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NeX [460]
3 years ago
5

You have agreed to paint your neighbor's house a lovely shade of chartreuse for $1500 and discover much to your dismay that the

house has a second floor. Now you're faced with the prospect of buying a ladder or scaffolding or a really long handled brush, not to mention the 15 more gallons of paint that will be needed to cover. You won't get another penny for what will surely be increased efforts since your neighbor transferred risk with a(n):
Cost-plus contract.
Contingency reserve.
Inflation clause.
Fixed price contract.
Business
1 answer:
Maslowich3 years ago
4 0

Answer:

fixed price contract

Explanation:

Based on the information provided within the question it can be said that the neighbor most likely transferred risk with a fixed price contract. This refers to a contract that whose price is fixed at a set amount which does not depend on resources or time spent to complete the contract. Therefore it does not matter how much time or money the painter has to spend on tools, he must complete by the terms of the contract for the $1500 that were agreed upon.

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Lesson 7-1 single payment loans
kondaur [170]

Explanation:

The whole principal plus any debt shall be paid by a single payment lender on the same day the lender expires. Instead of multiple instalments, individual interest loans concurrently calculate the full rate.

When should a single payment loan be considered?

If your loan amount of money is high, if you choose a single payment, you will pay a lower interest.

You might, for example, save $12,000 and try to spend $10,000 on shopping like a holiday or a bell. You don't want to deplete your savings because you have a single credit for payment. This can save more money in the future you will pay $10,000 for the loan without dropping the bank account.

3 0
3 years ago
Argue why a product launch that exceeded expectations may actually be a negative result.
STALIN [3.7K]
About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.
4 0
2 years ago
A glass company making windows for houses also makes windows for other things (cars, boats, planes, etc.). We would expect its s
Kryger [21]

Answer:

C) Relatively more elastic than those of firms which only make house windows

Explanation:

The supply curve for this company will be more elastic than the supply curves of its competition because it can decide to produce either house windows or other types of windows depending on which product generates the largest profit. For example, if the price of car windows increases, then the company's supply of car windows will increase.

6 0
3 years ago
He kelly family and the stewart family each used their sprinklers last summer. the water output rate for the kelly family's spri
tigry1 [53]
This problem is actually under the subject of Mathematics, particularly, Algebra. For work problems, you can use a convenient technique of dimensional analysis. This is done by multiplying units of measurement, then cancelling out like terms in order to come up with the units of the final answer. For this problem, the total amount of liters is 2,100. So, the equation would be

Volume of Kelly's family + Volume of Stewart's family = 2,100

However, we are only given the rates for each family in liters per hour. To come up with the final answer with a unit of measurement in Liters, we must multiple the rate of L/hour with the individual time. Let x be the time Kelly's sprinkler was used, and y for Stewart's family.

(20 L/h)(x hours) + (40 L/h)(y hours) = 2,100

This is the first equation. The second equation is the total time. 

x + y = 65 hours

Rearranging the equation, y = 65 - x. Let's substitute this to the first equation.

20x + 40(65-x) = 2,100

Solving for x, then substituting it to the second equation to obtain y,

x = 25 hours
25 + y = 65
y = 40 hours.

Thus, Kelly's sprinkler was used for 25 hours, while Stewart's sprinkler was used for 40 hours.
8 0
3 years ago
A net worth statement will be useful when you apply for a loan or credit.<br><br> True or false
DochEvi [55]
False should be the answer
7 0
3 years ago
Read 2 more answers
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