Answer:
Inferior performance is when a party fails to perform certain express or implied obligations, which impairs or destroys the essence of the contract.
Explanation:
A contract is an agreement expressed in writing or spoken statement between two or more parties that is intended to be enforceable. The contract by the parties usually involves the agreement by one party to provide a service or good in exchange for some compensation. A contract is recognized by law and therefor should be taken seriously, however there are cases when conflict arises due to performance issues on the part of a particular party. The performance issues are;
1. Complete performance
It is also known as strict performance and involves when a party to a contract renders the service exactly as agreed in the contract. The party that the service is rendered to is always satisfied in a complete performance situation.
2. Substantial performance
In this case, a party to the contract has delivered almost complete performance as stipulated by the contract. A substantial performance usually involves a minor breach that can be overlooked.
3. Inferior performance
An inferior performance is an outright breach to the express and implied contractual obligations. This type of performance destroys the very essence of the contract. This usually comes with legal implications to the party whose performance is inferior.
Answer: Ft means FaceTime.
Explanation: It makes me write at least 20 words so I have to ramble on. But if she asks to Ft she’s asking to FaceTime. Aka video call
Answer: .(i) nominal variables, but not real variables
Explanation:
According to classical macroeconomic theory, changes in the money supply affect the nominal variables but the real variable are not affected.
According to the classical macroeconomic theory, it us believed that an increase in money supply will result into a rise in the availability of money in the market, thereby increasing consumers spending which will also lead to a rise in aggregate demand which in turn, causes inflation.
Thereby the nominal variables will be changed.
Answer:
b. $210000.
Explanation:
Calculation for Net cash provided by operating activities in 2022
Using this formula
Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal
Let plug in the formula
Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000
Net cash = $210,000
Therefore the Net cash provided by operating activities in 2022 will be $210,000
Answer:
A
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
Because there is only one firm in the monopoly industry, a monopoly's demand curve is the industry's demand curve
