The remedy that Heidi has in this scenario is <u>D. Heidi is entitled</u> to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.
<h3>What are the remedies for breach of contract?</h3>
Some of the legal remedies available to a party whose contract is <u>breached</u> are:
- Compensatory damages
- Specific performance
- Contract rescission
- Restitution.
<h3>Answer Options:</h3>
A. Heidi has no recourse in this scenario, because she accepted delivery of a non-conforming good.
B. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.
C. Heidi is only entitled to recover the money that she paid for the sculpture.
D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.
Thus, based on the scenario, Heidi is entitled to Compensatory damages, which award the plaintiff the monetary value of what she either lost or incurred because of the breach.
Learn more about Compensatory Damages at brainly.com/question/4395083
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Answer:
A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Explanation:
Sales = $350,000
Cost of goods sold = $120,000
Total fixed expenses = $60,000
Total variable expenses = $100,000
Therefore,
Gross profit = Sales - Cost of goods sold
= $350,000 - $120,000
= $230,000
Contribution margin = Sales - Total variable cost
= $350,000 - $100,000
= $250,000
The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Answer:
$85,300
Explanation:
The computation of the ending account payable balance is shown below:
Ending balance of account payable = Beginning balance of account payable + purchase made - paid amount of its account payable balance
= $78,000 + $44,900 - $37,600
= $85,300
The paid amount for services to be provided in the future is not related to the account payable. Hence, it is ignored
Answer: False
Explanation:
The statement that "Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable" is false.
According to Paul Krugman, a strategic trade policy will be captured by the special-interest groups that are within the economy and this will bring about it's distortion and therefore it's unlikely to be workable.
Answer: a reduction in safety stock and/or lead time
Explanation:
Kanban is a visual system that is used for the management of work as the work moves through a process. It should be noted that it is a concept that tells one what to produce, quantity to produce and when to produce it.
A reduction in the number of kanbans (given a constant container size) requires a reduction in safety stock and/or lead time.
