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Julli [10]
3 years ago
5

Max and Lew have entered into a contract for Lew to paint Max’s house. The contract specifically states that the job was to be c

ompleted by August 25. Lew completes the job on August 26. Max has suffered no loss due to the delay. The job was otherwise done exactly to all contract requirements and specifications. If Max sues Lew for breach of contract due to the missed completion date and if the courts were to award damages, what type of damages would most likely be awarded? Multiple Choice punitive damages consequential damages restitution nominal damages
Business
1 answer:
mars1129 [50]3 years ago
3 0

Answer:

The correct answer is letter "D": nominal damages.

Explanation:

Nominal damages are granted as monetary rewards when a legal fault takes place but there has not been substantial damage because of it. It is said that the fact of granting the fault represents more of a moral act. Usually, if awarded, the plaintiff may receive $1 or $2.

In the case, as Max suffered no loss because of Lew's delay while painting his house, if he decides to sue him he will be awarded nominal damage for the contract breach.

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Which of the following values should be inserted to correctly balance the ledger shown below?
vredina [299]
In order to figure out this you would take the original balance
$120.70 and add the paycheck $343.52
from there you would then minus the City payment of $53.90 and minus the internet payment of $86.40
This would leave you with $323.96
Hope This helps :)
8 0
3 years ago
Which group of people ultimately determines the products that a command economy produces?.
Andre45 [30]

The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.

<h3>Who controls the economic system in a command economic system?</h3>

Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.

Learn more about command economy here brainly.com/question/26262298

#SPJ10

4 0
2 years ago
Read 2 more answers
Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers is, $73,000 per year. A
Ilia_Sergeevich [38]

Answer:

$58,149

Explanation:

Calculation to determine the present worth of the savings

First step is to calculate for Present worth before

Present worth before= 73,000(P/A,10%,5)

Present worth before= 73,000(3.7908)

Present worth before= $276,728

Second step is to calculate for Present worth after

Present worth after= 16,000 + 58,000(P/F,10%,1) + 52,000(P/A,10%,4)(P/F,10%,1)

Present worth after= 16,000 + 58,000(0.9091) + 52,000(3.1699)(0.9091)

Present worth after=16,000+52,728+149,851

Present worth after= $218,579

Last step is to calculate for Present worth of savings using this formula

Present worth of savings=Present worth before-Present worth after

Let plug in the formula

Present worth of savings = 276,728–218,579

Present worth of savings= $58,149

Therefore the present worth of the savings will be $58,149

3 0
3 years ago
The cost at which a company records purchases of machinery and equipment should include which of the following?
Tasya [4]

The cost at which a company records purchases of machinery and equipment should include all the under listed:

  • Operating costs
  • Purchase price
  • Installation.
  • Shipping fees
  • Taxes

<h3>What is acquisition cost?</h3>

Acquisition cost refers to all the cost associated with the purchase of an asset.  When calculating how a company records purchases of machinery and equipment, it should be the all inclusive cost of the equipment.

The cost acquisition cost should include :

  • All transportation cost
  • Installation cost
  • Site preparation
  • Sales or other taxes and testing costs prior to placing the equipment into production.

Learn more about acquisition cost here : brainly.com/question/25899244

7 0
2 years ago
A C corporation earns $4.50 per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, an
sladkih [1.3K]

Answer:

B) $1.98  

Explanation:

Corporate tax = $4.50×35%

                       = $1.575

Personal tax = $2.00×20%

                     = $0.40.

Total amount of taxes = Corporate tax + Personal tax

                                     = $1.575 + $0.40

                                     = $1.98

Therefore, The total amount of taxes paid if the company pays a $2.00 dividend is $1.98

6 0
3 years ago
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