Answer:
B) No, because she can get similar hammers elsewhere.
Explanation:
When someone sues for specific performance he/she is asking the court to order the defendant to complete performance the contract. They are not suing to recover any damages that may have resulted from the breaching of the contract.
In this case, Nicole would have probably been able to sue Tyler for some type of compensatory damages, but since the hammers are such a common good, it would be very difficult for her to obtain an specific performance order.
Answer:
D) The normal balance of an expense account is a credit.
Explanation:
We know that
The debit sections report assets and expenses side while sales, stockholder equity, and the liability side are reported in the credit section.
So as per the given options, the incorrect answer is D as expense account has a debit balance but the question it is given that the expense account has a credit balance that is totally wrong.
Answer:
It would need to charge at least 66,960 to break even.
But it should offer his normal fee
Explanation:
Sales revenue 736,000
Cost Labor (466,000)
Lease (49,300)
Rent (42,400)
Supplies (32,300)
Tom salary <u> (73,500) </u>
Operating profit 50,500
increase in labor cost 58,800
increase in lease 4,930
supplies increase 3,230
the rent is a fixed cost, it would not change.
Total incremental cost: 66,960
It would need to charge at least 66,960 to break even.
Anyway, Tom should offer their normal fee as this job takes responsabilities and use Tom capacity to attend other client as it would invest time on this store rather than other projects
Answer:
It depends upon the economical situation. For example if we talk about USA, the labour here costs more than China, whereas in USA machines are less costly than China which means USA can only benefit globally if its products have lower cost from China (China is the biggest competitor of USA) by using fewer labour and relying more on machines.
Answer:
d. extra shipping cost may be incurred.
Explanation:
Stockout means that a production company has no inventories to produce goods, which is a bad thing that can happen to a company. It means that production has stopped and customers cannot be supplied with order they have made.
There are several effects of stock out on a business, one of which is extra shipping cost may be incurred. A customer that is not ready to wait for his or her order to be met may have the item backorder expecially If the order was part of a larger delivery, then there would be backorder which will require special transportation.
Customers may also cancel his or her order and such customer is lost forever. This customer may also inform other customers thereby spreading bad news about the company which may reduce further sales of the company in the future.
When a company losses a customer as a result of stock out, or is no longer placing an order, a cost(cost of finding a customer a customer to replace the order which would have been purchased) is associated with that which will be borne by the vendor or the company.
