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ella [17]
3 years ago
11

John contracts with Kelly to buy a certain number of cattle for Kelly’s Circle K ranch. John makes a deal with Lawson, the owner

of a local herd, and makes a down payment. Kelly fails to pay the rest of the price. Lawson sues John for breach of contract. John’s right to hold Kelly liable for any damages that he has to pay is the right of ____(A) indemnification.(B) compensation.(C) ​cooperation.(D) ​reimbursement.
Business
1 answer:
ivann1987 [24]3 years ago
7 0

Answer:

The answer is A, "Indemnification".

Explanation:

Indemnification is the right that people have in a contract in the case of one of the parties fails with their obligations. It pays for actions caused by negligence in some cases, it also is agreed in order to protect one of the parts of the contract for financial loss or any other damages caused.

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The time frame associated with a balance sheet is:
MAXImum [283]

Answer:

The answer is: A) a point in time in the past

Explanation:

A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.

It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.

The basic formula used in a balance sheet is:

                  Assets          =          Liabilities    +     Shareholders´ Equity

6 0
3 years ago
Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s
Ber [7]

The answer to the blank space is discriminative stimuli.

A discriminative stimulus means that this thing differs from the others – and thus the person who perceives it will be more likely to be attracted to it. Buy one get one deals are essentially this type of stimulus since people are more likely to gravitate to it than other deals because they believe they will get a better deal by choosing to purchase the item.

8 0
3 years ago
The U.S. stock market has returned an average of about 9% per year since 1900. This return works out to a real return (i.e., adj
taurus [48]

Answer:

Final value= $242,726.24

Explanation:

Giving the following information:

The U.S. stock market has returned an average of about 9% per year since 1900.

This return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year.

If you invest $100,000 and you earn 6% a year on it for 30 years.

We know inflation is 3% (average), so our real interest rate is approximately 3%.

We need the final value formula:

FV= PV*(1+i)^n

FV= 100000*(1.03)^30= $242,726.24

3 0
3 years ago
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 ea
nordsb [41]

Answer:

Journal entry to record sale of toasters and warranty

Dr Cash 36,000

    Cr Sales revenue 36,000

Dr Warranty expense 2,400

    Cr Warranty liability 2,400

Adjusting entry for actual warranty expense

Dr Warranty liability 500

    Cr Cash 500

Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.

7 0
3 years ago
The graph shows unemployment rates in the United States in recent years.
S_A_V [24]

The correct answer is C. The United States suffered an economic downturn starting in 2009.

Explanation:

The graph shows the percentage of unemployment in the U.S. from 2006 to 2012. In this, you can see the unemployment rate was between 4% and 5% during 2006, 2007 and 2008; however, after this year the rate suddenly increased. Indeed in 2009, the rate was 6% and in 2010 it was 10%, which is evidently higher than in previous years. This situation suggests there was an economic recession or downturn that began in 2009 and continued during the following years, this explains why the number of unemployed people increased as an economical recession usually leads to fewer jobs. Thus, the most accurate statement is "The United States suffered an economic downturn starting in 2009".

6 0
3 years ago
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