Answer:
Certainly, they cannot prevail. The contract terms stated clearly that "time is of the essence of this contract." The Bassos and Miceli and Slonim Development Corp did not actually respect this contract term.
The contract was expected to have closed at 10:00 am on May 16, 1988, and not after. By the time that Dierberg left the venue, the contract should have been finalized. Alternatively, if there were unseen delays, Dierberg should have been informed at least 30 minutes before 10:00 am.
Explanation:
The argument by Miceli and Slonim does not hold water. The contract did require closing exactly at 10:00 AM, and not some time on May 16. In my considered opinion, suing Dierberg is a waste of court time and process.
Answer:
$368
Explanation:
Bad debts also known as uncollectible expenses are the portion of the accounts receivable in accrual accounting that have to be written off as they are eventually not paid by the accounts receivable.
One of the ways of estimating bad debt is allowance method , which is expressing a bad expenses as a percentage of credit sales based on experience and past records.
Days past due balance % uncollectible
Current 11,000 1% 110
30-60 days 2,400 3% 72
61-90 days 1,700 6% 102
Over 90 days 840 10% 84
Total 368
Bad debt expenses to be recognized is $368
'Paid Product Placement' or 'Paid Advertising'
Answer:
4
Explanation:
According to economic growth theories , economic growth can occur as a result of :
1. increase in labour
2. technological advancement
3. growth in physical theories
Answer:
The correct answers are letters "A", "B", "C", and "D": The size of the labor force; the amount of available natural resources; the inflation rate; and the level of technological knowledge and entrepreneurship.
Explanation:
Aggregate Supply is the total supply of goods and services an economy produces in a given period. It is the amount of goods companies plan to sell at a given price level. In the long run, shifts in aggregate supply can come from changes in the natural resources available, the size and quality of labor, technological innovation, wage increases, higher production costs, changes in producer taxes and subsidies, and changes in inflation.
