1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
brilliants [131]
3 years ago
15

Suppose a construction company enters into a contract to build a warehouse for the hypothetical Vincent Corporation with a contr

act price of $700,000, and the cost of raw materials and labor is $400,000. How much could the construction company recover in lost profits if the Vincent Corporation were to breach the contract before performance had begun
Business
1 answer:
Romashka [77]3 years ago
7 0

Answer:

$300,000

Explanation:

A contract is formed between different parties when there is an offer and acceptance of terms in performance of a job.

In construction contracts where a construction company enters a contract to build a warehouse for Vincent Corporation. The amount they will lost profits depends on which party is breaching the contract and at which project stage it happens.

In this case the contract was breached by the owner before project began. Damages/lost profits are project price less project cost.

Lost profit= 700,000 - 400,000= $300,000

You might be interested in
when a manufacturer sells its products directly to consumers, it engages in which two supply-chain activities?
fiasKO [112]

Based on components of Supply Chain Management, when a manufacturer sells its products directly to consumers, it engages in <u>Source</u> and <u>Delivers</u> supply-chain activities.

This is because Supply Chain activities is divided into five components.

The Source component is how firms or companies look for buyers, vendors, or consumers to buy their products directly.

Also, the Deliver component is by which the company delivers the products purchased by vendors, buyers, or consumers directly to them without intermediaries.

Other components of Supply Chain activities include the following:

  • Plan;
  • Make;
  • Return

Hence, in this case, it is concluded that the correct answer is <u>Source</u> and <u>Deliver</u>.

Learn more here: brainly.com/question/18793688

8 0
2 years ago
in a based economy transaction require that each party have something the other desires increase market
Galina-37 [17]

Answer:

The ansewr is a barter based economy.

In a barter based economy, goods are exchanged for other goods, because no good that takes the functions of money exists (unit of account, store of value, and medium of exchange).

Barter economies can work on a limited scope, but to a larger extent, they can become inefficient, because this type of economy requires a double coincidence of wants: both parties of the transaction must desire the other party's goods.

6 0
3 years ago
A grain elevator operator bought a futures contract for 5,000 kilograms of rice at $1.50 per kilogram. The initial margin is $4,
Inessa05 [86]

Answer:

Given that,

Operator bought a futures contract = 5,000 kilograms of rice at $1.50 per kilogram

Initial margin = $4,000

Maintenance margin = $2,000

(a)

(i) Balance of Margin = Initial margin - maintenance margin

                                  = $4,000 - $2,000

                                  = $2,000 (loss)

(ii) Change in price = \frac{2,000}{5,000}

                               = $0.40

(b) Price per kilogram = Current price - Change in Price

                                     = $1.50 - $0.40

                                     = $1.10

So, change price per kg is $1.10

(c) Balance of Margin = Initial margin - maintenance margin

                                  = $4,000 + $2,000

                                  = $6,000 (loss)

Change in price = \frac{2,000}{5,000}

                               = $0.40

(d) Price per kg = Current price - change in price

                          = $1.50 + $0.40

                          = $1.90

3 0
3 years ago
According to the text, thinking about your "academic anatomy" preference is a way to:
Mila [183]
Here is the answer that best completes the statement above. According to the given text, when you are thinking about your "academic anatomy", this preference is a way to get a handle on what you feel satisfying and fulfilling. Hope this helps.
3 0
3 years ago
Асу
eduard
B- interior designer !!! Being able to design is an import part in showing off your creative side :) hope this helps
7 0
3 years ago
Other questions:
  • The purpose of this assignment is the creation of a research analysis. every day, consumers make millions of decisions that impa
    10·1 answer
  • What transactions that are include in sales and sales return journal?
    5·1 answer
  • Susan is having a bakery in the heart of the city and supplies special type of cheese cookies to all the retail outlets based on
    7·1 answer
  • Suppose that each firm in a competitive industry has the following costs: Total Cost: TC=50+1/2q^2 Marginal Cost: MC=q where q i
    10·1 answer
  • Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f
    13·1 answer
  • Accounts payable is​ a: A. current liability. B. current asset. C. longminusterm liability. D. longminusterm asset.
    10·1 answer
  • Jim and Allison both scored in the bottom 20% of IQ tests; however, Jim went on to complete a 4-year college degree, whereas Ali
    11·1 answer
  • PLEASE HELP ME!!
    13·1 answer
  • businesses, especially e-businesses, often collect data about their customers, the individuals and organizations with which they
    10·1 answer
  • How to get power of attorney for someone who is incapacitated
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!