1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laiz [17]
2 years ago
8

In order to qualify as substantial performance, the party who fails to perform perfectly must perform . failure to comply with t

he contract terms is a of the contract. the performance must not vary greatly from the promised performance: an omission, variance or defect in performance is considered if it can be by compensation. finally, the performance must create substantially the same as those promised in the contract.
Business
1 answer:
ValentinkaMS [17]2 years ago
4 0

Answer:

After observing the question, there are blank spaces to fill in the question. These blank spaces are to be filled with the right answers. Since it was not shown in the question, I will write out the question again and appropriately add the answers for proper understanding. I hope it helps.

In order to qualify as substantial performance, the party who fails to perform perfectly must perform <u>in good faith</u>. <u>Intentional</u> failure to comply with the contract terms is a <u>breach</u> of the contract. The performance must not vary greatly from the promised performance: an omission, variance or defect in performance is considered <u>minor</u> if it can be <u>remedied</u> by compensation. finally, the performance must create substantially the same <u>benefits</u> as those promised in the contract.

You might be interested in
Anka Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. An
katovenus [111]

Answer:

C. LIFO liquidation

Explanation:

Benson Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. In its footnotes, Benson Company is required to report the amount at which inventories would have been reported under FIFO method.

The difference between these two numbers is commonly referred to as LIFO Reserve.

LIFO reserve represents the difference in ending inventory using LIFO and ending inventory if FIFO were employed instead.

Third option is the correct option.

LIFO reserve = FIFO inventory cost - LIFO inventory cost

FIFO inventory cost = LIFO inventory cost + LIFO reserve

4 0
3 years ago
The race to the bottom scenario of global environmental degradation is explained roughly like this:
DIA [1.3K]

Answer:

A. Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits.

D. self-sufficiency argument.

Explanation:

In the case when there is a race to the bottom scenario so it would be described that the multinational companies that are profit seeking is shifting their production from that countries who have the strong environmental standards to the weak standard countries so that the order would be decreased due to this the profit would increase

In the other case, when the nation is not too much depend on other countries for supplies so this case we called as self-sufficiency argument as they managed themselves rather depending on another

6 0
2 years ago
Read 2 more answers
What part of the microcomputer is considered the "brain" that follows the instructions sent to it by software running on the com
WARRIOR [948]
The CPU is sometimes considered the "brain" of the computer
4 0
3 years ago
Newhard Company assigns overhead cost to jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 313 includes
Nina [5.8K]

Answer:a.Total manufacturing costs for Job 313 =$52,500

Unit Product Cost for Job 313=$30

Explanation:

Total manufacturing costs=Direct materials+Direct labor costs+Overhead costs

But Overhead cost =115% of direct labor cost

= 115% x $10,600

=$12,190

Total manufacturing costs =$29,710 + $10,600+$12,190

=$52,500

Unit Product Cost=Total Manufacturing costs/ Total Number of Units Produced =$52,500 /1,750 units

=$30

8 0
2 years ago
A company has a retention rate of 50%, sales of $25,000, beginning equity of $50,000 and profit margins of 10%, an asset turnove
Degger [83]

Answer:

Sustainable Growth Rate: 2.5%

Explanation:

Sustainable growth rate is calculated by multiplying return on equity with retention ratio.

Logic behind above is that whatever portion of net profit is retained by the Company, is used in the Company's operations, which earns certain percentage of equity known as return on equity. By multiplying both return on equity with retention ratio, we assume that the practice will continue for foreseeable future and the Company will continue to grow at the calculated growth rate.

Growth rate = Retention ratio * return on equity

Retention ratio = 50%

Return on equity = Net profit available for distribution / Opening equity

Return on Equity = (25,000 * 10%) / 50,000

Return on Equity = 5%

Growth Rate = 5% * 50%

Growth Rate = 2.5%

5 0
2 years ago
Other questions:
  • In 2005, Anthara Inc. acquired Sathya Inc. for $1,200 million when the fair value of net assets (assets minus liabilities) of Sa
    10·1 answer
  • Marigold Corp. has 493000 shares of $10 par value common stock outstanding. During the year Marigold declared a 14% stock divide
    7·1 answer
  • Jonathan is the CEO of a cell phone manufacturing company. At the company's Annual General Meeting, he made an announcement to t
    9·1 answer
  • The Art of Getting the greatest benefits from limited Financial Resources is called
    7·2 answers
  • In planning their wedding, a couple creates a website that will allow friends and relatives to donate money to their honeymoon e
    7·1 answer
  • You have just signed a contract to purchase your dream house. The price is $140,000 and you have applied for a $110,000, 30-year
    6·1 answer
  • A European dairy that is famous for its rich ice creams has introduced basil-, tomato-, fennel-, and oregano-flavored ice creams
    8·2 answers
  • A year ago, Kevin went to work for B&amp;G, Inc. He has worked for the finance department ever since he started. He noticed that
    14·1 answer
  • Airline passengers who fly on aircraft benefit from the specialization and trade that occurs between plane manufacturers since a
    7·1 answer
  • ________ is a term for men who are keenly interested in fashion, home design, gourmet cooking, and personal care.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!