are set for the group to first complete their individual tasks and then help other's who have not done their tasks.
So, the correct answer is the second option.
Answer:
Future value of total improvement cost = $1,788,552.44
Explanation:
As per the data given in the question,
Regular deposit amount = $250,000
No. of period = 5 years
Interest rate = 18%
Future value = Regular deposit amount × [((1+interest rate per period)^no. of period - 1) ÷ interest rate per period]
Face value = $250,000×[((1+0.18)^5-1) ÷ 0.18]
= $250,000×7.154
= $1,788,552.44
Future value of total improvement cost = $1,788,552.44
Answer:
Favorable for price and unfavorable for usage.
Explanation:
Provided Information,
Standard Material = 2.2 pounds per unit
Standard cost = $2 per pound
Actual Quantity = 2.3 pounds per unit
Actual cost = $1.95 per pound
In Material Price variance we have = (Standard Price - Actual Price) 
Actual Quantity
Since Standard Price $2 is more than actual price = $1.95 the variance is favorable.
In material quantity variance we have = (Standard Quantity - Actual Quantity) Standard Rate
Since actual quantity used = 2.3 pounds is more than standard 2.2 pounds the variance will be unfavorable
Therefore, Price Variance = Favorable, and Quantity Variance = Unfavorable.
