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tiny-mole [99]
3 years ago
5

Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble, but Chef Noble has breached the contract by failing to

pay for the potatoes. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered a(n)
Business
1 answer:
lisabon 2012 [21]3 years ago
3 0

Answer:

be considered reasonable mitigation of damages.

Explanation:

Based on the information provided regarding the scenario at hand it can be said that this action would be considered reasonable mitigation of damages. This is a law principle that requires that a party who has suffered a loss due to a breach of contract (in this case Farmer Elvin) needs to take reasonable action in order to minimize the amount of the loss that they have suffered. Which in this case is exactly what Farmer Elvin is doing in order to recover some of the money that he lost from the breached contract by selling the potatoes to a local diner.

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The formal target-setting, monitoring, evaluation, and feedback systems that provide managers with information about whether the
Pie

Answer: Control Systems

Explanation:

Control systems in business are procedures designed to evaluate, monitor, regulate, supervise and ascertain whether organisational strategies, plans and structures are working efficiently and effectively. It also ensure assets and resources are checked and well documented to avoid things going missing.

7 0
3 years ago
If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to th
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Answer:

Explanation:

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4 0
3 years ago
The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b
guajiro [1.7K]

Answer:

True

Explanation:

The variables price and quantity are inverse correlated then a change in 1 has the exact  opposite effect in the other.

6 0
3 years ago
Why are benefits of the sale or purchase of bonds?
Anon25 [30]
When bonds are sold to investors, the government benefits because it gets an injection of cash, while the purchaser benefits because in a few years it will have accrued interest.
3 0
3 years ago
Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing 43,000 parts is $140,
kifflom [539]

Answer:

$71,000

Explanation:

The computation of operating income is shown below:-

Total costs if company bought = Cost of production × Outside supplier per unit) + (Fixed cost × Remaining percentage)

= (43,000 × $3.80) + ($68,000 × (100% - 30%))

= (43,000 × $3.80) + ($68,000 × 70%)

= $163,400 + $47,600

= $211,000

Loss in Income if part is bought = Total costs if company bought - Total costs originally

= $211,000 - $140,000

= $71,000

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8 0
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