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AlexFokin [52]
3 years ago
6

Nora contracts to work for ABC Investments during June for $2,500. On May 31, ABC cancels the contract. Nora refuses to accept a

similar job with first State Bank, which would pay $2,000. Nora files a suit against ABC. As compensatory damages, Nora can recover:________.
a. $2500
b. $2000
c. $500
d. nothing
Business
1 answer:
kap26 [50]3 years ago
6 0

Answer:

c. $500

Explanation:

A contract is an agreement by two or more parties to perform a.certain activity within a given time.

When contract are breached, the beneficiary has the right to gain back the amount promised.

If the beneficiary can get another option, the other party is obligated to pay the balance.

On this instance Nora had the chance to get a new job at $2,000 salary the balance is $2,500 - $2,000= $500. Since she rejected the job she is responsible for that loss.

However ABC is still liable to pay the balance of $500

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The balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $1,100 and $475, respect
Hitman42 [59]

Answer:

$575

Explanation:

Given that,

Opening office supplies = $1,100

Closing office supplies = $475

Office supplies expense for the month = $1,200

Opening stock + Purchases - Closing stock = Consumption

$1,100 + Purchases - $475 = $1,200

$625 + Purchases = $1,200

Purchases = $1,200 - $625

                  = $575

Therefore, the amount of office supplies was purchased during February is $575.

7 0
2 years ago
Service companies and notminusforminusprofit organizations​ ________. A. can use CVP by focusing on measuring the​ organization'
frutty [35]

Answer:

A. can use CVP by focusing on measuring the​ organization's output

Explanation:

Service companies and not-for-profit organizations​ can use CVP by focusing on measuring the​ organization's output.

Cost Volume Profit Analysis bothers on the profitability of company's output, whether it be a product manufacturing company or a service-rendering company.

In the case of a service company, Cost Volume Profit will be computed as: Profit = Service Price - Cost to provide service.

4 0
2 years ago
Read 2 more answers
Assume that while the budget balance in Conania changes from positive to negative, capital inflow in Conania also decreases. How
Aleks [24]

Answer and Explanation:

In the case when the budget balance of the Conania varies i.e. from positive to negative so the capital inflow would decrease

Now this impact private investment spending in such a way that the situation would become worst and this would lead a serious crowding effect that ultimately reduce the economy

Hence, the same is relevant

4 0
2 years ago
Scenario
aalyn [17]

Answer:

GBI

a. Journal Entries

Feb. 2

Debit Supplies Expense $800

Credit Payables-Misc. account $800

To record the purchase of supplies on account.

Feb. 4

Debit Accounts Payable $800

Credit CAsh $800

To record the payment on account.

b. The resulting document numbers are:

FI document number 1: __________ 100001

FI document number 2: __________ 100002

Explanation:

The journal entries are made to initially record the transactions in the books of GBI.  Journal entries identify the accounts involved in every transaction.  They add some brief narrations of the transaction.

4 0
3 years ago
What is the difference between a co-payment and co-insurance?
nikdorinn [45]

Answer: b. A co-payment is a flat fee for each service, and co-insurance is based on a percentage of the

costs incurred.

Explanation: i got it right on edge 2020

4 0
2 years ago
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