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Alex777 [14]
3 years ago
12

Martha entered into a contract with Terry, an art dealer. According to the contract, Terry was to supply 18 th century artifacts

to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha. In this case, the court may order Terry to:
Business
1 answer:
Arisa [49]3 years ago
3 0

Answer:

Specifically perform the contract

Explanation:

When a contract is made and one of the parties does not perform his own part. During a dispute the court will first ask the erring party to perform their duties in the contract.

In this scenario Terry was to supply 18 th century artifacts to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha.

Terry has breached his contract with Martha, and will now be compelled to sell the painting to Martha at $50,000.

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Answer:

d. $13.00

Explanation:

contributon margin = selling price - variable cost

sales price: $25 per unit

<u>list of variable cost:</u>

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Direct labor                     2.80

variable overhead           1.45

sales commisions            1.00

adminsitrative variable<u>   0.55  </u>

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$25 selling price per unit - $12 variable cost per unit =

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This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.

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