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d1i1m1o1n [39]
3 years ago
9

Shawn and Harry signed a contract for Shawn to build a house for Harry according to the specifications provided by Harry. The co

ntract stated that Shawn would be paid $125,000. Shawn unintentionally deviated from the specifications in several minor respects. The house was soundly constructed, and Shawn completed the work within the promised time. Harry refused to pay Shawn any of the $125,000, arguing that the house did not conform to the specifications. In this case,
A) Harry will get a decree of specific performance.
B) Shawn has no right to be paid for any of his work because he breached the contract.
C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.
D) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused to him because of the delay in payment.
Business
1 answer:
Nostrana [21]3 years ago
4 0

Answer:

C) if the court finds that Shawn has substantially performed, he will be able to recover the contract price less any damages caused by his failure to perform as promised.

Explanation:

From the question Harry signed a contract with Shawn to build a house. Harry made some specification to build the house. But Shawn did not follow the specifications now Harry doesn't want to pay him the contract amount.

Under doctrine of specific performance, Harry can pay less money than the contract price. Because Shawn has performed substantially, he is not entitled to receive the contract price as agreed.

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The financial statements of the Pharoah Company report net sales of $372000 and accounts receivable of $56400 and $27600 at the
snow_lady [41]

Answer:

the average collection period for accounts receivables is 41.2 days

Explanation:

Average Collection Period measures the amount of time it takes to collect credit from accounts owing.

Average Collection Period = Average Accounts Receivables / (Sales/365)

                                            =(($27600+ $56400)/2) / ( $372000/365)

                                            = $42,000/1019.178082

                                            = 41.20967742

                                            = 41.2 days

                             

8 0
3 years ago
Read 2 more answers
Rosalie is a rather easy-going kind of woman. she works hard when she's at the office, but she refuses to do more than 40 hours
seropon [69]
<span>By the above mention condition we can conclude that Rosalie has a Type B personality. Some of the character traits involved in Type B are being flexible, emotional and expressive, relaxed and have a laid-back attitude. This Type B personality can help decrease the risk of heart disease.</span>
3 0
2 years ago
Luxury Dwellings Inc. is a condominium-building company that is based in the country of Veritas. It sells high-priced homes to c
adelina 88 [10]

Answer:

International.

Explanation:

International strategy is the process of increasing involvement of enterprises in international markets. More specifically, internationalisation comprises the planning and implementation of specific products and services that can easily be adapted to foreign markets and cultures.

Why is it important to look abroad?

•  Desire to grow

•  Increase in performance and recognition

•  Unsolicited foreign orders

•  Domestic market saturation or limitations The crisis presents challenges at home, but also opportunities abroad

•  Potential to exploit a new technological advantage

•  Different geographies have different needs and complement each other in presenting a wide range of gaps and opportunities to build market presences.

6 0
3 years ago
Owens Corning has total assets of $800,000, long-term debt of $240,000, stockholders' equity of $350,000, and current liabilitie
Artyom0805 [142]

Answer:

$50,800

Explanation:

Increase in assets = Current Assets * Percentage change in sales = $800,000 * 20% = $160,000

Increase in current liabilities = Current liabilities * Percentage change in sales = $210,000 * 20% = $42,000

Increase in retaned earning = Increased sales*Profit Margin*Retention ratio = $1,000,000*120%*8%*(1-0.30) = $67,200

External financing need = Increase in Assets - Increase in liabilities - Increase in retained earning

External financing need = $160,000 - $42,000 - $67,200

External financing need = $50,800

5 0
2 years ago
A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. I
slavikrds [6]

Answer:

value of the firm = 21.20 million

value of the firm =  20.80 million

Explanation:

given data

current profits = $400,000

annual rate = 4 percent

opportunity cost = 6 percent

solution

we get here value of the firm before pays out current profits as dividend is express as

value of the firm = current profits ( 1+opportunity cost  ) ÷ ( opportunity cost - annual rate ) ................1

put here value

value of the firm = \frac{400000*(1+0.06)}{0.06-0.04}  

value of the firm = 21.20 million

and

value of the firm after pays is

value of the firm = current profits ( 1+annual rate  ) ÷ ( opportunity cost - annual rate ) ................2

value of the firm =  \frac{400000*(1+0.04)}{0.06-0.04}  

value of the firm =  20.80 million

5 0
3 years ago
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