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Lera25 [3.4K]
3 years ago
5

Kris contracts to work exclusively for Little Manufacturing Company during May for $5,000. On April 30, Little cancels the contr

act. Kris finds another job during May but earns only $3,000. Kris files a suit against Little. As compensatory damages, Kris can recover
Business
1 answer:
olga_2 [115]3 years ago
5 0

Answer:

The correct answer is $2,000.

Explanation:

According to the scenario, the given data are as follows:

Contract with Little company = $5,000

Earn from other job = $3,000

So, we can calculate the amount Kris can recover as a compensation damages by using following formula:

Amount that can be recovered = Contract with Little company - Earn from other job

By putting the value, we get:

Amount that can be recovered = $5,000 - $3,000

= $2,000

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Uncle Tupelo's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season.
ladessa [460]

Answer:

Interest expense --------$1,500

Interest payable-------------- $1,500

Explanation:

Given the following ;

Amount of note signed = $75,000

Annual interest rate = 12% = 0.12

Date signed = November 1

Calculate interest expense to be made in the adjusting entry by December 31 :

NOTE: No entries have been made previously for the interest expense

Monthly Interest = (Amount × rate) ÷ 12

Monthly interest = ($75,000 × 0.12) ÷ 12

Monthly interest = $9000 ÷ 12 = $750

November 1 to December 31 = 2 months

$750 × 2 = $1500

Interest expense = $1,500

3 0
3 years ago
Loree manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Loree also overs
Eva8 [605]

Answer:

First-line manager.

Explanation:

A first-line manager is a person within a company who is directly above all other personnel who are not managers. They have various obligations, such as the aforementioned routine decisions, service desk, feedback, work satisfaction, etc. When it comes to some more serious decisions, this type of a manager is not allowed to make them but rather only advise higher ups.

8 0
4 years ago
William ibbs, a professor at the university of california at berkeley, found that high project management maturity results in __
ozzi

William Ibbs, a professor at the university of California at Berkeley, found that high project management maturity results in lower direct costs of project management.

Project management is the process of directing the work of a team to achieve all project goals within given constraints. This information is typically documented in the project documentation created at the beginning of the development process. The main constraints are scope, time and budget.

Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives within agreed parameters and according to project acceptance criteria. Project management has the end result of being constrained by tight time frames and budgets.

Learn more about project management here:brainly.com/question/17310758
#SPJ4

8 0
2 years ago
Candy Claws Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per
Alchen [17]

Answer:

c. $23,160

Explanation:

Adjusted cash balance per books as at August 31

Cash balance per book $19,500

Add Notes receivable and interest collected by bank $4,800

($19,500+$4800) $24,300

Less:(Deposits in transit $900

-NSF check 1,020) ($120)

NSF check (1,020)

Cash balance per books $23,160

6 0
3 years ago
An article in a 2006 issue of Journal of Behavioral Decision Making reports on a study involving 47 undergraduate students in a
stich3 [128]

Answer: Yes

Explanation:

If the difference in average spending amounts between the two groups is determined to be statistically significant, it would be legitimate to draw such a conclusion.

Why?

Those who were told that it was a Tuition rebate, a reward of sorts, had spent on average, $22.04 whilst those who thought it was simply bonus income had spent significantly less at $9.55.

This means that indeed there is a CAUSE and EFFECT conclusion to be drawn between what the money was called and how much was spent because it is clear that when called a tuition rebate, more of it is spent as opposed to it being called a Bonus income.

3 0
3 years ago
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