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Sedaia [141]
4 years ago
7

All Seasons, Inc. ordered $5,000 worth of Christmas decorations from Santa, Inc. The shipment of decorations was to arrive no la

ter than October 1, but did not arrive until December 1. All Seasons was able to purchase some of the unfulfilled order through other suppliers, but had to pay 15% more than the price under contract with Santa, Inc. As a result of the delay, All Seasons' sales were down 25%. All Seasons can recoverA. punitive damages.B. nominal damages.C. compensatory damages and consequential damages.D. compensatory damages, consequential damages, and punitive damages.
Business
2 answers:
Leya [2.2K]4 years ago
5 0

Answer:

C. Compensatory damages and consequential damages.

Explanation:

The reason is that the company can only sue Santa for its compensatory damage of paying 15% extra and consequential damages which are only claimable if the party to contract knows that not performing the contract will contribute to consequential damages which are here losses of sales which amount to 25% of sales.

Strike441 [17]4 years ago
5 0

Answer:

C. compensatory damages and consequential damages.

Explanation:

Compensatory damages are money awarded to a plaintiff to compensate for damages, injury, or another incurred loss.

Consequential damages are defined as damages that can be proven to have occurred because of the failure of one party to meet a contractual obligation. They go beyond the contract itself and into the actions that flow from the failure to fulfill. The type of claim giving rise to the damages can affect the rules or calculations associated with a given type of damages, including consequential damages.

Punitive damages is a non compensatory damages.

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4 years ago
The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin
slava [35]

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2 years ago
Barney wants to start a new business that yields a profit of​ 20% per year after a period of 2 years. In this​ period, if he
crimeas [40]

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Opportunity costs.

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Investing in stocks depicts Barney's opportunity cost of money.

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4 years ago
Llywelyn, Inc. reports the following information for​ July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 O
trapecia [35]

Answer:

A. $ 420,000

Explanation:

We have to find the missing information

Sales revenues            1,000,000

variable cost              <u>    (200,000)</u>

Contribution Margin       800,000

Fixed Cost                <u>            X         </u>

Operating Income          380,000

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6 0
3 years ago
What is a marketing strategy in which the focus is on small but profitable market segments?
Goryan [66]

Niche marketing strategy is a marketing strategy in which the focus is on small but profitable market segments.

Niche marketing is defined as the strategy of channelizing  all the marketing efforts towards one well-defined segment of the population. There is one important thing to understand that ‘niche’ does not exist, but  it is created by a smart marketing technique and identifying what the customer wants.

This can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem which was not presented by other firms. A niche market does not mean a small market, but it involves specific target audience with a specialized offering.

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2 years ago
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