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Sholpan [36]
3 years ago
5

Monumental, Inc. contracts with Champion Builders to erect a three-story office building on a parcel of land it has purchased. B

efore construction begins, the local zoning board changes the zoning of the parcel and those adjoining it to residential use only. Monumental’s contract with Champion is discharged.
A. True.B. False
Business
1 answer:
Elza [17]3 years ago
7 0

Answer:

A) True

Explanation:

Monumental can discharge the contract by frustration. In order for a contract to be discharged by frustration, four conditions have to occur:

  1. An unforeseeable event must occur: In this case the zoning changes were unforeseeable.
  2. No party is at fault: the zoning board made the changes to the zoning of the land.
  3. Performance is impossible: there is no reason why an office building should be built in a residential only area.
  4. The result is radically different than expected: neither Monumental or Champion Builders expected a zoning change to occur.
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Match each type of tax with an example of its use.
Fofino [41]

<u>Answer:</u>

Excise tax              :$0.30 tax on a gallon gasoline

Consumption tax  : 20% tax on wages earned

Income tax            : 9% tax on the sale of luxuries

<u>Explanation:</u>

Excise tax are the taxes charged to individuals on purchase of certain goods. Excise taxes are included with the price of the product. One of the major excise tax is charged on the gasoline for vehicles.

Consumption tax are the indirect taxes that are charged on usage of goods and services. They are collected in the form of sales tax and value added tax.

Income tax is the tax collected by the government for earning money through business or work.

8 0
3 years ago
Calculating Lower-of-Cost-or-Net Realizable Value
Tju [1.3M]

Answer:

Anne Traylor Inc.

Calculating Lower-of-Cost-or-Net Realizable Value

The inventory cost to report on the balance sheet on June 30, 2020, assuming that the company applies the lower-of-cost-or-net realizable value rule to each individual inventory item is:

= $8,990.

Explanation:

a) Data and Calculations:

Inventory  Quantity   Selling  Cost     NRV    Inventory   Lower-of-Cost-or-

Item                            Price    to Sell                  Cost     Net Realizable Value

#100              70          $24      $5       $19         $16         $1,120 ($16 * 70)

#101             100            22         4         18            17           1,700 ($17 * 100)

#115              50            35         6        29            31          1,450 ($29 * 50)

#118             120            40         6        35           29         3,480 ($29 * 120)

#120             25             18         4         14            10            250 ($10 * 25)

#128             45            30         8        22           26            990 ($22 * 45)

Total                                                                                $8,990

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2 years ago
chapter 9 technology methodical application of scientific knowledge for practical purposes invention product or process which ca
marissa [1.9K]

Innovation can be described as 'new' in that it makes a significant qualitative.

Qualitative research relies on data obtained by researchers from direct observations, interviews, questionnaires, focus groups, participant observations, environmental records, documents, case studies, and artifacts. The data is usually not numeric.

Qualitative data describe a quality or characteristic. Collected through questionnaires, interviews, or observations, they are often presented in the form of narratives. For example, notes made during a focus group on Cafe Mac food quality, or responses to public surveys.

Learn more about Qualitative here:

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4 0
1 year ago
Imagine that you are a management coach and one of your clients, a new manager, says, “I’ve heard that about two thirds of manag
Arte-miy333 [17]

Answer:

✔ Asking employees questions helps develop their critical thinking skills.

✘ Asking employees questions boosts their morale by helping them feel like experts, even though they’re not.

✘ Asking employees questions enhances their sense that the manager is the only person they should be in dialogue with, so they start talking less to each other.

✔ Asking employees how to solve problems empowers them to arrive at solutions to which they’re committed.

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A manager who asks questions with a sincere interest in the answers is engaging in dialogue similar to a “regular” back-and-forth conversation, and this authenticity builds trust and promotes the open exchange of ideas. Another key benefit is that having employees think about questions, rather than just telling them information or telling them what to do, engages their critical thinking skills—which are key skills for organizational success. Also, when employees are asked how to solve problems, they are likely to have more buy-in to the solution they arrive at than to a solution imposed on them. Many people are motivated by feeling as though their ideas make a positive difference.

Lower-level employees are often the experts in operational details and often have more direct contact with customers than higher-level managers, so they have tremendous expertise that can and should be tapped. Asking employees questions begins an organizational dialogue that can lead to a decentralized communication network, in which employees freely exchange ideas with one another and not just with their manager.

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2 years ago
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daser333 [38]
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