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kumpel [21]
3 years ago
15

Lauren Barton, a single mother with three children, lived in Portland, Oregon. Cynthia VanHorn also lived in Oregon until she mo

ved to New York City to open and operate an art gallery. VanHorn asked Barton to manage the gallery under a one-year contract for an annual salary of $72,000. To begin work, Barton relocated to New York. As part of the move, Barton transferred custody of her children to her husband, who lived in London, England. In accepting the job, Barton also forfeited her husband’s alimony and child-support payments, including unpaid amounts of nearly $30,000. Before Barton started work, VanHorn repudiated the contract. Unable to find employment for more than an annual salary Miller, Roger LeRoy. Cengage Advantage Books: Business Law Today, The Essentials: Text and Summarized Cases (p. 291). Cengage Learning. Kindle Edition.
Business
1 answer:
AleksandrR [38]3 years ago
6 0

The cengage learning for the mitigation is the difference between the agreed upon $72000 less what was earned from  the $25000 position that barton managed to obtain

<u>Explanation</u>:

Mitigation of damages:

In the case of barton v. vanhorn a court would consider barton's attempts at findings similar employment a reasonable step in mitigating her damages.

Under the doctrine of damage mitigation, a wrongfully terminated employee must look for other compartable employment, and subtract whatever you make from that job from what you request in damages.

Damages in the case would be the difference between the agreed upon $72000 less what was earned from  the $25000 position that barton managed to obtain.

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Crane Company sells 50000 units for $10 a unit. Fixed costs are $350000 and net income is $100000. What should be reported as va
koban [17]

Answer:

Variable expenses = $50,000

Explanation:

Given:

Sales price = 50,000 x $10 = $500,000

Fixed costs = $350,000

Net income = $100,000

Find:

Variable expenses

Computation:

Variable expenses = Sales price - Fixed costs - Net income

Variable expenses = $500,000 - $350,000 - $100,000

Variable expenses = $50,000

5 0
3 years ago
Which of the following statements is NOT CORRECT? a. Free cash flows are assumed to grow at a constant rate beyond a specified d
Sveta_85 [38]

Answer:

the free cash flow valuation model can be used to find the value of a division

3 0
3 years ago
Why might you want to use an encoder to convert a WAV file to an MP3 file ?
Alona [7]
Mp3 files are more easily assessed and used by the public, making it a more viable option for files which you intend to share. 
8 0
3 years ago
Billy Bob runs a seafood restaurant. Last year, he earned $70000 in revenue. He had explicit costs of $15000. Billy Bob could ha
olganol [36]

Answer:

Accounting profit= $55,000

Explanation:

Giving the following information:

Last year, he earned $70000 in revenue. He had explicit costs of $15000.

<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>

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6 0
3 years ago
Qu. 10-150 (Algo) Majer Corporation makes a product with ... Majer Corporation makes a product with the following standard costs
Galina-37 [17]

Answer:

Direct material quantity variance= $10,000 favorable

Explanation:

Giving the following information:

Standard Direct materials 6.4 ounces $ 2.00 per ounce.

Actual output 6,000 units

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<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (6.4*6,000 - 33,400)*2

Direct material quantity variance= (38,400 - 33,400)*2

Direct material quantity variance= $10,000 favorable

3 0
3 years ago
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