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3 years ago

What is breach of contract?

Business

2 answers:

Gwar [14]3 years ago

7 0

Answer:

an act of breaking the terms set out in a contract.

LiRa [457]3 years ago

6 0

When you break your contract.

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Question #1

Allisa [31]

Answer:

Oligopoly.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.

5 0

2 years ago

Two teachers purchased art supplies for their classes. One paid $103.45 for eight large boxes of crayons. The other teacher purc

alexdok [17]

Answer:

The answer is c. price

Explanation:

Discount pricing is a type of pricing strategy where you offer customers a discount when they buy in bulk . The goal of a discount pricing strategy is to increase customer traffic, clear old inventory from your business, and increase sales.

3 0

3 years ago

a. If Canace Company, with a break-even point at $960,000 of sales, has actual sales of $1,200,000, what is the margin of safety

lutik1710 [3]

Answer:

Results are below.

Explanation:

Giving the following information:

Break-even point in sales= $960,000

Actual sales= $1,200,000

<u>To calculate the margin of safety in dollars and as a percentage, we need to use the following formulas:</u>

Margin of safety= (current sales level - break-even point)

Margin of safety= (1,200,000 - 960,000)

Margin of safety= $240,000

Margin of safety ratio= (current sales level - break-even

point)/current sales level

Margin of safety ratio= 240,000 / 1,200,000

Margin of safety ratio= 0.2 = 20%

8 0

2 years ago

An increase in net exports causes GDP to increase. causes an increase in imports of the same size. can cause GDP to either incre

Delicious77 [7]

Answer:

GDP to increase

Explanation:

Gross domestic product (GDP) refers to the total value of goods and services produced within the boundaries of a nation. Its component are consumption, investment, government expenditure and net exports.

GDP = Y = Consumption + Investment + Government expenditure + Net exports

Net exports refers to the difference of total value of exports and total value of imports.

Net exports = Exports - Imports

Therefore, if there is an increase in the net exports then as a result the GDP of a nation increases.

3 0

3 years ago

Mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. because of this, mountaineer pu

nordsb [41]

Answer:

1. Recore the purchase of insurance in advance on March,1.

Debit Prepaid Insurance $36,000

Credit Cash $36,000

2. Record the adjusting entry on December, 31.

Debit Insurance Expense $30,000

Credits Prepaid Insurance $30,000

Explanation:

Mountaineer excavation purchases one year of flood insurance in advance on March 1, paying $36,000 ($3,000/month). The company records the insurance as the prepaid Insurance:

Debit Prepaid Insurance $36,000

Credit Cash $36,000

On December, 31, the last day of the following 10 months, the company records an adjusting entry that Credits Prepaid Insurance for $30,000 ($3,000/month times the 10 months) and Debits Insurance Expense for $30,000

Debit Insurance Expense $30,000

Credits Prepaid Insurance $30,000

5 0

3 years ago