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tensa zangetsu [6.8K]
3 years ago
10

Suppose that Dr. Reilly owns a medical clinic and enters into a contract to buy some tablets of Gensol from Pharzime. Since Dr.

Reilly does not know how many tablets he will need, that contract states that Pharzime will supply the clinic with "as many tablets as it needs." Which of the following is true about the contract?
A. This is a requirements contract.B. This is an output contract.C. This contract would be void since it does not have a specific quantity term.D. Both b. and c.
Business
1 answer:
lutik1710 [3]3 years ago
8 0

Answer:Option (A)

Explanation:

From the given case we can state that the mentioned contract is a requirement contract. Requirements contract is referred to as or known as  a contract under which one individual or party tends to agrees to supply a good, commodity or service as required by other individual or party, and thus in exchange the individual implicitly or expressly promises to obtain the commodity and services .

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A market-sharing pact negotiated by trading partners that results in voluntary quotas applied to exports in order to protect the
Gnesinka [82]

The market-sharing pact or agreement negotiated by trading partners that give rise to voluntary quotas of exports aimed at protecting the importing country's domestic firms is called a <u>voluntary export restraint (VER)</u>.

<h3>What is voluntary export restraint (VER)?</h3>

Voluntary export restraints (VER) are export arrangements between exporting and importing countries so that the exporter agrees to limit the number of some exports.

VER allows the importing country's domestic firms to survive export dumping.  It is the opposite of voluntary import expansions (VIE).  VIE, which is a part of international trade agreements, allows for more imports by lowering tariffs or dropping quotas.

Thus, the market-sharing pact negotiated by trading partners allowing for voluntary quotas on exports is called <u>voluntary export restraint (VER)</u>.

Learn more about international trade agreements at brainly.com/question/1465144

6 0
2 years ago
On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1
UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation:                                      Second year depreciation:

= 1,250 * 8                                                                  = 2,755 * 8

= $10,000                                                                   = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date                    Account Title                                    Debit                 Credit

June 30, Year 1 Depreciation                                     $10,000

                          Accumulated Depreciation                                       $10,000

Date                       Account Title                                   Debit                 Credit

June 30, Year 2     Depreciation                                 $22,040

                              Accumulated Depreciation                                  $22,040

Date                       Account Title                                   Debit                 Credit

June 30, Year 3     Depreciation                                 $9,800

                              Accumulated Depreciation                                  $9,800

4 0
2 years ago
Increased flexibility in scheduling has become an important benefit for employers to offer because of:
Katyanochek1 [597]

Increased flexibility in scheduling serves as important benefit for employers to offer because of:

1)the increase in single parent homes

2)the increase in two-income families

  • Scheduling  serves as a process of arranging as well as  controlling and optimizing work when  carrying out a production process.

  • It is important for employers to have Increased flexibility in scheduling because of the rise in single parent home.

Learn more at:

brainly.com/question/9917659?referrer=searchResults

4 0
2 years ago
firm purchased copper pipes a few years ago at ​$10 per pipe and stored​ them, using them only as the need arises. The firm coul
Lostsunrise [7]

Answer:

The opportunity cost of each pipe and what is the sunk​ cost is $77 and $67 per pipe respectively.

Explanation:

Opportunity cost: The opportunity cost is that cost which is incurred to choose the best options with the available options.

Sunk cost: The sunk cost is that cost which is not recovered in the future. Its other name is the past cost. It does not help to make future decisions as if it is incurred then it cannot be recovered again

So, the opportunity would be the current price i.e $77

And, the sunk cost is $67 per pipe ($77 - $10)

7 0
2 years ago
Comparison of product features is part of the ____ phase of the decision-making process
slava [35]
The evaluating alternatives part of the decision-making process!
7 0
2 years ago
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