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LekaFEV [45]
3 years ago
8

a) While excavating, the Contractor hits a rock layer. Since the plans and soil report did not mention such rock, the contractor

files a claim under: i. Force majeure. ii. Differing site conditions. iii. Design errors/omissions. iv. Unusual weather conditions. v. Changes in owner’s requirements.
Business
1 answer:
chubhunter [2.5K]3 years ago
3 0

Answer:

Differing site conditions

Explanation:

A differing site condition is a condition that has been changed. Since the plan did not mention this rock, the contractor can file a claim under this.

It is a hidden physical condition that is discovered at a site which is actually different from what was expected. It can also be regarded as unforeseen site condition.

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A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $40,000 cash. The amount of the loss relat
sladkih [1.3K]

Answer: About $50,000

Explanation:

6 0
3 years ago
In 2018, X Company sold 6,800 units of its only product for $36.10 each. Unit costs were as follows: Variable manufacturing $14.
Eddi Din [679]

Answer The correct answer is 8.317 units

Explanation:

Firstly, calculate the Total fixed costs= ($2.35+$2.63)*6800= $33.864 Fixed Manufacturing and Selling cost

Secondly, calculate the earnings before taxes 63.000/(1-tax rate) = 63.000(/1-0.39)= 103.278.69

Then, Calculate the Revenue less fixed cost  103.278.69+33.864=137.142,68

Then calculate the Variable margin that is equal to ( Price of sales per unit – Variable manufacturing – Variable selling) = (36.10-14.50-5.11)= 16.49

Finally divide the revenue less fixed cost on the variable margin (137.142,68/16.49) = 8316.72

                                     Units                        Price    Total

Revenue                             8,316.72                    36.10      300,233.54  

Fixed Manufacturing                                                  (15,980.00)

Variable manufacturing    8,316.72                    14.50      (120,592.42)

Fixed Selling                                                                    (17,884.00)

Variable Selling                 8,316.72                      5.11         (42,498.43)

Net Revenue                                                                     103,278.69  

Tax rate                                                                39%        (40,278.69)

Total                                                                            63,000.00  

7 0
3 years ago
Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce
Yuliya22 [10]

Answer:

A. $125

(Supplies + Electricity)

B. $10,300

(Salary lost + Rent amount lost)

C. $10,425

(Add them together)

4 0
3 years ago
Chou Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $30
Scrat [10]

Answer:

15.64%

Explanation:

Return on Assets = \frac{Net Income}{Average Total Assets}

= \frac{43,000}{(250,000 + 300,000)/2}  = \frac{43,000}{275,000}

= 0.1564

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7 0
3 years ago
A large software manufacturer attempts to lock in customers by making it difficult for them to substitute their software with on
SSSSS [86.1K]

Answer:

D. Switching cost strategy

Explanation:

The software manufacturer has incorporated the use of switching cost strategy by making it difficult for customers to substitute their software product for another.

Switching costs: it is also known as switching barrier. This is a the cost incurred by the customer as a result of changing brands, product, services or suppliers.

The higher the cost of switching; the lesser a customer would be willing to switch between brands, the lower the switching cost; the higher the customer would be willing to switch between brands.

Switching cost includes:

• Psychological cost: This is the cost of a customer deciding whether the new product or services would be better than the old product

• Effort-based cost: This refers to the effort a customer will put in while switching brands such as the paperwork involved.

• Time cost: The amount of time used while a customer is switching product

Strategies used by firms to discourage its customers from switching

1. Charging a high cancellation fee for service cancellations.

2. Adopting a lengthy cancellation process for service cancellations.

3. Requiring significant paperwork for service cancellations.

5 0
3 years ago
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