Answer:
The answer is: C) Have as its only remedy the right to recover dollar damages.
Explanation:
Since Sky breached its contract with Eagle, Eagle can sue Sky for money damages.
They can not seek a writ of replevin since the 100,000 units included in the contract were not unique nor identified. They were part of a much larger production lot of 200,000 units intended for various customers.
They also can't seek to obtain specific performance due to the same reasons as before, the units were not specific nor identified and other customers also need them.
Answer:
Lesser and fell relative to other currencies
Explanation:
This phenomenon is usually termed "Currency depreciation" a fall in the value of a currency in a floating exchange rate system.
The depreciation in 2016 occurred due to factors such as monetary policy, political instability and high inflation.
Amazon's global revenue was 135.99 billion US dollars in 2016, comparing the foreign exchange value in local currencies at that time will give a lesser value now.
Answer: Accounting profit= $44,500
Economic Profit = $4,150
Explanation: <em>Accounting profit</em> are the profit earned by subtracting explicit cost from the total revenue earned.
<em>Economic profit</em> are profits lefts out after subtracting implicit (opportunity) cost and explicit ( monetary) costs. It is given by
In this case, the explicit cost include rental cost, office supplies, office staff and telephone expenses.
While, implicit cost include the 7% interest foregone on the $5000 savings and the salary foregone ($40,000) by choosing to startup a business than take up the job.
Answer:
89.44%
Explanation:
As we know that:
Z = (Cash Flow - Mean) / Standard Deviation
Here
Cash flow is the observed value which is the lower limit here and is $11,000
Mean is the average value of the sample and is $16,000
Standard Deviation is $4,000
By putting values, we have:
Z = ($11,000 - $16,000) / $4,000
= -1.25
The Z value lower than -1.25 is 0.1056 or 10.56%
This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be
Probability of cash flow = (1- 0.1056) = 0.8944 which is 89.44%
