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Rzqust [24]
4 years ago
15

A brick mason was hired by a builder under a written one-year contract, at an annual salary of $45,000, with employment to begin

on March 1. Because the builder was unable to secure enough building contracts to keep all its employees busy during the season beginning March 1, it notified the brick mason on February 15 that it could not afford to employ him as a mason. At the same time, however, the builder offered to employ the mason, for the same contract period, as a night guard at an annual salary of $25,000. The mason declined the offer and remained unemployed during the year. No employment for brick masons was available in the community during the year, but the mason could have obtained other employment as a day laborer that would have paid up to $25,000 a year. At the end of the year, in an action against the builder for breach of contract, how much, if anything, is the mason entitled to recover?
Business
2 answers:
nirvana33 [79]4 years ago
8 0

Because he had a contract with the builder, the mason would be able to get the original contract price of $45,000.

NNADVOKAT [17]4 years ago
8 0

Answer:

$45,000

Explanation:

Mason is entitled to earn $45,000 at the end of the year in an action against the builder for breach of contract. This is because, Mason had a contract with the builder, meaning he had a better chance. Therefore, he was able to get the original price of $45,000, with employment beginning on March 1.

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Intellectual ___________ is intangible creative work that is embodied in physical form and includes copyrights, trademarks, and
Reika [66]

Answer:

The correct answer is property.

Explanation:

Intellectual property, unlike physical property, is intangible creative work. It refers to the creation of the human mind and intellect. It includes artistic and literary works, inventions and innovations.

There are many types of intellectual property. The main types are

  1. Copyrights
  2. Trademarks
  3. Patents
  4. Trade secrets

The intangible nature of these properties makes it difficult to manage as compared to physical property.

6 0
4 years ago
Which of the following describes a situation in which there would be
WINSTONCH [101]

Answer:

D. Ordering a second dessert when you're already full.

Explanation:

Marginal utility is an economic term that refers to the additional satisfaction derived from the consumption of an extra good or service.  Decreasing marginal utility is a concept the explains how satisfaction declines with the continuous consumption of a good or service beyond the optimal point. The law of diminishing or decreasing marginal utility observes that satisfactions increases at an increasing rate up to the optimal point. After the peak, satisfaction will ease and eventually turn negative.

Ordering for a second dessert when full does not result in any satisfaction. The individual needs are already met. The second dessert will not bring as much joy or enthusiasm as the first one.

8 0
3 years ago
Read 2 more answers
Financial managers often shift temporary funds from checking accounts to _____ securities to earn higher interest returns. Group
malfutka [58]

Financial managers often shift temporary funds from checking accounts to <u>marketable</u> securities to earn higher interest returns. Group of answer choices operational strategic administrative marketable commercial.

Security, in a financial context, is a certificate or other financial instrument that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks, and debt securities, such as bonds and debentures.

Stocks, bonds, preferred shares, and ETFs are among the most common examples of marketable securities. Money market instruments, futures, options, and hedge fund investments can also be marketable securities.

Securities can be broadly categorized into debt securities (e.g., banknotes, bonds, and debentures) equity securities (e.g., common stocks) derivatives (e.g., forwards, futures, options, and swaps).

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7 0
2 years ago
The next dividend payment by ZYX, Inc., will be $2.95 per share. The dividends are anticipated to maintain a 4 percent growth ra
Alona [7]

Answer:

9.09%

Explanation:

The required return of  ZYX, Inc shall be determined using the following mentioned formula:

r=[d(1+g)/MV]+g

In the given question

r=required rate of return of ZYX, Inc=?

d(1+g)=next dividend payment to be made by the ZYX, Inc=$2.95

MV=current selling price of share=$58

g=growth rate of dividend=4%

r=required rate of return=[$2.95/$58]+4%

r=required rate of return=9.09%

6 0
3 years ago
Myers and Company sold $1,800 of merchandise on account to Oscar, Inc. on March 1 with credit terms of 2/10, n/30. Oscar returne
tigry1 [53]

Answer:

D.Cash 1,274 Sales Discount 26 Accounts Receivable 1,300

Explanation:

The journal entry is shown  below:

Cash A/c Dr                   $1,274

Sales Discount A/c Dr $26

     To  Accounts receivable    $1,300

(Being cash received recorded)

The computation of the account receivable  

= Credit sales - returned goods

= $1,800 - $500

= $1,300

And, the discount would be

= Accounts receivable × percentage given

= $1,300 × 2%

= $26

The remaining amount would be credited to the cash account.

3 0
4 years ago
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