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3 years ago

The rule preventing recovery for reasonably avoidable damages is often called the duty to mitigate. True or false

Business

1 answer:

Degger [83]3 years ago

3 0

Answer:

True

Explanation:

In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.

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Agata [3.3K]

B i think hope this helps tell me if im wrong or right

5 0

3 years ago

Journalize the following transactions in the accounts of Sedona Interiors Company, a restaurant supply company that uses the all

Vaselesa [24]

Answer:

The journal entries are made below;

Explanation:

May 1. Account Receivable-Beijing Palace Co. Dr.$18,900

Sales Revenue Cr.$18,900

Cost of Goods Sold Dr.$11,200

Inventory Stock Cr.$11,200

Aug 30. Cash Dr.$8,000

Bad Debt Expense Dr.$10,900

A/R-Beijing Palace Co. Cr.$18,900

Dec 8. A/R Beijing Palace Dr.$10,900

Bad Debt Expense Cr.$10,900

Cash Dr.$10,900

A/R Beijing Palace Co. Cr.$10,900

6 0

3 years ago

Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m

Darya [45]

Answer:

Productivity= 4.147

Explanation:

Productivity measures the efficient use of resources, capital, land, materials, energy, or information in the production of products and services. A highly productive process achieves more with a given level of resources.

We are to calculate productivity as a.ratio of sales revenue to labour expense.

Sales revenue= units sold* unit price

Sales revenue= 1,236* 1,719

Sales revenue= $2,124,684

Labour expense= total hours* hourly rate

Labour Expense= 46,574*11

Labour Expense= $512,314

So Productivity= Sales revenue/ Labour expense

Productivity= 2,124,684/ 512,314

Productivity= 4.147

5 0

3 years ago

If product costs are misclassified as selling costs, the average cost per unit will be understated.a. Trueb. False

gladu [14]

Answer:

Product costs are mostly prime costs (Variable cost). Now lets check where this misclassification occurs.

There are 3 stages of absorption costing.

Stage 1: Allocation

Stage 2: Apportionment

Stage 3: Absorption

Misclassification of product cost of product A occurs at Stage 1.

This means that the share of product cost of A, which is misclassified as selling cost will be equally shared with other products in the stage 2. This sharing of cost will lower the average cost per unit of product A and increase the average cost per unit of other products. Hence, Its true.

5 0

3 years ago

Congratulations again. You've just been appointed economic adviser to the president of Examland. The mpe is 0.8; autonomous inve

Contact [7]

Answer:

Explanation:

(a)

mpe = 0.8

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

Autonomous net exports = $900

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.8Y + 8100 + 1100 + 900

Y = 0.8Y + 19100

Y - 0.8Y = 19100

0.2Y = 19100

Y = 19100/0.2 = 95500

The level of income is $95,500.

(b)

Now, autonomous exports increases by $1,500.

mpe = 0.8

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.8Y + 8100 + 1100 + 2,400

Y = 0.8Y + 20600

Y - 0.8Y = 20600

0.2Y = 20600

Y = 20600/0.2 = 103000

Thus,

The income rises by $7,500.

(c)

Now, mpe decreased from 0.8 to 0.6

mpe = 0.6

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

Autonomous net exports = $900

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.6Y + 8100 + 1100 + 900

Y = 0.6Y + 19100

Y - 0.6Y = 19100

0.4Y = 19100

Y = 19100/0.4 = $47,750

The level of income is $47,750.

Now, autonomous exports increases by $1,500.

mpe = 0.6

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.6Y + 8100 + 1100 + 2400

Y = 0.6Y + 20600

Y - 0.6Y = 20600

0.4Y = 20600

Y = 20600/0.4 = 51500

Thus,

The income rises by $3,750.

3 0

3 years ago