Answer:
$76,050
Explanation:
Given that,
cash price = $60,700
assumed accrued taxes = $5,260
attorney’s fees = $2,170
real estate broker’s commission = $3,310
clearing and grading = $4,610
Cost of the land:
= cash price + assumed accrued taxes + attorney’s fees + real estate broker’s commission + clearing and grading
= $60,700 + $5,260 + $2,170 + $3,310 + $4,610
= $76,050
Answer:
Her expectation that all her employees would adhere to the laws applicable to the business
Explanation:
By adhering to the laws applicable to her business, and expecting that her employees would follow suit, helped to protect the business from the liability related to breaching laws. Moreover, operating within the legal requirements serves as the first step towards operating as an ethical firm.
B seems like the most reasonable
Answer:
C) performance of the contract is commercially impracticable.
Explanation:
Contract law contemplates certain situations where performing the contract is either difficult or impossible and therefore the party is not liable for breaching the contract.
Commercial impracticability applies to contracts where the performance of at least one party is impracticable and cannot be accomplished.
In this case, Quinn cannot perform his duty since the price of scrap steel increased beyond any reasonable price contemplated in the contract. Since Quinn is not responsible for setting the price of scrap steel, he is not liable for breaching the contract.
Answer:
$34,000 Units
Step by Step Explanation:
Direct Material Quantity Variance
= SP x (AQ – SQ Allowed)
Therefore:
SQ allowed: $56,000 units x 4 lbs = $224,000 lbs.
Direct Material Quantity Variance: $8.50 x ($228,000 lbs – $224,000 lbs) = $34,000 Units
The direct material quality variance is $34,000 Units
