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RSB [31]
3 years ago
7

Parc hired Glaze to remodel and furnish an office suite. Glaze submitted plans that Parc approved. After completing all the nece

ssary construction and painting, Glaze purchased minor accessories that Parc rejected because they did not conform to the plans. Parc refused to allow Glaze to complete the project and refused to pay Glaze any part of the contract price. Glaze sued for the value of the work performed. Which of the following statements is correct?1. Glaze will lose because Glaze breached the contract by not completing performance.2. Glaze will win because Glaze substantially performed and Parc prevented complete performance.3. Glaze will lose because Glaze materially breached the contract by buying the accessories.4. Glaze will win because Parc committed anticipatory breach.
Business
1 answer:
seraphim [82]3 years ago
5 0

Answer:

From the information given about the contract and its execution between the two parties involved( That is, Parc and Glaze), the option 2 is most likely.

2. Glaze will win because Glaze substantially performed and Parc prevented complete performance.

Explanation:

It is stated that Glaze was hired to remodel and furnish an office suite, after a submitted plans by Glaze were approved by Parc. It was further stated that the construction and painting had been done.

Although, with Glaze purchasing minor accessories which Parc rejected because they did not conform to the plans is a breach of contract, but that can be corrected by calling Glaze to order. However, it was Parc that refused to allow Glaze to make necessary corretion and complete the project and also refused to pay Glaze any part of the contract price.

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Wealth creating transactions are more likely to occur a. ​With private property rights b. ​With contract enforcement c. Both a a
Marina86 [1]

Answer: C

Explanation:

Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.

Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.

Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.

8 0
3 years ago
Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,
kifflom [539]

Answer:

$71,000

Explanation:

The computation of operating income is shown below:-

Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000 × $3.80) + ($68,000 × (100% - 30%))

= (43,000 × $3.80) + ($68,000 × 70%)

= $163,400 + $47,600

= $211,000

Loss in Income if part is bought = Total costs if company bought - Total costs originally

= $211,000 - $140,000

= $71,000

Therefore, Making profit will be more by $71,000 and for computing the Loss in Income if part is bought we simply applied the above formula.

8 0
3 years ago
Stutz, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers’ specifications. St
Volgvan

Answer:

$307,300

Explanation:

Total cost of Job 179:

= Direct material for Job 179 + Direct labor cost for Job 179 + Overhead cost for Job 179

= $30,500 + $45,000 + (2,000 × $25)

= $30,500 + $45,000 + $50,000

= $125,500

Total cost of Job 177 and Job 179:

= Total cost of Job 179 + cost of Job 177

= $125,500 + $94,000

= $219,500

Sales revenue for February:

= Total cost of Job 177 and Job 179 × Markup percentage

=  $219,500 + ($219,500 × 40%)

= $219,500 + $87,800

= $307,300

6 0
2 years ago
Which type of insurance covers preventive care and medical treatment?
dezoksy [38]
Health insurance is the answer
6 0
3 years ago
The growth-share matrix defines four types of sbus: __________ are low-growth, high-share businesses or products.
mafiozo [28]

The growth-share matrix defines four types of sbus: Cash cows are low-growth, high-share businesses or products.

Each of the four quadrants represents a particular combination of relative market share, and growth: Low Growth, High Share High Growth, High Share. Stars are high-growth, high –share businesses or products.

They often need heavy investments to finance their zoom. The market rate varies from industry to industry but usually shows a cut-off point of 10% – growth rates more than 10% are considered high, while growth rates below 10% are considered low.

Low market share business is a smaller amount than half the industry leader's share, and successful companies are those whose five-year average return on equity surpasses the industry median.

Growth-share business matrix may be a business tool, which uses relative market share and industry rate of growth factors to guage the potential of business brand portfolio and suggest further investment strategies.

The BCG matrix relies on Industry rate and relative market share. BCG matrix may be a framework created by Boston Consulting Group to guage the strategic position of the business brand portfolio and its potential.

learn more about share business: brainly.com/question/24448358

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8 0
2 years ago
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