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sergeinik [125]
3 years ago
5

Bret contracts to work for City Construction Corporation (CCC) during July for $4,500. On June 30,CCC cancels the contract. Bret

declines a similar job with Downtown Builders, Inc., which would have paid $4,000. Bret files a suit against CCC. As compensatory damages, Bret can recover
A) $4,500.
B) $4,000.
C) $500.
D) $0.
Business
2 answers:
AlladinOne [14]3 years ago
5 0

Answer: The answer is - C $500

Explanation: $4,500-4,000 = $500

Solnce55 [7]3 years ago
4 0

Answer:

c) 500

Explanation:

4500 - 4000 = 500

You might be interested in
Stoneheart Group is expected to pay a dividend of $3.25 next year. The company's dividend growth rate is expected to be 3.5 perc
Vera_Pavlovna [14]

Answer:

$37.79

Explanation:

The computation of the stock price is shown below:

Data given in the question

Next year dividend = $3.25

Growth rate = 3.5%

Required rate of return = 12.1%

So, the stock price is

= Next year dividend ÷ (Required rate of return - growth rate)

= $3.25 ÷ (12.1% - 3.5%)

= $3.25 ÷ 8.6%

= $37.79

We simply apply the above formula to find out the stock price

5 0
3 years ago
Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
Eduardwww [97]

The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction.  This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry.  And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

Purchase on April 2 = $4,000

Purchases Return on April 4 = $2,000

Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0
2 years ago
Leone thinks that because her employee Josef went to an Ivy League college he is very knowledgeable, and she always asks his opi
lina2011 [118]

Answer:

self-fulfilling prophecy

Explanation:

Based on the information provided within the question it can be said that in this scenario a self-fulfilling prophecy has occurred. This term refers to when an individual causes a prediction to come true by unintentionally adjusting their behavior and action in such a way that makes that prediction come true. Which is what is happening in this scenario since Leone thinks that Josef is good at investing, it makes Joesef read up and become good at investing.

3 0
4 years ago
A stock was purchased for $51 a share and sold eleven months later for $54 a share. If the shares were purchased totally with ca
nekit [7.7K]

Answer: 5.88%; 8.40%

Explanation:

In finance, the holding period return is simply the return that a portfolio or an asset has accrued during the entire period that the asset or portfolio was being held. It is a way of measuring the performance of an investment.

Based on the information that have been provided in the question,

HPR without margin will be:

= ($54 - $51)/$51

= $3/$51

= 0.588

= 5.88%

HPR with margin will be:

= ($54 - $51)/($51 × 0.70)

= $3/($35.7)

= 0.84

= 8.40%

7 0
3 years ago
TB MC Qu. 08-156 Fortune Drilling Company acquires... Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,00
OlgaM077 [116]

Answer:

Fortune Drilling Company

Journal Entry:

Debit Depletion Expense $1,350,000

Credit Accumulated Depletion $1,350,000

To record the first year's expense.

Explanation:

a) Data and Calculations:

Acquisition cost of mineral deposit = $5,900,000

Additional costs incurred = $600,000

Total costs of mine = $6,500,000

Estimated mineral deposit = 2,000,000 tons

Estimated years of extraction = 5 years

First year's extraction quantity = 418,000

Expenses for the first year = 418,000/2,000,000 * $6,500,000

= $1,350,000

Analysis:

Depletion Expense $1,350,000 Accumulated Depletion $1,350,000

7 0
3 years ago
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