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kompoz [17]
3 years ago
12

Bob enters into a contract with jim and jen to build their new custom dream home in florida, and they agree on a price. before c

onstruction begins, a hurricane hits the florida coast, causing lumber to become scarce. bob is able to obtain lumber from texas at twice the itemized cost in the contract, and jim and jen agree to pay the difference. midway through construction, jim and jen change their minds and do not want to pay for the increased costs. the court will likely find the agreement is
Business
1 answer:
Damm [24]3 years ago
4 0
The court will likely find the agreement as a breach of contract. It is because one of the party decided to take back the agreement where they start to opposed, creating a breach of contract where one party does not follow what it says. Jim and Jen were the party that decided to disagree to the contract where they first agreed on with Bob.
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Describe an example of your leadership experience in which you have positively influenced others, helped resolve disputes or con
just olya [345]

An example of a leadership experience where I positively influenced others was when I inspired my friends to have better grades.

Leadership simply means the ability of an individual to be able to guide and motivate the members of an organization. A good leader brings out the best in others.

An example of a leadership experience where I positively influenced others was when I inspired my friends to have better grades.

My friends were having trouble with Mathematics. They always complained that it was tough. I told them that they should believe in themselves. I motivated them and they achieved higher grades.

Read related link on:

brainly.com/question/25773902

6 0
2 years ago
Assume a contract exists between Mr. Jones, a college professor, and his student, Mr. Smith. Jones provides a syllabus, instruct
Dmitrij [34]

Answer:

evidence that the negligent act is the proximate cause of the loss.

Explanation:

According to my research on different contract requirements, I can say that based on the information provided within the question the element that is absent is the evidence that the negligent act is the proximate cause of the loss. This is because there is no proof within the statement that indicates that "Smith Failing the class" is because Jones did not fulfill his part of the contract.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Wang co. manufactures and sells a single product that sells for $420 per unit; variable costs are $231 per unit. annual fixed co
Anon25 [30]

The contribution margin per unit is 4809.52.

<h3>What is the contribution margin?</h3>

Contribution margin is the level of output at which revenue would equal zero.

Contribution margin = fixed cost / (price - variable cost)  

909,000 / (420 - 231)

909,000 / 189 = 4809.52

To learn more about contribution margin, please check: brainly.com/question/14902120

#SPJ1

4 0
2 years ago
Accrued sales salaries amount to $1,700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandi
Korolek [52]

Answer:

The answers are given below;

Explanation:

a. Adjusting Entries

  Salaries Expense   Dr.$1,700

   Salaries Payable   Cr.$1,700

 Selling Expenses               Dr.$3,000

 Prepaid Selling Expenses Cr.$3,000

Inventory                    Dr.$28,700  

Cost of Goods Sold   Cr.$28,700

b.    Income summary Account (1,700+3,000+28,700)      Dr.$33,400

       Salaries Expense      Cr.$1,700

       Selling Expense        Cr.$3,000

       Cost of Goods Sold  Cr.$28,700

Capital    Dr.$33,400

Income Summary Account   Cr.$33,400

 

4 0
3 years ago
Read 2 more answers
On January 1, Wei company begins the accounting period with a $35,000 credit balance in Allowance for Doubtful Accounts. On Febr
Genrish500 [490]

Answer:

Wei Company

Journal Entry:

Debit Allowance for Doubtful Accounts $7,800

Credit Accounts Receivable $7,800

To write-off accounts determined to be uncollectible.

Explanation:

a) Data and Calculations:

Allowance for Doubtful Accounts (Balance) = $35,000

Uncollectible accounts:

Oakley Co. $1,400

Brookes Co. $6,400

Total = $7,800

b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable.  This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.

7 0
3 years ago
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