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netineya [11]
3 years ago
11

Builders, inc., agrees to construct an office building for champ fitness clubs, inc. the project proceeds according to plan, but

before it is done, champ tells builders to quit. builders may recover
a. ​the contract price less costs of materials and labor.


b. ​the costs needed to complete construction.


c. ​the contract price.


d. ​profits plus the costs incurred up to the time of the breach.
Business
1 answer:
adell [148]3 years ago
7 0

Answer: option D is correct

Explanation:

Since the quit notice is not the builders fault, the termination of contract can filed on the bases of determination where the client client has to pay profit and losses incurred until the moment of termination.

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Suppose that government officials have decided to implement expansionary fiscal policies. What are their desired outcomes
Viktor [21]

Answer:

The goals of expansionary fiscal policies are to reduce unemployment rate, increase aggregate demand (rightward shift of aggregate demand curve), increase aggregate supply (rightward shift of aggregate supply curve), and as a result increase real GDP.

Expansionary fiscal policies can be either:

  • increase government spending
  • decrease taxes
3 0
3 years ago
A subprime or predatory loan a. Is now prohibited under Dodd-Frank b. Is a loan with higher interest rates and large prepayment
lara [203]

Answer:

The correct answer is letter "B": Is a loan with higher interest rates and large prepayment penalties.

Explanation:

Subprime or predatory loans are those with higher interest rates usually provided to individuals with negative credit reports. The likelihood that the borrowers will default the payments pushes subprime lenders to increase the interest rates.  

They are named subprime because the interest rate they provide is higher than the U.S. prime rate set by the Federal Open Market Committee of the Federal Reserve Bank. The current prime rate in the U.S. is 5.25%.

4 0
3 years ago
Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing a
olya-2409 [2.1K]

Answer:

Smart Stream Inc.

1. Total variable costs = $2,400,000

2a. Variable cost per unit = $240

2b. The variable cost markup percentage = 12.46%

2c. Selling price per unit = $325

Explanation:

a) Data and Calculations:

Variable costs per unit:          

Direct materials                               $150            

Direct labor                                         25              

Factory overhead                               40

Selling and administrative expenses 25

Total                                                $240

Fixed costs:

Factory overhead       $350,000

Selling and admin. exp. 140,000

Total fixed costs =      $490,000

Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000

Profit target = $360,000 ($1,200,000 * 30%)

Total variable costs = $2,400,000 ($240 * 10,000)

Variable cost per unit = $240

b. The variable cost markup percentage =

Variable cost markup = $360,000 * $2,400,000/$2,890,000 = $298,962

Variable cost markup percentage = $298,962/$2,400,000 * 100 = 12.46%

Fixed cost markup = $360,000 * $490,000/$2,890,000 = $61,038

Total cost = $2,890,000

Target profit     360,000

Total sales revenue = $3,250,000

Selling price = $325 ($3,250,000/10,000)

8 0
3 years ago
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $12 per hour and capi
Alex777 [14]

The firm should decrease the amount of capital used.

Solution:

The wage rate is $12 per hour and capital is rented at $8 per hour.

The marginal product of labour is 45 units of output per hour and the marginal product of capital is 65 units of output per hour.

A manager hires labour and rents capital equipment in a very competitive

market.

The ratio of marginal product of labour and wage rate

= \frac{45}{12}

= 3.75

The ratio of marginal product of capital and rent

= \frac{65}{8}

= 8.125

If the cost ratio is higher, it means that the boss must minimize the volume of money involved in the manufacturing process.

5 0
3 years ago
If a company has five employees with annual salaries of $40,000, $90,000, $40,000, $30,000, and $80,000, respectively, what is t
inessss [21]
Mean is where you add all of the values together and then divide the total by the number of values.

 After doing this, you should see this...

20,000+40,000+20,000+60,000+70,000 = 210,000

 After you get this number, you divide by the number of values, in this case, 5.

 210,000/5 = 42,000

6 0
3 years ago
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