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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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SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250.

alexandr1967 [171]

Answer:

Current ratio = 1.37 times

Quick Ratio = 1.15 times

Explanation:

The current ratio and quick ratios both are measures to assess the liquidity position of businesses. These are useful indicators of how well the business is equipped to meet its current obligations using its liquid assets.

To calculate these ratios, we must first determine the value of current assets. We are given the value of net working capital. The net working capital is the difference between the current assets and the current liabilities.

Net Working capital = Current assets - Current Liabilities

2060 = Current Assets - 5550

2060 + 5550 = Current Assets

Current assets = $7610

Requirement 1.

The current ratio is calculated as follows,

Current Ratio = Current Assets / Current Liabilities

Current ratio = 7610 / 5550

Current Ratio = 1.3711 rounded off to 1.37 times

Requirement 2.

The quick ratio is calculated as follows,

Quick Ratio = (Current Assets - Inventories) / Current Liabilities

Quick Ratio = (7610 - 1250) / 5550

Quick Ratio = 1.1459 rounded off to 1.15 times

6 0

3 years ago

In a traditional economy, which group is most responsible for producing the goods people in society need?

romanna [79]

Answer:

B. Family members

Explanation:

A traditional economy is based upon the customs, beliefs, and history of the community. Age-old traditions and beliefs guide economic decisions of production and distribution. The traditional economy is motivated by the social well being of its members and not by profits.

The main economic activities under the traditional economy revolves are subsistence farming, fishing, and hunting. These activities are carried out in family settings. In other words, family members provide labor for economic activities.

6 0

3 years ago

Read 2 more answers

Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de

olasank [31]

Answer:

Thee jounal entry for January 1 of Messing Company is done below.

Explanation:

3.5% * 4000 = 140

Date Account Titles Dr Cr

Jan 1 Cash $3,860

Credit Card Expense 140

Sales Revenue 4,000

4 0

3 years ago

True or false: the term economic investment includes purchasing stocks, bonds, and real estate.

Lapatulllka [165]

False because it doesnt invest the stocks

6 0

3 years ago

Brooks Corporation has a Food Services department that provides food for employees in all other departments of the company. For

blsea [12.9K]

Answer:

the amount that should be charged for the other department is $60,000

Explanation:

The computation of the amount that should be charged for the other department is shown below:

= Variable cost per meal × number of meals

= $4 × 15,000 meals

= $60,000

hence, the amount that should be charged for the other department is $60,000

So the same would be relevant

6 0

3 years ago