1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zysi [14]
3 years ago
12

Renew Turf, Inc., enters into a contract with Sports Park to provide surface material for Sports Park's baseball fields by Octob

er 1 for a series to begin October 5. The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is:
a. meant to pay for additional liquid sealant in the event of damage
b. a reasonable estimate of the loss on a breach
c. designed to penalize the breaching party
d. intended to quickly provide cash to the non-breaching party
Business
1 answer:
densk [106]3 years ago
7 0

Answer:

b.

Explanation:

Based on the information provided within the question it can be said that this is a liquidated damages clause if the amount is a reasonable estimate of the loss on a breach. This a safety feature placed in order to recover money lost on the negligence of the party that breached the contract, so that the other party does not suffer much loss.

You might be interested in
"Holly, Inc. is a U.S.-based MNC contemplating the acquisition of a Thai firm which will be used to produce computers that will
olga55 [171]

Answer:

Holly; more

Explanation:

In this secanrio we have two firm Holly Inc and Molly inc. Holly inc is interested in acquiring a company in Thailand that produces computers and sells them within Thailand.

Molly Inc on the other hand wants to acquire a Thailand company that will produce computers and export them.

Holly Inc is more sensitive to the economic conditions of Thailand because they want to contribute to the country's GDP and growth by selling computers in Thailand.

Molly Inc however is using Thailand for its production and exporting the computers. It does not contribute to the Thailand economy.

5 0
4 years ago
The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspape
Andreas93 [3]
From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.

If local newspaper advertising is one of the four types, then:

$1000(25%) = $250

It would get $250 from the overall budget.
5 0
3 years ago
Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
Karo-lina-s [1.5K]

Answer:

The answer is E. $24,000

Explanation:

Straight line depreciation method equals

Cost of asset - salvage value / number of years.

Cost of asset is $135,000

Salvage value is $15,000

Number of years is 5 years

$135,000 - $15,000/5 years

$120,000/5 years

=$24,000

Straight line method of depreciation has equal amount all through the year.

The first year through it end life.

Therefore, machines' first year depreciation under the straight-line method is $24,000

6 0
3 years ago
On August 29, Paris and Helen agree that Paris will supply Helen with natural gas for one year beginning on January 1 and Helen
madam [21]

Answer:

The correct answer is letter "B": False.

Explanation:

Anticipatory repudiation is the act by which one party notifies the other intentions of not continuing with their relationship -typically tied to a contract- because of different factors. Those factors sometimes are specified in the terms of the contract and must be met for a Court to qualify the case as an anticipatory breach.

Thus, in the example, <em>Helen should retract her anticipatory breach since she will be able to make the payments for the gas service even though Paris changed the supplier.</em>

5 0
3 years ago
a. After the magazine The Economist publishes an article indicating that analysts expect the value of Tunisian dinars to rise re
german

Answer: Depreciate

Explanation:

The Economist is a widely respected financial and economic magazine which means that their articles can cause movements in the market especially when backed up by analysts.

The Economist believes that the Tunisian Dinar will rise relative to the Peruvian Sol, this means that the Peruvian Sol will depreciate against the Tunisian Diner. Some people and entities holding Peruvian Sol assets will try to offload it so that they do not suffer losses.

This increase in supply and reduction in demand for the Peruvian Sol will lead to it depreciating.

3 0
3 years ago
Other questions:
  • Leaf Lovers Garden Centers is a chain of discount gardening stores throughout the United States. Top management realizes that am
    10·1 answer
  • (a) which are higher, federal income taxes or state and local income taxes? (b) how much are total income taxes per capita?
    7·1 answer
  • You have been asked to analyze the Value Net of the craft brewing and distilling industries in your state, and you have observed
    13·1 answer
  • In terms of global business strategy, the governance of ________ firms has been likened to a federal structureâ "strong central
    8·1 answer
  • Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.
    12·1 answer
  • 2. An employee has filed a discrimination lawsuit, because although fully qualified, he was not hired for a
    8·1 answer
  • Compared to a country with an MPS of 0.05, a country with an MPS of 0.2 would have to change government expenditures by ________
    13·1 answer
  • What are some common traits good entrepreneurs have?
    6·2 answers
  • NEED ASAP <br> What are the steps for properly carrying an item
    14·1 answer
  • TechSmart employees receive annual pay raises and stock allocations on the basis of performance evaluations that assess individu
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!