Answer:
The correct answer is letter "B": thirty days.
Explanation:
Anticipatory Breach or Repudiation is the notification one party in a contract lets the other party know that the obligations stipulated in the initial agreement will not be met.
According to the rules if the Uniform Commercial Code (UCC), if one of the parties has good enough reasons to believe that the other party is not going to fulfill its obligations in a contract, that party can request an "<em>adequate assurance of performance</em>". If the request is not answered after 30 days, the requesting party can assume the counterparty has repudiated the contract, thus, the requesting party can look for another provider to make a new agreement.
Answer:
Production June= 288,000 units
Explanation:
Giving the following information:
Desired ending inventory= 30% of next month's sale.
Beginning inventory= 85,500 units
Sales:
June= 285,000 units
July= 295,000 units
To calculate the production required for June, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 285,000 + (295,000*0.3) - 85,500
Production= 288,000 units
Answer: Be split between Duke and the law firm, but how it will be split cannot be determined without more information.
Explanation: The law firm would have entered into a certain type of contract when signing Duke. Therefore the contract terms would determine how he is paid and also the bonus he would tend to get in times of outstanding performances from Duke the employee.
It's only when the contract terms is known that we can able to determine how much Duke would take home in a situation of an excess profit.
Answer:
Demand for automobile workers will fall.
Explanation:
Companies are always looking for ways to reduce costs in the production profits, in order to raise revenue and profit.
Workers are form of factor of production known as labor, while machines, which make automation posssible, are another form of factor of production, known as capital.
If employing machines to automate the production process becomes cheaper than hiring workers, then, the firm will use more machines and hire less workers. This is simply because using machines is cheaper, and will likely raise profits.
An economy that is neither growing nor shrinking is usually said to be in a period of stagnation.
