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Nutka1998 [239]
3 years ago
11

Sheila contracted her friend Susan to paint her house for $3,000. Sheila did this as a favor to Susan as Susan was unemployed. B

efore she could finish the job, however, Susan got a job at a marketing company, which meant that she could not complete her contract. As Susan is her friend, Sheila decided not to enforce the contract, and she let Susan keep the $1,000. This scenario is an example of a(n) ______.
Business
1 answer:
Ne4ueva [31]3 years ago
6 0

Answer:

Sheila letting Susan keep $1,000 without holding her liable for not completing the job is an example of a WAIVER.

Explanation:

A waiver is a legal intention or demonstration of a party in a contract to voluntarily relinquish their rights or claims in a contract. This is done without holding the other party (especially when they default in meeting the terms of the contract) liable for damages.

The party that voluntarily relinquishes their rights will usually not pursue any legal action against the defaulting party.

Therefore the scenario above is an example of a waiver, since Sheila has decided not to enforce the contract and has also allowed Susan keep part of the money.

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A proposed project has fixed costs of $47,000 per year. The operating cash flow at 11,000 units is $69,000. a. Ignoring the effe
Mademuasel [1]

Answer: 1.68

Explanation:

From the question, we are informed that a proposed project has fixed costs of $47,000 per year and that the operating cash flow at 11,000 units is $69,000.

Ignoring the effect of taxes, the degree of operating leverage will be:

= 1 + ($47,000/$69,000)

= 1 + 0.68

= 1.68

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3 years ago
When a pharmaceutical company introduces a new drug, its research and development costs are ______, and the cost of the chemical
Illusion [34]

Answer:

Start-up cost; variable cost

Explanation:

Start-up cost is the cost incurred in developing a new product. It is a one time cost that is incurred only at the time of creating something new. Start-up cost includes borrowing cost, research and development cost and expenses incurred on technology.

Variable costs change with the change in units of output produced. Cost of chemicals depend on the amount of drugs produced. So, research and development cost is start-up cost and cost of chemical is variable cost.

3 0
3 years ago
The dollar value of all goods and services produced annually in the united states is called _____________
Setler79 [48]
The gross domestic product is answer
5 0
3 years ago
BBB Company has been a successful manufacturer of quality electronics products for the past 20 years. It is a publicly traded co
OverLord2011 [107]

Answer:

Answer 1.

Beneath referenced pointers show that organization arranged the liquidation for recent years or something like that.  

  • The way that there had been no interest in R&D for recent years which more likely than not brought about noteworthy cost putting something aside for the organization.  
  • BBB bought expanded size of stock on layaway from providers in recent years which is a warning.  
  • Indeed, even without bringing about any R&D cost for recent years, CFO of BBB moved toward the bank to expand the credit line of the organization and utilized all credit line without legitimate desk work.  
  • CFO erroneously guaranteed the brokers about new product offering so as to look for advances/increment credit line.  
  • Indeed, even with diminished deals, organization was indicating lower supply of stock. They more likely than not been offering the stock at cost to outsider or shrouded it at an undisclosed area to dupe the providers.  
  • With no interest in R&D and declining business possibilities, organization couldn't have given new offers for subsidizing  

Answer 2.

Yes, even if it is a fraudulent filing for bankruptcy, BBB organization despite everything can select to petition for financial protection or BBB can close the business through and through and escape with the reserve funds and continues from the offer of the stock. Indeed, even leasers and providers reserve the option to petition for automatic insolvency against the BBB in the event that BBB doesn't seek financial protection.  

It thoroughly relies upon the BBB Company, in the event that it selects to declare financial insolvency under section 7, or 11 of the liquidation code. Be that as it may, it is just under section 11 liquidation procedures of the chapter 11 court it very well may be set up that BBB's aim and untrustworthy strategic policies establishes to insolvency misrepresentation.

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The correct answer will be A
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