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]
2 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]2 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
As noted in the case, HP considered approaching chain stores that sell store-brand cartridges compatible with its printers and o
Annette [7]

Answer: a trade discount

Explanation:

Based on the information that was provided, the type of discount or allowance could the approach that HP is contemplating be most clearly identified as a trade discount.

A trade discount simply refers to the scenario when a manufacturer reduces the retail price it sells its good to the wholesaler or the retailer. Since HP approached chain stores, then a trade discount is considered here.

6 0
2 years ago
An inferior good is one for which _ _ in buyers income causes
yuradex [85]
An inferior good is one for which an increase <span> in buyers income causes</span> a decrease in demand.

Hope this helps !

Photon
3 0
2 years ago
A shopkeeper explains to you that she keeps down the cost of running her business because her husband works in the shop for free
True [87]

Answer:

explicit cost is kept down, but not the implicit

Explanation:

As we know that there is two cost i.e. explicit cost and the other one is implict cost. The explicit cost is the cost that are spent like out of pocket expenses i.e. salaries & wages, etc. On the other hand the implicit cost is the cost that are spent on diversifying the business

Now as per the given situation, the above is the answer and also the explicit costs are classified into fixed and variable costs while doing the business

3 0
2 years ago
Help me pls thankyouu​
Delicious77 [7]

Answer:it’s c.A project if it’s rate of return>0

Explanation:

7 0
3 years ago
Read 2 more answers
The management approach of _____ was one of the first to recognize that enriching the lives of organizational and community fami
Flauer [41]

Answer:

Spaulding

Explanation:

  • Spaulding may be used to refer to the material. 1 People; 2 locations; 3 other uses; 4 See, too.
  • Spaulding Group offers advisory services for housing development and property development.
  • Under these types of firm people is hire who have good knowledge of property and real estate.
  • These people help and advise other people who want to purchase real estate.

6 0
3 years ago
Other questions:
  • Please assist with the answer
    8·1 answer
  • Should Andrew Jackson be<br>removed from the $20 Bill?<br><br>​
    6·2 answers
  • Every time andres raises his hand, he receives one point. "raising his hand" is considered the:
    11·1 answer
  • uses project characteristics in a mathematical model to estimate project costs. a. Rough order of magnitude estimating b. Bottom
    5·1 answer
  • If a bank sells​ $10 million of bonds to the Fed to pay back​ $10 million on the loan it​ owes, what will be the effect on the l
    9·1 answer
  • You will be paying $10,300 a year in tuition expenses at the end of the next two years. Bonds currently yield 8%.
    7·1 answer
  • A company reported total stockholders' equity of $163,000 on its balance sheet dated December 31, 2018. During the year ended De
    8·1 answer
  • In the sale of a business, if the requirements of the Uniform Commercial Code are not
    14·1 answer
  • On January 4, 2021, Snow Co. purchased 40,000 shares (40%) of the common stock of Walker Corp., paying $900,000. There was no go
    15·1 answer
  • Project marvel is a five-year project. The project has a total cash inflow of $350,000. The present value of such inflows is $27
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!