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laiz [17]
3 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]3 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.

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Suppose your company reports $210 of net income and $50 of cash dividends paid, and its comparative balance sheet indicates the
topjm [15]

Answer:

The Operating Activities Section of the Statement of Cash Flows, using the indirect method:

Net Income                                $210

Changes in working capital:

Accounts Receivable                 -100

Inventory                                      110

Salaries & Wages Payable           80

Net cash flow from operating $300

Explanation:

In preparing the operating activities section of the Statement of Cash Flows, two methods are used.  The direct method and the indirect method.

The indirect method starts with the net income as the base and converts the income into cash flow through the use of adjustments.  The net income is first adjusted with non-cash items (such as depreciation expense) as well as non-operating gains and losses.  The direct method only takes the operating cash transactions into account to produce the cash flow from operations.  However, it is required that the direct method must provide a reconciliation of net income to the net cash provided by operations.

4 0
3 years ago
New york city, london, and tokyo are examples of ______ financial centers because of their fiscal transparency and strict tax po
jenyasd209 [6]

New York City, London, and Tokyo are examples of on-shore financial centers because of their fiscal transparency and strict tax policies.

What is the meaning of financial center?

A financial hub, often referred to as a financial center by the International Monetary Fund (IMF), is a city or region that serves as the headquarters for numerous different financial services organizations. With the use of the metaphorical term "hub," the financial services sector is compared to a wheel with a hub and spokes.

Which city is the financial centre of the world?

With the NASDAQ and the New York Stock Exchange, the two biggest stock exchanges in the world, New York is once again in the lead. London comes in second, bruised but unfazed by the aftershocks of Brexit. In the most recent rankings, Shanghai passed Tokyo to take third place worldwide.

Learn more about financial center: brainly.com/question/2338104

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4 0
2 years ago
Depreciation: Is the process of allocating to expense the cost of a plant asset. Measures the decline in market value of an asse
Bess [88]

Answer:

A. Is the process of allocating to expense the cost of a plant asset.

Explanation:

Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.

Depreciation is the process of allocating to expense the cost of a plant asset.

7 0
3 years ago
Questions are in the picture. Thanks!
Bogdan [553]

Answer:

i dont know i need points

7 0
2 years ago
A recently launched line of baby clothing is gaining popularity among a large mass of the population. In which stage of fashion
svet-max [94.6K]
C. Rise stage
Because if it’s gaining popularity then it’s on the rise to being popular
8 0
3 years ago
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