Reoccurring problem because non of the other problems would make sense in this type of situation
<span>If this key employee were to die and the policy is still in force and unchanged, the death proceeds will be directed with the Key Person Insurance. The company will purchase, owns, pays the premiums and is the beneficiary of the life insurance on the key person. This is because the key person is still employed in that company.</span>
Answer: a. $120,000.
Explanation:
The inventory lost can be calculated by;
= Opening inventory + Purchases - Cost of Goods sold
Cost of goods sold = Sales - Markup on price
= 600,000 - (600,000 * 25/125)
= 600,000 - 120,000
= $480,000
Inventory lost = 100,000 + 500,000 - 480,000
= $120,000
Answer:
3) Jack has anticipatorily repudiated the contract and Hal and Sophia can immediately consider the contract to be breached.
Explanation:
Anticipatory repudiation of a contract refers to one party breaching the contract by declaring that they do not intend to perform consideration. Anticipatory repudiation is a type of contract breach, and as soon as the other party is notified about it, it can decide to claim any type of compensatory damages that may result from the breaching.
