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3 years ago

Fact Pattern 18-B1

Business

1 answer:

Roman55 [17]3 years ago

6 0

Answer:

D) substantial, but not complete, performance

Explanation:

Even though Moses breached his contract with Noelle, most part of the contract was performed. The most significant part of the contract was the apartment itself, not the air conditioning system. For a material breach to exist Moses should have failed to perform in a greater way, not just the air conditioning. Probably Noelle should get a discount on the price of the apartment so that she can get the air conditioning system installed.

The fact that Noelle stopped paying for the apartment just because of this is a little overreacting. For example, if I buy a used car and the previous owner forgets to give me the spare tire, I cannot stop paying because it may be worth money but proportionally it's a small amount.

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Due to ____, market forces should realign the cross exchange rate between two foreign currencies based on the spot exchange rate

gayaneshka [121]

Answer:

The correct answer is C

Explanation:

Covered interest arbitrage (CIA), it is an strategy or tool of arbitrage trading, where the investor capitalizes on the rate of interest which is differential among two countries through using the forward contract for eliminate the exposure or cover to exchange the rate risk.

So, because of covered interest arbitrage, the market forces realign the cross exchange rate among two countries grounded on spot exchange rates of two currencies.

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4 years ago

If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely:________

Soloha48 [4]

If the economy is at potential output and the fed increases the money supply, in the long run real gdp will likely decrease.

<h3>What is supply?</h3>

A basic economic notion called supply refers to the total amount of a particular commodity or service that is made available to consumers.
When shown as a graph, supply can refer to the quantity that is offered at a particular price or the quantity that is offered over a range of prices.
This is strongly related to the demand for an item or service at a particular price; all other things being equal, the supply offered by producers will increase if the price rises because all businesses aim to maximize profits.

Trends in supply and demand are what underpin the modern economy. Based on price, utility, and personal choice, any particular commodity or service will have its own unique supply and demand patterns.

Know more about supply with the help of the given link:

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2 years ago

a. Only institutions, and not individuals, can participate in derivatives market transactions. b. If you purchased 100 shares of

Marina CMI [18]

Answer:

e. As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Statement E, As they are generally defined, money market transactions involve debt securities with maturities of less than one year is true.

Statement A is not true. It is primary market transaction.

Statement B is not true. Individuals can also participate in derivatives market transactions.

Statement C is not true. The IPO market is a subset of the primary market.

Statement D is not true. It is a direct transfer of capital.

4 0

4 years ago

Burger King launched a new menu item called the Impossible Whopper, a burger made with a plant-based, protein-filled patty. Burg

nordsb [41]

The Impossible Whopper is classified as an additions to existing product line according to the chapter's categories of new products.

Usually, when a company adds a new product which solidifies its area of product offerings, then, such action is called an "additions to existing product lines".

The additions to existing product line are also called Product line extensions.

For the question, we can see that Burger King already had a product line. He now launched a new menu item called the Impossible Whooper.

Therefore, in conclusion, the launch of the Impossible Whooper will be classified as an additions to existing product line.

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3 years ago

Assume that no correcting entries were made at 12/31/14, or 12/31/15. Ignoring income taxes, by how much will retained earnings

joja [24]

Use the following information for questions 55 and 56.

Armstrong Inc. is a calendar-year corporation. Its financial statements for the years ended 12/31/14 and 12/31/15 contained the following errors:

2014 2015

Ending inventory $25,000 overstatement $40,000 understatement

Depreciation expense 10,000 understatement 20,000 overstatement

Answer:

By $50,000 retained earnings at 12/31/15 is understated

Option c, $50,000 understatement

Explanation:

Given:

Ending inventory $25,000 overstatement $40,000 understatement

Depreciation expense 10,000 understatement 20,000 overstatement

To find:

The retained earnings amount to be overstated or understated at 12/31/15

When an amount is understated, it depicts the following two things,

The amount is not the correct amount
The amount is less than the true amount

Here, the reatianed earnings amount can be evaluated by the following step,

$\$40,000 + \$10,000 = \$50,000 \text{ understatement }$

So, it can be finalised that the retained earnings of $50,000 is understated.

3 0

3 years ago