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kow [346]
3 years ago
14

Mr. Green contracts with Mr. Brown to repair his roof. Mr. Brown is about 75% done when the deadline of the contract occurs. Whi

ch legal standard would prevent Mr. Brown from being considered to be in breach of his agreement with Mr. Green?
Business
1 answer:
gogolik [260]3 years ago
8 0

Answer:

Substantial performance standard

Explanation:

Substantial performance standard refers to the legal standard in which the good and faith attempt is made so that the requirements of the contract or agreement could be performed

even if is not meet the requirements so we assume that the performance should be completed if its main motive is fulfilled

Therefore in the given case, the substantial performance standard is the correct option that fits to the situation

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​Carey's Department Store had net sales of​ $20 million and cost of goods sold of $17.00 million for the year. The beginning inv
notsponge [240]

Answer:

The​ days' inventory​ outstanding was 107.35 days

Explanation:

The​ days' inventory​ outstanding indicates how many days on average a company turns its inventory into sales. Days' inventory outstanding is calculated by using the following formula:

Days' inventory outstanding = (Average inventory / Cost of goods sold) x 365 days

In there,

Average inventory = (Beginning Inventory for the year + Ending Inventory for the year) /2

In ​Carey's Department Store,

Average inventory = ($4,000,000 + $6,000,000)/2 = $5,000,000

Days' inventory outstanding = ($5,000,000/$17,000,000)x365 = 107.35 days

5 0
3 years ago
A statewide alliance of independent hospitals has formed in order to do group purchasing of medical supplies. Group purchasing a
STatiana [176]

Answer:

The correct answer is c. economies of scale.

Explanation:

The situation in which a company reduces its production expenses by expanding is called economy of scale. It is a situation in which the more it occurs, the cost that the company has to manufacture a product is lower.

There is a greater benefit for every extra unit we produce. This reduction in the cost of unit manufacturing is not reduced because the price of raw materials goes down, but to take advantage of a material that we have already bought and in which we invested money in the past.

Therefore, it occurs especially in situations in which the company buys more facilities. If we buy a machinery, the way to take advantage of it is to produce more since it is the way that we get a greater benefit, by taking advantage of the same machinery to produce more products, the unit cost of each product is lower. And we will get more benefit the more we produce. This benefit will be greater since we will not have to increase manufacturing costs since we have already had it before.

3 0
4 years ago
Absco Enterprises meticulously follows all laws and regulations and attempts to satisfy ethical​ requirements, but it does not g
Mashutka [201]
Resistance...I think :)
4 0
4 years ago
Bloom’s has the following estimates for the upcoming year:
atroni [7]

Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.

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8 0
4 years ago
When production reflects consumer​ preferences, __________ occurs?
anzhelika [568]
<span>When production reflects consumer​ preferences, "a</span>llocative efficiency" occurs.

Allocative efficiency is a condition of the economy in which production shows customer inclinations; specifically, every good or services is delivered up to the point where the last unit gives a marginal advantage to buyers equivalent to the minor cost of production. 
7 0
3 years ago
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