Answer:
Omkara can terminate its contract with Gnome due to true impossibility, since unforeseen and uncontrollable circumstances make the contract impossible to perform.
But Omkara can not discharge its contract with Duke's Furniture, it is still valid and if Omkara doesn't perform then Duke might sue them.
Answer:
John is working within the scope of his duties following trust instruction and does not need a license
Explanation:
Answer:
Instructions are listed below
Explanation:
Giving the following information:
CarmelRugs plans to sell carpets for $1,000 each. The company will purchase the carpets from a local distributor for $400 each, with the privilege of returning any unsold units for a full refund.
Jean’sClub has offered Carmel Rugs two payment alternatives for the use of space.
Option 1:
Fixed cost= $17,400 for the sale period
Option 2: 20% of the total revenues earned during the sale period.
Break-even point= fixed costs/contribution margin
Option 1:
Break-even point= 17400/(1000-400)= 29 carpets
Option 2:
Break-even point= (400+200)/(1000-400)=1 carpet (no fixed cost)
From factorys. Its ironic because money makes more money.
Answer:
The variable and fixed cost elements of the annual cost of the truck operation is 0.073 and $9,720 respectively.
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High operating cost - low operating cost) ÷ (High kilometers driven - low kilometers driven)
= (135,000 km × 14.5% - 90,000 km × 18.1 %) ÷ (135,000 km - 90,000 km)
= ($19,575 - $16,290) ÷ 45,000 km
= $3,285 ÷ 45,000 km
= 0.073
Now the fixed cost equal to
= High operating cost - (High service hours × Variable cost per hour)
= $19,575 - (135,000 km × 0.073)
= $19,575 - $9,855
= $9,720