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WINSTONCH [101]
3 years ago
10

Justin agrees to start a life-size portrait of Julia beginning November 2. On October 28 he writes to Julia that due to unforese

eable circumstances, he would not be able to perform his promise. Justin has used the doctrine of: quasi-contract. accord and satisfaction. specific performance. anticipatory repudiation.
Business
1 answer:
Nitella [24]3 years ago
8 0

Answer:

anticipatory repudiation.

Explanation:

Anticipatory repudiation refers to a party involved in a contract breaching the contract in advance. Through the use of anticipatory repudiation, the party that is breaching the contract declares that they are not going to perform their obligations.

In order to reduce possible damages and avoid potential losses, the party that breaches the contract has to act as quickly as they can so that the other party suffers the least possible damage or suffers the least possible losses. But still, the other party can sue for the breach of the contract and for any potential damages originated by the contract breaching.

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The shelby cobra retails for ?$47 comma 68447,684 ?(all taxes? included. what are the monthly loan payments for the car if you m
Dmitry [639]
The answer would be 7152. maybe hope it helps
4 0
2 years ago
The primary purpose of managerial accounting is to prepare financial statements in accordance with a reporting framework (e.g. G
Contact [7]

Answer:

False.

Explanation:

There is no specific rule for managerial accounting like GAAP. GAAP is the accounting principles set for financial accounting and not managerial accounting. The main and primary purpose of managerial accounting is to help the managers of an organization to analyze the exact cost that is incurred in the production of sale-able goods and services. This accounting is done completely as per the convenience and discretion of the managers of a company and not by any specified rules and norms.

3 0
2 years ago
Harwood Company uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginn
NNADVOKAT [17]

Under- or Over-Applied Manufacturing Overhead:

Under- or Over-Applied Manufacturing Overhead refers to the balance in the manufacturing overhead control account after the actual overhead costs that were incurred and the applied overhead for the period has been recorded

1 .The appleid overhead is the predetermined rate of $2.40 per machine hour multiplied by the actual number of machine hours (75,000), so it is $180,000.

The applied overhead is debited to work-in-process inventory and credited to the manufacturing overhead account.

2. The underapplied or overapplied overhead for the year is the difference between the actual and applied overhead. We can show it in the T-account like this:

3. The company estimated its total overhead cost to be $192,000 and its total machine hours to be 80,000. The actual overhead cost was $184,000 and the actual machine hours were 75,000. We can see that the main reason why the manufacturing overhead was underapplied was the fact that it worked fewer machine hours than anticipated with a proportional decrease in the manufacturing overhead costs incurred. This is normal because an element of manufacturing overhead is fixed.

To know more about overhead applied manufacturing overhead:

brainly.com/question/14703509

#SPJ4

3 0
1 year ago
# 8 & # 9 please .. I appreciate it
KatRina [158]
#8 is C. Unfortunately I do not know #9.
6 0
3 years ago
The use of accelerated depreciation:____.a. discourages investment in plant and equipment. b. increases expenses and decreases c
Elena-2011 [213]

Answer:

c. initially decreases the firm's taxes

Explanation:

Accelerated depreciation provides for a higher rate of capital allowance on the assets that is New and Unused and brought in the business for use in manufacturing for the first time. This allowance then lowers for the other years. The purpose of this is to encourage  investment in plant and equipment as it initially decreases the firm's taxes.

8 0
3 years ago
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