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IRINA_888 [86]
3 years ago
6

Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea

lizes he cannot finish without additional help. He tells Hazel he will need an extra $700 to do this. Hazel agrees. With the additional help, Eugene finishes painting the house within the agreed two weeks. Does Hazel have to pay the extra $700?
Business
2 answers:
Yanka [14]3 years ago
6 0

Answer:

Yes, Hazel needs to pay extra $700

Explanation:

As per pre-existing duty rule, a person is obligated to perform his duty at the consideration agreed upon initially. Any modification to the contract is void.

Exceptions to this rule:

  • As per new contract, if the person undertaking his duty hires another person to perform the work so as to complete it in time, then modifications are valid and enforceable.
  • Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

tatyana61 [14]3 years ago
3 0

Answer:

Yes Hazel needs to pay the 700$

Explanation:

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Peel Co. received a cash dividend from a common stock investment. Should Peel report an increase in the investment account if it
Paraphin [41]

Answer:

No, the investment is not increased in any accounting method so it must not be increased.

Explanation:

The reason is that in the cost method, the investment remains the same because the return is treated as income.

In the held for trading, the return received is treated as decrease in the investment because the dividend received decreases the fair value of the investment. Similarly in the equity method the dividend received is treated as cash withdrawal or we can say that dividend received decreases the fair value of the investment.

5 0
4 years ago
Early research on leadership traits​ ________.
Varvara68 [4.7K]

Answer:

D) focused on characteristics that might differentiate leaders from non-leaders

Explanation:

It is generally said that leaders are the individuals who can differentiate themselves from non-leaders. There are various researches which tried to examine the characteristic of leadership and mostly focused on the characteristics which make leaders. Although, it is important to analyse the features which differentiate leaders from non-leaders, nowadays this method to identify leadership traits is considered ineffective.

6 0
3 years ago
Feldpausch Corporation has provided the following data from its activity-based costing system:Activity Cost Pool Total Cost Tota
Alenkinab [10]

Answer:

Product margin= $11.03

Explanation:

<u>First, we need to calculate the activities rates:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembly= 1,150,100 / 62,000= $18.55 per machine-hour

Processing orders= 54,554  / 1,860= $29.33 per order

Inspection= 194,310 / 2,550= $76.2 per inspection-hour

<u>Now, we can allocate overhead to Product W26B:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 18.55*1,610= $29,865.5

Processing orders= 29.33*65= $1,906.45

Inspection= 76.2*30= 2,286

Total allocated costs= $34,057.95

Unitary allocated overhead= 34,507.95 / 990= $34.86

Finally, the unitary cost and product margin:

Total unitary cost= 34.86 + 52.35 + 17.21= $104.42

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Product margin= $11.03

3 0
3 years ago
Which of the following explains why the aggregate demand curve slopes downward? a) The interest-rate effect, the real-balances e
klio [65]

Answer:

Option (a) is correct.

Explanation:

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Interest-rate effect: This effect states the cost of borrowing funds with the price inflation in an economy. If there is a higher interest rate then most of the consumers cut down there borrowings activities which is one of the reason of downward sloping demand curve.

Foreign purchases effect: When there is a fall in the price level then as a result the price in the United states falls relative to the foreign prices. Hence, there is an increase in the U.S exports and decrease in the U.S imports.

6 0
3 years ago
Customer response time is: A. the time taken for value to be placed on a company's products by customers. B. the time taken for
Whitepunk [10]

There are ways to treat a customer. Customer response time is the time taken for a good to be delivered or a service to be performed.

<h3>What is Customer response time?</h3>

Customer response time is known to be the timeframe or period between the placement of a said order and the date of the delivery goods or services.

It is also known as the time between when a customer is said to makes a certain inquiry about a specific product or make a purchase of good or service and when it is said to be received by the customer.

Learn more about  Customer from

brainly.com/question/26313265

4 0
2 years ago
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