The appropriate term for the agreement for Stewart to pay the loan of $50,000 for each day that he was late in completing the project is liquidated damages clause. A liquidated damages clause specifies<span> the amount of money that must be paid due to the failure to perform the project which is based on the contract.</span>
Answer:
the answer would be B
Explanation:
I took the test don't worry!
Answer:
Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.
You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.
The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.
Explanation:
Answer:
d. Fixed Costs/(Price – Marginal Costs)
Explanation:
The break-even quantity is the number of units produced and sold at which net income is zero. it is the point at which revenues equals cost.
Break even quantity = Fixed Costs/(Price – Marginal Costs)
or Fixed cost / contribution margin
The difference between the total value of assets and the total value of liabilities is equity. Also known as common equity and owners equity.
Assets represent valuable resources that your company manages. Liabilities represent the company's obligations, while both debt and equity represent how the company's assets are financed.
The sum of the difference between assets and liabilities is equity, which is the remaining net ownership of the company by the owners.
In its simplest form, a balance sheet can be divided into two categories: assets and liabilities. assets are items owned by a company that can provide future economic benefits. A liability is something you owe to another party.
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